EBITDA (times) 1.4 1.1 1.0 Inventories 3,823 1.3% 2,885 1.0% Current Ratio (times) 0.4 0.6 0.4 Others 3,433 1.2% 4,389 1.5% Interest Coverage (times) 11 13 15 Current Assets 34,905 12% 37,691 13% Debt

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

, basically from the net profit in 2019 net off with dividend payment. As of 31 Dec 2019 = 7,359.56 million Baht As of 31 Dec 2018 = 7,204.35 million Baht Proportion of Interest-Bearing Debt Long term loan 44

= 7,204.35 million Baht Proportion of Interest-Bearing Debt Long term loan 44% Debenture 33% Long term loan due in 1 year 12% Short term loan 11% Long term loan 41% Debenture 35% Long term loan due in 1 year

(%) 22.40% 27.31% Performance Ratio Return on Equity (ROE) (%) 8.32% 10.82% Return on Assets (ROA) (%) 4.24% 5.78% Capital Structure and Debt Ratio Debt to Equity ratio (time) 1.05 0.84 Debt Service Coverage

term loan 52% Debenture 33% Long term loan due in 1 year 11% Short term loan 4% As of 31 Mar 2020, = 7,516.67 million Baht As of 31 Dec 2019, = 7,359.56 million Baht Proportion of Interest-Bearing Debt

% from the previous year due to with repayment from projects with debt continuously as a result financial costs decreased. As of 31st December 2018, the Company had a Debt to Equity ratio of 1.21 times, an

costs decreased. As of 31st March 2019, the Company had a Debt to Equity ratio of 1.41 times, an Interest Bearing Debt to Equity ratio of 1.14 times and a Net Cash Interest Bearing Debt to Equity ratio of

shares of KPN Academy Company Limited (“KPN Academy”) in the proportion of not less than 57.52 percent of total number of sold shares of KPN Academy from the existing shareholders, i.e. (1) Mr. Nop

for consideration of approval as follows:   (1) A waiver in the case where the bond issuer is unable to maintain an interest bearing debt to equity ratio not exceeding 3:1, as reflected in the