) 1,154.53 1,635.42 (480.89) (29.40) EBITDA Margin (%) 15.85 20.87 (5.02) 14.54 19.74 (5.20) Financial position Assets For the consolidated financial statements as of June 30, 2018, total assets of the GFPT

Expense 4.07 2.12 1.95 92.08 11.57 6.43 5.14 80.02 EBITDA 851.02 896.18 (45.16) (5.04) 2,005.54 2,531.60 (526.06) (20.78) EBITDA Margin (%) 18.84 20.37 (1.53) 16.10 19.96 (3.86) Financial position Assets

income. The EBITDA margin in 1Q2020 was 20.41%, increased from 15.22% in 1Q2019. Financial position Assets For the consolidated financial statements as of March 31, 2020, total assets of the GFPT Group

, increased by THB 181.31 million or 9.04% up as compared to 9M2018 mainly from higher revenue from sales and higher share of profit from associated companies. Financial position Assets For the consolidated

equity at 4.90% lower than the year 2017 having the return on equity at 7.80%. Asset Management As of 31st December 2018, the Company’s financial position was analyzed from changes in the assets

company has invested to improve the production stability for Sattahip and Borwin Waterworks 7. Financial Position Analysis Financial Position (MB) As of 31 Dec 2016 As of 30 Jun 2017 Increased (Decreased

operations and had strong financial position. As at December 31, 2018, the consolidated current ratio was 1.93 times, slightly increased from 1.81 times in 2017. The quick ratio in 2018 was 0.72 times

Multiplier (times) 1.46 1.43 1.40 GFPT Public Company Limited Management Discussion and Analysis for the Year 2019 Page 6 of 14 Financial position Asset For the consolidated financial position as of December

GFPT Public Company Limited Management Discussion and Analysis for the Year 2017 Page 1 of 15 Management Discussion & Analysis Summary of Consolidated Statements of Financial Position of GFPT Public

the expenses. Financial Position Analysis Unit : MB As at 31 March 2018 As at 31 December 2017 Change MB % Cash and cash equivalents 137.42 124.63 12.79 10.26 Current investment 260.65 252.71 7.94 3.14