expenses (21,310) (23,658) 2,348 (9.9) (31,110) (26,080) (5,030) 19.3 Profit for the year 84,318 88,837 (4,519) (5.1) 111,074 103,007 8,067 7.8 Other comprehensive income Actuarial loss-net of income tax

expenses (21,310) (23,658) (2,348) (9.9) (31,110) (26,080) (5,030) 19.3 Profit for the year 84,318 88,837 (4,519) (5.1) 111,074 103,007 8,067 7.8 Other comprehensive income Actuarial loss-net of income tax

Osotspa Public Company Limited Q3’19 and 9M’19 Management Discussion & Analysis 13 November 2019 Q3’19 and 9M’19 Management Discussion & Analysis Page 1/6 Financial Highlights - Overall Q3’19 Net

23.6% YoY to THB 343mn  Full-quarter recognition of ‘International Advertising’  Recognised net loss from non-recurring expenses of THB 180mn from impairment of assets, loss on disposal/ write-off of

for the period 16,889 29,536 20,538 (3,649) (17.8) Gross profit margin 22.6% 22.6% 22.4% 0.2% - Basic earnings per share (Baht/share) 0.04 0.07 0.05 (0.01) (17.8) Net profit margin 4.0% 7.3% 5.5% -1.5

expenses 6.73 0.30% 4.88 0.27% 1.85 37.91 Share of losses from associates 0.27 0.01% 0.00 0.00% 0.27 100.00 Income tax 20.77 0.94% 26.23 1.43% -5.46 -20.82 Net profit 43.95 1.98% 113.72 6.21% -69.77 -61.35

financial 3.96 0.61% 2.29 0.48% 1.67 72.88 Expenses of tax income 6.68 1.03% 4.21 0.88% 2.47 58.50 Net income 44.98 6.96% 9.08 1.89% 35.90 395.24 Profit sharing Attributed to the shareholders of the Company

public and private sectors. The presentation emphasized fostering collaboration to reduce greenhouse gas emissions, supporting sustainable growth in climate-friendly societies, and progressing towards net

guidance of low single-digit decline YoY, with a margin of 45.4% increased by 50bps compare to 9M19. Net profit (Pre-TFRS 16) decreased by -13%YoY from network investment, spectrum acquisition as well as

fixed-speed unlimited plans offset by a net addition of 456k. With continued expansion of 4G capacity and FBB network, cost of service was Bt20,752mn, slightly increased 1.8% YoY and flat QoQ. This was