-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

already been appointed for more than 3 terms or 9 years. Besides, progress on anti-corruption policy will also be monitored for the 2nd year (continued from 2014). Vorapol Socatiyanurak, SEC Secretary

and Analysis EXECUTIVE SUMMARY ABBREVIATION & OUR PROJECTSFINANCIAL PERFORMANCE FINANCIAL POSITION PROGRESS OF PROJECTS UNDER CONSTRUCTION EXECUTIVE SUMMARY 1 2019: A remarkable year with 40% capacity

654 252 651% (62%) Performance without non-operating items 1 Adjusted EBITDA 282 148 280 (1%) 90% Note: 1 includes gain (loss) from foreign exchange rate, professional fees in relation to M&A activity

relation to a project development under BMP-8 and ii) write-off project in progress of THB 0.42 million. The Group Company had terminated the development of three renewable energy projects in Japan because

qualified opinion as well as appointment of independent directors who have already been appointed for more than 3 terms or 9 years. Besides, progress on anti-corruption policy will also be monitored for the

and Analysis EXECUTIVE SUMMARY SIGNIFICANT EVENTS ABBREVIATION & OUR PROJECTSFINANCIAL PERFORMANCE FINANCIAL POSITION PROGRESS OF PROJECTS UNDER CONSTRUCTION EXECUTIVE SUMMARY 1 Successful commercial

Discussion and Analysis EXECUTIVE SUMMARY SIGNIFICANT EVENTS ABBREVIATION & OUR PROJECTSFINANCIAL PERFORMANCE FINANCIAL POSITION PROGRESS OF PROJECTS UNDER CONSTRUCTION EXECUTIVE SUMMARY 1 MOU signing with

units. Adjusted net profit grew by 10.3% YoY to THB 228mn. Please find more details of the Company performance in performance analysis 2Q 2017/18. During Royal Cremation Ceremonies for the late King in

% 1,783 2,401 34.7% EBITDA 347 524 50.9% 1,357 1,691 24.6% Adjusted EBITDA1 350 535 52.7% 1,238 1,779 43.6% EBIT 252 413 63.9% 1,010 1,258 24.5% Interest expenses 10 17 64.9% 32 88 176.1% Tax 39 66 70.8