Page 1 of 8 Singha Estate Public Company Limited Management Discussion and Analysis 3Q2019 Executive Summary Singha Estate Public Company Limited (“the Company”) reported 9M19 total revenue of THB

Microsoft Word - S - MDA 4Q19_EN Page 1 of 7 Singha Estate Public Company Limited Management Discussion and Analysis 2019 Executive Summary Singha Estate Public Company Limited (“the Company

Performance for Q1’19 Consolidated Income Statement Summary Unit: THB mn Q1'19 Q1'18 % YoY Q4'18 %QoQ Total revenues 6,512 6,340 2.7% 6,519 -0.1% Total revenues from sales 6,366 6,110 4.2% 6,333 0.5% Beverages

administrative expenses as mentioned above. Summary of the 2nd quarter/6-month Financial Position as ended 30 June 2018 The total 6-month income as ended 30 June, 2018 was Baht 61.63 million whereas Baht 165.23

Margin -17.27% -1.18% Net Profit Margin -98.99% -121.11% Debt to Equity Ratio (Time) (16.47) 3.18 Total Expenses Summary of the Annual Operating Result as ended 31 December 2019 Construction Income In 2019

60.85 million increased from Baht 37.70 million from the second quarter of the year 2019 of Baht 23.15 million or 61.41% from the issuance of short-term and long-term debentures. Summary operating results

Page 1 of 7 Management Discussion and Analysis 1Q2019 Executive Summary Singha Estate Public Company Limited (“the Company”) reported 1Q19 Total revenue of THB 3,000m, increased by 167% YoY. The

Page 1 of 7 Management Discussion and Analysis 2Q2019 Executive Summary Singha Estate Public Company Limited (“the Company”) reported 2Q19 total revenue of THB 2,355m, increased by 147% YoY. 300

08:34 Acquisition of asset transaction 15/10/2020 17:37 Notification on Establishment of a New Subsidiary 19/02/2020 13:08 Progress of the Joint Venture Agreement relating to the investment in high-end

market; (2) progress on the Digital Asset Regulatory Sandbox and Digital Asset Custodial Wallet Provider projects; (3) amendment to the SET's regulations  concerning monetary fines for capital market