0.04 1.05 2,365.91 Income tax expenses (2.03) 1.86 (3.89) (209.14) Net profit (1.75) 15.77 (17.53) (111.16) Earnings before interest, taxes, depreciation and amortization (EBITDA) 17.06 33.63 (16.57

44.82 47.24 -2.42 -5.13% 12.04% 12.38% Loss from Exchange rate 0.32 0.77 -0.45 -58.30% 0.09% 0.20% Financial costs 24.93 22.98 1.95 8.47% 6.70% 6.02% Income tax expense 2.59 3.80 -1.22 -32.00% 0.69% 1.00

) 10.8% (146.1) (187.4) (41.3) 28.3% Operating Profit 190.4 217.7 27.3 14.4% 377.5 452.2 74.8 19.8% Finance Cost (30.6) (45.4) (14.8) 48.4% (58.3) (86.5) (28.2) 48.3% Tax Expenses (39.3) (35.1) 4.2 -10.7

financial 0.02 0.08 (0.06) (78.75) Expenses of tax income 5.03 6.76 (1.73) (25.61) Income above expenses / Net income 22.04 27.87 (5.83) (20.92) Profit sharing Attributed to the shareholders of the Company

of sales 39.45 40.50 10.34 9.88 Administrative expenses 47.24 43.72 12.38 10.67 Loss (profit) from the exchange rate 0.77 0.95 0.20 0.23 Financial costs 22.98 16.41 6.02 4.01 Income tax expense 3.80

, depreciation & amortization, repair & maintenance costs and insurance premium and property tax of properties owned for rental. In 1Q18, CPN reported cost of rent and services at THB 3,299 mn, an increase of 7.4

719.3 565.0 154.3 27.3 Plus: Finance Cost 471.2 449.8 21.4 4.8 Income tax expenses 180.3 159.7 20.6 12.9 Less: Interest received 27.2 33.7 (6.5) (19.4) Gain on foreign exchange - 35.4 (35.4) (100.0) Non

Cost 471.2 449.8 21.4 4.8 Income tax expenses 180.3 159.7 20.6 12.9 Less: Interest received 27.2 33.7 (6.5) (19.4) Gain on foreign exchange - 35.4 (35.4) (100.0) Non-operating revenues (1) (1.5) 0.3 (1.8

; investments in associates of Bt28 million; deferred tax assets of Bt55 million; and other non-current assets of Bt42 million. The increase in total assets of Bt649 million from December 31, 2017, was due mainly

Discussion and Analysis, Q2/2018 Page2/4 Q2/2017 Q2/2018 % Change 6M/2017 6M/2018 % Change Operating Profit 178.9 190.4 6.4% 286.8 377.5 31.6% Finance Cost (18.2) (30.6) 68.1% (34.5) (58.3) 69.0% Tax Expenses