Discussion and Analysis, Q1/2020 Page 2/4 JMT Network Services Public Company Limited Consolidated FS Q1/2019 Q1/2020 Change MB. % MB. % MB. % Administrative expenses -92.3 -16.7% -105.1 -13.7% 12.7 -13.8

period 2020 2019 Change % 2020 2019 Change % Selling expenses 104 135 (31) (23) 195 306 (111) (36) Administrative expenses 345 450 (105) (23) 727 858 (131) (15) Finance cost 102 103 (1) (1) 202 202

percent compared with Q2/2019. (4) Other Income Other income for Q2/2020 was amounted 4.8 million baht, increased 2.2 million baht or 84.6 percent compared with Q2/2019. (5) Selling and Administrative

) Separate financial statements 2020 2019 % Change Sales and Service Income 1,806.35 2,055.48 (12) Other income 51.75 17.71 192 Less Cost of Sales and Services 1,496.81 1,647.83 (9) Selling and Administrative

224.5 18.7% Other income 3.2 1.9 69.7% Cost of sales - 204.2 - 189.8 7.5% Selling expenses - 5.9 - 5.3 11.4% Administrative expenses - 18.2 - 15.0 21.4% Finance costs - 3.6 - 4.0 -8.3% Profit for the

(5.0) (6.4) 21.7 41.9 Administrative expenses 79.5 102.0 79.7 (22.5) (22.1) (0.2) (0.2) Finance income 0.1 25.8 0.1 (22.7) (99.6) - - Revenues and Costs of Sales and Services The results of operations of

- Property development - Concrete products and others 62.12 % 71.12 % - (12.65) 95.12 % 94.68 % - 0.46 1.5 Selling expenses Baht 139.63 million Baht 121.03 million Baht 18.60 million 15.37 1.6 Administrative

0.46 2.70 (2.24) (82.96) Administrative expenses (19.11) (21.86) (2.75) (12.62) Profit before finance cost and income tax 31.67 26.93 4.74 17.60 Finance cost (6.31) (2.76) 3.54 127.80 Profit before

79% Fuel Pipeline Transportation Services 21% Services Income structure in Q1/2020 Page 4 of 7 1.2.2 Administrative Expenses In Q1/2020, the Group had administrative expenses of Bt162. 1 million

184.35% Cost of Sales 140.12 41.02% 47.20 39.29% 92.92 196.86% Gross Profit 201.47 58.98% 72.93 60.71% 128.54 176.25% Selling Expenses 87.56 25.63% 4.97 4.14% 82.59 1661.77% Administrative Expenses 53.48