Page 2 Management Discussion and Analysis 1. Significant events in the third Quarter of 2018  The progress in construction projects - Xayaburi Project, a project of the Xayaburi Power Company Limited

PowerPoint Presentation THE INNOVATIVE POWER FLAGSHIP OF PTT GROUP MANAGEMENT DISCUSSION & ANALYSIS MD&A Q1/2020 PAGE 1 MANAGEMENT DISCUSSION & ANALYSIS (MD&A) Q1/2020 After fully completed the

LOGISTICS COMPANY LIMITED ACOMMERCE PTE. LTD. ACOMMERCE SDN. BHD. ACTS STUDIO COMPANY LIMITED ADDTECH HUB PUBLIC COMPANY LIMITED ADVANCE AGRO ASIA COMPANY LIMITED ADVANCE AGRO POWER PLANT COMPANY LIMITED

cogeneration power plant project. The power plant has an installed capacity of 121 MW. The project is located in Klongnueng sub-district, Klonglaung district, Pathumthani province. The project has entered into

Revenue2 26.8 1.4 1,883.2% - Power Business 1.4 0.0 N/A Costs of Sales and Services (276.0) (273.0) 1.1% Gross Profit 183.4 149.0 23.1% Gross Profit from Operation3 156.6 147.6 6.1% Other Income4 19.4 16.8

seasonality of the quarter with no flagship devices releases coupled with a slow recovery of consumer purchasing power. Handset margins recorded at 1.2%, primarily due to a higher proportion of low-margin

revenue was at Bt29,311mn, increasing by 0.7% YoY from a slight improvement in consumer purchasing power and tourist segment. However, mobile revenue decreased by -0.6% QoQ due to seasonality effect

was enabled by improved purchasing power across various customer segments, benefiting from government stimulus subsidies. The 5G user base continued to expand, reaching almost 9.9 million subscribers

purchasing power. However, from Sep-21 onward, restrictions were gradually lifted, resulting in some improvement in consumer spending. Meanwhile, competition in mobile industry remained elevated as operators

Operation Date EBITDA Earnings before Interest, Tax, Depreciation and Amortization FX Foreign Exchange Rate IPP Independent Power Producer PPA Power Purchase Agreement SPP Small Power Producer Projects