and applications; to rent out light equipment and other equipment for production of plays and movies; to produce television programs, record tapes and film videos onsite; to produce television and radio

PowerPoint Presentation MANAGEMENT DISCUSSION & ANALYSIS (MD&A) Q4/2018 and FY2018 GLOBAL POWER SYNERGY PUBLIC COMPANY LIMITED 0 THE INNOVATIVE POWER FLAGSHIP OF PTT GROUP Management Discussion & Analysis Management Discussion & Analysis (MD&A) Q4/2018 and FY2018 Executive Summary Executive Summary For 2018, Global Power Synergy Public Company Limited (GPSC) (“the company”) earned a net profit of Baht 3,359 million, slightly increased by Baht 184 million or 6% from 2017. The increase was due to...

87,281 58,364 28,917 50% Property, plant and equipment, net 52,782 56,361 (3,579) (6%) Other non-current assets 32,666 40,350 (7,684) (19%) Total Assets 208,523 206,428 2,095 1% Liabilities Current

202 million or 0.4 percent from last year owing to a decrease in personnel expenses of Baht 2,048 million according to the abovementioned reasons. Premises and equipment expenses increased, mainly from

L&E: LIGHTING & EQUIPMENT PUBLIC COMPANY LIMITED LALIN: LALIN PROPERTY PUBLIC COMPANY LIMITED LANNA: THE LANNA RESOURCES PUBLIC COMPANY LIMITED LDC: LDC DENTAL PUBLIC COMPANY LIMITED LEE: LEE FEED

associated, net and advance payments for investment 55,167 49,325 5,842 12% Property, plant and equipment, net 56,361 61,723 (5,362) (9%) Other non-current assets 43,547 49,741 (6,194) (12%) Total Assets

: • Lower inventories as the Company has enforced stock reduction policy • Decrease in property, plant, and equipment due to depreciation • Decrease in leasehold rights due to amorization • However, the

production plan. Property, plant and equipment Property, plant and equipment as of 31 December 2017 and 2016 were THB 9,609 million and THB 6,627 million, respectively, increasing by THB 2,982 million or 45.0

& promotion, rental expense of Hilton Pattaya Hotel based on the sublet agreement with CPNREIT, office supplies, professional fees, and depreciation and amortization of office equipment and hotel properties. In

% 1,077,172 26% 1,275,755 39% Long-term investments 32,419 0% 30,572 0% 27,245 1% 23,757 1% Property, plant and equipment - net 1,646,419 22% 1,488,481 23% 1,462,585 36% 576,530 18% Investment properties 44,678