higher demand from Cambodia and Myanmar. The Company’s sales to Myanmar and Cambodia hit a record high in 3Q19 and 4Q19 respectively. As to leverage the leading position in Cambodia, carbonated Carabao

days (days) 100.8 149.1 Efficiency Ratios Leverage Ratios Return on assets4 (%) 12.2% 8.5% Liability to Equity7 (times) 1.6 1.5 Return on fixed assets5 (%) 75.8% 60.1% Debt to equity8 (times) 1.0 0.9

(%) 32.89 32.49 0.40 Profit Ratio before FX (%) 18.12 15.77 2.35 Profit before FX per share (Baht) 5.88 4.05 1.83 Leverage Ratio and Liquidity Ratio Quarter 2 Quarter 1 Change Increase/(Decrease) 2017 2017

Ratio 0.43 0.27 0.43 0.27 Leverage (Net Debt/EBITDA) 7.35 3.20 1.78 1.02 Note: Net Debt = Interest bearing liabilities – cash and cash equivalents Mr. Geza Perlaki Mr. Timothé Arthur Maria Van Den Bossche

ratio 9M17 2016 Current ratio (time) 0.96 1.12 Leverage ratio 9M17 2016 Interest bearing debt to equity (time) 0.39 0.37 Net debt to equity (time) 0.90 0.80 9M17 9M16 Interest coverage ratio (time) 9.13

segments while leverage synergies from acquisition. With CSL combined, in 2018, service revenue (excluding IC), is expected to grow in a range of 7-8%, 2% of which is from full consolidation of CSL. Through

) 2.4 3.1 Net profit (after MI) 2 (%) 13.9% 23.7% Average collection period7 (days) 77 69 Return on equity3 (%) 11.1% 17.4% Payable days (days) 124 145 Efficiency Ratios Leverage Ratios Return on assets4

) 4.9 4.3 Net profit (excl. NCI) (%) 16.3% 18.5% Average collection period (days) 74.6 84.3 Return on equity* (%) 40.3% 24.2% Payable days (days) 100.8 96.3 Efficiency Ratios Leverage Ratios Return on

Current ratio (time) 1.26 1.13 0.13 Leverage ratio Interest bearing debt to equity (time) 0.35 0.37 (0.02) Net debt to equity (time) 0.85 0.80 0.05 Interest coverage ratio (time) 14.51 14.66 (0.14) 2018

revenue from sales / Number of days in the period 1 ) Accounts payable days = Ending account payables / (Cost of sales of goods / Number of days in the period 1 ) Leverage Ratios Debt to equity (times