million baht 1,247 1,247 1,247 Key financial ratios Liquidity ratios Current ratio times 3.07 3.11 3.14 Quick ratio times 2.22 2.38 2.43 Cash ratio times 0.36 0.38 0.45 Receivable turnover times 4.82 4.70

, 2019 and 2018 were 17.0% and 7.2%, respectively, mainly due to the improved overall performance as mentioned above 5. Debt to equity ratio Debt to equity ratio as of December 31, 2019 and 2018 were 0.7

AD PUBLIC COMPANY LIMITED 6 KEY FINANCIAL RATIOS 1Q 2019/20 1Q 2020/21 31-Mar- 2020 30-Jun- 2020 Profitability Ratios Liquidity Ratios Gross profit 1 (%) 37.9% 11.4% Current ratio (times) 0.8 0.8

0.8 Net debt to EBITDA (times)* 0.8 0.8 0.7 Net debt & lease liability & spectrum license payable to EBITDA 2.1 2.0 1.9 Current Ratio (times) 0.4 0.4 0.4 Interest Coverage (times) 16.0 15.9 15.8 Debt

31-Dec 2018 (Restated) 31-Dec 2019 Profitability Ratios Liquidity Ratios Gross profit 1 (%) 46.9% 35.6% Current ratio (times) 1.6 1.3 Operating EBITDA (%) 26.0% 15.5% Quick ratio6 (times) 1.6 1.3 Net

and Ratio As at 30 June 2019 2018 Liquidity Ratio Current Ratio (Time) 1.4 1.5 Quick Ratio (Time) 4.8 4.7 Collection Period (Day) 21.2 21.6 Stock Turnover Period (Day) 8.3 8.5 Payment Period (Day) 30.1

UE, which ws funded by a capital increase via issuance of preferred shares last quarter. The majority of assets acquired by EBT of UE was the BTS- Sansiri JV (Sansiri JV)  Net debt to equity ratio as

Company has more advertising in various media in order to publicize and promote the content, resulting in a decrease in net profit ratio (ROS) from 16.24% in 2017 to 16.00% in 2018. The total expense to

1.38 1.18 Current Ratio (times) 0.50 0.46 0.43 Interest Coverage (times) 17 14 14 Debt Service Coverage Ratio (times) 3.3 3.4 7.3 Return on Equity 83% 67% 75% Figures from P&L are annualized YTD. Debt

increase in accounts payable. Quick Ratio (x) 2.62 3.47 (0.85) Return on Equity (%) 4.27 5.83 (1.56) The decrease in 1H18 net profit. Debt-to-Equity Ratio (x) 0.10 0.09 0.01 Slightly increase from