11.0% YoY  Net profit was Bt441mn, increasing 5.0% YoY  Total usage amount was Bt31,538mn, increasing 20.9% YoY  Total average number of money transfer transactions per day was 27,330 transactions

revenue is from long-term PPA with state enterprises which has no direct impact from COVID-19 while revenue from industrial users (IUs) remains stable y-on-y in Q1’2020, thanks to portfolio diversification

2,082.0 152.5% Total Cost 519.0 1,528.4 1,009.4 194.5% Gross Profit/2 846.1 1,918.6 1,072.5 126.8% Net Profit 80.8 779.9 699.1 865.5% /1 Including other income and share of profit from investments in

6.9% and 10.7% respectively, while international business grew at 10.4% at constant FX. - Q3’19 Net profit* was at THB 838 million, +8.5% YoY, with net profit* margin of 13.2%, +10 bps YoY. 9M’19 Net

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

0.67 (0.20) (54.55) Administrative expenses Other expenses 21.96 - 39.84 - 17.66 1.13 32.68 2.09 4.31 (1.13) 24.40 (100.00) Total expenses 36.30 65.85 33.55 62.09 2.76 8.21 Profit before finance cost and

Quarter Change (%) 1/2018 4/2017 1/2017 4/2017 1/2017 Net profit * 9,005 8,496 8,305 6.0% 8.4% Earnings per share (Baht) 4.72 4.45 4.35 6.0% 8.4% Net interest margin 2.34% 2.31% 2.35% 0.03% (0.01)% Net fees

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

be effective in 2020, the Thai commercial banking system will be more stable and able to support loan expansion in the next phase. Overall Picture of the Bank and its Subsidiaries Million Baht Item

regulations for Liquidity Coverage Ratio (LCR) and Net Stable Funding Ratio (NSFR) requirements. The preparation for TFRS 9 adoption, which will come into effect in 2020, and managing loan quality and NPL