THB) 1,927 3,044 6) EBITDA to Total Assets (%) 1.84 3.01 7) Debt to Equity Ratio (Times) 0.78 0.66 8) Debt Service Coverage Ratio (Times) 4.12 0.75 9) Book Value per Share (THB) 40.77 41.11 * Not

** (%) 10.77 10.79 4) Return on Assets ** (%) 8.41 8.53 5) EBITDA * (Million Baht) 2,340 2,611 6) EBITDA to Total Assets (%) 2.39 2.53 7) Debt to Equity Ratio (Times) 0.65 0.72 8) Debt Service Coverage Ratio

are under construction. Debt to Equity ratio for the year ended 31 December 2017 and 2016 was 0. 8 time and 0. 4 time, respectively, this result was due to the increasing of loan from financial

) Profit before FX per share (Baht) 5.25 4.35 0.90 Leverage Ratio and Liquidity Ratio Quarter 2 Quarter 1 Change Increase/(Decrease) 2019 2019 Debt to equity ratio (Time) - Consolidated 1.03 1.11 (0.08

Liquidity Ratio Quarter 3 2020 Quarter 2 2020 Increase/(Decrease) Debt to equity ratio (Time) - Consolidated 1.13 1.19 (0.06) - Company 0.67 0.67 - Book value per share (Baht) - Consolidated 193.42 186.06

value of the foreign currency debt is lowered when converted back to Thai Baht. Performance comparison between Q2/ 2019 and Q1/ 2019 power plant business recorded an increase in revenue by THB 40 million

components of equity according to new financial reporting standards –TFRS9. • As a result of the foregoing, net interest-bearing debt to equity ratio increased from 1.0 times as of December 31, 2019 to 1.1

financial strength of the Company as debt to equity ratio improves which is beneficial to the Company and shareholders. 5. Warranty of Directors The Board of Directors certifies that the Board of Directors

September 30, 2018, the Company’ s interest-bearing debt to equity ratio was merely 0.002 times, and its debt to equity ratio was 0.04 times. Please be informed accordingly. Very truly yours, Supamas

applying for credit facilities from financial institutions for use as its working capital for business operations. As of September 30, 2018, the Company’ s interest-bearing debt to equity ratio was merely