PowerPoint Presentation THE INNOVATIVE POWER FLAGSHIP OF PTT GROUP MANAGEMENT DISCUSSION & ANALYSIS Q4/2019& FY 2019 MD&A PAGE 1 MANAGEMENT DISCUSSION & ANALYSIS (MD&A) Q4 2019 and FY2019 Global Power Synergy Public Company Limited (GPSC) (‘company’) has finished the financial activities in accordance with the company's financial deleveraging plan from the offering of newly issued ordinary shares to existing shareholders in proportion to the number of shares held by each shareholder (Rights Offe...

-19 Change (%qoq) Change (% yoy) Other operating expenses Employee expenses 2,143.56 1,836.94 16.69 597.71 (10.27) 0.42 Director’ remuneration 20.10 10.84 85.42 8.12 171.26 320.60 Premises and equipment

amounted of Baht 675.7 million, increased by 2.1% when compared to the third quarter of 2016, almost of the increase of employees’ expenses and premises and equipment expenses that provide for business

2.1% when compared to the third quarter of 2016, almost of the increase of employees’ expenses and premises and equipment expenses that provide for business expansion. The ratio of operating expenses to

the end of 2016, with the decrease mainly being a reduction in the inventory on hand, trade and other current receivables as well as in property, plant and equipment. Current Assets as at September 30

-term investments 25,474.8 28,506.3 (3,031.5) Property, plant and equipment 14,496.4 12,793.4 1,703.0 Total Non-current assets 45,124.4 46,096.5 (972.1) Total assets 57,353.1 60,288.7 (2,935.6) Current

assets Investments in subsidiaries - - 0% Advance payment for purchases of property, plant - - 0% and equipment 210 210 0% Property, plant and equipment 27,438 28,739 -5% Intangible assets 13 15 -16% Other

to the fourth quarter of 2016, almost of the increase of employees’ expenses and premises and equipment expenses that provide for business expansion. The ratio of operating expenses to total operating

Directors’ remuneration 67,367 31,982 35,385 110.6 Premises and equipment expenses 988,137 968,748 19,389 2.0 Taxes and duties 332,325 334,831 (2,506) (0.7) Loss from revaluation of foreclosed assets 276,330

to the fourth quarter of 2016, almost of the increase of employees’ expenses and premises and equipment expenses that provide for business expansion. The ratio of operating expenses to total operating