Baht 30-Sep-19 31-Dec-18 Total Assets 28,635 30,632 Total Liabilities 19,001 20,532 Total Equity (911) 172 Minority 10,545 9,928 Gr ou p HR C Gr ou p Management Discussion and Analysis Quarter 3 Ending

EBITDA (including lease liabilities and license payable) was at 2.5x. Total equity was at Bt94,003mn, increasing 3.7% from increased retained earnings. Cash flow In 1H24, cash flow from operation (after

%. Net debt to EBITDA (including lease liabilities and license payable) was at 2.5x. Total equity was at Bt94,003mn, increasing 3.7% from increased retained earnings. Cash flow In 1H24, cash flow from

associates Property, plant and equipment Finance lease receivable Other non-current assets Equity Other non- current liabilities Long-term borrowing Debenture Other current liabilities Summary of financial

48,201 46,018 46,319 Total liabilities million baht 14,260 13,544 14,428 equity’ Total shareholders million baht 33,941 32,474 31,891 Registered capital million baht 1,259 1,259 1,259 up capital-Paid

assets million baht 45,958 48,201 46,154 Total liabilities million baht 12,952 14,260 13,680 equity’ Total shareholders million baht 33,006 33,941 32,474 Registered capital bahtmillion 1,259 1,259 1,259 up

novation has no effect to the required Debt to Equity ratio due to the MRTA is fully responsible for the loan repayment according to the concession agreement. Overview Operational Results In the third

14,329.7mn, an increase of THB 3,871.8mn from the previous year • Net debt to Equity ratio3 as of 31 December 2018 equals 0.96 times Operating result Q4/18 and 2018 Revenue and Backlog2 Source of income (Unit

Power Public Company Limited (CKP) to an unrelated company. As a result, the interest in the equity of CKP decreased from 19.34 percent to 17.83 percent. Following this sale, the Company reclassified the

262 3,018 2% (5%) 7% (3%) Total Revenues 5,425 0.4% 22,332 21,965 (2%) 21,116 20,739 (2%) Operating and administrative expenses Expected credit loss Finance costs Other expenses 2,181 1,298 550 2 3% (32