48,776 48,776 Issued and paid-up share capital 34,251 34,251 Warrants 14 14 Additional (Discount) paid in capital: Share discount (10,163) (10,163) Premium on capital reduction 206 206 Retained earnings

share Basic earnings (loss) per share (0.02) (0.15) (87%) บริษัท จี สตีล จ ำกัด (มหำชน) G Steel Public Company Limited Management Discussion and Analysis Quarter 2 Ending 30 June 2019 G Steel Public

percent) 4 3.3 Earnings per Share Dilution Earnings per share dilution can be calculated by using a formula as follows; Earnings per Share Dilution) = (Earnings per Share before private placement

million (THB 8.4 billion), -7% YoY, Core EBITDA margin 10%  Core Net profit after tax of $128 million (THB 4.0 billion), -27% YoY  Core Earnings Per Share of THB 0.67, -32% YoY  Operating Cash Flow of

of $304 million (THB 9.6 billion), -7% YoY, Core EBITDA margin 10%  Core Net profit after tax of $128 million (THB 4.0 billion), -27% YoY  Core Earnings Per Share of THB 0.67, -32% YoY  Operating

, together with aircraft rental costs from wet lease arrangements during the period. Earnings per share for the six-month period of 2017 was 0.01 baht. 4 ASIA’S BOUTIQUE AIRLINE Notable Events Notable events

) 1,347 1,184 13.7 1,610 (16.3) 4,015 4,309 (6.8) Total Comprehensive income (attributable to equity holders of the Bank) 1,458 1,629 (10.5) 1,766 (17.4) 3,886 4,260 (8.8) Basic earnings per share (Baht

บริษัทใหญ่ (Owners of the parent) 9.2 ส่วนที่เป็นของส่วนได้เสียที่ไม่มีอ านาจควบคุม (Non-controlling interests) - 18 - 10. ก ำไร (ขำดทุน) ต่อหุ้นขั้นพื้นฐำน (Basic earnings (loss) per share) หมายถึง ส่วน

profit from investments in associates, net 173 433 (260) -60.0 NCI (17) (19) 2 10.5 Profit attributable to Equity holders of the Company 5,435 5,317 118 2.2 Basic earnings per share (Baht) 0.36 0.35 0.01

1,703.23 1,470.68 232.55 15.8 Gain (loss) on foreign exchange 38.03 (344.10) 382.13 111.1 Profit attributable to owner of the Company 1,741.26 1,126.58 614.68 54.6 Earnings per share (Baht) 1.20 0.78 Fuel