Baht Quarter 2 Year 2018 Quarter 2 Year 2017 %YoY Quarter 1 Year 2018 %QoQ Revenue from sales and services 157.7 150.6 4.7% 158.3 (0.4%) Revenue from food and beverage sales 125.5 142.0 (11.6%) 127.1

include energy drinks, sport drinks, ready-to-drink coffee and functional drinks. While energy drinks market continued its growth momentum of 5.3% in Q1’19 vs. 4.2% growth in Q4’18, the Company using multi

Sales and services 629.5 621.1 8.4 1.4% Sales of food & beverage 533.1 491.9 41.2 8.4% Total Sales 1,162.6 1,112.9 49.7 4.5% Gross Profit 228.0 191.5 36.5 19.1% Net Profit/(Loss) for the year (278.9

- Translation - OSP 11/2018 25 December 2018 Subject: Investment through its indirect wholly-owned subsidiary in a beverage company Attention: President Stock Exchange of Thailand With reference to

Veranda Resort Public Company Limited Management Discussion & Analysis Q1/2020 Management Discussion & Analysis Q1/2020 Revenue Structure Hotel 45.3% Property development 46.4% Food and beverage 6.1

897,063 (57.0%) Food and beverage revenue 639,516 959,886 (33.4%) Other revenues 276,209 348,397 (20.7%) Hotel income 1,301,172 2,205,346 (41.0%) Cost of sales and services 1,065,622 1,216,118 (12.4

158,067 235,449 (32.9%) Food and beverage revenue 172,835 219,300 (21.2%) Other revenues 66,367 77,322 (14.2%) Hotel income 397,269 532,071 (25.3%) Cost of sales and services 275,326 283,641 (2.9

local distributor of beverage products in Vietnam) to carry out a trading business of energy drink product in Vietnam. The purpose of this investment is to expand the overseas business of the Company. The

% from 2018 when the sales was 1,289.59 million baht. Resulted from Sales growth factors: (A) Cold Beverage in Dispenser, increase from gaining new outlets and launching new flavors (B) increase in number

in revenue was mainly due to the growth in sales of dessert and beverage cafés, which was a result of same-store sales growth (SSSG) and the higher sales per bill, as well as the increase in After You