purchase on new acquisitions and their related transaction costs, pre-operative expenses. (5) Interest net of tax on THB 15 billion Perpetual Debentures issued in October 2014 (6) M&A earnings annualized in

net of tax on THB 15 billion Perpetual Debentures issued in October 201 (6) M&A earnings annualized in ROCE% calculation to present the ratio appropriately and historical are restated accordingly. ROCE

on THB 15 billion Perpetual Debentures issued in October 201 (6) M&A earnings annualized in ROCE% calculation to present the ratio appropriately and historical are restated accordingly. ROCE

acquisitions and their related transaction costs and pre- operative expenses 4 Interest net of tax on THB 15 billion Perpetual Debentures 5 M&A earnings are annualized for ROCE calculation to appropriately

bargain purchase on new acquisitions and their related transaction costs and pre- operative expenses 4 Interest net of tax on THB 15 billion Perpetual Debentures 5 M&A earnings are annualized for ROCE

acquisitions and their related transaction costs and pre-operative expenses 4 Interest net of tax on THB 15 billion Perpetual Debentures 5 M&A earnings are annualized for ROCE calculation to appropriately

expenses 4 Interest net of tax on THB 15 billion Perpetual Debentures 5 M&A earnings are annualized for ROCE calculation to appropriately represent the ratio based on restated historical numbers. ROCE

Perpetual Debentures 5 M&A earnings are annualized for ROCE calculation to appropriately represent the ratio based on restated historical numbers. ROCE calculation is based on THB currency which may not match

After Strategic Spending 60 191 (1,858) Net financial costs3 (40) (73) (75) Dividends and PERP interest (9) (39) (7) Proceed from perpetual debentures - 0 22 (Increase)/Decrease in Net Debt on cash basis2

ไถ่ถอนเมื่อมีการเลิกกิจการ (perpetual bond) หรือหุ้นกู้มีประกัน ต้องปฏิบัติให้เป็นไปตามหลักเกณฑ์ที่กำหนดไว้ในข้อ 15 ข้อ 16 และข้อ 17 แล้วแต่กรณีด้วย