due to the Company has adopted its functional currency to be USD since beginning of year 2019 in order to better fit the Company’s recent operation and that the impacts derived from the materials

functional drinks (+26.2 YoY). Domestic beverage continued showing strong growth at 4.6% YoY from both energy drinks and functional drinks. Speed-up health and hygiene innovations made a turnaround of domestic

in product mix and the impact derived from adoption of USD as the Company’s functional currency which in resulting of lowered cost evaluation caused from price variance during the period as compared to

). This was mainly contributed by the performance of “Fit Fast Firm” project, which drove down raw material and packaging costs (sugar, cullet, and other packaging materials), optimized product formulation

% driven by higher sales of the energy drinks especially for export markets and greater sales growth from distribution of 3rd party’s products. Note: 1/ Energy Drinks, Sport Drinks, and Functional Drinks 2

/ Energy Drinks, Sport Drinks, and Functional Drinks 2/ Drinking Water, 3-in-1 Coffee and RTD Coffee Sales of branded products by own manufacture were THB 3,713 million, up by THB 446 million or 13.6%. The

of raw materials and packaging, which partly offset the increased of excise tax. Food business Food cost of sales was maintained due to improve efficiency in restaurant operation. Selling Expenses

increased from excise tax and partly offset by cost reduction of raw materials and packaging. Food business Food cost of sales slightly increased from utilities cost in production and partly offset by cost

to 4.74% in 2019. The increase of gross profit margin was mainly due to differences in product mix and the impact derived from adoption of USD as the Company’s functional currency which in resulting of

from sales of scraps and mold supplies in 3Q18 were Baht 0.8 million and Baht 2.3 million in 9M18. Ocean Glass Public Company Limited Page 2/3 Management Discussion and Analysis Ocean Glass Public