PowerPoint Presentation After You Public Company Limited Management Discussion & Analysis YE 2020 Management Discussion & Analysis Q4/2020 Gross Profit and Gross Profit Margin • The Company’s gross

– Based on the past 3 year business performance, FKRMM has profit from motorcycle tire and tube distribution about 40,000,000 – 50,000,000 THB per year which show that FKRMM is consistently profitable

income 4.1 6.1 -32.5% Cost of sales - 159.6 - 150.9 -5.8% Selling expenses - 4.5 - 5.6 19.8% Administrative expenses - 7.2 - 6.6 -9.4% Finance costs - 3.0 - 0.7 -298.0% Profit for the period 2.4 11.9 -79.9

staff and erection staff that was not able to occupy full capacity and the expenses for the erection was higher than estimated budget. The Company recorded an impairment of inventory which was higher than

1 / 2 IR.021/2019 13 November 2019 Re: Notification of the changes of the Profit and Loss Statement To President The Stock Exchange of Thailand We, T Engineering Corporation Public Company Limited

increasing in some expenses such as maintenance. However, gross profit margin just slightly dropped to 58.17% since the company was able to save the electricity cost from stop transferring water from

sales decreased, but the company was still able to control the cost well. Gross profit margin and Net profit margin was at 53.59% and 34.10% respectively, while Return on equity (ROE) was 12.89% and

Baht or 5.72% compared to same period of 2017) due to the declining in raw water sales volume and net profit attributable to Equity holders of the parent company was 580.63 million Baht, decreased by

decrease by 75.88 million Baht or 2.47% compared to same period of 2017) due to the declining in raw water sales volume and net profit attributable to Equity holders of the parent company was 881.03 million

Proportion of assets acquired x 100 NTA of the Company = 12,203,461,532 x 4.17% x100 6,382,711,494 = 7.97% 3.2 Net Profit = % Net Profit of RAM x Proportion of assets acquired x 100 Net Profit of the Company