Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 1 of 18 Executive Summary Revenue and profit continue to grow primarily from strong rental business performance

และการเข้าถงึใน ทุกภูมิภาค  รายไดส้ าหรับสิบสองเดือนส้ินสุดไตรมาสท่ี 3 ปี 2561 เท่ากบั 10.1 พนัลา้นเหรียญสหรัฐ เพ่ิมข้ึนร้อยละ 24 เม่ือเทียบ ปีต่อปี อตัราก าไร EBITDA ร้อยละ 13.7  Core EBITDA ของไต

Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 1 of 13 Executive Summary Revenue and net profit have growth according to the business plan In 2Q18, the Thai

Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 1 of 12 Executive Summary Growth in both revenue and net profit demonstrates the effectiveness of retail

Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 1 of 15 Executive Summary CPN’s revenues continues to grow according to its business plan. In 1Q19, the Thai

CentralPlaza Rama 2, CentralFestival Chiangmai, Central Marina and CentralFestival Samui. Revenue from hotel operations Hotel operations are considered CPN’s non-core businesses. In 2018, revenue from hotel

CentralPlaza Rama 2, CentralFestival Chiangmai, Central Marina and CentralFestival Samui. Revenue from hotel operations Hotel operations are considered CPN’s non-core businesses. In 2018, revenue from hotel

Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 1 of 15 Executive Summary The Company effectively manages all businesses to mitigate the impact of COVID-19

profit was Bt104.3mn, decreasing 28.2% YoY • Total revenue from core business was Bt667mn, decreasing 17.1% • Banking agent business (of which the Company is the agent for 6 commercial banks: KTB, KANK

18.3% QoQ.  Total revenue from core business was Bt735mn, increasing 10.2% QoQ.  Banking agent business (of which the Company is the agent for 6 commercial banks: KTB, KANK, BAY, GSB, BAAC, and SCB