from rental and rendering of services from new rental spaces and improved occupancy rates, and decreased selling and distribution expenses from improved cost management • Operating revenue increased by

2018 Q3 2019 Increase/ (Decrease) 9M 2018 9M 2019 Increase/ (Decrease) THB mm THB mm % THB mm THB mm % Total Revenue/1 1,756.9 2,244.3 27.7% 7,227.4 9,121.4 26.2% Total Cost 492.6 916.3 86.0% 2,880.8

) (1,773) (2,327) 13% 31% (6,135) (7,164) 17% Exploration and evaluation expense (12) (12) (11) -10% -6% (60) (48) -20% Gain (loss) from crude and product oil price hedging contract (66) 86 46 169% -47% 107

355.9 10.3% Total Cost 1,528.4 2,614.2 1,085.8 71.0% Gross Profit/2 1,802.9 1,074.0 (729.0) (40.4%) Net Profit 779.9 406.6 (373.3) (47.9%) Normalized Total Revenue/3 3,196.4 3,708.8 512.3 16.0% Normalized

% - Construction 637.29 469.46 167.83 35.75% 2 - Testing and Inspection 24.23 15.07 9.16 60.78% 3 Cost of sales and services (757.45) (620.43) 137.02 22.08% Gross Profit 70.79 64.22 6.57 10.23% 9 Other income 2.43

margin was 60.2% which improved from 56.6% in 2017, mainly due to the lower cost of land transfer and the increase in selling price. Utilities & Power Business 2017 2018 Increase/(Decrease) THB mm THB mm

) 26.1 Share of Profit from Investments in Associates and Joint Ventures6 201.1 685.9 484.9 241.1 Income Tax (Expense) Income5 (17.1) (4.8) 12.3 (71.9) Profit attributable to Owners of the Parent 260.2

Joint Ventures 207.9 553.8 345.9 166.4 Income Tax (Expense) Income 0.0 (2.9) (2.9) N/M Profit attributable to Owners of the Parent 185.1 569.9 384.8 207.9 Non-Controlling Interests 0.0 0.0 0.0 0.0 1

3,295.06 99.96% 3,405.45 99.97% 110.40 3.35% Cost of sales and services 3,019.74 91.61% 3,090.82 90.74% 71.08 2.35% Gross Profit 275.32 8.35% 314.64 9.24% 39.32 14.28% Other income 1.32 0.04% 0.87 0.03

price; and fluctuations of currency exchange rates, as the company has export sales the main proportional. The unclear Brexit is also one factor that affected orders from the customer in England. 1.2