and distribution of biodiesel from CPO industry, which is the inherent risk that significantly impact on the Company's performance that is the risk of fluctuation in CPO price; mostly caused by the

) (36.5) 13.2% (75.8) (44.9) 68.7% Finance Costs (84.1) (104.9) -19.8% (161.0) (198.5) -18.9% Share of Profit from Investments in Associates and Joint Ventures 752.7 246.8 204.9% 1,091.9 906.1 20.5% Income

(Translation) Bangkok Expressway and Metro Public Company Limited Management Discussion and Analysis for the Quarter Ended on June 30, 2019 1 Significant events in the second quarter of the year 2019

Operating Results of the Company in Q2/2019 Q2/18 Q2/19 1H/18 1H/19 Change +/(-) (THB million) YoY 1H Operating Revenue 206 312 51% 405 599 48% Gross Profit 138 201 46% 273 389 42% EBITDA 49 95 94% 99 186 88

Trade (DIT) The fluctuation of CPO price mentioned above had reflected the Company's business operation in the production and distribution of biodiesel from CPO industry, which is the inherent risk that

developing consumer products to sell in D&D stores and other distribution channels to help the Company generate more revenues. In the future, the company plans to focus on low-cost investment and maximize

1 3Q18 MD&A Advanced Info Service Plc. Executive Summary Acquired 1800MHz license and expanded strategic distribution and services In Aug-18, AIS has secured additional 2x5MHz of 1800MHz license

Analysis | 2 Executive Summary In 3Q2018, domestic palm oil production has increased as in other countries, in addition, stock of Crude Palm Oil (CPO) both in Thailand and International market has remained

price mentioned above had reflected the Company's business operation in the production and distribution of biodiesel from CPO industry, which is the inherent risk that significantly impact on the

Utilities Co., Ltd., in the amount of 400,000 shares with a par value of Bath 10 per share, which the Company has paid 25% of the shares, equivalent to Bath 2.50 per share, sold at the price of Baht 1 per