3,938.00 2,428.00 62.19 Gross profit margin (%) 39.25 37.02 6.03 Net profit to total revenue (%) 9.15 7.17 27.68 -2- Baan Rock Garden Public Company Limited 601 Ramkhamheang 39 Pracha-Uthit Rd

170.45 142.90 27.54 Gross profit margin 15.33% 13.51% 1.82% Other income 4.77 3.67 1.09 Selling expenses 2.66 4.73 (2.07) Administrative expenses 80.76 84.95 (4.19) Earnings before interest and tax 91.79

Operating Results of the Company in Q3/2020 Q3/18 Q3/20 (THB million) YoY Operating Revenue 219 179 (18%) Gross Profit 137 105 (23%) EBITDA 58 57 (2%) Net Profit for the Company 13 12 (8%) Gross profit margin

PowerPoint Presentation After You Public Company Limited Management Discussion & Analysis YE 2020 Management Discussion & Analysis Q4/2020 Gross Profit and Gross Profit Margin • The Company’s gross

Baht which had a Gross Profit Margin of 23.82%, decreasing from the same period of previous year which had a Gross Profit Margin of 25.42%. This decrease in Gross Profit Margin, Although the Company has

& Admin. Expense 217,667 164,859 52,808 32.03 Finance cost 70,310 51,060 19,250 37.70 Gross profit 416,712 227,598 189,114 83.09 Net profit 126,434 24,017 102,417 426.44 Gross profit margin (%) 31.29 33.73

driven by the continued growth in construction industry and further renovation/expansion of retail stores and new Shopping complexes despite revenue recognition delays from some turnkey projects to next

of the year earlier and has gross profit margin of 27.64%.because the company adjusted the recognition of interest income from loan receivables from the purchase of debtors, decrease from previous

to the same period of the year earlier and has gross profit margin of 24.75%.because the company adjusted the recognition of interest income from loan receivables from the purchase of debtors, decrease

mainly due to the followings: (a) Lower contribution margin recorded resulted from unfavorable model mix; and (b) Higher tax expense recorded during the 3-months period ended 30 April 2019 by Baht 2.82