% Normalized net profit (Bt mn) 1Q16 4Q16 1Q17 %YoY %QoQ Net profit for the period 8,073 6,468 7,693 -4.7% 19% Recognition of USO fee (after tax) 1,767 - - - - Recognition of deferred tax assets (919

21,135 19,305 6.8% -8.7% 73,792 78,463 6.3% EBITDA margin (%) 40.5% 46.5% 39.0% 43.4% 42.8% Normalized profitability (Bt mn) Pre-TFRS 15 4Q18 3Q19 4Q19 %YoY %QoQ FY18 FY19 %YoY EBITDA 18,071 21,135 19,305

million due to restructured Food Business of Central Kitchen for increasing efficiency in operation’s management. Net Profit (Loss) Net profit excluded non-recurring items (Normalized profit) in the fiscal

% Operating Information EBITDA 10,233 16.1% 6,334 11.8% 3,900 61.6% Normalized EBITDA(5) 6,608 10.4% 6,608 12.4% 0 0.0% Normalized Net Income(5)(6) 2,943 4.6% 2,558 4.8% 386 15.1% SSSG of Fashion segment -2.5

รดาํเนินงานในรายละเอยีดงัต่อไปน้ี สาํหรบัปี 2562 บริษทัฯ มีกาํไรสุทธิ เท่ากบั 3,229.3 เพ่ิมขึน้ 11.1% จากปี 2561 โดยเป็นการเติบโตของกาํไรสุทธิ จากการดาํเนินงานปกติ (Normalized Net Income) 21.1% เทียบ

3.4% (4,287) (242.5%) Profit (loss) for the period attributable to Owners (2,590) -6.3% 1,342 2.6% (3,933) (293.0%) Operating information EBITDA 1,284 3.1% 5,061 9.6% (3,777) (74.6%) Normalized EBITDA

3.1% (789) -47.6% Profit (loss) for the period attributable to Owners 837 1.8% 1,385 2.6% (548) -39.5% Operating information EBITDA 6,145 12.9% 4,928 9.2% 1,217 24.7% Normalized EBITDA Excl. TFRS 9&16

and 3) solar projects in Vietnam which give relatively higher EBITDA margin. Normalized net profit (NNP) • NNP / NNP - owner of the parent increased 20.8% / 17.3% y-on-y in 2019 to Baht 3,658 million

seasonal impacts from the peak in Q4. Normalized net profit (NNP) • NNP decreased 17.2% y-on-y / NNP attributable to owner of the parent decreased 13.5% y-on-y from Baht 830 million in Q1’2018 to Baht 687

softened y-on-y from an increase in gas cost per unit by 13.8% for 6M’2019 and 9.4% for Q2’2019 but the lag time adjustment of Ft charge. Normalized net profit (NNP) • NNP / NNP - owner of the parent in