), total revenue from sales amounted to THB 3,862 million, an increase of THB 235 million or 6.5%, driven by higher sales of the energy drinks for export markets and revenue growth in distribution of 3rd

power and increased price competitiveness. For the business outlook for Q3/2020, the trend of the Thai economy is expected to contract compared to the same period of 2019 from the COVID-19 pandemic

consistent increase in its retail channel sales; the main distribution channel, from the Company’s strategy to enlarge its customer base, and debuted the B20 Diesel product in tandem with a special price

2019 2018 YOY % Operating profit 457.27 403.89 53.38 13.22% Depreciation 124.10 100.14 23.96 23.92% Amortization 78.25 73.92 4.32 5.85% EBITDA 659.62 577.96 81.66 14.13% 2. ECONOMIC SITUATION Thai

11.84 8.73 73.68 Other revenues 1.68 4.47 (2.79) (62.41) 4.00 8.63 (4.62) (53.58) Distribution cost (5.88) (5.69) 0.20 3.46 (11.03) (12.24) (1.22) (9.93) Administrative expenses (11.82) (13.09) (1.27

service 17.72 9.31 8.41 90.27 38.29 21.16 17.13 80.98 Other revenues 1.80 4.47 (2.67) (59.73) 5.81 13.10 (7.29) (55.68) Distribution cost (4.67) (5.97) 1.30 (21.77) (15.70) (18.21) 2.52 (13.82

expenses 1,713.7 1,557.6 1,357.0 156.1 10.0 356.7 26.3 Profit for the period 142.7 121.6 117.2 21.1 17.4 25.5 21.8 In Q3-2022, The Thai Economy improved from the previous quarter. This is because the service

branches. In addition, there was growth in sales through modern trade channels, particularly convenience stores such as 7-Eleven, which began product distribution in July 2024. R E V EN UE : • The Company’s

LIMITED MANAGEMENT DISCUSSION AND ANALYSIS FOR Q1/2018 2 2. ECONOMIC SITUATION Thai economy in Q1/2018 continually expanded, supported by every economic engine especially merchandise exports, which were

TRANSLATION As of 9 April 2015 Readers should be aware that only the original Thai text has legal force and that this English translation is strictly for reference. Notification of the Office of the