19% 3,997 3,838 -4% Income tax expenses 286 35% 768 815 6% 731 728 -0.4% Net profit for the period 1,104 35% 2,643 3,122 18% 3,266 3,109 -5% Earnings Per Share (Baht per share) 4.42 35% 10.57 12.49 18

share equaled to 0.12 baht. 4 ASIA’S BOUTIQUE AIRLINE Notable Events Airline Business 1. The Company has revised flight frequencies due to passenger seasonal demand and has increased flight frequencies

of $141 vs $101 in 2Q LTM 2017  The Asian business is on the path to recovery with 2Q 2018 LTM Core EBITDA per ton of $92 vs $68 in 2Q LTM 2017 driven by Asia PTA margin recovery while Asia PET

million, increased by Baht 475 million or 82% from Q4/2018, and NNP margin increased by 2% as there was a major overhaul of the Independent Power Producer (IPP) in Q4/2018 compared to Q1/2019. Also, NNP

statements The net profit and net profit margin of the Company and subsidiary companies decrease 5.34% and 0.81% respectively. The income recognition of three projects completed in Q1/2018 accounts for 32% of

45.4% 281.47 45.9% 43.76 18.4% SG&A 97.62 18.7% 120.70 19.7% 23.08 23.6% EBIT 140.09 26.8% 160.77 26.2% 20.68 14.8% Share of Gain in Associates - - 1.94 0.3% 1.94 - Interest Expenses 0.63 0.1% 0.43 0.1

derived from the inventory which accounts for 79% of the income recognized in Q3. The gross profit margin is thus lower than 30%. However, the Company is able to control the expenses on sale (excluding

per share equaled to 0.38 baht. 4 ASIA’S BOUTIQUE AIRLINE Notable Events Notable events in year 2017: 1. The Company has increased flight frequencies, operated new routes and terminated underperforming

. %Gross Profit Margin Mil THB TBSPTKS %GP 82 88 51 23 Q2 18 Q2 19 111 - 16.5% 26.3% 18.8% 27.2% 18.6% 8.6% 22.7% 133 6M19 % GP H1 19 H1 18 As Reported Total GP 22.1% 22.8% Company 27.2% 24.6% TBSP 15.6

payment from unappropriated retained earnings of THB 0.0313 per share to shareholders whose name appear on the record date on 8 May 2018. The payment date is on 25 May 2018. Management outlook and future