PowerPoint Presentation MANAGEMENT DISCUSSION & ANALYSIS (MD&A) Q4/2018 and FY2018 GLOBAL POWER SYNERGY PUBLIC COMPANY LIMITED 0 THE INNOVATIVE POWER FLAGSHIP OF PTT GROUP Management Discussion & Analysis Management Discussion & Analysis (MD&A) Q4/2018 and FY2018 Executive Summary Executive Summary For 2018, Global Power Synergy Public Company Limited (GPSC) (“the company”) earned a net profit of Baht 3,359 million, slightly increased by Baht 184 million or 6% from 2017. The increase was due to...

0.06 4.18 0.05 Animals and plants - net 522.68 10.46 554.37 9.32 501.95 7.11 475.91 5.95 Property, plant and equipment - net 3,681.42 73.63 4,726.71 79.46 6,140.87 86.96 7,227.80 90.40 Advances for

Hydrocracking Unit’s gas Compressor, which led to a temporary halt of the unit to assess and maintain the mentioned equipment in March. Currently, the unit has returned to normal working conditions. However its

(LAC) reduced by THB 1,535 million from share price of CAD 11.18 as of 31st December 2017, to be CAD 6.98 as of 31st March 2018.  Property, plant and equipment net decreased by THB 133 million

investment (LAC) of which share price reduced from CAD 11.18 as of 31st December 2017, to be CAD 6.19 as of 30th June 2018.  Property, plant and equipment net increased by THB 50 million, investment was made

of 31st December 2017, to be CAD 7.03 as of 30st June 2018.  Property, plant and equipment net increased by THB 1,020 million, investment was made primarily in 1.) refinery machinery of THB 1,517

87,281 58,364 28,917 50% Property, plant and equipment, net 52,782 56,361 (3,579) (6%) Other non-current assets 32,666 40,350 (7,684) (19%) Total Assets 208,523 206,428 2,095 1% Liabilities Current

associated, net and advance payments for investment 49,325 63,208 (13,883) (21.96%) Property, plant and equipment, net 61,723 62,420 (697) (1.12%) Other non-current assets 49,741 51,629 (1,888) (3.66%) Total

Property, plant and equipment 308,280,467.50 - Deferred tax assets 1,340,280.31 65,676.15 Advance payment for machinery - 59,153,123.00 Know-how License 9,832,500.12 9,832,500.12 Other non-current assets

852.92 12.76 Investment property 709.98 9.84 713.57 10.09 676.99 10.13 Property, plant and equipment 1,227.76 17.01 1,257.31 17.79 1,350.33 20.19 Intangible assets 39.32 0.54 37.27 0.53 41.66 0.62