. For 1H2018, Gross Profit Margins, excluding Other Income from Utilities Business was 34.4% improved from 30.3% in 1H2017, maily from increased of sales volume and lower maintenance cost. Power Business

) (5.3%) Gross Profit 234.4 213.1 (21.3) (9.1%) Gross Profit Margin 44.5% 42.7% GPM before adjustment with PPA 47.8% 46.2% Share of Profit from Investments in Power Associates 210.7 552.4 341.7 162.2

& Analysis Management Discussion & Analysis (MD&A) Q4/2017 and FY2017 Executive Summary Executive Summary 1 For 2017, Global Power Synergy Public Company Limited (GPSC) (“the company”) had a net profit of Baht

For Q2/2017, Global Power Synergy Public Company Limited (GPSC) (“the company”) had a net profit of Baht 815 million, increased by Baht 65 million or 9% from Q1/2017. The increase is due to not only

companies 2/ EBITDA from Marketing Business of the Company, Bangchak Green Net Co.,Ltd., Bangchak Retail Co., Ltd., and share of profit from associated companies 3/ EBITDA from Power Plant Business of BCPG

52.1 52.7 60.9 8.2 52.4 54.3 1.9 Solar Engergy Power Plant 55.9 58.0 48.9 51.0 2.1 50.0 53.4 3.4 Gross Profit by Segment 33.4 33.6 33.8 33.2 (0.6) 35.9 33.5 (2.4) Gross Profit Margin Gross profit

business which increased from 43.5% last year, resulting from change in product mix between industrial/processing water and raw water. Share of Profit from Investments in Associates from Power Business

Company, Bangchak Green Net Co.,Ltd., Bangchak Retail Co., Ltd., and share of profit from associated companies 3/ EBITDA from Power Plant Business of BCPG Plc., its subsidiaries, and share of profit from

Management Discussion & Analysis (MD&A) Q2/2018 Executive Summary Executive Summary For Q2/2018, Global Power Synergy Public Company Limited (GPSC) (“the company”) had a net profit of Baht 1,052 million

the first quarter of 2023 for the amounting to Baht 17.4 million. 4 Gross Profit and Gross Profit Margin Q1-2022 Q1-2023 THB Mn THB Mn THB Mn % Biomass Power Plant 263.2 243.7 (19.5) (7.4%) Natural Gas