to mid-single digit, while maintaining EBITDA outlook with low-single digit decline and CAPEX of around Bt35bn. Market and Competitive Environment In 3Q20, mobile competition remained stable as all

shareholders Operating results for the year 2019, 2018, and 2017 Unit: Baht million 2019 % 2018 % Increased (Decrease) % 2017 % Increased (Decrease) % Revenue and Services Income 51,171.6 100.00 53,066.6 100.00

cost such as marketing expenses considering unfavorable market conditions, significant decline in revenue, only a marginal decrease in some type of fixed cost such as land rental fee and depreciation

still intense competition together with exchange rate fluctuations causing the sales of this product of the company to decrease. However, the company expects that with the strength of sale channel and

the third quarter of 2018, Sales stood at 2,101.1 million baht or an decrease of 308.3 million baht or 12.8 percent decline as compare to the same period last year. For 9- months period of 2018, the

business. However, compared to Q1/2017, revenue decreased by 3% QoQ, mainly from the decline of finished product’s average price. 2. Gross Profit was recorded at THB 2,363 million a decrease of 45% YoY and

Natural Gas Power Plant decreased from the decrease in unit rate which is adjusted in line with the decline in average Natural Gas price, comprised of planned-shutdown of Natural Gas Power Plant in the

palm oil price and glycerine price in 1Q2109 was significantly decreased, attributed to a decline in by-product’s revenue. Furthermore, the company had impact from a decrease in crude palm oil price

5th floor MBK center. 2 / 4 • Total expenses decrease 21% are directly impacted by lower sales revenue. Moreover, changing in business mix strategy, eg. Closing 1 of 2 food court at 5th floor MBK center

decrease of 5.0% and 7.7% compared with same period of last year as a result of service price adjustment for the hospitals under Social Security Scheme for severe diseases had decreased from 12,800/AdjRw to