) 45.39 (48.43) (106.7) Profit Attributable to Owner of the Company before exchange rate 2,306.66 2,000.00 306.66 15.3 Gain (loss) on exchange rate (174.79) 48.02 (222.81) (464.0) Profit Attributable to

the period 13.7% 14.1% -0.4% 12.2% 1.5% Net profit margin attributable to the owners of the parent 13.8% 14.0% -0.2% 12.4% 1.4% Osotspa Public Company Limited Management’s Discussion and Analysis (MD&A

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

% from 1Q2019. In 1Q2020, the Company recorded share of profit from investment in Joint Ventures, Thai Ethoxylates Company Limited (TEX) and GGC KTIS Bio Industrial Company Limited (GKBI), at THB 62

2,184 251.1 Share of profit from investments in associates, net 67 110 (43) -39.1 Non-controlling interests of the subsidiaries (3) (2) (1) -50.0 Profit attributable to Equity holders of the Company 3,118

, net - 67 -100.0 - 173 -100.0 NCI - (3) 100.0 (3) (12) 75.0 Profit attributable to Equity holders of the Company 152 3,118 -95.1 660 3,977 -83.4 Basic earnings per share (Baht) 0.01 0.20 0.04 0.26

Public Company 686,179,283 Baht - Others outstanding debts 478,551,562 Baht - Total outstanding debts which have been reduced 1,513,298,393 Baht • Also, the Company will record a profit from such disposal

which profit attributable to the equity holder of the Company was 710.5 million baht. Earnings per share for this quarter was 0.34 baht. 4 ASIA’S BOUTIQUE AIRLINE Notable Events Notable events in the

-operating revenues. Operating profit and net income The operating revenue of the Company for the first quarter of year 2017 and year 2018 were 7,399.5 million baht and 7,805.0 million baht respectively

3,946 20% Non-controlling interests (950) (78) (392) (59%) 400% (1,258) (470) (63%) Net profit for the Company 1,081 1,580 1,896 75% 20% 2,023 3,476 72% Adjusted Net Income3 1,441 1,948 2,264 57% 16