consolidated operating revenue of THB 137 million in Q2/2021 and THB 317 million in 1H/2021, decreased by 5% from Q2/2020 and 13% from 1H/2020, respectively. • The decrease was mainly from the decline in

Dusit Thani PLC Management Discussion and Analysis 4Q18 and FY2018 P a g e | 1 Executive Summary The Company reported net profit of THB 119 million in 4Q18, a decrease of 59.0% from the same period

2017, the total revenue from sales and services of the Company and its subsidiary (together referred to as the “Corporate Group”) was Baht 1,092.71 million, which decreased from the same period of

2019 of Baht 596.1 million, representing a growth of 9.8% from 2018 mainly due to the increase in both revenue from sale of goods and revenue from rental and rendering of services, increased gross profit

expenses 44,286 44,583 (297) (0.7) 35,188 33,921 1,267 3.7 Total Expenses 69,816 71,272 (1,456) (2.0) 58,278 58,348 (70) (0.1) Profit from operating activities 27,420 16,247 11,173 68.8 36,289 27,586 8,703

Company”) reported consolidated operating revenue of THB 115 million in Q3/2021 and THB 431 million in 9M/2021, decreased by 42% from Q3/2020 and 23% from 9M/2020, respectively. • The decrease was mainly

subsidiaries (“the Group”) as follow: * Extraordinary items from non-operating, consists of unrealized gain (loss) on exchange rate of receivable under finance lease and gain (loss) on forward contracts

% 4,669.2 4,458.3 (4.5%) Revenue from finance lease under a Power Purchase Agreement 105.2 106.3 102.8 (3.3%) (2.3%) 312.1 314.0 0.6% Cost of sales and services (1,168.7) (1,168.5) (1,272.2) 8.9% 8.9

to the same period last year, this is caused by followings: Consolidated financial statements Revenues 1. Total sales of 180.93 Million Baht was 5.14 Million Baht or 2.76% decrease from the same period

. Revenue from Sales In 2018, the Company’s revenue from sales is Baht 1,144.99 million, which resulted in an increase of Baht 199.94 million or 21.16% when compared with the revenue from sales in 2017. Such