SN.LK.63.08.0001 August 7, 2020 Subject: Management Discussion and Analysis Quarter 2 ending June 30, 2020 Attention: The President The Stock Exchange of Thailand Indara Insurance Public Company
both secure and unsecure debt in 1st quarter of 2018 and excess of acquisition cost over estimated value of interest acquired in net assets of a subsidiary (JP Insurance). Liabilities and Shareholder’s
banking and insurance sector began to bring technology into the business operations resulting in a significant increase in revenue compared with the previous year. Revenue from Software Subscription and the
discharge & complaint SW income for THB 3.7 million. Without this adjustment, administrative expenses would have been decreased by 4%. Earnings before interest, taxes and depreciation (“EBITDA”) EBITDA (not
from collection of purchased accounts receivable 341.0 85.2% 419.0 76.6% 78.0 22.9% Insurance Income 0 0.0% 37.2 6.8% 37.2 100.0% Interest income and related income 0.5 0.1% 0.5 0.1% 0 0.0% Total
47.5% 26.4 7.9% Gain on loans receivable from purchase of accounts receivable 88.3 16.0% 232.8 30.5% 144.5 163.6% Insurance Income 37.3 6.8% 71.4 9.3% 34.1 91.4% Total Revenues 552.4 100.0% 764.4 100.0
forward contracts and insurance claim income. ChangeConsolidated financial statements Q1-2020Q1-2021 *Extraordinary items from non-operating, consists of unrealized gain (loss) on exchange rate of
in industry situation, the company still maintained the market leader position and partly from the fire incident at UHT production line, which was fully covered by insurance for properties damaged and
% Gains on loans receivable from purchase of account receivables 269.6 14.4% 655.7 26.0% 386.1 143.2% Insurance Income 98.3 5.3% 210.6 8.3% 112.3 114.2% Total Revenues 1,868.70 100.0% 2,524.60 100.0% 655.9
integration of acquired businesses, the start of earning recovery in our high-volume Necessities business and our stable but higher-margin HVA business. We delivered record earnings and cash flows and expect