Microsoft Word - 62-17_Eng_Explanation of the business profit for the quarter 2-2019.DOC FANCY WOOD INDUSTRIES PUBLIC CO., LTD. 357 MU 12 SOI SUKSAWAT84, SUKSAWAT RD., PRASAMUTJADEE, SAMUTPRAKARN

Microsoft Word - 61-12_Eng_Explanation of the business profit for the quarter 2-2018.DOC FANCY WOOD INDUSTRIES PUBLIC CO.,LTD. 357 MU 12 SOI SUKSAWAT84, SUKSAWAT RD., PRASAMUTJADEE, SAMUTPRAKARN

Profit Margin 51.1% 58.9% GPM before adjustment with PPA/2 51.6% 59.1% Revenue and Share of Profit Sale of Investment Properties 3,469.4 3,891.2 12.2% Revenue from Sale of Investment Properties 3,005.6

% Rental Revenue 1,118.2 1,025.3 (92.9) (8.3%) Gross Profit 672.9 485.8 (187.2) (27.8%) Gross Profit Margin 60.2% 47.4% GPM before adjustment with PPA 61.1% 47.9% Revenue from Sale of Investment Properties

before adjustment with PPA 51.5% 49.0% Revenue from Sale of Investment Properties 1,449.0 2,100.6 651.6 45.0% Gross Profit 611.1 161.5 (449.6) (73.6%) Gross Profit Margin 42.2% 7.7% GPM before adjustment

balance 0 0 0 0% 0 0 0 0% Net profit by segment 61 90 (28) -32% 125 174 (49) -8% • Declining in sales revenue of rice business is a major impact in declining in gross profit. • Due to business adjustment

Profit excluding FX impact and Extra item /3 Deferred revenue from assets monetization to WHABT in 2015 which recognized in the first quarter of 2019 as a result of accounting standard adjustment (TFRS 15

277.8 (138.9) (33.3%) Gross Profit 281.9 166.0 (115.9) (41.1%) Gross Profit Margin 67.7% 59.8% GPM before adjustment with PPA 68.8% 60.6% Rental and service income from warehouses, distribution centers

%) Gross Profit 151.3 118.4 (32.9) (21.7%) Gross Profit Margin 55.4% 48.5% GPM before adjustment with PPA 57.0% 49.2% Revenue from Sale of Investment Properties 132.1 1,449.0 1,316.9 996.9% Gross Profit 20.5

1,143.5 650.4 (493.1) (43.1%) Gross Profit Margin 67.7% 56.6% GPM before adjustment with PPA 69.0% 57.5% Revenue from Sale of Investment Properties 11,737.2 3,079.3 (8,657.8) (73.8%) Gross Profit 3,617.9