debt to equity ratio was 0.42 time and the consolidated net debt to equity ratio was considerably low at 0.27 time. Financial Highlights 1Q 2018 1Q 2017 Change THB million % Sales THB million % Sales THB

Group, as at June 30, 2019, the consolidated debt to equity ratio was 0.42 time and the consolidated net debt to equity ratio was considerably low at 0.26 time. Overall Financial Performance and

and the consolidated net debt to equity ratio was considerably low at 0.25 time. GFPT Public Company Limited Interim Management Discussion and Analysis for the 3rd Quarter 2019 Page 2 of 13 Overall

, as at March 31, 2019, the consolidated debt to equity ratio was 0.43 time and the consolidated net debt to equity ratio was considerably low at 0.26 time. Overall Financial Performance and

EPS of THB 0. 26 per share, or 42.48% up from 1Q2019. For capital structure of the Group, as at March 31, 2020, the consolidated debt to equity ratio was 0.40 time and the consolidated net debt to

the terms and conditions;      (2) A waiver of the obligation to maintain the net debt-to-equity ratio throughout the term of the bonds;      (3) A waiver of the terms and conditions to allow the

ถึงกำหนดชำระโดยพลันสำหรับหุ้นกู้ SABUY263A    (1) ขอยกเลิกหน้าที่ในการดำรงอัตราส่วน “หนี้สินสุทธิต่อส่วนของผู้ถือหุ้น” (net debt-to-equity ratio) ตลอดอายุของหุ้นกู้    (2) ขอผ่อนผันข้อกำหนดสิทธิให้ผู้

% Core EBITDA/ton ($) 102 113 140 (27%) 128 120 7% Operating Cash Flow5 261 250 241 8% 1,010 872 16% Net Debt to Equity (times) 0.92 0.87 0.61 51% 0.92 0.61 51% 1Consolidated financials are based upon

)% 4.12 3.26 26% Core EBITDA/ton ($) 102 113 140 (27%) 128 120 7% Operating Cash Flow5 261 250 241 8% 1,010 872 16% Net Debt to Equity (times) 0.92 0.87 0.61 51% 0.92 0.61 51% 1Consolidated financials are

% Core EPS after PERP Interest (THB) 0.85 0.67 1.31 (35)% 3.67 3.86 (5)% Core EBITDA/ton ($) 115 102 153 (25)% 119 132 (10)% Operating Cash Flow5 385 261 222 73% 1,172 855 37% Net Debt to Equity (times