2019 2018 YOY % Operating profit 457.27 403.89 53.38 13.22% Depreciation 124.10 100.14 23.96 23.92% Amortization 78.25 73.92 4.32 5.85% EBITDA 659.62 577.96 81.66 14.13% 2. ECONOMIC SITUATION Thai
sales and services 213.83 173.70 40.13 23% Gross profit 82.23 78.46 3.77 5% Gross profit margin 28% 31% SG&A 52.09 52.64 -0.55 -1% EBITDA 60.29 53.75 6.55 12% EBITDA margin 20% 21% Depreciation and
54.97 48.91 6.06 12% EBITDA 37.96 70.70 -32.74 -46% EBITDA margin 16% 24% Depreciation and amortization 30.28 31.94 -1.65 -5% EBIT 7.68 38.77 -31.09 -80% Finance cost -6.96 -5.22 1.74 33% Income tax
* (%) 23% 29% 28% (1%) 5% 22% 28% 6% Net profit margin (%) 15% 16% 16% (0%) 1% 14% 16% 2% * Exclude costs of depreciation and amortization 1 Management Discussion & Analysis Management Discussion & Analysis
approximately 4-6 months for customers’ awareness and regular use of service which causes income to reach the Company’s standard. Therefore, depreciation cost rises over an income at the beginning period of kiosk
% 31% SG&A 51.73 44.75 6.98 16% EBITDA 67.69 50.15 17.54 35% EBITDA margin 23% 22% Depreciation and amortization 31.94 21.36 10.58 50% EBIT 35.76 28.79 6.97 24% Finance cost -5.22 -0.73 4.49 611% Income
Ended 30 September 2017 2018 THB mm % THB mm % THB mm % Raw material and packaging 119.21 85.73 77.35 79.17 (41.86) (35.11) Labor costs 12.28 8.83 8.99 9.20 (3.29) (26.79) Depreciation costs 3.76 2.70
52.39 22.46 43% Gross profit margin 25% 26% SG&A 54.22 41.26 12.96 31% EBITDA 54.21 33.70 20.51 61% EBITDA margin 18% 17% Depreciation and amortization 32.48 20.43 12.05 59% EBIT 22.28 12.35 9.93 80
equipment and security services, costs for development of renewable energy projects overseas, land rental costs for solar power plant projects serving the customer in Thailand, and depreciation costs related