summary of the Company’s operating performance in 2018 and 2017 is shown in the following table: FY2018 FY2017 % Change FY2016 % Change [Amount in Baht Million] Y-o-Y Y-o-Y [2018 VS. 2017] [2017 VS. 2016

-1- AIT (VP-SEC) 016E/2019 May 7, 2019 Subject: Management's Discussion and Analysis of Operating Results for Q1-2019 To: The President of The Stock Exchange of Thailand Summary of Operations Q1

% decrease and equivalent to the gross margin of 1.44 % and -1.12 %, respectively. The increase of gross margin was from gaining the reimbursed construction cost from the company’s joint venture of Baht 5.73

increase of a number of 100 million shares by right offering (RO) to existing shareholders at a proportion of 3.89996876 new ordinary shares/1 held share and also 100 million shares by private placement for

margin of 23.5 percent. The details on the performance of the companies in the group can be described as follows: Summary of Income Statement Q3/2018 Q3/2017 Change 9M/2018 9M/2017 Change MB MB % MB MB

Microsoft Word - MDA_1Q18_DTC_ Eng V2.9 Dusit Thani PCL Management Discussion and Analysis For 1Q18 P a g e | 1 Executive Summary The company reported net profit of THB 230 million in 1Q18 driven

For Q2/2017, Global Power Synergy Public Company Limited (GPSC) (“the company”) had a net profit of Baht 815 million, increased by Baht 65 million or 9% from Q1/2017. The increase is due to not only

Management Discussion & Analysis (MD&A) Q2/2018 Executive Summary Executive Summary For Q2/2018, Global Power Synergy Public Company Limited (GPSC) (“the company”) had a net profit of Baht 1,052 million

highest record for the third consecutive year, in terms of the cash collection of 3,204 million Baht, increase which was a result of the efficiency of collecting and the potential of the debt that the

-1- AIT (VP-SEC) 026E/2017 7 November, 2017 Subject: Management's Discussion and Analysis of Operating Results for Q3-2017 To: The President of The Stock Exchange of Thailand Summary of Operations Q3