overseas expansion needs –Thai investment to Indonesia grew approximately 25% annually since 20086 • Results in immediately (FY20E) accretive EPS and ROE for the Bank (assuming the Transaction completes

sugar tax and excise tax effective in Oct’19. “Fit Fast Firm” project deliverables in 2019 are lower raw material and packaging costs, packaging optimization, new lighter weight bottles and more

during the 1st Quarter 2020. GFPT Group has policy to mitigate risks from foreign exchange rate volatility, which occurred from export sale and raw material importation by hedging forward contract from

raw material in the food industry, pet food industry, and biodiesel to support the business plan regarding the expansion of crude palm oil (CPOA) trading business for biodiesel and edible oil of the

higher competition. The company recorded revenue from services of 579.03 million Baht which increased from the last year totaling 431.89 million Baht or 293.52% due to the expansion of construction

with the expansion of its trade transactions with new partners with respect to the company’s strategic plan to enlarge the business. Marketing Business Group recorded 5% higher total sales volume YoY

/quarter), network opex would be relatively flat YoY. QoQ, network opex increased 1.6% from 2CA and 3CA expansion.  Other costs of service were Bt1,593mn, increasing 4.9% YoY from higher content costs as

revenue, AIS continued to invest for network quality and capacity through deployment of additional bandwidth recently acquired while coverage expansion mostly done the year earlier, resulted in lower capex

decreasing 0.7% QoQ. Excluding cost of TOT partnership, network OPEX would increase 7.6% YoY and 4% QoQ due mainly to utility and maintenance costs from 4G network expansion. Other costs of service were

leveraging on scale and value-added services Fixed broadband revenue reached Bt7,437mn, a strong growth of 146% YoY and 2.1% QoQ. This growth is driven by high-quality subscriber expansion, a robust nationwide