record high depreciation cost in full which did not correspond to such low utilization of production and machinery. The Company engaged independent engineering expert to inspect and appraise the assets and

debt repayment of Bt9.3bn in the quarter. Profit In 1Q18, AIS reported Bt18,905mn of EBITDA, increasing 9% YoY and 2.4% QoQ, following operational improvement. This implied a reported EBITDA margin of

different from any future results, performance, or achievements exprESSEd or implied by such forward‐looking statements. None of the future projections, expectations, estimates or prospects in this

implied by those statements. Many of the factors that could cause actual results, performance, achievements of or events involving Tesco to differ materially from the expectations of Tesco are outside of

appraisa t appropriate iscount not praiser, and he asset app Value Ap Financia and/o Appraise 3 65 5 2 1,3 s in subsidiari nately in acco s, not include the f 30 Septembe will require the ny. ed on average

reappraisal basis, if the businesses can reliably appraise the fair value. Under the reappraisal basis, such reappraisal shall be made with a sufficient frequency to ensure that the book value does not differ

performance, discussing with property manager to appraise and seeking solution for problem solving; (2) REIT manager shall give opinion whether or not and how property manager operates under budget plan or

achievements exprESSEd or implied by such forward‐looking statements. None of the future projections, expectations, estimates or prospects in this presentation should be taken as forecasts or promises nor should

CONSTRUCTION ABBREVIATION & OUR PROJECTS Management’s Discussion and Analysis B.GRIMM POWER PUBLIC COMPANY LIMITED12 Disclaimer None of the Company makes any representation or warranty, express or implied, as to

uncertainties which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking