debt ratio stemming from increased loans and lower shareholder equity, the ratio was nonetheless at comfortably low level. The interest coverage ratio (EBITDA / finance costs) decreased to 53.7x from

our investments, as well as improvements in surplus cash management where we have invested surplus cash in money market products giving a better yield. Cost of Services While our revenue has grown 7.7

returns from our investments, as well as improvements in surplus cash management where we have invested surplus cash in money market products giving a better yield. Cost of Services While our revenue has

fiscal year 2016 to 2,345 million baht as of November 30, 2017, or 3.11% of total accounts receivable. The percentage account receivable 3 months overdue or non-performing loan (NPLs) ratio was 2.23% of

Shareholders’ equity Total revenues Total expenses Net profit Net debt to EBITDA ratio Interest coverage ratio (ICR) 2 Debt service coverage ratio (DSCR)2 Debt to equity ratio Current ratio B/E size to interest

of financial institutions and debenture together with minimizing the impacts from full loan guarantee provided to Power Plant business and its high debt resulting in decreasing in debt to equity ratio

54.2%. If calculating the proportion of gross profit for the non-performing debt management business, the gross profit margin stood at 59.4 percent. Administrative Expenses The Company had administrative

(Cambodia) Co.,Ltd. In order to cut realized loss from operation of its subsidiaries and reduce its debt, UWC also considered to divest it’s investment in biomass powerplants resulting in reclassification of

Co.,Ltd. (Biogas Power Plant) and UWCC (Cambodia) Co.,Ltd. In order to reduce its debt and reshape its investment from less competency business such as Power Plant that cause longer period of repair

million Baht for project investment. As of 30 Sep 2019 = 7,214.46 million Baht As of 31 Dec 2018 = 7,204.35 million Baht Proportion of Interest-Bearing Debt Long term loan 44% Debenture 33% Long term loan