temporarily leave without pay. In Q1/2020, After You introduced and piloted new coffee stands under the brand “Mikka” in 3 locations - Pattanakarn 25, Sathorn, and Lalaisap Market, and, in Q2/2020 the Company
decreased by 1.8% from 1H/2020 due to the reduction in the proportion of in-store sales and sales of raw materials to Mikka franchisee which has lower margin than normal product sales • The Company’s EBITDA
a result of the relaxation of COVID-19 control measures. In addition, the Company achieved higher sales of raw material to Mikka Café franchise. R E V E N U E : • The Company’s gross profit in Q1/2022
costs. The new concept for expansion is to group the stores of existing brands together, including the dessert café store “After You”, the coffee shop “Mikka Café, and the fruit shop “Luggaw” together
่ำกว่ำ เนื่องจำกมีค่ำใช้จ่ำยที่เกี่ยวข้องกับบรรจุภัณฑ์ทีเ่พิ่มขึ้น นอกจำกนี้ บริษัทฯ มีกำรขำยวัตถุดิบ ให้กับแฟรนไชส์มิกก้ำ (Mikka Cafe) เพิ่มขึ้น ซ่ึงมีอัตรำก ำไรข้ันต้นที่ต ่ำกว่ำ • EBITDA ของบริษัทฯ ในไต
”, with 10 branches in Bangkok and 1 branch in Udon Thani. Mikka has recently became the main focus among the coffee shop franchise business. After the performance in the past year has been highly
across 10 company-owned outlets under “Mikka” brand • Sale of raw materials to Mikka Café franchisees in Thailand and After You Dessert Café in Hong Kong. • OEM/Food Manufacturing under the Company’s
1EBITDA Margin and Net Profit Margin are calculated from Total Revenue Financial Performance Management Discussion & Analysis Q1/2023 Executive Summary Significant Events Expansion of “Luggaw” and Mikka
positive response from the opening of ‘Mikka’ coffee shop. The Company soon realized that Mikka was able to respond to the new normal as consumers are less likely to eat in restaurant and consumers are
Event 228.1 283.1 319.3 350.9 381.2 412.4 2020 2021 2022 2023 2024 2025 Focus on Expanding Luggaw and Mikka Cafe The Company plans to open additional branches totaling 5-7 branches by 2024. In Q1/2024