Cogeneration SPP 25.01 120.0 30.0 Jan 2019 CCE Waste to Energy VSPP 33.33 6.9 2.3 4Q2019 Total 252.8 64.5 OVERALL PERFORMANCE Operating Expense  Administrative Expenses increased from Baht 69.3 million in 2016

expenses amounted to Baht 1,364 Million representing an increase by Baht 220 Million or 19.2 percent mainly from the pre-operating expense of the new project which cannot be recorded as cost of construction

Baht 2,451 Million representing an increase from the same quarter of the previous year by Baht 89 Million or 3.8 percent mainly from the increase in operating expense and amortization. Selling and

VSPP 100% 14.3 14.3 2Q2019- 1Q2020 CCE Waste to Energy VSPP 33.33 8.6 2.9 4Q2019 Total 23.0 17.2 OVERALL PERFORMANCE Operating Expense  Administrative Expenses increased from Baht 8.4 million in 1Q2018

Solar VSPP 100% 4.9 4.9 4Q2018- 1Q2019 Gulf NLL2 Gas-fired Cogeneration SPP 25.01 120.0 30.0 Jan 2019 CCE Waste to Energy VSPP 33.33 6.9 2.3 4Q2019 Total 131.8 37.2 OVERALL PERFORMANCE Operating Expense

the same quarter of the previous year by Baht 25 Million or 9.9 percent mainly from the pre-operating expense of the new project which cannot be recorded as cost of construction according to accounting

.  Further manage down its OPEX to minimize spending.  Continue its quest for new projects with controllable risks and sustainable returns, in and beyond Thailand, targeting area’s in Energy, Eco and

Enterprise&Others +14% +28% +29% +11% +4.2% Mobile business,71% 4 FY19 MD&A Advanced Info Service Plc. 4G network, fixed broadband, and 1800MHz spectrum license acquired in Sep-18.  Network OPEX & TOT

its OPEX to minimize spending.  Continue its quest for new projects with controllable risks and sustainable returns, in and beyond Thailand, targeting area’s in Energy, Eco and Materials. M&A targets

will be generated to invest in new M&A targets.  Further manage down its OPEX to minimize spending.  Continue its quest for new projects with controllable risks and substantial returns, in and beyond