the period. • As a result of the foregoing, net interest-bearing debt to equity ratio increased from 1.5 times as of December 31, 2018 to 1.6 times as of March 31, 2019. FINANCIAL POSITION STATEMENT OF

of June 30th, 2024, which can be summarized as follows: 1) Profit & Loss Analysis : Q2 2024 (3 Months) (Unit : Million Baht unless otherwise stated) Q2 2024 Q2 2023 Change Amount % Change Total

healthy financial position and sturdy debt service capacity with interest-bearing debt-to-equity ratio of 0.10 times. 2018 Outlook Maintain 2018 forecast, yet adjust down new hotels opening • Despite Boat

of net proceed from base offering in July and over-allotment proceed in August. This proceed would allow us to enhance our capital structure reflecting in net-interest- bearing debt to equity ratio as

1.43, increase from 0.32 at end of 2018. This improvement was mainly due to a repayment of all short-term borrowing from financial institutions. The debt-to-equity ratio improved to 0.35 at 31 March 2019

million from the increasing in fuel material account payables and purchases of fixed assets account payable. As at 30 June 2022, the debt to equity ratio was 0.41 times, the net debt to equity ratio was

fuel material account payables and purchases of fixed assets account payable. As at 30 September 2022, the debt to equity ratio was 0.39 times, the net debt to equity ratio was 0.31 times, the interest

Equity (Net D/E) Times 0.20 0.29 0.26 Total Debt to Equity (Total D/E) Times 0.50 0.49 0.50 Liquidity ratios Current ratio Times 2.53 2.43 2.35 Quick ratio Times 2.18 1.94 1.92 * Exclude costs of

of cash and current investments from IPO proceeds. Debt to equity ratio was at 0.3 times. Unit: THB million Osotspa Public Company Limited Management’s Discussion and Analysis (MD&A) Consolidated

49.34 17.69% Finance cost 49.11 68.10 18.99 38.67% Income tax expenses 48.04 57.52 9.48 19.73% Net profit 181.71 202.58 20.87 11.49% Net profit ratio (ROS) 17.16% 15.74% Earnings per share (Baht) 0.34