881 www.aapico.com Management Discussion and Analysis for the 2nd quarter of year 2019 2 Total revenue grew by 11.1% year-on-year, driven by higher sales from the automotive parts segment. Interest

recognized the revenue by completed segment but not yet completed which those reached the invoice. As a consequence, trade receivables decreased, resulting in an increase unbilled receivables. Unbilled

segment on Q3 2018 are following; EPC service 31.96% of total revenue, then SMP & E&I service 28.73%, Civil & Building service 27.74%, and Fabrication and other service 11.57%, respectively. Revenue from

operating revenue breakdown by business segment (Unit: Million Baht) Second quarter 6-month period 2020 2019 Change % 2020 2019 Change % Revenue from sales of real estate 2,233 1,992 241 12 3,859 5,045 (1,186

. As a result, the construction segment services income of the Group are varieties into each service segment. Due to customer’s requirement which are not focusing on any particular service group. 2

devices to deliver bundled solution to clients. Together, Humanica and Tiger will be able to offer a suitable HR technology to every segment of the market from small to large corporations. Leveraging on

investment grew 4.2% in Q4 versus the same period in 2017 and up 3.9% from Q3. Private-sector investment expenditure on machinery and equipment picked up pace and this industrial expansion is encouraging. The

Trans.Ad Solutions Company Limited and Roctec Technology Limited, collectively called “Trans.Ad Group”, which was acquired in August 2018. Revenue contribution Revenue by segment (THB mn) THB (mn) 2Q 2018 1Q

market has remained competitive since end-2017. Overall, operators more carefully spent on marketing activities. Postpaid segment continued to be the main focus where handset subsidies and network quality

2% YoY, going at the same direction of the slowdown in food and beverage segment. Proportion of each market segment and growth of domestic RTD fruit juice market is as shown in figure 2 (Source