Osotspa Public Company Limited Q1’19 Management Discussion & Analysis 14 May 2019 Q1’19 Management Discussion & Analysis Page 1/6 Financial Highlights - Q1’19 Net profit* was at THB 888 million

follows. The net profit of the Corporate Group for Year 2019 was Baht 571.54 million. In comparison with the previous year with the net profit of Baht 422.85 million, the net profit increased by Baht 148.69

follows. The net profit of the Corporate Group for Year 2017 was Baht 411.61 million. In comparison with the previous year with the net profit of Baht 392.03 million, the net profit increased by Baht 19.58

quarter ending March 31, 2019 as follows. The net profit of the Corporate Group for the 1st quarter 2019 was Baht 211.93 million. In comparison with the same period of previous year with the net profit of

. This was because stock dividend in 2017 and net profit increase from operation. The Company’s Debt to Equity Ratio stood at 2.53 times increase from 2016 which was 2.26 times. For the Company’s Interest

on loans and debt securities 1,245,495 763,224 482,271 63.2 Profit from operating before income tax expenses 7,387,115 6,956,258 430,857 6.2 Income tax expenses 1,342,829 1,190,205 152,624 12.8 Net

level of household debt while inflation remains at a low level. Other key risks that need to be monitored are the slowdown in global economy especially the Chinese economy, lower than expected growth in

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

% Administrative expenses 41.64 47.84 -13% EBITDA 140.29 96.18 46% % EBITDA 31% 25% 6% Other income /(expenses) 104.78 9.48 1005% Financing cost 2.61 0.30 767% Corporate Tax 44.31 17.82 149% Net profit 176.67 69.08

period ended Q2/2020, the figure is shown in foreign exchange gains. As a result, total administrative expenses show a net amount of THB 2.6 MB when analyzing regular administrative expenses each quarter