) Baht per Available Seat - Kilometers 3.18 3.49 3.40 3.50 Cost per ASK (CASK) 3.40 3.46 3.52 3.38 Cost per ASK excluding fuel cost 2.71 2.69 2.79 2.67 RASK – CASK (0.22) 0.03 (0.12) 0.12 Remarks (1) These

, registering a growth of 45% QoQ and 21% YoY), positive contract adjustments and inventory gains  Our company-wide cost and business transformation, Project Olympus, yielded US$67M during the quarter, on track

Analysis For 4Q19 and FY2019 P a g e | 2 Despite the lower hotel revenue from the closure of Dusit Thani Hotel Bangkok at the beginning of the year with carrying hotel staff cost, the Company reported the

12,410.0 11,622.2 (787.8) (6.3%) Total Cost 5,001.5 4,631.8 (369.8) (7.4%) Gross Profit/2 6,475.5 6,232.8 (242.8) (3.7%) Net Profit 3,266.4 2,906.8 (359.6) (11.0%) Normalized Total Revenue/3 11,836.1

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

Revenue from sale of goods and rendering of services 43,995 46,306 44,226 1% -4% Cost of sale of goods and rendering of services (39,969) (42,711) (40,897) 2% -4% Gross Profit 4,026 3,594 3,328 -17% -7

and targeted to lead to $350 million in run-rate cost savings by 2023. These initiatives and the strategic acquisition of the Huntsman Integrated Ethylene and Propylene Oxide (EO & PO) assets (code

in September, while the company was unable to adequately adjust retail prices to keep up with the increasing product cost. Power Plant Business Group earned lower revenue from sales and rendering of

) Private Company Limited (“ASB Cambodia”) Retail Finance 80% General characteristics of transactions: AEON Systems provides outsourcing service in the system development to ASB Cambodia with cost of

)] = 1.01 shares/ 1 warrant Where Price 1 = Exercise Price after the change Price 0 = Exercise Price prior the change Ratio 1 = Exercise Ratio after the change Ratio 0 = Exercise Ratio prior the change MP