%) Executive Summary PAGE 2 MANAGEMENT DISCUSSION & ANALYSIS (MD&A) Q3 2019 Operating performance by plant in Q3/2019 The company’s gross profit was at Baht 5,467 million in Q3/2019 which decreased by 535
value measured from net assets acquired in proportionate holding on GLOW’s shares PAGE 3 MANAGEMENT DISCUSSION & ANALYSIS (MD&A) Q2 2019 Operating performance by plant in Q2/2019 The company’s gross
higher demand of automotive parts in the country. Moreover, the revenue in South America zone increased by 11% from new customers and rental mold income. The revenue in Africa and European zones decrease
sales for this period. Moreover, portion of sales was changed. The changed were export sales to Asia zone dropped especially in sales to main customer in Saudi Arabia, while domestic sales increased from
Airport (UTP) Area: 1,040 Hectares (6,500 Rai) • Consists of business and facilities in the UTP, including a commercial gateway, cargo terminal, aviation training center, an MRO center, and Free Trade Zone
management especially from the Cogeneration power plants. Although in 2017, the Sriracha Power Plant had lower dispatch volume to Electricity Generating Authority of Thailand (EGAT) compared to 2016 due to the
Q4/2019 or 38%. This increase contributed mainly from the increase in Availability Payment (AP) from Sriracha Power Plant corresponding to the depreciation of Thai Baht against US Dollar, while the
Baht 110 million in Quarter 3 2019 or increased by 43% from the sales of OEM of Toyota, IZUZU and Mitsubishi. What is more, the revenue in South - 4 - America zone increased by 14% one of the main
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
Plants (CUP 1-3) and IRPC Clean Power (IRPC-CP) declined. Additionally, there was a decrease in revenue from Availability Payment (AP) of Sriracha Power Plant due to a lower Weight factor during the rainy