electricity consumption behavior change, influenced by disruptive technology. The objectives of the new PDP aim to strengthen security of power supply for each region, maintain appropriate costs of power

% 2.2% 29.9% 27.2% (2.7%) Net profit margin1 (%) 17.7% 8.1% (9.6%) 19.7% 7.1% (12.6%) Number of branches as at Dec 312 38 39 3% 38 39 3% 2019 2020 Change +/(-) Change +/(-) Q4/19 Q4/20 Operating highlight

stimulus policies worth Baht 464 billion to support domestic spending, the property market and grassroots economy. Meanwhile, tourist arrivals rose by 4.2 percent, softening from 7.3 percent in 2018. A

) was low and could not cover cost and expense. 2. Business Outlook Total domestic Hot Rolled Steel consumption for Quarter 1, 2020 stood 1.51 million MT and decreased by 3.4% compared to same quarter

quarter of 2019 continued to expand driven mainly by domestic demands. Private consumption expanded in all categories supported by the improvement in purchasing power from the rise in farm and non-farm

in merchandise exports, which started to impact domestic demand. Going forward, the risks to financial system stability need to be managed cautiously through both microprudential and macroprudential

Thailand’s target range of 1-4 percent. At the same time, core inflation was at 0.61 percent, a slight decrease from 0.66 percent in the same period last year, reflecting a gradual recovery in domestic

production, as farm income has remained subdued due to falls in market prices. Nevertheless, overall domestic demand grew at a moderate pace, and durable goods consumption has slowly picked up. The performance

been affected in accordance with the economies of major trading partners and the declining global trade volumes. This has begun to have further effects across all sectors, especially to domestic demand

% are from domestic project sales • Revenue from rental, services, common area fee, and utilities charges 2019 Operating Revenue of Baht 9,798.0 million Overall Operating Results Q4/18 Q3/19 Q4/19 Change