&A) 19 Key Financial Ratios INTEREST COVERAGE RAT IO | t imesTOTAL DEBT TO EQUITY AND NET DEBT TO EQUITY RATIO | times 5.18x 1.33x 1.30x 3.89x 0.81x 0.78x Q2/19 Q1/20 Q2/20 Total Debt to Equity (Total

(time) 0.99 1.24 Leverage ratio 31-Mar-18 31-Dec-17 Interest bearing debt to equity (time) 0.33 0.35 Net interest bearing debt to equity (time) 0.09 0.04 Debt to equity (time) 0.80 0.85 31-Mar-18 31-Mar

ratio was 1.83 times which mean the company’s liquidity to payment on short-term liability was still high. While Debt to Equity ratio of the Group and Interest Bearing Debt to Equity ratio was 0.97 times

to payment on short-term liability was still high. While Debt to Equity ratio of the Group and Interest Bearing Debt to Equity ratio was 0.84 times and 0.23 times, consequently, which is low risk on

(THB) 0.43 0.25 0.85 +0.19 (0.42) Core EBITDA/T ($) 94 92 115 2% (18)% Operating Cash Flow5 300 340 385 (12)% (22)% Net Operating Debt to Equity (times) 1.32 1.35 0.65 (2)bps +67bps * Integrated Oxides

to Baht 26,945 million as of March 31, 2018, primarily due to an increase in retained earnings during the period.  As a result of the foregoing, net interest-bearing debt to equity ratio reduced from

December 31, 2017 to Baht 25,904 million as of June 30, 2018, primarily due to an increase in retained earnings during the period.  As a result of the foregoing, net interest-bearing debt to equity ratio

Net Profit Margin (%) 2.40 2.35 3.13 Current Ratio (Times) 1.43 1.43 1.44 Debt to Equity Ratio (Times) 1.79 1.81 1.76 Book Value per Share (Baht) 2.22 2.25 2.31 Net Profit per Share (Baht) 0.45 0.43

Budget Act and drought. Furthermore, domestic spending may be limited due to weakening purchasing power and hefty household debt. Apart from economic woes, businesses face numerous other challenges that

Turnover Ratio Settlement Period: Sharpe Ratio Alpha Remark: ……………………………………...………………….……. ………………………………………………………………………… ………………………………………………………………………… Beta Tracking Error Average Maturity of Debt Instruments