8.8 6.6 (237.1) WHABT 9.7 8.4 (39.4) รวม (2,116.0) KEY FINANCIAL RATIOS Q1 2019 Q1 2020 Gross Profit Margin (%) 22.3% 49.3% Net Profit Margin (%) 10.7% 7.8% D/E Ratio (times) 1.5 1.6 Net IBD to Equity

Limited 7 MANAGEMENT DISCUSSION AND ANALYSIS FOR PERIOD ENDED 30 JUNE 2020 Cashflow Summary as of 30 June 2020 compared to 30 June 2019: 4. Financial Ratios Note: 1) Net Debt = Interest bearing liabilities

Million. Significant Financial Ratios* Description Unit 3rd Quarter 2020 2019 Net Profit Margin ratio (NPM) % 21.61 21.60 Return on Equity ratio (ROE) % 5.13 8.24 Return on Total Assets ratio (ROA) % 1.94

0.64 : 1 to 0.91 : 1 as of 31 December 2018 and 30 September 2019 respectively. The above ratios do not exceed 1:1 which complies with the policy of the Company. Cash flow statement The cash flow

increased by THB 2,648.8 mm from THB 31,014.1 mm as of 31 December 2018, mainly from WHA-W1 exercise and increase in market price of REITs as well as increase in retain earnings. KEY FINANCIAL RATIOS 31

SEPTEMBER 2019 4. Financial Ratios Note: 1) Net Debt = Interest bearing liabilities – cash and cash equivalents 2) Leverage Q3 and FY use annualized EBITDA for the previous 4 quarters 3) ROFA = (Net profit

. o The Group's operating results with net profit attributable to owners of the parent for the period totaling of Baht 61.69 Million.   Key financial ratios o Debt to Equity ratio (D/E) as of 30

Million. Significant Financial Ratios* Description Unit 3rd Quarter 2019 2018 Net Profit Margin ratio % 21.60 26.12 Return on Equity ratio % 8.24 10.85 Return on Total Assets ratio % 3.21 4.04 Debt to

year. 4. Key financial ratios Unit Y2023 Q1/2024 Q2/2024 Days sales outstanding days 2 3 3 Days of inventory outstanding days 39 42 44 Days payable outstanding days 47 41 50 Cash conversion cycle days (6

Ended December 31, 2018 Page 16 5. Significant Financial Ratios (Excluded the Effect of Foreign Exchange Rate) 1) Current Ratio (Times) 2.22 2.44 2) Profit to Total Revenue (excluded fuel costs) (%) 43.53