increase in revenue was higher than the industry growth (in terms of volume) of 3.1% year-on-year due to the following reasons: 1) Automotive Parts Business; Increase in customer orders from existing clients

operations were very strong; recording 53.5% growth year-on-year. Portugal operations were also growing, recording 6.6% growth year-on-year. Both Thailand and Portugal operations outperformed average industry

revenue was higher than industry growth (in terms of production volume) of 6.1% due to the following reasons: 1) Automotive Parts Business; Higher order, new model launch which started in Q3 last year, new

1 Forth Smart Service Public Company Limited (FSMART) 2Q19 Management Discussion and Analysis Operational Summary in 2Q19  Net profit was Bt145mn, decreasing 3.4%YoY  Total revenue from core

18.3% QoQ.  Total revenue from core business was Bt735mn, increasing 10.2% QoQ.  Banking agent business (of which the Company is the agent for 6 commercial banks: KTB, KANK, BAY, GSB, BAAC, and SCB

growth and included the sales of tooling to VinFast in Q1 2019, and higher interest income from loan to SGAH. Cost of sales and services decreased year-on-year as a result of lower car sales. As a

%) (84.8) (1.8%) +8.4 +9.9% Less: (Profit)/Loss Net from Non-Controlling Interests (by equity method) (12.4) (0.3%) (1.6) (0.1%) +10.8 +677.9% Core Operating Profit 343.2 7.1% 296.6 6.3% +46.6 +15.7

พนัลา้นบาท) เพิ่มข้ึนร้อยละ 26 เม่ือเทียบปีต่อปี  Core EBITDA เท่ากบั 304 ลา้นเหรียญสหรัฐ (8.4 พนัลา้นบาท) ลดลงร้อยละ 7 เม่ือเทียบปีต่อปี, อตัรา ก าไร Core EBITDA ร้อยละ 10  ก าไรสุทธิหลกัหลงัหกัภาษีเงิน

(95.8 พนัลา้นบาท) เพิ่มข้ึนร้อยละ 26 เม่ือเทียบปีต่อปี  Core EBITDA เท่ากบั 304 ลา้นเหรียญสหรัฐ (9.6 พนัลา้นบาท) ลดลงร้อยละ 7 เม่ือเทียบปีต่อปี, อตัรา ก าไร Core EBITDA ร้อยละ 10  ก าไรสุทธิหลกัห

Q1'19 164 + 127.3% GP TBSPGP TKS 23.0% 25.0% 27.1% 22.2% %GP Business Overview Q1’2019 Performance T.K.S. Technologies Public Company Limited (“Company”) reported total revenues growth of 109.0% or THB