GFPT Public Company Limited Interim Management Discussion and Analysis for the 3rd Quarter 2019 Page 1 of 13 Management Discussion and Analysis This interim MD&A report has been prepared based on the
(excluding fuel cost) 1,650.88 1,719.03 (68.15) (4.0) Revenue from finance lease contract 721.06 814.45 (93.39) (11.5) Share of profit of associates / joint ventures 1,154.33 1,084.03 70.30 6.5 Other incomes
increased by 406.13% from the average selling price in 2nd quarter of 2019. Currently, Company only sell to some industrial customers, which entered into short-term contract with specific quantities and
government orders. The Company entered into short-term contract with specific quantities and delivery term (Made to Order). This helps the Company to efficiently control inventories aging and procurement that
revenue from construction. As specified in the contract, the subsidiary shall transfer assets when the contract ends. The Group’s management assessed the agreement in accordance with TFRIC 12 ‘Service
lives of building improvement and electrical system for leased building. The estimates were previously set based on the Revenue Code. These estimates were then revised to align with the lease contract
(the “Investment Disposal Transaction”). The Board of Directors’ consideration and approval of such disposal of investment in SUTG is in line with and based on the results of consideration and study on
investment in SUTG (the “Investment Disposal Transaction”). The Board of Directors’ consideration and approval of such disposal of investment in SUTG is in line with and based on the results of consideration