increased to 19.9% from 15.6% in Q4/2017 but reduced from 22.2% in Q3/2018. Higher selling expenses to sales YoY was mainly due to multiple new products launch since late Q3/2018, e.g. Carbonated Fizza Salty

PowerPoint Presentation 1 CLIMATE EMERGENCY NATURE IN CRISIS MOUNTING INEQUALITY A SIMPLIFIED SUSTAINABILITY FOCUS     2  1.5 (Challenging on 2DS (2 degree scenario) target  Best target for

demand and supply. Moreover, the Group benefit from reduction in sugar price and excise tax and the company no longer hire 3rd party to fill the non-carbonated energy drink products in can format since

-carbonated energy drink products in can format since August 2017. From the reason mentioned above, combined gross profit margin of energy drink in bottle format and sport drink was at 36.5% slightly increased

-carbonated energy drink products in can format since August 2017. From the reason mentioned above, combined gross profit margin of energy drink in bottle format and sport drink was at 36.5% slightly increased

future. Business wise H1 2019 was challenging particularly in the most recent quarter. Business sentiment in multiple industrial segments important to us has been impacted by the macro economy and the

1,694.9 1,520.4 Net Profit 2,544.5 3,038.7 -16.3% 2,240.1 +35.7% 17.9% 22.0% 18.0% The year 2017 was another challenging year for KCE when construction of the new Lat Krabang factory was completed, and

, respectively. The rise was mainly driven by growth from overseas business and also domestic sales of a new product, carbonated canned green apple flavored Carabao in 180ml (“Carabao Green Apple”), launched

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

the reduction in sugar price and related excise tax as well as costs relating to outsource of non-carbonated energy drink production since August 2017. As mentioned above, gross profit margin of