year-end, we have a sizable order backlog for ERP implementation and good sales pipeline. The recurring and non-recurring income of HMCG : Table 3: The break down revenue by recurring & non-recurring

2,808 million and 13.8% y-on-y in 6M’2019 to Baht 5,221 million due to portfolio expansion through COD and acquisitions as mentioned. • EBITDA margin increased q-on-q to 25.8% in Q2’2019 from 1) a 2.4% q

amounting to THB 6.8bn in media capacity nationwide. OOH media is expected to continue to grow substantially on the back of mass transit line expansion both domestically and internationally, new office

-100% Gross Margin 116.33 120.29 -3% % Gross Margin 29.6% 28.5% 1% % Gross Margin (exclude non-recurring cost) 29.6% 30.4% -1% Administrative Expenses before Adj. 39.49 41.45 -5% Adj. staff benefit

gain / (loss) from FX – Non-recurring income / (expense) KEY FINANCIAL HIGHLIGHT Sales and Service Income • Sales and service income increased 13.5% year- on-year from Baht 27,747 million in 2016 to Baht

% EBITDA margin (%) 27.3% 27.9% NNP margin (%) 9.7% 9.5% % NNP - Owner of the parent 58.6% 59.1% Remark: *Normalized net profit = Net profit – Unrealized gain (loss) from FX – Non-recurring income / (expense

38.3 12.7 14.5 33.5 For the 3-month period ending 31 Mar 17 31 Mar 18 Note: 1/ Energy Drinks and Sport Drinks 2/ Drinking Water, 3-in-1 Coffee and RTD Coffee The capacity expansion projects to support

) the full period contributions from 820 MW expansions in last year and the acquisition of 123 MW Angthong Power in March 2020, 2) continued expansion of industrial user base with 26 MW PPA from new

held on 4 January 2018 27 April 2018: Exploring further expansion opportunities. Vienna International Hotelmanagement AG (VI) signed a non-binding letter of intent (LOI) with Nakheel PJSC, the largest

Normalized Net Profit (NNP) to owner to THB 674 million in Q2’2020, despite unfavorable economic situation from COVID-19 pandemic. Key growth drivers were 1) continued expansion of portfolio capacity to 3,019