consumption) NNP = Normalized net profit O&M = Operations and maintenance P.A. = Per annum PEA = Provincial Electricity Authority (Thailand) PPA = Power purchase agreement PTT = PTT Public Company Limited SG&A

PowerPoint Presentation MANAGEMENT DISCUSSION & ANALYSIS THE INNOVATIVE POWER FLAGSHIP OF PTT GROUP MD&A Q1/2019 PAGE 1 MANAGEMENT DISCUSSION & ANALYSIS (MD&A) Q1 2019 For Q1/2019, the EBITDA of the

of THB 39,000. After the acquisition, Master & More holds 100% of Open Play’ total shares. Open Play is a company that was granted the exclusive rights from PTT Public Company Limited to manage

located in HomePro stores of 41 branches and PTT gas stations of7 branches, whereas the two branches of Baan Krua Thai restaurant are located in PTT gas stations while the rest are located on other

PowerPoint Presentation THE INNOVATIVE POWER FLAGSHIP OF PTT GROUP MANAGEMENT DISCUSSION & ANALYSIS (MD&A) Q1/2018 GLOBAL POWER SYNERGY PUBLIC COMPANY LIMITED Management Discussion & Analysis

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Issued by JPM# A PTG41C2310A 4 Call Warrants on PTT Issued by KGI # Call Warrant on PTT Issued by KGI# A PTT13C2310A 4 Call Warrants on PTTEP Issued by KGI # Call Warrant on PTTEP Issued by KGI# A

related industrial factor, including managerial direction of an entity issuing capital market product and various business risks and [ii] analyzing past and present performance so as to forecast future

direction primarily by considering the balance of three dimensions – economy, society and environment – under good corporate governance, appropriate risk management and effective cost management. At the same

meeting, the SEC took part in the direction of the IFRS as well as proposed discussion on practical issues regarding application of the IFRS in the ASEAN countries. This is expected to ultimately lead to