life and non-life insurance brokerages. The business is focus on support hire purchase loans insurance services of Ratchthani Leasing Public Company Limited. Net profit for the second quarter of 2020 was

7,539 million Baht, increased by 29% YoY, supported by revenue from the ESSE Asoke which has started the transfer since December 2018 and operating profit contributed from the new acquisition of Outrigger

beverage sales 142.0 55.3 157% 127.9 11% Total 293.0 184.2 59% 283.4 3% Gross Profit (Loss) 60.9 52.0 17% 53.4 14% Net Profit/(Loss) for the Period (8.2) (68.1) 88% (88.8) 91% Net Profit/(Loss) from the

Restaurant Business During the Period (THB Mn) 2,020.0 2,046.5 Same-Store Sales Growth: SSSG (%) (2) 7.4% -5.3% Growth of Revenue from Restaurant Business (%) 19.7% 1.3% Remark: (1) Outlets owned by the Group

Page 1 of 10 Management Discussion & Analysis Q3/2024 1. Overview of Business Operations, Economy, and Industrial Conditions Affecting Operations In Q3/2024, Thailand's economic outlook shows signs

Significant Event Operating Highlights in Q1/2024 Q1/23 Q1/24 Change +/(-) (THB million) %YoY Operating Revenue 264 340 29% Gross Profit 168 226 35% EBITDA 80 113 41% Net Profit (Loss) for the Company 34 54 59

ended 31 December 2017, which net profit has changed more than 20% from the last year as follows: Statement of Comprehensive Income Unit: Million Baht 31 December 2017 31 December 2016 Increased

% - - Administrative expenses 5.47 26.53% 6.83 37.37% (1.36) (19.94%) Total expenses 10.39 50.47% 11.64 63.75% (1.25) (10.73%) Profit before finance cost and income tax expenses 10.20 49.53% 6.62 36.25% 3.58 54.09

2nd Quarter Changes 2019 2018 Amount % Revenue from expressway business 2,521 2,477 44 1.8 Revenue from rail business 1,162 1,162 - - Revenue from commercial development business 179 160 19 11.9

Total revenues 375.89 317.58 18.36 Net profit margin 57.61% 60.53% 2.92 Selling Administrative expenses 156.73 151.58 3.40 Selling Administrative expenses margin 41.70% 47.73% 6.03 Earnings before