7.69  18.18  Dividend Yield (%) 2.22  2.61  4.12  Payout Ratio 0.46  0.50  0.45  Dividend Policy Twice a year at the rate of not less than 40% of net profit after tax deduction, the allocation to

Change (%) -5.17  6.42  -12.80  Dividend Yield (%) N/A  5.60  5.96  Payout Ratio 0.58  0.92  1.65  Dividend Policy Not less than 50% of net profit after tax 1  CG Score 2021 from Thai Institute of

Classified by Distribution Channels Quarter 3 of 2017 Quarter 3 of 2016 Variation THB Domestic Restaurant and Bakery Business 1,615 1,652 (37) Food and Bakery Wholesales Business 231 233 (1) Overseas

355.9 10.3% Total Cost 1,528.4 2,614.2 1,085.8 71.0% Gross Profit/2 1,802.9 1,074.0 (729.0) (40.4%) Net Profit 779.9 406.6 (373.3) (47.9%) Normalized Total Revenue/3 3,196.4 3,708.8 512.3 16.0% Normalized

Company hereby clarifies the performance as follows: During 3 months ended the third quarter of 2019, the Company had the net profit of THB 569.6, which increased by 56.9% compared to the same period of

beginning of 2018 respectively, thereby reducing the leasable area.  Gross profit from rental and service of warehouses, distribution centers and factories for 2018 stood at THB 485.8 mm, which decreased by

investments, net (19,132) (1,173) (17,959) 1,531.0 Dividend income and profit sharing 180,015 275,156 (95,141) (34.6) Other operating income 75,658 96,520 (20,862) (21.6) Total operating income 4,440,874

Financial Policy Ratios Debt to Equity times 0.40 0.42 0.42 Interest coverage times 3,095.00 545.41 222.73 Dividend payout (%) 76.07%* 55.96% 55.68% * Pending approval from the 2020 annual general meeting of

. Net Profit decreased by 24% to THB 1,805m in 2019 from THB 2,375m in 2018 due to lower operating profits more than offsetting an increase in exchange gain of THB 319m in 2019. Past Performance Analysis

million]. Payout Analysis For the year 2017 the company paid an interim dividend of THB 805 million in Q4/17. For the year 2016 the company paid full dividends of THB 1,610 million (THB 2.00/share). An