European fixed income – trends and analysis SEC Classification : ใชภ้ายใน (Internal) - R E S P O N S I B L E I N V E S T M E N T - ESG Incorporation & Investment Strategies in Fixed Income Carmen
Including other income and share of profit from investments in associates and JVs /2 Gross profit including share of profit from investments in associates and JVs /3 Normalized Total Revenue = Total Revenue
targeted to be 19,684 megawatts in 2036. In 2017, the government has continuously promoted power generation from renewable energy occupied with lower development cost. This resulted in a continuous growth of
expenses 825.1 641.2 28.7% 767.8 7.5% Loss on impairment of assets 355.0 816.7 (56.5)% - N.A. EBITDA (19.0) (422.2) (95.5)% 411.9 N.A. Share of profit/loss from JVs/associaties (equity income) 9.4 1.3 606.8
) (193.6) 45.2% (194.2) 44.8% Share of profit/loss from JVs/associates (equity income) (238.4) (22.5) (962%) 99.4 n.a. Reported Net Profit/Loss (806.6) (238.4) (238%) 1,752.2 n.a. GOP margin (%) 51.8% 56.8
to 26.69% of the total number of investment units issued and sold of CPNRF). In addition, the tax incentive of CPNRF unitholders for the personal income tax exemption and the tax incentives of a
%) 145.66 (238.67%) 83.89 8.05% 0.74 0.88% Other Income 1.06 0.10% 14.21 3.80% (13.15) (92.54%) 1.48 0.14% (0.42) (28.38%) SG&A (29.96) (2.91%) (27.48) (7.34%) 2.48 9.02% (34.84) (3.34%) 4.88 14.01% Tax
administrative expenses2 (974.0) (770.2) 26.5% (700.0) 39.2% EBITDA 508.5 176.2 188.6% 131.6 286.4% Finance cost (200.8) (218.9) -8.3% (193.6) 3.7% Share of profit/loss from JVs/associates (equity income) 284.1
42.1% Share of profit/loss from JVs/associaties (equity income) (24.7) 3.4 N.A. 8.6 N.A. Finance cost 458.2 113.0 305.5% 208.1 120.2% Reported Net Profit/Loss (253.7) (162.5) 56.1% (80.8) 213.9% GOP
)% Selling and administrative expenses 734.0 173.5 323.1% 709.2 3.5% Operating EBITDA* 237.5 178.2 33.3% 371.6 (36.1)% Share of profit/loss from JVs/associaties (equity income) 8.6 (2.2) N.A. 0.3 N.A. Finance