Management Discussion and Analysis ( - translation - ) For operating result of 2Q19, ended 30 June 2019 Raimon Land Public Company Limited | 14 August 2019 1 / 8 Major Events in 2Q19 and July 2019

The Stock Exchange of Thailand 1. Analysis of Overall Operating Results and Financial Position of the Company and its subsidiary 1.1 Analysis of Overall Operating Results for the Company and its

compared to Q2/2016. The company’s operating revenue in Q2/2017 was Baht 5,459 million, increased by Baht 93 million or 2% from Q1/2017, resulted mainly from the increase in operating revenue of IRPC Clean

21.8% 5.5% 2.6% Service & Administrative expenses (59.91) -8.4% (86.99) -10.5% (66.14) -7.9% -24.0% 10.4% Operating profit 119.28 16.7% 87.32 10.5% 117.67 14.0% 34.8% -1.4% Other income 44.82 6.3% 59.08

% (640.56) -79.7% 1.8% -3.6% Gross profit 184.59 21.8% 169.29 21.2% 163.64 20.4% -3.3% -11.4% Service & Administrative expenses (61.36) -7.2% (53.62) -6.7% (55.10) -6.9% 2.8% -10.2% Operating profit 123.23

Discussion Analysis FS2017 Page 2/7 Jaymart Public Company Limited 2016 2017 Change MB % MB % MB % Total Expenses 1,694 15.8% 2,098 16.6% 404 23.8% Operating Profit 782 7.3% 1,109 8.8% 327 41.9% Finance Cost

Operating Results and Financial Position of the Company and its subsidiary 1.1 Analysis of Overall Operating Results for the Company and its subsidiary for the three-month period ended March 31, 2019 Table 1

period of previous year. The total revenue of each operating segments for the three-month period ended 31 March 2019 of the Company and its subsidiaries had changed from the previous period of last year as

’ equity of THB 2,112.38 million, an increase of THB 58.32 million. The increase was due to the normal operating profit of the Company and its subsidiaries amounting to THB 150.12 million. Moreover, the

at 30 September 2018, the Company and its subsidiaries had total shareholders’ equity of THB 2,008.09 million, an increase of THB 181.71 million. The increase was due to the normal operating profit of