PowerPoint Presentation MANAGEMENT DISCUSSION & ANALYSIS THE INNOVATIVE POWER FLAGSHIP OF PTT GROUP MD&A Q1/2019 PAGE 1 MANAGEMENT DISCUSSION & ANALYSIS (MD&A) Q1 2019 For Q1/2019, the EBITDA of the

) directors and management (2) persons with controlling power (3) major shareholders of the Company; or (4) other companies having the persons specified in (1), (2), or (3) as major shareholders or persons with

with the Company : Buyer has no relationship with the Company or (1) directors and management (2) persons with controlling power (3) major shareholders of the Company; or (4) other companies having the

completed) 1. Directors, Management and Controlling parties are i) possess qualifications and not possess any prohibited characteristics or any characteristics indicating a lack of appropriateness to be

Investor and High Net Worth Investor; “management” shall have the same definition as specified in the Notification of the Securities and Exchange Commission concerning Issuance and Offering for Sale of

used in business operation 6. Future projects 7. Legal disputes 8. Other important information 2.3 Management and corporate governance 9. Information on securities and shareholders 10. Management

of the NYK Group, will provide benefits to the the Company as follows: 1. Investing in LRT for an additional 29 percent is one of the objectives for the use of funds from the Company’s IPO and listing

B.Grimm power plants, 6) medical equipment in Lao PDR and 7) surgical masks to South Korea. The 5 GW PPA target is maintained for 2022 while prudent investment analysis and risk management have always been

due to expiring tax benefits. Profit EBITDA in FY22 was at Bt89,731mn, decreasing by -1.8%YoY from lower operating profit as an impact from normalized marketing expenses and high utility cost. EBITDA

V3 22/02/61 10:09 น. 0 V3 22/02/61 10:09 น. 1 Management Discussion and Analysis Overview of the Economy and Banking Industry Thai Economy in 2017 In 2017, Thailand’s real GDP grew by 3.9 percent, up