income tax (currently is 0%) wd = the weight of debt financing by the guideline public companies WACC Calculation Low High CCPH 13.00% 14.50% KPPH 14.50% 15.30% Attachment 1 2 we = the weight of equity

administrative expenses around 2.65 million baht, or 2.62% comparing to the same period last year aligned with the increase in sales volume. (unit: million baht) Q1/FY2019 Q1/FY2018 %YoY Total Revenues 1,439.49

Discussion and Analysis For the Operating Results ended September 30, 2019 In Q3/2019, the amount of aviation fuel services volume at BKK and DMK totaling up to 1,499 million liters, which have the growth rate

from sales: details as follow. The decrease in sales revenue is a result of the reduced sales volume. Due to the fluctuation of raw material prices and exchange rates in the past, the company has to

2016, mainly due to higher selling price of all products, especially on PVC and Caustic Soda according to higher production cost of Chinese PVC suppliers and limited PVC and Caustic Soda export volume

last year. The increase was due to larger service volume from the clients from the commercial and film production segments. The rental and location service just launched operation during the quarter and

2. Decrease in cost of goods sold and services (19.92), compared to the same period last year. This is due to the decrease in sales volume. And higher raw material costs. 3.The increase in selling and

which had average traffic volume in the second quarter of the year 2017 at 47,600 trips/day. For the First Stage Expressway (FES) and the Second Stage Expressway (SES), toll revenue increased from the

quarter of 2017 was THB 29.67 / kg., which lower than 2nd quarter of 2016 of THB 37.76 / kg. by 8.09 / kg. - Quantity: Sale volume has decreased from 2nd of 2016 by 7,091 tons or 30.69% in 2nd of 2017 as a

to the electricity outage in July last year, and higher ECH volume from greater demand of China, Taiwan and two Indian key accounts. Analysis of Cost and Expenses 1. In Q3 2017, Cost of sales was 3,931