% - Other Revenue from Utilities Business2 112.7 25.4 343.7% - Power Business 10.2 3.2 221.8% Costs of Sales and Services (1,164.4) (1,120.0) 4.0% Gross Profit 692.8 588.3 17.8% Gross Profit from Operation3

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

4.40% QoQ as a result of ongoing repair and maintenance of the overall power generator which gradually improve power supply capacity and escalate power to grid.  Revenue from sale of industrial

estate. 1.4) Other incomes decreases 7.10 million baht or 72.55% due to there were gain on sale of assets 9.14 million baht from selling of office buildings, PS Tower. 2. Cost of sales and services of the

Association at least seven days prior to the initial closing date of the bondholder register;      (2) revising the required collateral coverage ratio in the categories of common shares of TPC Power Holding

damage to Bliss-Tel Public Company Limited (BLISS). The SEC found that Penkae and Tan, then holding position as BLISS investment board members having power to make securities investment decision and

the fair value of net assets from the acquisition of 9 solar power generation plants via Global Renewable Power Company Limited (GRP). • Shares of profit of associates and joint ventures for the first

decreased by 32.1%, mainly from loan repayment of THB 5,000 mm, from WHAUP’s IPO proceeds. Moreover, the Company had repaid the loan from assets monetization to REITs in the fourth quarter of 2016.  The

Yai and Chachoengsao branch). The Company plans to open Rayong branch, the 11st branches in the last quarter of year 2018. Industry Overview Domestic purchasing power has been under pressure due to the

and paid-up ordinary shares of TBSP. Consequently, the Company has rights or interests in the returns of TBSP and able to use power to direct the activities that has significant effect to the amount of