Industrial Estate 169 175 3.5% 85 90 5.4% Laemchabang Industrial Estate 337 349 3.5% 175 173 -1.2% Hemraj Industrial Estate 108 112 3.9% 58 54 -7.2% Bangkadi Industrial Park 74 74 0.0% 37 37 0.0% Electricity

516 524 1.6% 173 176 1.5% Hemraj Industrial Estate 165 174 5.0% 54 62 14.5% Bangkadi Industrial Park 111 108 -2.4% 37 34 -8.9% Electricity sales to IU - Thailand 2,219 2,295 3.4% 757 789 4.2

Industrial Park 38 36 40 5.1% 12.4% WHA Eastern Industrial Estate (Map Ta Phut) 6 3 3 (44.4%) (9.2%) Electricity sales to IU - Thailand 775 731 772 (0.4%) 5.7% Electricity sales to IU - Vietnam 116 137 122 5.2

100 (18.7%) (25.5%) Laemchabang Industrial Estate 338 307 (9.0%) 166 173 134 (18.8%) (22.2%) WHA Chonburi 1 Industrial Estate 114 106 (7.3%) 57 55 50 (11.1%) (8.8%) Bangkadi Industrial Park 76 75 (1.3

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 company increased by Baht 1,154 million or 118% from Q4/2018 and increased by Baht 646 million or 43% from Q1/2018. The increase was mainly due to improved operating results of the Sriracha Power Plant and the acquisition of GLOW also contributed to an increase in EBITDA by Baht 751 million. The net...

PowerPoint Presentation THE INNOVATIVE POWER FLAGSHIP OF PTT GROUP MANAGEMENT DISCUSSION & ANALYSIS MD&A Q1/2020 PAGE 1 MANAGEMENT DISCUSSION & ANALYSIS (MD&A) Q1/2020 After fully completed the acquisition of Glow Energy Public Company Limited (“GLOW”) in December 2019, the Company holds 99.83 percent of GLOW's total issued and sold shares, therefore in Q1/2020, the company recognizes the full operating results from GLOW, together with the investment projects and projects that have been opened f...

PowerPoint Presentation THE INNOVATIVE POWER FLAGSHIP OF PTT GROUP MANAGEMENT DISCUSSION & ANALYSIS MD&A Q2/2019 PAGE 1 MANAGEMENT DISCUSSION & ANALYSIS (MD&A) Q2 2019 For Q2/2019, the EBITDA of the company was at Baht 5,402 million, increased by Baht 3,273 million or 154% from Q1/2019, and increased Baht 3,771 million or 231% from Q2/2018. this is mainly due to the immediate recognition of GLOW’s performance after the acquisition of GLOW including Independent Power Producer (IPP), Small Power P...

PowerPoint Presentation THE INNOVATIVE POWER FLAGSHIP OF PTT GROUP MANAGEMENT DISCUSSION & ANALYSIS Q4/2019& FY 2019 MD&A PAGE 1 MANAGEMENT DISCUSSION & ANALYSIS (MD&A) Q4 2019 and FY2019 Global Power Synergy Public Company Limited (GPSC) (‘company’) has finished the financial activities in accordance with the company's financial deleveraging plan from the offering of newly issued ordinary shares to existing shareholders in proportion to the number of shares held by each shareholder (Rights Offe...

PowerPoint Presentation THE INNOVATIVE POWER FLAGSHIP OF PTT GROUP MANAGEMENT DISCUSSION & ANALYSIS MD&A Q3/2019 PAGE 1 MANAGEMENT DISCUSSION & ANALYSIS (MD&A) Q3 2019 On the 9th October, after Global Power Synergy Public Company Limited (GPSC) (‘company’) have finished the Rights Offering process of Baht 74,000 million and has allocated the not exceeding 1,321,428,571 newly-issued ordinary shares to the shareholders of the Company at the offering price of Baht 56 per share. As a result, the com...

., 2011; Post and Byron, 2015; Roberson and Park, 2007; Triana et al., 2014). Moreover, women may not be given the power they need to make successful choices on some boards, which might lead to poor