13,118 13,155 -1.6 % 0.3 % (Gain) loss on disposals of PPE 14 -8 76 428 % -1,020 % Management benefit expense -40 -29 -31 -23 % 7.4 % Other financial cost -4 -5 -4 5.9 % -17 % EBITDA 22,404 22,884 22,636

attributable to Owners of the Parent 295.9 700.8 (57.8%) 1,012.1 973.3 4.0% Foreign Exchange Gain (Loss) (315.3) 98.9 (418.8%) (64.7) 338.9 (119.1%) Normalized Profit attributable to Owners of the Parent 611.2

Microsoft Word - MD&A Y2018 _E_ - Final Ratchaburi Electricity Generating Holding PCL Management Discussion and Analysis For the Year Ended December 31, 2018 Management Discussion and Analysis For

Management Discussion and Analysis, for the three-month period ended March 31, 2018 The analysis of operating result for the three-month period ended March 31, 2018 Comparing accumulated operating

Management Discussion and Analysis, Q1/2019 Page 1/4 JMT Network Services Public Company Limited - Translation - Ref: IR62/007 9 May 2019 Subject: Management Discussion and Analysis, 1st Quarter

Group for the 6-month period would be Baht 316.54 million or an increase of 23.86 percent. Details of the changes or impacts are described in the Management Discussion and Analysis (MD&A) as attached

Corporate Group for the 9-month period would be Baht 446.70 million or an increase of 33.26 percent. Details of the changes or impacts are described in the Management Discussion and Analysis (MD&A) as

rate Unrealized gain from foreign exchange of the convertible bond mainly resulted in net gains on exchange rate of THB 91m in 1Q19. Page 7 of 7 Management Discussion and Analysis 1Q2019 Net Profit 1Q19

2561 FY 2562 Operating GRM Oil Hedging Inventory Gain/(Loss) Crude run (KBD) Note: 1/ Inventory Gain/(Loss) in the table included LCM 1/ (TAM) 14 Management Discussion and Analysis of Business Operation

investments in associates and JVs /3 Excluding FX impact and one-time gain/(loss) items During 2018, the Company had reported net profit of THB 2,906.8 mm, which decreased by THB 359.6 mm or 11.0%, compared to