business plan 2021 - 2024. Cash flow statement Regarding the cash flow statement as of 31st March 2021 and 31st December 2020, the net cash flow increases 546.06 million THB or 59.57% mainly because of the

was a gain from crude and finished product hedging contract of THB 225 million, led to the total gross refinery margin of THB 1,495 million and an EBITDA of THB 916 million (with contribution from the

hedging contract of THB 68 million, this led to the total gross refinery margin of THB 2,779 million, within this quarter EBITDA contribution from the Trading business was THB 7 million. As a result, the

in March 2017. There was also performance contribution from Gotemba project (PPA of 4 MW) which has commenced its electricity grid connection (pre-COD) since late 2017 (but as Gotemba project has not

the Nido & Martinloc portion in the amount of 3,447 barrels, as the company group divested shares in Nido Production (Galoc) Pty. Ltd. which owns 55.8% of Galoc field, leaving no further contribution

due to the higher cost of fresh cassava and cassava chips. Natural resources business, exploration and production business recorded a decreased revenue, as there were no performance contribution from

impact from FX losses was only accounting implication and did not affect the Company’s cash flow or its operating performance. KEY HIGHLIGHTS • Total revenue and share of profit from investments in

the Discounted Cash Flow and the Precedent Transaction Comparables. The preliminary assumptions used in the valuation based on the Discounted Cash Flow are as follows: 8 Number of years used for

cash flow or its operating performance. KEY HIGHLIGHTS • Total revenue and share of profit from investments in associates increased by 4.4%. However, if excluding the FX impact and one-time loss items

Page 6/ 7 Jaymart Public Company Limited decline. In addition, JAS Asset is aware of the period of crisis. Cash flow in operations is important to business operations. JAS Asset has conducted