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

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

Budget Act and drought. Furthermore, domestic spending may be limited due to weakening purchasing power and hefty household debt. Apart from economic woes, businesses face numerous other challenges that

Collinsville Solar Power Project on December 12, 2018 and March 21, 2019, respectively, and the acquisition of RATCH Cogeneration Company Limited on October 1, 2019.These resulted in the increase in revenue from

PowerPoint Presentation MANAGEMENT DISCUSSION & ANALYSIS (MD&A) Q4/2017 and FY2017 GLOBAL POWER SYNERGY PUBLIC COMPANY LIMITED THE INNOVATIVE POWER FLAGSHIP OF PTT GROUP Management Discussion

Section 14 Securities and Exchange Act B.E. 2535 Section 14. The SEC shall have the power and duty to formulate policies to promote and develop, as well as to supervise, matters concerning securities