performance as forecasted. In 2Q18 Dusit Thani PCL (“the Company”) reported total revenue of THB 1,125 million, up 3.9% yoy. This growth was driven by the growth in Other Businesses offsetting a slight decrease

% 19.9 19.9 4Q2019- 2Q2020 CCE Waste to Energy VSPP 33.33 8.6 2.9 4Q2019 Total 28.5 22.8 OVERALL PERFORMANCE Operating Expense  Administrative Expenses increased from Baht 37.5 million in 3Q2018 to Baht

) 944.96 7.35 794.37 6.51 150.59 18.96 GFPT Group had total revenue from sales of THB 4,544.26 million in 3Q2019, representing an increase of THB 51.88 million or 1.15% up from 3Q2018 mainly from higher

holding (%) Installed Capacity (MW) Equity Capacity (MW) Commercial Operation Date Solar Rooftop Solar Private PPA 100% 24.4 24.4 1Q2020- 3Q2020 Total 24.4 24.4 OVERALL PERFORMANCE Operating Expense

involves changes to key principles which mention in Note to financial statement No. 3. A summary of the key operational matters and events for the 1st Quarter 2020 GFPT Group had total revenue from sales of

Operation Date Solar Rooftop Solar Private PPA 100% 24.4 24.4 1Q2020- 3Q2020 Total 24.4 24.4 OVERALL PERFORMANCE Operating Expense  Administrative Expenses increased from Baht 130.8 million in 2018 to Baht

Company and its subsidiaries recorded total sales of Baht 1,174 million, a decrease of 19% YoY, occurred from a decline in domestic branded sales and impacted from financial statement adjustment in

1H/2021. The increase was mainly due to a higher increase in total revenue than total expenses, as result of the Company’s efficient cost management. E B I T D A a n d E B I T D A M A R G I N : • The

mainly due to the increase in total revenue at a higher proportion than the increase in total expenses. EBITDA and EBITDA MARGIN: • The Company reported Net Profit in Q1/2023 of THB 34 million, increased

11 FEB 2019 1 MASTER AD PLC MANAGEMENT DISCUSSION & ANALYSIS 2018 MD&A FY 2018 (ended 31 December 2018) MEDIA INDUSTRY AND BUSINESS IMPACT ANALYSIS The overall Thai advertising market has been