affect the organization’s significant impacts on the economy, environment and people Reporting on the sub-set of sustainability topics that are material for enterprise value creation Source: Adapted from

31st December (Unit: Time) 2018 2017 Current Ratio 5.86 5.90 Quick Ratio 2.81 3.08 Inventory Turnover 2.91 3.37 • Current ratio was 5.86 times, decreased from the year 2017 which was equivalent to 5.90

was driven by the outstanding profit of the Company and its subsidiary. In addition, the significant improvement of return on equity was from the decrease of shareholders’ equity as mentioned above. For

13% to 13% and 20% yoy. It was driven by the outstanding profit for the Company and its subsidiary. In addition, the significant improvement of return on equity was from the decrease of shareholders

addition, the significant improvement of return on equity was from the decrease of shareholders’ equity as mentioned above. For the financial risk perspective, despite the higher debt ratio comparing to

grill, boiler and sandwich machines, as well as preventive maintenance (PM) of the exist customers. These resulted in a significant increase in revenue in this business segment. Management's Discussion

1Q2020, overall palm oil production in both domestic and international market declined due to the significant impact of drought on agriculture. According to Department of Internal Trade, local crude palm

.  The refinery business had an Inventory Gain in the amount of THB 241 million from the average crude price level that rose in Q3/ 2018, in which there was a significant increase in September 2018 or

business segment) transactions (2) Core EBITDA is Consolidated EBITDA less In- ventory gain/(loss) whereas Core EPS is Reported EPS less Inventory gain/(loss) and onetime extraordinary items. Segments total

& Hoeglund Public Company Limited “the Company”, the management would like to discuss and analyse of the financial statements for the year 201 ended December 31, 2017 including the significant situation and