DEVELOPMENT AND MANAGEMENT PUBLIC COMPANY LIMITED MANAGEMENT DISCUSSION AND ANALYSIS FOR Q2/2018 2 2. ECONOMIC SITUATION Thai economy for the 5 months ended May 2018 continually expanded, supported by
Thai Police Office for procurement of 1,482 camcorder cameras on the police stations. Retail business The Company had gross profit for the second quarter of 2018 amounting to Baht 230 million, which was
profit from Thai Solar Renewable Company Limited (TSR) dropped by Baht 15 million from Q2/2018 due to less solar intensity throughout Q3/2018 and decreased by Baht 13 million from Q3/2017 because of
3Q2017. WHAUP is a strategic co-developer of power business. We currently have 511.0 equity MW under operation, and another 38.8 equity MW under construction. We partner with a number of key Thai and
implementation of the amended Thai Labor Protection Act 3 Adjusted EBITDA is calculated from Profit (loss) before income taxes, plus Finance costs, plus Depreciation and Amortization, deduct gain from exchange
from that, the Company was adversely affected by the compliance with the new Thai Financial Reporting Standard 15 (TFRS 15) regarding revenue from contracts with customers for the first time which is
KM. 4 , Changwattana, Srinakarin, Onnut, Ratchapraek, Rangsit, Petchkasem, Saijai Dental Saimai, Rama 2, Ngamwongwan, Rama 5, Bang Yai, Nawamin, Saphanmai, Seri Thai, Phetchaburi, Ram-Intra KM. 10 and
hired since 2017. Including, construction projects which signed during 2019. As at 31 December 2019, the Group has backlog for construction services total of Baht 2,287.39 Million. Regarding, the new Thai
share (Baht) 0.03 0.06 (0.03) * According to the adoption of Thai Financial Reporting Standard No.9 Financial Instruments since January 1, 2020, the Company reclassified loan from financial institution
) selling and administrative expense reduction according to the Company target. EBITDA in Q1/2020 was Baht 90 million, an increase of 1,003% from Q1/2019 that recognized EBITDA Baht 8 million. Thai