changing for 20 days. However, as the company had announced the commercial operation of methyl ester plant 2 on April 5, 2019 with nameplate capacity 200,000 tons per year and also domestic crude palm oil

MARCH 2018 LH Financial Group Public Company Limited Management Discussion and Analysis for the First Quarter ended 31 March 2018 Page 2/18 Overview of Business Operation LH Financial Group Public Company

-49% 512 -50 -1,124% Adjusted EBITDA Margin (%) 5.8% -3.0% 8.8% 7.8% -2.0% 7.0% -1.2% 8.2% Note : (1) The methyl ester plant 2 has commenced the commercial operation on April 5, 2019. Thus, the

executives of the subsidiaries based on the assumption from income and expense from the past operation, the deterioration of the solar panels and other equipment, additional investment to substitute any part

EBITDA (including lease liabilities and license payable) was at 2.5x. Total equity was at Bt94,003mn, increasing 3.7% from increased retained earnings. Cash flow In 1H24, cash flow from operation (after

operation (after tax) reported at Bt53,918mn, increasing 42% compare to 1H23 following a improvement in EBITDA. Net cash outflow from investing was at Bt16,848mn and at Bt5,189mn for spectrum license. As a

-2.6% from dividends paid. Cash flow In 9M24, cash flow from operation (after tax) reported at Bt84,616mn, increasing 35% compare to 9M23 following a improvement in EBITDA. Net cash outflow from

operation in GS. The area under the water supply contract has high water requirements. This area is full of the community, tourist attraction, and industrial factory which currently suffers from the shortage

1.01 0.66 1.08 0.00 0.31 100.00 Sales Sales cost rates. (%) 92.15 49.81 78.12 84.35 87.54 0.00 0.00 90.69 Compare the results of the operation. Biodieselfuel consumed. By -product Get Palm oil and

operation. Biodiesel Edible oil By-product Palm oil refining service Sales of porcelain and component Sale of Ice cube Vessel operating Port services Other income Total revenue The difference as income