-o n- Ye ar C ha ng e ( pe rce nt) Thailand Economic Growth 2 1 2 1 2016 2017 2017 Sources: Office of the National Economic and Social Development Board and Ministry of Commerce 2 Foreign Workers

to the first half of 2018 to accommodate domestic economic activity, which is on a recovery path. Thailand Economic Growth Sources: Office of the National Economic and Social Development Board and

earnings 24,675 8.7% 22,098 7.7% 2027 9,000 - - - Others 25,752 9.1% 25,938 9.0% Total Equity 50,427 18% 48,036 17% Credit Rating Fitch National rating: AA+ (THA), Outlook: Stable S&P BBB+, Outlook: Negative

on page 6). At the end of Mar-17, the new NBTC Act was approved by the National Legislative Assembly and is expected to be officially published on the Royal Gazette in due course. In addition, AIS has

-Australia Corporation Limited (“RAC”) (an indirect subsidiary in which the Company held 80 percent stake) has achieved financial close in order to start the construction of Collinsville Solar Power Project

% 237,838 85% 2025 - - - - Retained earnings 16,971 6.2% 16,158 5.8% 2026 7,180 - - - Others 25,737 9.3% 25,735 9.2% Total Equity 42,708 15% 41,893 15% Credit Rating Fitch National rating: AA+ (THA), Outlook

% Total Equity 42,708 15% 50,427 18% Credit Rating Fitch National rating: AA+ (THA), Outlook: Stable S&P BBB+, Outlook: Negative Source and Use of Fund: FY17 (Bt mn) Source of Fund Use of Fund Operating

, RATCH-Australia Corporation Limited (“RAC”) (an indirect subsidiary in which the Company holds 80 percent stake) has achieved its financial close and started the construction of Collinsville Solar Power

margin (excluding depreciation) in year 2018 was achieved at THB 886/ton, lower by 58% from last year due to the increase in the cash conversion cost which has increased by 18% from the last year which are

trend. - HRC cash margin (excluding depreciation) in year 2018 was achieved at THB 886/ton, lower by 58% from last year due to the increase in the cash conversion cost which has increased by 18% from the