% which was an increase in lease liability from accounting measure No. 16. While the shareholders' equity is 1,305.1 million baht. This gives the company a total debt to equity ratio of 1.38 times and

and Cost that were recognized when there is construction under concession agreements for tap water according to accounting standard TFRIC12 Raw water costs 47% Tap water costs 37% Rental and services

) (8.49%) Note: 1) Revenue and Cost that were recognized when there is construction under concession agreements for tap water according to accounting standard TFRIC12 Cost of 2018 = 2,219.31 ลานบาท Revenue

% Core EPS after PERP Interest (THB) 0.85 0.67 1.31 (35)% 3.67 3.86 (5)% Core EBITDA/ton ($) 115 102 153 (25)% 119 132 (10)% Operating Cash Flow5 385 261 222 73% 1,172 855 37% Net Debt to Equity (times

188 61% 1,037 853 21% Net Operating Debt to Equity (times) 0.53 0.45 0.57 (7)% 0.53 0.57 (7)% 1Consolidated financials are based upon elimination of intra-company (or intra-business segment

excluding the FX impact and one-time loss items, the normalized net profit was decreased by THB 96.7 mm or 22.9%. Such impact from FX losses was only accounting implication and did not affect the Company’s

liabilities stood at THB 7,174.9mn • Debt to Equity ratio stood at 1.04 times as of 31 December 2019, decreased from 1.14 times as at end of 2018 Change in accounting policies and reclassification in 2019

executives succeeding the chief executive officer, the persons holding equivalent position to the fourth executive and shall include the persons holding the posit ion of manager or equivalent in accounting or

position of manager or equivalent in accounting or finance departments. The Corporate Group’s total expenses in the 3rd Quarter 2019 increased from the same period of previous year by 10.45 percent

fourth executive and shall include the persons holding the position of manager or equivalent in accounting or finance departments. The Corporate Group’s total selling and administrative expenses in the 2nd