operational efficiency and cost management especially in the Outdoor media business. Consequently, the gross profit was up 34.3% from THB 442mn to THB 593mn. Gross profit margin increased from 57.2% to 60.6

% Net profit margin (%) 4.58% 3.03% 1.55% Efficiency Ratio Return on equity (%) 4.24% 3.46% 0.78% Return on assets (%) 3.46% 2.75% 0.71% Financial Policy Ratio Debt to equity ratio (Time) 0.19 0.30 (0.11

million baht 4,929 5,516 6,714 %net profit change of (%) (10.65%) (17.84%) 12.97% Net profit margin (%) 10.00% 11.77% 14.30% Net profit to total revenues (%) 9.78% 11.58% 13.99% Efficiency Ratios Return on

café, better expense management and production efficiency in Q3/2019. 9M/2019 vs 9M/20189MQ3/2019 vs Q3/2018YoY 5. Net Profit and Net Profit Margin: 4. Administrative Expenses: Q3/2019 vs Q3/2018YoY

% 27.4% Net profit margin 0.1% 13.5% Efficiency ratio 31-Mar-19 31-Mar-18 Return on equity* 1.2% 7.6% Return on asset* 2.5% 6.6% Liquidity ratio 31-Mar-19 31-Dec-18 Current ratio (time) 1.06 1.35 Leverage

June 2019 G Steel Public Company Limited Page 2/12 service provider in late year 2018 however the Company invests in fixed asset in Q3/2019 to increase raw material handling’s efficiency. In addition

– Jun’19, C-Vitt sales continued to grow and maintained market share at 22.5% further improved 558 bps YoY. This maintenance helped increasing the production efficiency and expand capacity, leading to at

of MACO. Cost-to-sales ratio, however, decreased from 41.6% to 39.0% primarily due to sales growth outpaced cost growth, improved operational efficiency and cost management especially in the Outdoor

efficiency. As a result, in the second quarter of 2018, has orders in many large projects, such as the Improved treatment system of 300 cubic meters per day project (from delivery 2 times), water system

Return on equity (%) – trailing 53.0 50.2 53.0 50.2 Return on assets (%) – trailing 16.8 17.9 16.8 17.9 Efficiency Ratios Number of days of inventory 38 40 38 38 Collection period (days) 44 45 44 53