Increase/(Decrease) 2019 2018 Gross Profit Ratio (%) 28.29 33.88 (5.59) Operating Profit Ratio before FX (%) 26.09 26.93* (0.84) Profit Ratio before FX (%) 14.07 13.24* 0.83 Profit before FX per share (Baht

13.5% to THB 44mn • Dividend payment of 0.02 per share to be paid on 17 May 2019 KEY BUSINESS UPDATE THAILAND • MACO has completed the digital installation of its street furniture media at 23 BTS

22.0 Asset Turnover (Time) 0.4 0.5 Leverage Ratio Debt to Equity (Time) 1.6 1.0 Interest Coverage Ratio (Time) 2.4 3.0 21 ASIA’S BOUTIQUE AIRLINE Glossary Passenger or Cabin load factor : Number of

• Debt to Equity ratio2 stood at 0.80 times as of 30 September 2019, decreased from 0.94 times as at end of 2018 Changes in accounting policy and reclassification in 3Q19, during the 3-month and 9-month

% 25.5% 24.3% Adjusted net profit margin 22.5% 27.1% 28.2% 1Adjusted for share of investment in JV and associates and non-recurring expenses. 2As shown in financial statement, excluding minority interest

Clause 3 shall be deemed as have not been approved by the Shareholders Meeting. 2. Approved to propose the Shareholde 322,500,000 THB to 377,500,000THB per share, for the allotment of newly issued ordinary

approved by the Shareholders Meeting. 2. Approved to propose the Shareholders’ Meeting to approve the increase of the Company’s registered capital from 322,500,000 THB to 377,500,000THB per share, for the

) Debt Service Coverage Ratio (Times) 1.90 6.75 9) Book Value per Share (THB) 40.97 41.34 * Not included the change in lease receivable (Million THB) 1,359.51 3,654.89 Ratios 2019 2018

THB to 377,500,000THB per share, for the allotment of newly i of entire business transfer of FKRMM, and the amendment to Clause with the increase of the Company’s registered capital. T “Clause 4

1,146 -45% -17% Basic earnings per share (Baht) 1.51 1.01 0.83 Note: 1/ EBITDA from Refinery Business of the Company, BCP Trading Pte. Ltd. and Bongkot Marine Services Co., Ltd. 2/ EBITDA from Marketing