% Adjusted EBITDA(1) 217 444 -51% 310 -30% Adjusted EBITDA Margin (%) 7.7% 9.6% -1.9% 8.5% -0.8% Net Profit 22 64 -66% 171 -87% Extra item - - n.a. 272(2) n.a. Net Profit 22 64 -66% 443 -95% EPS (Baht/share
) & NRV -233 -33 606% -62 276% Adjusted EBITDA(1) 444 345 29% 449 -1% Adjusted EBITDA Margin (%) 9.6% 8.1% 1.5% 8.6% 1.0% Net Profit 64 145 -56% 251 -75% EPS (Baht/share) 0.06 0.20 -70% 0.24 -75% Note : (1
-50% 273 637 -57% EBITDA Margin (%) 1.4% 7.8% -6.4% 2.7% -1.3% 3.0% 5.1% -2.1% Stock Gain/(Loss) & NRV 13 -57 -123% -58 -122% -119 -439 -73% Adjusted EBITDA(1) 31 346 -91% 146 -79% 392 1,076 -64
Business improved from 31.6% in 1Q2017 to 35.1% in 1Q2018 mainly due to increased selling volume and ability to manage operating costs effectively. Our 1Q2018 Gross Profit was recorded at Baht 149.0 million
with higher sales. Gross profit margin as percentage of sales improved from 6.5% in Q2 2018 to 7.7% in Q2 2019 even when there was higher staff expenses to adhere to the changes in the Labor Protection
Performance Exhibit 1: Consolidated Company’s Performance comparison of 4Q2019 vs. 4Q2018 vs. 3Q2019 vs. FY2019 vs. FY2018 Note: (1) Adjusted EBITDA refers to EBITDA excluding impact of Stock Gain/(Loss) and
improvement as planned, following the improved product mix with an increased sales proportion of higher profit margin products. In 9M/2019, the Company has opened several new stores, including Index Living
Advertising, Payment and Logistics business. Acquiring industry-leading logistics capabilities through Kerry, will facilitate an improved, physically connected ecosystem that creates a better customer
631.1 million, adjusted by Foreign Exchange Gain and One-Time Loss items totalling of Baht 53.7 million. As a results, in 3Q2018, Normalized Profit attributable to Owners of the Parent was Baht 577.4
. Normalized Profit attributable to Owners of the Parent The Normalized Profit attributable to Owners of the Parent is Net Profit attributable to Owners of the Parent adjusted by Foreign Exchange Gain or Loss