ratio was at 0.36x, lower than the previous year of 0.39x. AIS maintained a strong financial position with low net debt to EBITDA of 0.8x and a decent interest coverage ratio of 16x. Asset turnover

financing cost at the end of 2019 stood at 2.91% Net debt to equity ratio stood at 0.37x Capital Structure As of December 31, 2019, the Company reported total interest-bearing debt of THB 33,210 mn, an

Total 81,492 Total 81,492 Financial Position (Bt mn/% to total asset) 4Q17 4Q18 Key Financial Ratio 4Q17 3Q18 4Q18 Cash 10,650 3.7% 9,067 3.1% Interest-bearing debt to equity (times) 2.2 2.2 1.9 ST

, showing strong liquidity position and financial stability. Debt to equity ratio was at 0.4 times. 2,819 3,149 1,965 99 (1,734) Beginning cash and cash equivalents (31 Dec 2019) Net cash from operating

IPO proceeds. Debt to equity ratio was at 0.3 times. 4,486 4,486 6,754 3,559 3,559 2,943 (675) (3,195) Beginning cash and cash equivalents (31 Dec 2018) Net cash used in operating activities Net cash

850.53 -122.76 -12.61 244.40 212.60 222.62 10.015 4.71 -21.785 -8.91 Cost of Goods Sold 802.29 699.195 -103.095 -12.85 200.32 174.14 174.925 0.785 0.45 -25.395 -12.68 Cost of Sales to Revenue Ratio

. Quick Ratio (x) 3.97 5.10 (1.13) Return on Equity (%) 12.70 14.53 (1.83) The lower ROE was a result of lower net profit for 1H17. Debt-to-Equity Ratio (x) 0.08 0.09 (0.01) The lower D/E ratio was a result

payment and net profit(loss) during the year. Financial Ratio Financial Ratio As of December 31, 2019 As of September 30, 2020 Liquidity Ratio (times) 23.97 20.92 Debt to Equity Ratio (times) 0.04 0.07

l ine (US$ bil l ions) 1.4 1.3 Financial Ratios Current ratios (times) 1.3 1.3 Debt Servicing Coverage Ratio (DSCR) times 2.5 2.9 Interest coverage ratio (times) 8.3 6.7 Note (1) Net debt after debt

, nor maintaining financial ratios (Debt Covenant) of financial institutions or bill of exchanges. The Company has current total debt to equity ratio of 0.1 times, and have closely and cautiously manages