EBITDA/t (US$/t)) 122 107 91 34% 105 86 22% Net Operating Debt to Equity 0.57 0.84 0.91 (37)% 0.57 0.91 (37)% Note: (1) Consolidated financials are based upon elimination of intra-company (or intra

% Core EPS after PERP Interest (THB) 0.85 0.67 1.31 (35)% 3.67 3.86 (5)% Core EBITDA/ton ($) 115 102 153 (25)% 119 132 (10)% Operating Cash Flow5 385 261 222 73% 1,172 855 37% Net Debt to Equity (times

188 61% 1,037 853 21% Net Operating Debt to Equity (times) 0.53 0.45 0.57 (7)% 0.53 0.57 (7)% 1Consolidated financials are based upon elimination of intra-company (or intra-business segment

times its total foreign-currency-denominated debt. The Thai baht stood at 32.55 THB/USD at the end of 2018, easing by 0.75 percent from 32.31 THB/USD at the beginning of the year. On the domestic front

translation is strictly for reference. Notification of the Capital Market Supervisory Board No. Tor Jor. 10/2556 Re: Submission of the Registration Statement for an Offer for Sale of Debt Securities

times to 6.37 times because the Company has current assets and current liability, decreasing from the same period of last year. Receivable Turnover decreased from 1.23 times to 1.06 times for the second

, decreasing by 64.67 million baht or 3.57 percent because the asset value fell due to the asset depreciation and amortization. - The total liability stood at 191.09 million baht, down by 33.43 million baht or

assets and current liability, decreasing from the same period of last year. Receivable Turnover decreased from 1.20 times to 1.12 times for the third quarter of 2018 and decreased from 3.49 times to 3.24

, increasing 0.01 QoQ. Debt to equity ratio was 2.15, increasing from previous year, as a result of the adoption of TFRS16, which increased lease liability at the end of the quarter to Bt141.91mn. (The debt to

holds 49.71%) mainly caused by a decrease in revenue from mark-to-market price of investments, and an increase in expense from post-employment benefits obligation. The operating results of KT ZMICO for