service 332,244 323,393 8,851 2.7 325,730 313,043 12,687 4.1 Gross profit 111,004 94,224 16,780 17.8 108,347 91,490 16,857 18.4 Other income 3,625 2,539 1,086 42.8 4,675 2,858 1,817 63.6 Profit before

Expenses (130.8) (152.9) -14.5% Finance Costs (366.6) (459.9) -20.3% Share of Profit from Investments in Associates and Joint Ventures 2,047.4 1,936.1 5.7% Income Tax (Expense) Income (49.1) (18.2) 170.4

service income 10,257 8,156 25.8% 9,933 3.3% EBITDA 2,413 2,218 8.8% 2,202 9.6% Net profit 835 1,203 -30.6% 280 198.2% Net profit - Owner of the parent 532 723 -26.4% 130 309.2% Normalized net profit (NNP

methods, its presentation may not be comparable to similarly titled measures used by other companies. 8 ASIA’S BOUTIQUE AIRLINE Operating Profit and Net Income The operating revenue of the Company for the

15.3% Administrative Expenses (34.5) (8.4) 308.8% Finance Costs (76.9) (93.7) -17.9% Share of Profit from Investments in Associates and Joint Ventures 339.2 659.2 -48.5% Income Tax Expense (6.3) (6.8

profit 20.62 24.02 3.40 16.48% 77.04 50.37 (26.66) -34.61% Other income 0.31 0.34 0.04 12.27% 1.60 0.89 (0.70) -43.94% Services expenses (1.31) (1.27) 0.04 -3.11% (3.84) (3.62) 0.22 -5.78% Administrative

1.44 1.66 -0.22 -13.3% Income tax expenses -67.95 -54.32 -13.63 25.1% Net profit 270.07 218.99 51.08 23.3% Minority interest in subsidiary -61.88 -42.43 -19.45 45.8% Net profit of the Company 208.19

in associate 2.14 1.44 0.70 48.6% Income tax expenses -49.39 -67.95 18.56 -27.3% Net profit 200.70 270.07 -69.37 -25.7% Minority interest in subsidiary -57.11 -61.89 4.78 -7.7% Net profit of the

Management Discussion and Analysis for the year 2021 4 Core Operating Profit (defined as Earnings before Interests and Taxes exclude interest income, gain (loss) on exchange rate and other irregular items) for

Socatiyanurak, SEC Secretary-General said that ?The SEC ordered RICHY to amend information in the registration statement by making comparison of the price-earnings (P/E) ratios of the company with the industry