, Germany MANAGEMENT DISCUSSION & ANALYSIS 2018 14 FEB 2019 U CITY PCL 2018 MD&A (for the year ended 31 December 2018) 3 U CITY PCL 15 MAY 2018 22 September 2018: Sansiri JV launches ‘THE BASE Saphanmai

equipment in line with the import of capital goods which partly stemmed from the relocation of the manufacturing base of hard disk drive to Thailand earlier. Meanwhile, public spending in capital expenditure

The SEC has specified the list of eligible cryptocurrencies to be used for investment in digital tokens through ICOs process and as base trading pair against digital asset exchanges. Currently

businesses, and (3) land and building transfer fee incurred from the sales of Dusit Princess Korat. Financing Cost Financing cost was THB 59 million in 2017, a decrease of 19.3% yoy due to the Company’s long

higher Base Availability Credit in 2019 compared to that of 2018. In addition, the Company recorded the profit from Fareast Renewable Development Pte Ltd acquired in December 2018 and Berkprai Cogeneration

) 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

a larger postpaid subscriber base. %Bad debt to postpaid revenue was 4.3%, compared to 3.6% in 2016, following penetration into mid- to low-tier customer segments. 4 2017 MD&A Advanced Info Service

92.4%. RESIDENTIAL SEGMENT Project Presales Backlog (THB mn) 1 THE LINE Sukhumvit 101 1,784 2 THE LINE Phahon Pradipat 1,905 3 THE BASE Petchkasem 29 1,020 4 The Monument Thonglor 708 5 THE LINE

continued to experience strong user base growth on Rabbit LinePay. Currently; Rabbit LinePay serves more than 4.5mn users, an increase of 55.2% in less than 6 months. Ongoing improvements in user interface as

mn) The Monument Thonglor 413 THE LINE Wongsawang 332 THE LINE Sukhumvit 101 933 THE LINE Phahon Pradipat 1,213 THE BASE Petchkasem 29 401 KHUN By Yoo 568 THE BASE Sapaan Mai 424 Total 4,284 For the