- *Core Financials exclude IRSL 1 Net debt after debt for capex and investments in progress that are not generating revenue and earnings as on date given Figure 3 :Repayment Schedule of Long Term Debt *Core

disposed in late 2017. However, the revenue of Hotel Management was improved. Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) was THB 144 million, representing 131.4% growth yoy

revenue decreased by 5.3% from 3Q17 due to a decrease in revenue from Education Business and revenue recognition from leased right assignment in the same period last year. Earnings before Interest, Taxes

revenue 3 Net Profit (Annualised) / Average Total Shareholders’ equity (average of outstanding at end of the previous year and at end of this year) 4 Earnings before interest and tax (Annualised) / Average

economic situations leaded to the Company gained revenue from sales and services for the year 2017 amounting to 459.26 MB. And it is expected that measurement to support the earners with lower income of the

of mobile phones. VGI continues to outperform the overall market posting significant revenue growth of 36.5% to THB 852mn, driven by the robust performance our OOH and Digital Services businesses

is based on revenue of OOH listed companies in SET Index. 2 Shopee replaced COMICO brand at Victory Monument station after the contract expired in January 2018. The fourth quarter of 2017/18 (ended 31

Management’s Discussion and Analysis For the Financial Results of Quarter 2 Year 2017 Ended June 30, 2017 1 ABBREVIATION ADB = Asian Development Bank COD = Commercial Operation Date EBITDA = Earnings

(Baht) 21.98 21.75 22.72 Earnings per share (Baht) 1.34 1.11 1.87 Dividend per share (Baht) * - 1.11 1.87 - 2 - INTEGRITY QUALITY SERVICE SAHA-UNION GROUP UNION PLASTIC PUBLIC COMPANY LIMITED 11/1 SOI

follows: 1. To approve payment of interim dividend for the operating results of January to June 2017 from net profit and retained earnings under the Company's financial statement, to the shareholders, at an