ordinary shares, valuing at Baht 10 each. The capital will be fully paid, and is expected to be completed by May 2019. 1.2 Signing of financial documents for Collector Wind Farm in the Commonwealth of

bonus due to the unforeseen circumstances that might happen in the future. There was also financial support policy from Social Security Board for COVID-19 by reduced 5% employer’s monthly contribution to

% EBITDA margin 45.4% 47.1% 41.5% Net profit margin 20.6% 24.3% 21.5% 1As shown in financial statement, excluding minority interest. PERFORMANCE ANALYSIS (2Q 2018/19 vs 2Q 2017/18) VGI continued to

no futher consideration the related issue. 3. Appointment of Independent Financial Advisor (IFA) to give the opinion on the acquisition of assets and also submits this opinion to Securities and

minimum of 70% of net profit to preserve financial health and flexibility for future growth. (See the full guidance for FY18 on page 7) Significant Events 1. AWN, AIS’s subsidiary, has released the results

. Financial Costs For the year ended 31 December 2018, the Company had financial costs in total of THB 67.37 million, a decrease of THB 17.72 million or 20.83% from the year of 2017 due to the fact that the

and Analysis For the 1 st Quarter Ended 31 March, 2018 Page 2 2. Operation performance according to consolidated financial statement Unit : Million Baht 2018 2017 Revenue from sale and rendering of

. Financial Costs For the nine-month period ended 30 September 2018, the Company had financial costs in total of THB 49.11 million, a decrease of THB 12.88 million or 20.78% from the same period of 2017 due to

, PBSB is now a subsidiary of MACO, and the consolidation of its financial performance has also begun in this quarter. INDONESIA – GENERATING PROFIT SINCE THE FIRST COMMERCIALISATION IN APRIL 2019

130,357 130,274 2 Forth Smart Service Public Company Limited (FSMART) 1Q2020 Management Discussion and Analysis Financial Statement Summary in 2Q2020 Statement of Comprehensive Income Total Revenue Total