, utilities and depreciation the majority of which are fixed costs resulting in higher proportion when Same-Store Sales decrease. For the nine months ending 30 September 2018 and 2019, the gross profit (after

5,697 22% Gross profit 2,188 1,459 1,511 (31%) 4% 2,815 2,970 6% Gross profit margin 38% 32% 37% (1%) 5% 38% 34% (3%) Notes: : 1. Including gas pipeline transmission cost (fixed cost) 2. Since Q1/2020

: Gross profit = Sales and service income – Cost of sales and services (does not include other income) 3.1. Analysis of 2020 Q1 in comparison with 2019 Q1 results While there was an improvement in Lost Time

2,293 Million and payment of interest and finance cost in the amount of Baht 1,630 Million. Significant Financial Ratios* Description Unit 2019 2018 Net Profit Margin ratio % 18.66 20.35 Return on Equity

) -0.3% (3.78) -0.6% 99.0% 60.2% Interest expenses (8.78) -1.1% (6.54) -0.9% (4.47) -0.7% -31.7% -49.1% Profit before income tax expenses 165.18 20.5% 140.81 19.3% 113.00 17.0% -19.8% -31.6% Income tax

& administrative expenses 112 147 31.4% EBITDA 89 109 22.2% Net profit from operation 51 44 -13.5% Net profit (exc. Minority Interest) 53 37 -30.2% Gross profit margin 60.5% 33.7% EBITDA margin 32.3% 15.8% NPAT

maturity fixed deposit was transfer to saving account and increase about 45 million baht from 2017 in relation to the increase in FED interest rate from 0.75% in 2017 to be 1.50% in 2018 and 1.75% in 2019

reported consolidated sales revenue of Baht 2,147.64 million increased by Baht 107.28 million or 5.26% from last year. The Company’s gross profit was 34.43% decreased from last year, reported at 39.10%. The

220.36 7.11 Selling expenses 66.19 56.23 17.70 55.33 19.62 121.51 106.89 13.68 Administrative expenses 58.55 58.81 -0.44 55.96 4.63 114.51 113.48 0.91 Earnings before interest and taxes (EBIT) 7.28 5.34

) (874.7) (920.4) 5.2% 15.6% (1,585.0) (1,795.1) 13.3% Cost of construction under a concession arrangement (398.1) - - - N.A. (