Profit (loss) from operating activities before changes in operating assets and liabilities 84 194 -57% Profit (loss) from changes in operating assets and liabilities (60) (19) -225% Net Cash flows from

holders of the Company/ operating revenue 3 Net Profit (Annualised) / Average Total Shareholders’ equity (average of outstanding at end of the previous year and at end of this year) 4 Earnings before

2018 % Change Profit (loss) from operating activities before changes in operating assets and liabilities 155 64 92.7% Profit (loss) from changes in operating assets and liabilities 88 7 33.8% Net Cash

(average of outstanding at end of the previous year and at end of this year) 4 Earnings before interest and tax (Annualised) / Average Total Assets (average of outstanding at end of the previous year and at

from related parties (117.7) (4.6%) (172.8)1 (4.5%) (55.1) 46.8% Profit (loss) before income taxes 484.8 18.8% (327.0) (8.6%) (811.8) (167.5%) Income tax expenses (34.7) (1.3%) (139.8) (3.7%) (105.1

23.37 12.72 54.4 Profit Attributable to Owner of the Company before exchange rate 2,152.97 1,863.28 289.69 15.5 Gain (loss) on exchange rate 48.02 (762.23) 810.25 106.3 Profit Attributable to Owner of the

before Interest, Taxes, Depreciation and Amortization EDL = Electricite Du Laos EGAT = Electricity Generating Authority of Thailand ERC = Energy Regulatory Commission EPC = Engineering, Procurement and

) from operating activities before changes in operating assets and liabilities 482 704 -32% Profit (loss) from changes in operating assets and liabilities (334) (252) -33% Net Cash flows from (used in

loan and the impact of the THB appreciation to foreign currency translation of financial statements despite higher interest rates. Earnings before interest, tax, depreciation and amortization (EBITDA

Owner of the Company before exchange rate 1,660.42 1,097.85 562.57 51.2 Gain (loss) on exchange rate 200.65 (256.34) 456.99 178.3 Profit Attributable to Owner of the Company 1,861.07 841.51 1,019.56 121.2