-6.3% 1.5% SSSG of Hardline segment -4.4% -0.1% SSSG of Food segment 1.1% 2.2% (1) Other income comprises revenue earned primarily from promotional, advertising income and logistics and distribution

% 0.3% SSSG of Hardline segment -4.5% -2.6% SSSG of Food segment 1.5% 1.0% (1) Other income comprises revenue earned primarily from promotional, advertising income and logistics and distribution income

40,268.20 21 32,077.80 17 27,473.80 15 22,875.10 16 39,307.30 20 29,123.00 15 32,858.10 21 17 Paper and Printing Materials 18 Fashion 50.00 1 50.00 1 500.00 1 19 Transportation and Logistics 8,000.00 1

ต้นทุนค่าเสื่อมราคาและค่าตัดจ าหน่าย Operating highlight in Q2/2018 Q2/17 Q1/18 Q2/18 Change +/(-) 1H/17 1H/18 Change +/(-) (THB million) QoQ YoY YoY Operating revenue 5,459 5,716 6,563 15% 20% 10,825

compared to prior quarter owing to the higher transportation during travel season and fuel traders M.7.’s preparing the stock of biodiesel B10 which would soon be the mandatory diesel shift from biodiesel B7

number of Chinese tourists significantly rose by 11.0 percent in this quarter which resulted from the political tension between China and South Korea, causing the Chinese tourists to shift their 2 ASIA’S

Brunei and Qatar, trading of new product in the market such as MTBE, additional revenue from logistics management and freight trading, furthermore the fostering of strong ties with trade partners and

shareholding of Mr. Chanet will change from holding of ordinary shares in the amount of 31,665,220 shares and preferred shares in the amount of 2,544,750 shares, equivalent to 24.30 percent of the total paid-up

the EEC. Three MOUs have already been signed for development of the aviation and logistics industry including MOU for aircraft maintenance center, MOU for air cargo development, and MOU for aviation and

บริษัท เอน็ซีแอล อนิเตอรเ์นช่ันแนล โลจสิตกิส ์จ ำกัด (มหำชน) NCL INTERNATIONAL LOGISTICS PUBLIC COMPANY LIMITED ที่ NCL-M 03/63 วนัท่ี 27 กมุภาพนัธ ์2563 เรือ่ง ค าอธิบายและวิเคราะห์ของฝ่ายจัดการของ