expansion and spectrum acquisition. FY18 Guidance On 23 January 2018, the company has acquired 80.10% of CSL shares through tender offering, with an aim to strengthen the growth potential in enterprise

Chinese companies. On the other hand, to monetize our largest mobile customer access, AIS has established an insurance broker company to be a point of online insurance sale and utilized Rabbit LINE Pay as a

continued to have presence as strong brands in the market. Implemented company-wide cost optimization With low growth market, AIS has been focusing on optimizing and digitizing the core operation including

PowerPoint Presentation Management’s Discussion and Analysis (MD&A) For the Financial Result for the Fiscal Year Ended December 31, 2019 B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s Discussion

, please contact Investor Relations Section of the Electricity Generating Public Company Limited at Tel: 662-998-5145-8 or Email: ir@egco.com Page 2 Management Discussion and Analysis 1. Power Industry and

term. In addition to achieving revenue growth, the company-wide cost optimization is ongoing and translated into EBITDA expansion of +9% YoY and +2.4% QoQ to stand at Bt18,905mn, a reported margin of

National rating: AA+ (THA), Outlook: Stable S&P BBB+, Outlook: Stable Source and Use of Fund: 1H19 (Bt mn) Source of fund Use of fund Operating cash flow 38,000 CAPEX & Fixed assets 9,443 Sale of equipment

from lower interest-bearing debt which decreased slightly to Bt102,800mn. The company has a spectrum liability of Bt14,267mn to be paid to the NBTC in 2H18. Total equity was Bt56,069mn increasing 11

the Revenue Department’ s challenge for the company to pay the withholding tax on revenue sharing ( see Note 20 on Contingent Liabilities). Net FX gain was Bt12mn, compared to Bt41mn in 3Q17 and Bt106mn

guarantee assets at certain banks, however, banks’ performance was still under Thailand Economic Growth Sources: Office of the National Economic and Social Development Council and Ministry of Commerce