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...

PowerPoint Presentation THE INNOVATIVE POWER FLAGSHIP OF PTT GROUP MANAGEMENT DISCUSSION & ANALYSIS MD&A Q1/2020 PAGE 1 MANAGEMENT DISCUSSION & ANALYSIS (MD&A) Q1/2020 After fully completed the acquisition of Glow Energy Public Company Limited (“GLOW”) in December 2019, the Company holds 99.83 percent of GLOW's total issued and sold shares, therefore in Q1/2020, the company recognizes the full operating results from GLOW, together with the investment projects and projects that have been opened f...

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

from the employees’ expenses, and the premises and equipment expenses. Table: Other Operating Expenses (Unit: Million Baht) Items Quarter Variance Quarter Variance For years Variance 4/2018 3/2018 (%QoQ

: • 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

staff and workers in order to accommodate equipment, machinery of the Company for completed works to ensure that they are taken care of, improved and repaired for further usage in next projects, and to

structures, buildings, camps for staff and workers in order to accommodate equipment, machinery of the Company for completed works to ensure that they are taken care of, improved and repaired for further usage