amortisation 438,041 461,208 (5%) Interest income (11) (26) (136%) Finance costs 279,834 266,576 5% Unrealised (gain) loss on exchange rate (191,684) (530,938) (177%) 2,401 556 77% Gain on compromise debt

2019 Not yet due 273 262 Up to 3 months 145 130 3 - 6 months 67 30 6 - 12 months 13 29 Over 12 months 11 18 Total 509 469 Allowance for doubtful debt 6 7 MANAGEMENT DISCUSSION & ANALYSIS 2Q 2019 7 AUGUST

. Significant Financial Ratios* Description Unit 2nd Quarter 2019 2018 Net Profit Margin ratio % 19.41 24.14 Return on Equity ratio % 8.89 11.03 Return on Total Assets ratio % 3.46 4.13 Debt to Equity ratio Time

on Equity ** (%) 14.57 13.94 4) Return on Assets ** (%) 8.61 8.53 5) EBITDA * (Million Baht) 3,044 3,181 6) EBITDA to Total Assets (%) 3.01 3.16 7) Debt to Equity Ratio (Times) 0.66 0.72 8) Debt

0.75x as of 31 December 2018 because decreases in inventories were more than current liabilities that the Company repaid to loans from financial institutions. Interest-bearing debt to equity ratio

Healthcare center Co., Ltd. has recognize allowance for doubtful debt in an amounting of baht 31.98 million in this quarter. 3.5 Operating results The Group's net profit was decreased from the same period of

liabilities were increases in short term loan from financial institutions, trade and other payables and portion of long-term debt due in 1 year to fund the investment in aluminum can and bottling factories

647 Up to 6 months 93 164 Over 6 months 39 22 Total 709 833 % of total receivables 93.0% 72.9% Allowance for doubtful debt 34 36 % of total receivables 4.5% 3.2% LIABILITIES AND SHAREHOLDERS’ EQUITY

30 JUNE 2018 Not yet due 124 112 Up to 3 months 89 15 3 - 6 months 0 8 6 - 12 months 0 1 Over 12 months 13 8 Total 227 145 Allowance for doubtful debt 11 7 8 MD&A 2Q 2018 (ended 30 June 2018) MASTER AD

(THB mn) 31 MARCH 2018 (Restated) 30 JUNE 2018 Not yet due 647 619 Up to 6 months 164 241 Over 6 months 22 22 Total 833 883 % of total receivables 77.3% 75.8% Allowance for doubtful debt 36 35 % of total