Thailand is the Institute of Directors (IOD). The assessment relies on publicly available information provided by companies in English such as Form 56-1 One Report, notices of meetings, shareholder meetings
-31% EBITDA 88 137 -36% 141 -38% 229 348 -34% EBITDA Margin (%) 2.7% 3.2% -0.5% 5.1% -2.4% 3.8% 3.9% -0.1% Stock Gain/(Loss) & NRV -58 -149 -61% -74 -22% -132 -382 -65% Adjusted EBITDA(1) 146 286 -49
-50% 273 637 -57% EBITDA Margin (%) 1.4% 7.8% -6.4% 2.7% -1.3% 3.0% 5.1% -2.1% Stock Gain/(Loss) & NRV 13 -57 -123% -58 -122% -119 -439 -73% Adjusted EBITDA(1) 31 346 -91% 146 -79% 392 1,076 -64
of GHECO-One 6 Normalized Profit for 2018 is adjusted with Write Off tax and Adjustments of Revenue Levelization (TFRS 15) for comparison purposes. Normalized Profit for 2019 has effects from TFRS 15
the same period of 2019 because of increasing of wage, welfare for employees etc. 5. Other expenses 5.1 Doubtful account In the third quarter 2020, company and subsidiaries has adjusted the doubtful
Performance Exhibit 1: Consolidated Company’s Performance comparison of 4Q2019 vs. 4Q2018 vs. 3Q2019 vs. FY2019 vs. FY2018 Note: (1) Adjusted EBITDA refers to EBITDA excluding impact of Stock Gain/(Loss) and
adjustments under TFRS 15 of GHECO-One 6 Normalized Profit for 2018 is adjusted with Adjustments of Revenue Levelization (TFRS 15) for comparison purposes. Normalized Profit for 2019 has effects from TFRS 15. 7
-One and Dividends Received from Investments in Glow IPP. 5 Revenue Levelization adjustments under TFRS 15 of GHECO-One 6 Normalized Profit for 2018 is adjusted with Write Off tax and Adjustments of
775.3 -36.7% Normalized Share of Profit from Investments is adjusted from Share of Profit by excluding (i) Foreign Exchange Loss / (Gain), (ii) One-time Accounting Adjustment which is the revision of