4,882.3 Earnings per Share (EPS) Baht 1.79 1.65 1.90 1.79 Total liability-to-equity ratio (D/E ratio) Times 1.31 1.43 1.57 1.79 Return on Equity (ROE) Percentage 12.10 11.03 12.55 15.247 Bangkok Commercial

% 94 -1,161 -108% EPS (Baht/share) 0.19 0.43 -56% -0.09 -311% 0.09 -1.13 -108% Methyl Ester Fatty Alcohols Global Green Chemicals Public Company Limited Management Discussion and Analysis | 5 Market

)% 11,457 10,193 12% Operating income 4,524 6,213 5,444 (17)% 19,845 11,065 79% (3) Share of profit/(loss) from JV (120) 146 (44) 170% (76) (343) (78)% (4) Extraordinary income/ (expenses) (88) (27) 2,485

2016 2015 2014 2013 2012 Value of Share (Baht) 1.00 1.00 1.00 1.00 1.00 Dividend per Share (Baht) 0.70 0.70 0.75 0.80 0.80 Total Amount (Baht) 42,000,000 42,000,000 45,000,000 48,000,000 48,000,000 Ratio

)% EBITDA 10,023 7,399 7,416 35% 33,909 24,171 40% Depreciation and amortization 3,132 2,875 2,837 10% 11,752 10,632 11% Operating income 6,891 4,524 4,579 50% 22,156 13,540 64% (3) Share of profit/(loss

11,061 9% Operating income 5,611 6,891 4,528 24% 23,240 16,565 40% (3) Share of profit/(loss) from JV (45) 47 (49) (8)% 28 (173) (4) Extraordinary income/ (expenses) 5,691 (1,371) 174 3,163% 4,205 6,339

% Operating income 5,611 6,891 4,528 24% 23,240 16,565 40% (3) Share of profit/(loss) from JV (45) 47 (49) (8)% 28 (173) (4) Extraordinary income/ (expenses) 5,691 (1,371) 174 3,163% 4,205 6,339 (34)% Net

ownership in Dusit Thani Public Company Limited, or “DTC”, or approximately 5% of the total issued and paid-up shares of DTC, at the price of 12 THB per share. As a result, CPN reported a decrease in

8,393 12,688 (32)% 40,586 42,479 (4)% Depreciation and amortization 4,309 3,986 3,218 34% 16,295 12,694 28% Operating income 4,306 4,407 9,470 (55)% 24,291 29,784 (18)% Share of profit/(loss) from JV (5

Paholyothin Road where potentially develop the Mixed-use project in the future including boost up management efficiency and reduce risks of entering the share acquisition made by others. Development and