32% EBITDA 96 135 41% 177 248 40% Net Profit (Loss) for the Company 43 73 70% 77 127 65% Gross Profit Margin (%) 64.2% 66.5% 2.3% 64.1% 66.5% 2.4% EBITDA Margin1 (%) 31.8% 35.5% 3.7% 31.1% 34.3% 3.2

margin guidance of 45-47% is maintained with the 9M18 margin at 46.2%. Market and Competitive Environment The mobile fixed-speed unlimited offerings have continued to take on more subscribers, limiting the

: Depreciation & Amortization (496.7) (10.2%) (459.6) (9.7%) +37.1 +8.1% EBIT 502.7 10.4% 454.5 9.6% +48.2 +10.6% Less: Finance Costs (53.9) (1.1%) (71.5) (1.5%) -17.6 -24.6% Less: Corporate Income Tax (93.2) (1.9

from last year. The main reasons were as follows:- 1. The consolidated sales increased by Baht 169.06 million or 5.66% due to the company recognized project income of Baht 187.42 million in percentage of

-19.77 Gross profit 54.53 34.05 38.46 4.41 12.95 -16.07 -29.47 Profit (Loss) from exchange rate 3.00 3.24 0.48 -2.76 -85.19 -2.52 -83.98 Other Income 0.65 2.02 1.18 -0.84 -41.63 0.53 82.79 Gain from

international business from Master Ad Public Company Limited as a result of the coronavirus pandemic.  Recorded net profit of THB 12mn with a net profit margin 1.7%. KEY BUSINESS AND STRATEGIC UPDATES 1

11.86% Finance cost 19.72 18.41 (1.31) (6.64%) Income tax expenses 17.98 22.21 4.23 23.53% Net profit 70.57 80.50 9.93 14.07% Net profit ratio (ROS) 20.41% 18.98% Earnings per share (Baht) 0.13 0.15 0.02

% Finance cost 35.09 41.36 6.27 17.87% Income tax expenses 37.04 42.24 5.20 14.04% Net profit 139.02 150.12 11.10 7.98% Net profit ratio (ROS) 19.92% 17.25% Earnings per share (Baht) 0.26 0.28 0.02 6.92

1 1. ANALYSIS OF FINANCIAL PERFORMANCE For the 6 months ended June 2018, East Water Group had total consolidated sales and services income of 2,093.08 million Baht, decreased by 155.99 million Baht

49.34 17.69% Finance cost 49.11 68.10 18.99 38.67% Income tax expenses 48.04 57.52 9.48 19.73% Net profit 181.71 202.58 20.87 11.49% Net profit ratio (ROS) 17.16% 15.74% Earnings per share (Baht) 0.34