to owners of the parent (“net profit”) was at THB 771.9 million, +16.8% QoQ. 9M18 net profit was at THB 2,216.3 million or 78% of FY2017 profit. Excluding Unicharm sales, 9M18 normalized total revenues

% -19% Income tax expense -130 -4% -10 0% -93% Net profit 293 10% 335 15% 14% EBITDA 785 26% 880 40% 12% Normalized EBITDA1 871 29% 330 15% -62% Normalized Profit for the period after NCI1 356 12% -252

% -612 -20% -169% EBITDA 589 25% -236 -25% -140% 1,206 23% 644 21% -47% Normalized EBITDA1 439 19% -235 -25% -153% 1,114 21% 95 3% -91% Normalized Profit for the period after NCI1 1 0% -619 -67% -59762

รว่ม และกิจการ ร่วมค้า -24 -2% -85 -3% 249% ก าไรกอ่นภาษเีงนิได ้ 290 26% 423 14% 46% ภาษีเงินได ้ -31 3% -130 4% 325% ก าไรสทุธ ิ 259 23% 293 10% 13% EBITDA 480 43% 785 26% 63% Normalized EBITDA1 280 25

ค้า -33 -3% 33 1% 200% ก าไรกอ่นภาษเีงนิได ้ 294 31% 261 11% -11% ภาษีเงินได ้ 138 15% -69 -3% 150% ก าไรสทุธ ิ 432 45% 192 8% -56% EBITDA 510 53% 589 25% 15% Normalized EBITDA1 71 7% 439 19% 522

was 6.4bn, -2.1% YoY, and -9.5% QoQ Excluding one-time items and FX loss, normalized NPAT was 6.7bn, +0.9% and -0.7% QoQ Continuous 5G subscriber scale expansion and maintain a leading position in 5G

Bt6,311mn, -5.0% YoY and -8.1% QoQ. Excluding unrealized FX loss, normalized NPAT was 6,345mn, -7.0% YoY due to higher spectrum amortization and -5.8% QoQ from lower core service revenue. The full- year

last year and also in fixed costs related to production maintenance cost increased due to the earlier than expected improvement projects on the kilns. However, maintenance has normalized and the average

-time expenses in the 2nd quarter of 2020, the Company would have generated normalized net profit of 7.7 THB mm. Management Discussion & Analysis Q2/2020 Financial Statement unit 30 June 2020 31 Dec 2019

maintenance cost increased due to the earlier than expected improvement projects on the kilns. However, maintenance has normalized and the average cost of fuel has reduced so Q4 should result in lower variable