AND SHAREHOLDERS’ EQUITY LIABILITIES AND EQUITY BREAKDOWN 31 MARCH 2018 (Restated) 31 MARCH 2019 (THB mn) % out of total (THB mn) % out of total Total liabilities Total equity LIQUIDITY AND CASH FLOW

. . . . % Profit Sharing for the Year - The Company’s Equity . . . . % - Non-controlling Interest ( . ) ( . ) . . % Management's Discussion and Analysis and operating results for the Year 2017 Page 3 / 10 3.1

(MD&A) for the year 2019 Attention: The President The Stock Exchange of Thailand The Company wishes to present the Management Discussion & Analysis (MD&A) on the operating and financial status for the

552.53 1,570.71 (1,018.19) Non-current liabilities 722.76 273.12 449.64 Total liabilities 1,275.29 1,843.84 (568.55) Equity 856.93 253.87 603.05 Consolidated financial information P a g e 2 | 8 The group’s

2323 1085..96 Fax. 66 2323 9283 Management Discussion and Analysis (MD&A) Business operating results and financial position for the year 2018, in which the equity method is applied, of the Company could

1085..96 Fax. 66 2323 9283 Management Discussion and Analysis (MD&A) Business operating results and financial position for the year 2017, in which the equity method is applied, of the Company could be

and Administrative Expenses 244.45 197.78 +23.60 Financial Cost 30.80 34.60 -11.00 Net Profit 189.79 287.27 -33.93 (Unit : Million Baht) Financial statements in which equity method is applied 2017 2016

MATI 05/2562 February 27, 2019 Subject Reporting Annual Consolidated Financial Statement which ended at December 31, 2018 To Director and Manager The Stock Exchange of Thailand Operating income of

December 2018 Current Ratio 8.1 8.1 Debt to Equity Ratio 0.2 0.2 Million Baht three-month period 2019 2018 Cash and Cash Equivalent on 1st January 291.7 24.3 Net Cash Provided (Used in) Operating Activities

Microsoft Word - MDA Q1.2019 EN_Final Page 1 of 3 GEL.CS.004/2562 14 May 2019 Subject: Management Discussion and Financial Analysis for the operating results of the first quarter of 2019, ended March