information in the consolidated financial statements. 5 Financial Ratios Gross Profit margin = Gross Profit (Total Sales – Costs of Sales) to Sales Net Profit margin = Net Profit to Total Revenues Debt to

– Costs of Sales) to Sales Net Profit margin = Net Profit to Total Revenues Debt to Equity = Total Liabilities to Total Equity Return on Assets (ROA) = Profit before financial costs and income tax to

Profit to Total Revenues Debt to Equity = Total Liabilities to Total Equity Return on Assets (ROA) = Profit before financial costs and income tax to average Total Assets Return on Equity (ROE) = Net Profit

(26%) Operating Cash Flow5 405 385 276 47% 1,301 955 36% Net Debt to Equity (times) 0.92 0.94 0.71 29% 0.92 0.87 6% *The total amount of IRSL was excluded from Core Financials 2Q19, but was consolidated

. Core Net Profit is the Reported Net Profit less extraordinary items less tax adjusted inventory gain/loss. Net Operating Debt is Net Debt (total debt less cash and current investments) less cash outflow

the cost of sales. Core Net Profit is the Reported Net Profit less extraordinary items less tax adjusted inventory gain/loss. Net Operating Debt is Net Debt (total debt less cash and current investments

inventory gain/loss. Net Operating Debt is Net Debt (total debt less cash and current investments) less cash outflow for the various projects underway which are not yet completed and have not yet started

53.7 Debt Service Coverage 673.5 10.1 Total Debt to Equity 0.2 0.3 * calculated by using earnings of current quarter to be estimated for annual earnings ** based on only cost of medicine & medical

Leverage Ratios (x) Interest Coverage 3,638.7 89.7 Debt Service Coverage 554.5 23.2 Total Debt to Equity 0.2 0.3 * calculated by using earnings of current quarter to be estimated for annual earnings ** based

) Interest Coverage 269.3 29.2 Debt Service Coverage 222.7 5.0 Total Debt to Equity 0.2 0.5 * calculated by using earnings of current quarter to be estimated for annual earnings ** based on only cost of