Selling Price (THB./ton) 20,702 17,403 HRC Cash Margin (THB./Ton) 891 1,033 Unit: million Baht 30 June 2018 31 December 2017 Fin an cia l St at us Total Liabilities 5,774 5,492 Total Asset 19,743 19,546

Price (THB./ton) 20,715 18,079 HRC Cash Margin (THB./Ton) 483 1,423 Unit: million Baht 30 September 2018 31 December 2017 Fin an cia l St at us Total Liabilities 4,801 5,492 Total Asset 18,459 19,546

(up 272.7% YoY) largely as a result of the increase in total revenue and the EBITDA margin rose to 31.5% (2018; 13.0%) • Reported net profit of THB 1,867mn (up 394.9% YoY), from aforementioned higher

margin fell to 1.7% (1Q 2019; 9.0%) • Reported net loss of THB 807mn (down 238% YoY), from the aforementioned lower EBITDA as well as higher share of loss from joint ventures and higher depreciation and

expenses as a result of Company’s response plan to COVID-19. EBITDA margin fell to -17.7% (2Q 2019; 22.3%) • Reported net loss of THB 1,213mn, from the EBITDA shortfall as well as higher share of loss from

profit. 2. GROSS PROFIT FROM HOTEL OPERATIONS In the second quarter of 2020, the negative gross margin of hotel operations was THB 12.31 million. The hotel operations had the negative gross margin

189.03 million or -83.40% resulted to gross profit margin of the first quarter of the year 2020 was at 14.62% slightly decreased from the first quarter of the year 2019 which was -49.40%. 3 Selling and

Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 8 of 15 Revenue from rental and services business decreased 3.6% YoY, cost increased 1.8% YoY while, gross profit margin stood

เพ่ือการลดความเสี่ยง แตเพ่ือเพ่ิมประสทิธิภาพในการบริหารการ ลงทุน กองทุนจึงมีความเสี่ยงมากกวากองทุนรวมท่ีลงทุนในหลักทรพัยอางอิงโดยตรง เน่ืองจากการ Leverage ของตราสารอนุพันธ ท่ีมี การใชเงินลงทุนในจํา

)  EBITDA and EBITDA margin was THB 977mn and 14.0%, respectively, surging by 578.0% or THB 833mn, largely as a result of the aforementioned reasons above and lower loss on impairment of assets  Reported net