equipment 211,385 205,182 3% Intangible assets 39,693 40,349 (2%) Deferred tax assets 3,041 2,714 12% Other assets 5,587 1,371 308% Total assets 384,753 379,195 1% Liabilities Bank OD and short-term loans

plant project in the Lao People’ s Democratic Republic and investment in the construction and operation of transmission line system and substation to the Socialist Republic of Vietnam Attn: President The

362.6 401.6 (39.0) (9.7) Premises and equipment expenses 186.8 186.5 0.3 0.2 Other expenses 154.3 143.3 11.0 7.7 Total 703.7 731.4 (27.7) (3.8) Profit from Operations Before Expected Credit Losses and

) Employees' expenses 417.0 530.5 (113.5) (21.4) 362.6 54.4 15.0 Premises and equipment expenses 174.2 183.4 (9.2) (5.0) 186.8 (12.6) (6.7) Other expenses 184.3 184.0 0.3 0.2 154.3 30.0 19.4 Total 775.5 897.9

current assets 140,939 118,757 19% Investment 2,843 2,492 14% Property, plant and equipment 280,159 212,423 32% Right-of-use (ROU) 11,164 - 100% Intangible assets 48,781 39,415 24% Deferred tax assets 2,612

expenses, which are incurred after the Completion Date and are not booked in the financial statement of SBM as at the Completion Date, arising from the adjustment of equipment to support the change of the

investments used as short-term and long-term collateral were Baht 2,307 million and cash payments for equipment and construction in progress were Baht 118 million. Meanwhile, the dividend receives from the

Memorandum concerning the Connected Transaction of the Offering and Allocation of the Newly Issued Shares of Hydrotek Public Company Limited Following Hydrotek Public Company Limited (the “Company”)’s Board of

prioritized machine management for broader service coverage to effectively meet the needs of customers. - Digital Banking Services: Our leadership in digital banking is highlighted by full-service digital

planned shutdown during February 2019, together with IRPC Clean Power (IRPC-CP)’s lower steam supply. Comparing Q1/2019 vs Q4/2018 Comparing Q1/2019 vs Q1/2018YoYQoQ SPP PAGE 13PAGE 13 MANAGEMENT DISCUSSION