-19 Interest coverage ratio (time)** 0.36 -1.03 4.22 ** =EBIT/Interest expense Dusit Thani PLC Management Discussion and Analysis For 1Q20 P a g e | 8 2020 Outlook In addition to the domestic and the

provided the reward for customers by organized the activities to maintain the customers base and well received by the customers. The bank has provided the services in the various deposit accounts such as

provided the reward for customers by organized the activities to maintain the customers base and well received by the customers. The bank has provided the services in the various deposit accounts such as

last year. This was a result of an increase in marketing expense by 26% from BigC campaign since the beginning of the year and increase in personal expense by 12% caused by increasing employment of the

Expenses (130.8) (152.9) -14.5% Finance Costs (366.6) (459.9) -20.3% Share of Profit from Investments in Associates and Joint Ventures 2,047.4 1,936.1 5.7% Income Tax (Expense) Income (49.1) (18.2) 170.4

expenses for the year-ended December 31, 2018 decreased Baht 5.2 million due to last year consultation fees on Transforming organization towards sustainability while no other expense incurred in this year

Joint Ventures 207.9 553.8 345.9 166.4 Income Tax (Expense) Income 0.0 (2.9) (2.9) N/M Profit attributable to Owners of the Parent 185.1 569.9 384.8 207.9 Non-Controlling Interests 0.0 0.0 0.0 0.0 1

Adm Fina Net Management Jaymart Public es promotion ing Expense ministrative E ance Cost Profit Total Reve The Comp 3,066.8 m ratio at 17 baht highe The reaso 1. 2. 3. Gross Pro The Comp 2017 equa when

rate, one-time income/expense, in the 3Q16 and 3Q17 performance, EBT in 3Q17 would have declined by 449% YoY, reflecting higher financial costs (interest expenses) from convertible bonds worth US$180mn

has planed to generate more fee base incomes in the future. Expenses In the nine-month period, the consolidated expenses that consisted of operating and administrative expense, bad debt and doubtful