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 acquisition of Glow Energy Public Company Limited (“GLOW”) in December 2019, the Company holds 99.83 percent of GLOW's total issued and sold shares, therefore in Q1/2020, the company recognizes the full operating results from GLOW, together with the investment projects and projects that have been opened f...

standard established that after any business acquisition, the fair value of the company being acquired must be measured by using comparable present market value, GPSC has completed the process. When compared

. Pimauma Jakrajutatip who neither were present nor offered any opinion on this agenda item. Opinion of the Board of Directors : The execution of such connected transaction with JKN Landmark Co., Ltd., as the

Project, OFC ICONSIAM, True Coverage Expansion, Underground Electricity System - Nirvana (Rama9-Krungthep Kreetha). However, the revenue from the business decreased as in 2018 the delivery units of

Coverage Ratio (times) -3.59 3.38 Earnings Per Share (EPS) -0.953 0.162 Weighted Average Common Stockholders' Equity (million shares) 1,983.93 1,767.22 Please be informed accordingly. Yours faithfully

3,132 0.8% 3,412 0.9% Current Assets 42,155 12% 41,188 11% Current Ratio (times) 0.4 0.4 0.5 Spectrum license 110,219 31% 137,829 37% Interest Coverage (times) 14 16 16 Network and PPE 122,518 35% 117,184

42,155 12% 33,762 9.5% Current Ratio (times) 0.4 0.5 0.4 Spectrum license 110,219 31% 134,802 38% Interest Coverage (times) 13.4 16 16 Network and PPE 122,518 35% 116,704 33% Debt Service Coverage Ratio

1 , the consolidated coverage ratio of allowance for expected credit loss to NPL (NPL Coverage ratio) was at 255% increased from 230% from fiscal year of 2020 and increased from 243% from last quarter

Spectrum license 131,775 37% 128,813 36% Interest Coverage (times) 16 16 16 Network and PPE 117,844 33% 115,800 33% Debt Service Coverage Ratio (times) 3.7 4.5 4.6 Right of use 50,574 14% 48,827 14% Return

network and coverage to drive 5G leadership. Revenue from interconnection charge (IC) and NT partnership was at Bt3,193mn, dropped -2.9% YoY from lower IC rate and -1.4% QoQ following lower network traffic