Advance payment for shares - 15,600,000.00 Retained earnings (deficit) Appropriated Legal reserve 527,573.34 527,573.34 Unappropriated 6,568,902.81 2,088,646.63 Other componants of shareholders' equity

leading to margin increase in all commodity products, supporting the increase in crude oil prices. All of this is translating into stronger than anticipated earnings in first half 2021. Transformation

of this products of the company to decrease. However, the company has increased online distribution channels as a choice for new generation customers. It is expected that the domestic market will

cash equivalents 41.88 23.19 Cash Flow from Operating Activities CFO as of December 31, 2018 was 200.84 mb, increasing from last year due to the higher earnings in 2018 compared to 2017.The management

Profit 4.4% 4.9% EBITDA (MB) 70.6 83.9 -15.8% EBITDA (%) 8.9% 9.6% Earnings per share (Baht) 0.07 0.08 -12.5% Remark : EBITDA = Profit before finance costs, income tax, Depreciation and Amortization

last year because of the Group has expanded market to the Car distribution center to add up sales. 4. Construction service income for the year increased due to the increased in revenue from construction

threat to distribution channels of the Company’s customers and they had to postpone their purchase orders of the Company’s products. Moreover, there were a number of incidents that adversely affected

related to generation and distribution of electricity under SAAM-SP1 mainly includes (1) depreciation expense for the solar power project, (2) operation and maintenance, and (3) other costs such as utility

(MB) 22.4 21.9 2.3% EBITDA (%) 9.9% 9.7% Earnings per share (Baht) 0.02 0.02 0.0% Remark : EBITDA = Profit before finance costs, income tax, Depreciation and Amortization Statement of Income : Million

Basic earnings per share (Baht) 0.06 0.20 (0.14) (Translation) Bangkok Expressway and Metro Public Company Limited Management Discussion and Analysis for the Quarter Ended on September 30, 2019 2 In the