PowerPoint Presentation MANAGEMENT DISCUSSION & ANALYSIS (MD&A) Q3/2018 GLOBAL POWER SYNERGY PUBLIC COMPANY LIMITED 0 THE INNOVATIVE POWER FLAGSHIP OF PTT GROUP Management Discussion & Analysis Management Discussion & Analysis (MD&A) Q3/2018 Executive Summary Executive Summary For Q3/2018, Global Power Synergy Public Company Limited (GPSC) (“the company”) earned a net profit of Baht 899 million, decreased by Baht 153 million or 15% from Q2/2018. The drop was due to the rise in natural gas prices...

members and their clients confidential. Securities clearing houses and central securities depositories shall disclose their regulations on good governance to the public and involved persons after approval

21.7 percent. A largely decrease was mainly from gain on sales of investments in marketable securities which dropped by 1,353.4 million baht or 77.9 percent. However, the Company has gained on foreign

leading to the consideration that such requirements or conditions to be exempted are insignificant to the consideration of the application for approval in such particular case and the benefits to be gained

Management 36 1 1. Overview of Operating Environment 1.1 Global and Thai Economy in the Third Quarter of 2017 Overall, the global economy gained traction throughout the first nine months of 2017. Bright

ethics and professional standards of conduct. In the case where the performance of duty involves non-public information, operational rules for the prevention of the disclosure of confidential information

non-public information, operational rules for the prevention of the disclosure of confidential information should be prescribed. 4. Criteria for selection of personnel for each unit shall encompass the

corporate governance, allowed KBank and K Companies to meet business targets as we gained wide acceptance and recognition at home and abroad, as reflected in the numerous awards we received in 2018. C

declined, combined with the lower average utilization rate compared to the previous quarter.  During this quarter, the refinery business gained from crude and product oil price hedging contract THB 29

exempted are immaterial to the consideration of the application for approval in such particular case and the benefits to be gained are not worth the cost of complying with such regulations or conditions; (2