Highlights - FY19 Net profit* was at THB 3,259 million (+8.4% YoY), with net profit* margin of 12.7% (+30 bps YoY), where the improvement mainly came from growth in revenues of core businesses and favorable

services volume at BKK and DMK of 1,357 million liters, with the growth rate increased by 0.5%(y-o-y) and the total flights increased by 2.4%(y-o-y) to 69,441 flights. While for the first six months of 2017

and Analysis (MD&A) For Q2/2017 2 - HRC cash margin (excluding depreciation) in Q2-2017 was achieved at THB 1,033/ton, lower by 72% from last year quarter. - Sale volumes (Coil tons) and production

Unit: million Baht 31 March 2019 31 December 2018 Fin an cia l St at us Total Liabilities 4,359 5,607 Total Asset 17,144 18,824 Total Equity 12,785 13,218 The Company’s Operating results during the

and the relevant risk exposure. The effectiveness of this registration statement neither represents that the Ministry of Finance of Thailand, the Securities and Exchange Commission or the Office of the

an increase in total revenue of 81% YoY. These were mainly from a (one-time) recognition of an upfront 50-year lease payment of a certain office space at Singha Complex and higher contribution from

Osotspa Public Company Limited Q1’19 Management Discussion & Analysis 14 May 2019 Q1’19 Management Discussion & Analysis Page 1/6 Financial Highlights - Q1’19 Net profit* was at THB 888 million

Discussion and Analysis For the Operating Results ended September 30, 2018 Report and Analysis of the Operating Results In Q3/2018, the amount of aviation fuel services volume at BKK and DMK totaling up to

operational staffs as well as allowing supporting staffs to work from home for instance. For Q1/2020, the EBITDA of the company was at Baht 4,951 million, increased by Baht 835 million or 20% from Q4/2019, and

(8,363 rooms) under the Company’s management at the end of 2019. As for Elite Havens, the number of properties under its management has increased to a total of 270 luxury villas (1,117 rooms). The Company