203,415 200,976 1.21 Total revenues 218,153 215,527 1.22 Cost of sales 189,479 180,989 4.69 Selling and administrative expenses 19,168 19,605 (2.23) Net profit (loss) 20,349 14,385 41.46  Sales and total

quarter of 2018 continued to grow year-on-year on the back of buoyant domestic demand. Private consumption continued to gain traction, supported by improvement in income and employment. Furthermore, there

% 51.4% 58.9% Remark: * EBITDA = Earnings before Interest, Taxes, Depreciation and Amortization - Non-operating income / (expense) ** Normalized net profit = Net profit – Unrealized gain / (loss) from FX

407.7 162.3% - Share of Profit from Investments in Power Associates 27.3 419.4 392.1 1,438.1% - Unrealized Gain (Loss) from Exchange Rate 223.9 239.5 15.6 7.0% Utilities income during the first quarter of

Osotspa Public Company Limited Q3’18 and 9M18 Management Discussion & Analysis 14 November 2018 Q3’18 and 9M18 Management Discussion & Analysis Page 1/7 Financial Highlights Q3’18 profit attributable

spectrum licenses as well as lower interest- bearing debt QoQ. Average cost of borrowing stood at 3.0% per year. Profit In 1Q19, EBITDA was stable YoY at Bt18,906mn due to higher network OPEX and SG&A

share of net profit from investment by equity method and gain from currency exchange. The hotel business accounted for 86.5% of total revenue. Hotel management business accounted for 2.6%. Educational

Competitive Environment In 4Q17, the mobile competitive landscape was stable in terms of both handset campaigns and pricing. Postpaid segment continued to be a key focus with handset campaigns to gain new

% Operating Profit (Loss) 68.21 17.42% 14.66 6.74% 53.55 365.28% Finance Cost 1.93 0.49% 1.94 0.89% (0.01) -0.52% Other Revenues 1.75 0.45% 2.38 1.09% -0.63 -26.47% Unrealized gain (loss) on measuring fair

218 171 (22%) 815 550 (33%) Net profit for the period 842 706 (16%) 3,122 2,165 (31%) Earnings Per Share (Baht per share) 3.37 2.82 (16%) 12.49 8.66 (31%) 3 Sales and Revenues Structure for the 9M/2023