SAFE Cash Flow Statement

Financials in millions THB. Fiscal year is January - December.

Millions THB. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun '24 Jun 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019
Net Income	227	201.83	161.91	78.23	42.16	248.26
Depreciation & Amortization	59.02	57.5	63.14	75.08	82.93	52.11
Other Amortization	1.41	1.41	1.29	1.45	1.54	1.54
Loss (Gain) From Sale of Assets	-0.03	-0.01	-0	0.3	-0.08	0.02
Asset Writedown & Restructuring Costs	0.02	0.01	0.03	0.76	0.77	2.06
Loss (Gain) From Sale of Investments	-4.45	-3.37	-0.75	-0.85	-1.92	-
Provision & Write-off of Bad Debts	-0.74	-0	-0.34	0.71	0.01	2.11
Other Operating Activities	0.13	3.51	9.01	11.88	-19.66	-11.58
Change in Accounts Receivable	-6.01	-3.09	-8.49	3.3	2.48	3.43
Change in Inventory	19.41	-16.51	-14.56	-6.89	16.91	-4.38
Change in Accounts Payable	-30.57	8.53	2.56	9.52	-32.07	-1.26
Change in Other Net Operating Assets	0.5	2.95	-2.43	-1.68	-2.75	0.19
Operating Cash Flow	265.69	252.76	211.36	171.82	90.31	292.5
Operating Cash Flow Growth	16.00%	19.59%	23.01%	90.25%	-69.12%	-
Capital Expenditures	-46.34	-32.93	-33.82	-13.46	-29.11	-141.7
Sale of Property, Plant & Equipment	0.03	0.01	0.01	0.31	0.08	0.01
Sale (Purchase) of Intangibles	-3.24	-2.66	-1.54	-	-	-0.3
Investment in Securities	-	-	75.42	-	0.85	-300
Other Investing Activities	-27.51	-43.61	-1.55	-0.21	1.63	4.28
Investing Cash Flow	-77.07	-79.18	38.52	-13.35	-26.55	-437.72
Long-Term Debt Repaid	-	-13.68	-14.39	-13.57	-12.72	-11.9
Net Debt Issued (Repaid)	-21.54	-13.68	-14.39	-13.57	-12.72	-11.9
Issuance of Common Stock	502.9	557.9	-	-	-	914.04
Common Dividends Paid	-125.39	-293.55	-55.8	-66.15	-215.1	-348
Other Financing Activities	-10.02	-23.89	3.05	-3.2	-3.5	-0.47
Financing Cash Flow	345.96	226.78	-67.14	-82.91	-231.32	553.68
Net Cash Flow	534.58	400.36	182.74	75.55	-167.56	408.46
Free Cash Flow	219.35	219.83	177.54	158.36	61.21	150.8
Free Cash Flow Growth	10.24%	23.82%	12.11%	158.73%	-59.41%	-
Free Cash Flow Margin	24.16%	25.90%	24.43%	28.29%	11.65%	15.92%
Free Cash Flow Per Share	0.74	0.84	0.79	0.70	0.27	0.84
Cash Interest Paid	2.97	2.84	2.95	3.19	3.5	0.47
Cash Income Tax Paid	48.39	44.82	35.81	13.39	34.99	75.34
Levered Free Cash Flow	154.55	171.86	140.57	124.81	56.75	-
Unlevered Free Cash Flow	156.83	174.01	142.73	127	59.06	-
Change in Net Working Capital	19.25	0.84	13.66	-0.78	29.27	-

Source: S&P Capital IQ. Standard template. Financial Sources.