(Unit: M. Baht)

#### 1Q 2020/21 Revenue Structure

(Unit: M. Baht)

#### Total operating revenue

-16% QoQ

-26% YoY

#### Net profit (excl. non-controlling interests)

-39% QoQ

-571% YoY

#### EBITDA

10% QoQ

-153% YoY

(Unit: M. Baht)

Consolidated (THB mn) | 1Q 2019/20 (Restated) |
2Q 2019/20 | 3Q 2019/20 | 4Q 2019/20 | 1Q 2020/21 |

Total operating revenue | 690 | 748 | 806 | 612 | 512 |

Cost of sales | 429 | 482 | 525 | 465 | 453 |

Gross profit | 261 | 265 | 281 | 147 | 58 |

EBITDA | 112 | 116 | 113 | -65 | -59 |

EBIT | 65 | 40 | 37 | -248 | -236 |

Net profit (excl. non-controlling interests) | 38 | 42 | 39 | -129 | -179 |

Total assets | 4,762 | 4,801 | 4,879 | 9,187 | 8,776 |

Total liabilities | 1,710 | 1,926 | 1,855 | 4,883 | 4,817 |

Total shareholders' equity | 3,052 | 2,875 | 3,024 | 4,304 | 3,959 |

Key Financial Ratios | 1Q 2019 (Restated) |
2Q 2019 | 3Q 2019 | 4Q 2019 | 1Q 2020 |

Profitability Ratios | |||||

Gross profit margin (%) | 37.9% | 35.5% | 34.9% | 24.0% | 11.4% |

EBITDA margin (%) | 16.2% | 15.5% | 15.5% | -10.7% | -11.5% |

EBIT margin (%) | 9.4% | 5.4% | 4.6% | -40.5% | -46.1% |

Net profit margin (%) | 5.5% | 5.6% | 4.8% | -21.0% | -35.0% |

ROE1 (%) | 10.5% | 7.3% | 6.1% | -0.2% | -6.7% |

Liquidity Ratios | |||||

Current ratio (times) | 1.5X | 1.1X | 1.3x | 0.8x | 0.8x |

Efficiency Ratios | |||||

ROA2 (%) | 9.1% | 6.5% | 5.1% | -1.5% | -6.1% |

Asset turnover (times) | 0.8X | 0.7X | 0.7x | 0.4x | 0.4x |

Leverage Ratios | |||||

Liability to equity (times) | 0.6X | 0.7X | 0.6X | 1.1X | 1.2x |

Debt to equity (times) | 0.1X | 0.2X | 0.2X | 0.3X | 0.3x |

^{1} Net Profit (Annualised) / Average Total Shareholders’ equity (average of outstanding at end of the same period in the previous year and at end of this quarter)

^{2} Net Profit (Annualised) / Average Total Assets (average of outstanding at end of the same period in the previous year and at end of this quarter)

Remark: In April 2020, MACO has changed its fiscal year to start from April to March (Previous: January to December), following to the approval of shareholders’ meeting held on 24 April 2019. Hence, the Company has changed the fiscal year of financial highlight in each quarter to 2019/20 and 2020/21.