million or 25.5% compared to the same period of the previous year. As a result, BAFS, the parent company has increased its borrowings to raise capital in FPT since Q2/2016. 1.3 Operating Results Net profit

borrowings as a result of additional investments in machinery and investments in an overseas joint venture; and 9) loss recognition of Baht 10 million from MMBC, the Company’s joint venture in the Philippines

debentures. It increased 6.6% QoQ from new bank loans and debentures. The average cost of borrowing increased from 2.9% in 1Q23 to 3.0% affected by increased interest rates trend and the new debentures. Income

pay1 provision in 2Q19 and employee remuneration in 4Q19. Net FX gain was Bt308mn, increasing from Bt119mn in FY18, which was mostly unrealized gain from fluctuated currency whereas foreign debts were

in 4Q18 following currency fluctuation in the quarter while foreign debts were all fully hedged. Finance cost was Bt1,217mn decreasing 5. 8% YoY and 5. 5% QoQ due to lower deferred interest from

costs and admin expenses following TTTBB’s acquisition, while decreasing by -16% QoQ due to a one-time asset provision expense incurred in 4Q23. The provision for bad debts as a % of postpaid and

international Climate Bond Initiative. The proceeds from the issuance of the Debentures will be used to repay corporate loan, refinance existing corporate debts and project finance to reduce interest rate and

used to repay corporate loan, refinance existing corporate debts and project finance to reduce interest rate and extend tenors. Successful BGYSP acquisition BGYSP acquisition successfully completed in

Baht 4,749.6 million at the end of Q1/2019, mainly due to the impact of the adoption of TFRS 16, which resulted in higher finance lease liabilities by Baht 2,738.3 million. However, borrowings from

our higher interest rate borrowings (note that the financing costs of BIP1 and BIP2 is 5.6% p.a. for fiscal year end 2017). Acquisition of BGYSP BGRIM acquired additional of 51% shares of B.Grimm Yanhee