. other income) 49% 50% 48% (2%) (1%) 49% 50% 1% Operating Profit Margin (exc. non-recurring item) 37% 37% 37% 0% 0% 38% 39% 1% Consolidated Earnings (THB mn) % Change QoQ (2Q17 vs 3Q17) % Change YoY (3Q16

contract term. In this MDA material, we present financial income statement based on pre-TFRS for comparison with FY18. 2. In 2Q19, AIS received an allocation of 700MHz spectrum (2x10MHz bandwidth). The

of THB 754 mn and net profit at THB 85 mn). The difference versus GLAND’s reported statement of comprehensive income mainly comes from the investment properties that the Company recorded at the time of

of THB 754 mn and net profit at THB 85 mn). The difference versus GLAND’s reported statement of comprehensive income mainly comes from the investment properties that the Company recorded at the time of

PROJECTS UNDER CONSTRUCTION EXECUTIVE SUMMARY 1 B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s Discussion and Analysis Sales and service income, EBITDA, and NNP for 9M’2017 hit record high; EBITDA margin

35.74 Total liabilities 209.95 219.14 226.79 Shareholders’ equity Registered 10.00 86.00 86.00 Issued and fully paid-up 10.00 86.00 86.00 Retained earnings (deficit) 34.78 50.35 76.10 Total shareholders

POWER PUBLIC COMPANY LIMITED Management’s Discussion and Analysis KEY FINANCIAL HIGHLIGHT Sales and Service Income  Sales and service income increased 6.6% y-on-y and 5.1% q-on-q to Baht 8,156 million in

Income  Sales and service income increased 8.6% y-on-y and 8.0% q-on-q (Baht 16,961 million in 6M’2018 / Baht 8,805 million in Q2’2018), primarily due to an increase in revenue from ABPR3 that was fully

108,803,656 133,755,071 (24,951,415) (18.66) Net Profit (Loss) (72,320,514) (72,280,526) (39,988) (0.06) Earnings per share (Baht per share) (0.015) (0.016) 0.001 6.25 Net Profit (Loss) The Company and

1,881.1 2,047.4 -8.1% Income Tax (Expense) Income (42.8) (49.1) -12.7% Profit attributable to Owners of the Parent 2,137.2 2,251.9 -5.1% Foreign Exchange Gain (Loss) 344.5 55.3 523.1% Write Off Tax 0.0