of steel Relationship with the Company Business Partners Debt amount * 252.08 million Baht Debt to Sales ratio** 7.33% Provision for allowance for doubtful accounts 100% of outstanding balance due to

EBITDA/t (US$/t)) 122 107 91 34% 105 86 22% Net Operating Debt to Equity 0.57 0.84 0.91 (37)% 0.57 0.91 (37)% Note: (1) Consolidated financials are based upon elimination of intra-company (or intra

% 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

188 61% 1,037 853 21% Net Operating Debt to Equity (times) 0.53 0.45 0.57 (7)% 0.53 0.57 (7)% 1Consolidated financials are based upon elimination of intra-company (or intra-business segment

times its total foreign-currency-denominated debt. The Thai baht stood at 32.55 THB/USD at the end of 2018, easing by 0.75 percent from 32.31 THB/USD at the beginning of the year. On the domestic front

November 5, 2018. For the consolidated financial statements as of 3Q18, CPN recorded an increase in investment properties at THB 23,370 mn and an increase in interest-bearing debt of THB 7,849 mn based on

translation is strictly for reference. Notification of the Capital Market Supervisory Board No. Tor Jor. 10/2556 Re: Submission of the Registration Statement for an Offer for Sale of Debt Securities

times to 6.37 times because the Company has current assets and current liability, decreasing from the same period of last year. Receivable Turnover decreased from 1.23 times to 1.06 times for the second

, decreasing by 64.67 million baht or 3.57 percent because the asset value fell due to the asset depreciation and amortization. - The total liability stood at 191.09 million baht, down by 33.43 million baht or

assets and current liability, decreasing from the same period of last year. Receivable Turnover decreased from 1.20 times to 1.12 times for the third quarter of 2018 and decreased from 3.49 times to 3.24