Exchange of Thailand (the “SET”). In entering into Komchadluek Business and Trademark Acquisition, the Board of Directors of the Company (excluding the directors those who have vested interest) considers

Debt = Interest bearing liabilities – cash and cash equivalent 2) Leverage Q1 uses annualized EBITDA 3) ROFA = (Net profit + Depreciation)/ Average (Q1 2018 and Q4 2017) of property, plant and equipment

comprise; (1) Tranche 1: Debenture term is 2 years and fixed interest rate at 2.96% per annum (2) Tranche 2: Debenture term is 3 years and fixed interest rate at 3.26% per annum. The debentures have been

with fixed interest % 66% 58% Credit Rating by TRIS AA- A+ 1 Net debt after debt for capex and investments in progress that are not generating revenue and earnings as on date given Figure 7: Repayment

and an increase in net interest income in line with loan growth, which was consistent with rising net interest margin (NIM). Excluding net profit from investment and income from auction of mortgaged

companies. (3) Comprises of total revenue net dividend income, gain on foreign exchange, interest income and non-operating revenues. 11 ASIA’S BOUTIQUE AIRLINE Operating Profit and Net Income The operating

Profit Margin (%) (27.2) 1.6 EBITDA Margin (%) (2.2) 6.8 Net profit Margin (%) (45.3) (1.4) Return on Equity (%) (25.2) (1.2) Efficiency Ratio Return on Assets (%) (11.2) (0.6) Return on Fixed Assets

products as well as growth from some exiting products. Domestic branded was quite maintained.  Net profit in Q1/2018 was Baht 9 million, a decrease of 92% YoY due to 1) lower sales contribution of export

quarter of the year 2017, the Company had the net profit attributable to equity holders of the Company in the amount of Baht 940 Million representing an increase from the same quarter of the previous year

Interest-bearing Debt to Equity (Times) 2.49 2.30 Cash Flow (Unit: Baht Million) 31 Dec 2019 31 Dec 2018 % Change Profit (loss) from operating activities before changes in operating assets and liabilities