PowerPoint Presentation THE INNOVATIVE POWER FLAGSHIP OF PTT GROUP MANAGEMENT DISCUSSION & ANALYSIS Q4/2019& FY 2019 MD&A PAGE 1 MANAGEMENT DISCUSSION & ANALYSIS (MD&A) Q4 2019 and FY2019 Global

. This allows EGCO to explore prospective investment opportunities in the region toward achieving its major investment targets. In 2017, despite the high competition in power industry, EGCO has

** had purchased land for a power plant construction in a corrupt manner to seek unlawful gain. The SEC’s investigation revealed actions that could constitute offenses under the Securities and Exchange Act

lease under a Power Purchase Agreement 104.5 104.9 106.3 1.3% 1.7% 206.9 211.2 2.1% Cost of sales and services (1,191.7) (1,121.4) (1,168.5) 4.2% (1.9%) (2,466.2) (2,289.9) (7.1%) Gross profit 421.6 350.0

the Civil Aviation Authority of Thailand. This certificate demonstrates that the Company’s operational management and control systems are in high standards 5and being recognized internationally. 3. The

airline customers for ground service equipment when comparing with the same period last year. 5. As of 31 December 2019, WFS-PG Cargo Company Limited (BFS Cargo) had 6 additional airline customers, causing

Catering, Worldwide Flight Services Bangkok Air Ground Handling Company Limited (BFS Ground) and WFS-PG Cargo Company Limited (BFS Cargo) were charged the area rental in discount of 50 per cent during 1

all of these projects by 2022 with 5 new power plants with new high-efficiency technology to ensure the continuity in providing high- quality services to industrial users. The strategic movement in the

by relying on consumers’ higher purchasing power. Moreover, retail players need to prepare for E-Commerce business which presents high growth lately. (Source : EIC Outlook Q2/2018) Performance Analysis

the year 2016 was Baht 3,726.68 million. The significant decrease due to the reduction of the revenue construction works of renewable energy power plants projects of private sector. The revenue from