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 Management Discussion & Analysis (MD&A) Q3/2018 Executive Summary Executive Summary For Q3/2018, Global Power Synergy Public Company Limited (GPSC) (“the company”) earned a net profit of Baht 899 million, decreased by Baht 153 million or 15% from Q2/2018. The drop was due to the rise in natural gas prices...

end of Q1–2018 the project in accordance with the contract had completed for delivery. In addition, the new winning projects had decreased. Other current assets increased by 13.7 MB or representing an

from the same period of previous year by Baht 33.29 million or 6.67%. The increase was affected by an increase in the delivery volume of its subsidiaries by Baht 32.45 million comparing with the same

increase of 65.6% due in Q2-2016 the company obtain new projects which were is still work in progress and not yet completed for delivery. -4- Other current assets decreased by 44.5 MB or 47.1%, due to an

year affected to end user to delay their purchasing order from the retail store and therefore the distributor delayed ordering for their stock as well, together with the delivery plan were delayed to Q3

, had paid all of loans to the Company. Inventories decreased by 81.4 MB or decrease of 26.6%. This is because the project in accordance with the contract had completed for delivery in the end of Q2–2018

147.41 Million Baht subsidiaries was effected by COVID-19 virus, resulting in decline in delivery  Unrealized gain from measurement of financial asset of 247.03 Million Baht as adjustment on fair value of

) Revenue structure + (-)2018 3 | MANAGEMENT DISCUSSION AND ANALYSIS 2019 Revenue from steel tower manufacturing decreased by 37.21% as a result of rescheduling of production and delivery plan by major

AND ANALYSIS 2019 Revenue from steel tower manufacturing decreased by 37.21% as a result of rescheduling of production and delivery plan by major customer from 2019 to mid of 2020 due to eminent domain

approved by the shareholders’ meeting. After completing the transaction, NML will ceases to be a subsidiary of the Company. NML provides delivery services for Nation Group print media as well as other