Equity Yours faithfully, Mr. Hiroaki Sano Managing Director Financial Ratios Q2 2018 Q2 2017 Gross profit margin 19.2% 20.1% Net profit margin 12.0% 8.4% Debt to Equity ratio 0.11 0.14 Earnings per share

average Total Equity Yours faithfully, Mr. Hiroaki Sano Managing Director Financial Ratios Q3 2018 Q3 2017 Gross profit margin 20.2% 17.7% Net profit margin 11.9% 7.4% Debt to Equity ratio 0.14 0.12

% 11.9% Debt to Equity ratio 0.09 0.14 Earnings per share 0.90 0.53 ROA 19.6% 12.9% ROE 21.4% 13.5% Gross profit margin = Gross Profit (Total Sales – Costs of Sales) to Sales Net profit margin = Net Profit

margin 25.3% 18.1% Net profit margin 17.6% 11.9% Debt to Equity ratio 0.17 0.10 Earnings per share 0.66 0.46 ROA 13.1% 11.0% ROE 14.0% 10.9% Gross profit margin = Gross Profit (Total Sales – Costs of Sales

V3 12/05/63 0 V3 12/05/63 1 Management Discussion and Analysis Overview of the Economy and Banking Industry Thai Economy in the First Quarter of 2020 The Thai economy in the first quarter of 2020

Group, as at June 30, 2019, the consolidated debt to equity ratio was 0.42 time and the consolidated net debt to equity ratio was considerably low at 0.26 time. Overall Financial Performance and

, the consolidated current ratio was 1.68 times, the net debt to equity ratio was low at 0.30 time. GFPT Public Company Limited Interim Management Discussion and Analysis for the 2nd Quarter 2018 Page 9

. 61% down from 3Q2017. For capital structure of the Group, as at September 30, 2018, the consolidated debt to equity ratio was 0. 43 time and the consolidated net debt to equity ratio was considerably

and the consolidated net debt to equity ratio was considerably low at 0.25 time. GFPT Public Company Limited Interim Management Discussion and Analysis for the 3rd Quarter 2019 Page 2 of 13 Overall

services revenue (%) 31.18% 30.84% Performance Ratio Return on Equity (ROE) (%) 10.75% 11.18% Return on Assets (ROA) (%) 5.80% 5.91% Capital Structure and Debt Ratio Debt to Equity ratio (time) 0.83 0.84