) Financial costs (0.14) (0.34) (0.68) (111.47) Share of loss of joint venture (107.17) (261.90) (89.50) (14,672.13) Total expense (285.27) (697.14) (433.67) (71,093.44) Loss prior to income tax (272.97

(unit: THB million) 2019 (2nd Quarter) Percentage 2018 (2nd Quarter) Percentage associate Management benefit expenses (8.67) (113.63) (9.84) (1,929.41) Financial cost (0.08) (1.05) (0.10) (19.61) Share of

; An individual’s holding under Paragraph 1 shall include the shares held by his spouse or any minor child; “common person group” means the persons with one or more of the following relationships: (1

, nevertheless, more likely to impair this capacity BBB+ BBB BBB- Baa1 Baa2 Baa3 BBB+ BBB BBB- Speculative Grade This group involves speculative elements – capacity for continued payment of commitments is

start to recognize revenue from the solar power plant in Japan, Ichinoseki Solar Power 1GK (ISP1). This marks an important milestone for GPSC and PTT group in expanding its power business abroad also

expenses (4.51) (59.97) (5.21) (2,480.95) Financial cost (0.03) (0.40) (0.06) (28.57) Share of loss in associates (15.06) (200.27) (11.71) (5,576.19) Total expenses (32.57) (433.11) (33.99) (16,185.71

impairment of investments in associate (0.01) (0.05) (1.64) (268.85) Management benefit expenses (11.30) (58.89) (14.16) (2,321.31) Financial cost (0.12) (0.63) (0.14) (22.95) Share of loss in associates

life insurance. “company” means limited company or public limited company. “conglomerate” means group of legal entities having relationship in respect of shareholding structure, provided that every legal

PowerPoint Presentation MANAGEMENT DISCUSSION & ANALYSIS (MD&A) Q2/2018 GLOBAL POWER SYNERGY PUBLIC COMPANY LIMITED 0 THE INNOVATIVE POWER FLAGSHIP OF PTT GROUP Management Discussion & Analysis

% 652 4.2% Selling expense 11,890 18.8% 12,285 23.0% (395) (3.2%) Administrative expense 4,911 7.7% 4,043 7.6% 868 21.5% Share of profit of associates and joint ventures 79 0.1% 28 0.1% 51 185.5% Profit