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. PPA Amortization Accounting impact Net Income consolidated PAGE 9PAGE 9 MANAGEMENT DISCUSSION & ANALYSIS (MD&A) Q3 2019 Operating Revenue Cost of Sales of Goods and Rendering of Services (Exclude

1.4% Total Expenses 36.4 20.4% 37.1 20.8% 0.7 1.9% Earnings Before Interest and tax 9 5.1% 9.8 5.5% 0.8 8.9% Finance Cost 12.9 7.2% 13.3 7.5% 0.4 3.1% Management Discussion and Analysis Q1/2018 Page 2/4