license. As a result, free cash flow (OCF less CAPEX and spectrum license) for 1Q22 was Bt9,440mn. Cash flow used in financing activities was Bt5,800, mainly on lease liability paid of Bt3,122mn and

0.8 Net debt to EBITDA (times)* 0.8 0.8 0.7 Net debt & lease liability & spectrum license payable to EBITDA 2.1 2.0 1.9 Current Ratio (times) 0.4 0.4 0.4 Interest Coverage (times) 16.0 15.9 15.8 Debt

Ratio 2Q22 1Q23 2Q23 Interest-bearing debt to equity (times)* 1.1 1.0 1.0 Net debt to equity (times)* 0.9 0.8 0.9 Net debt to EBITDA (times)* 0.8 0.7 0.8 Net debt & lease liability & spectrum license

such cut to length as per customers’ requirements. The Company and its subsidiaries therefore sold scrap and recorded as the other income. 1.3 Cost of goods sold Major cost of goods sold are cost of

cut to length as per customers’ requirements. The Company and its subsidiaries therefore sold scrap and recorded as the other income. 1.3 Cost of goods sold Majority of cost of goods sold are cost of

unused machineries sold. The significant other income is income from scrap sales which are the results from the processing of cold rolled stainless steel sheet and coil such cut to length as per customers

of cold rolled stainless steel sheet and coil such cut to length as per customers’ requirements. The Company and its subsidiaries therefore sold scrap and recorded as the other income. 1.3 Cost of

same period last year. This figure shows that the Company significantly cut on sales expenses from the previous year according to the drop in sales revenue. However, sales expenses to sales revenue ratio

addition, the Bank of Thailand cut the ceiling rates for interest rates on credit card from 18% to 16% per annum and personal loan from 28% to 25% per annum, effective from August 1, 2020 onwards. On the

revenues were 5,005 million baht, decreasing 19% y-y. This is a result of the COVID-19 pandemic situation, economic slowdown and a higher household debt, In addition, the Bank of Thailand cut the ceiling