and Front-End Fee 41.31 2.84 Page 7 Asset and Capital Transaction Initial Cost (Baht million) Initial Cost (percent) 6. Start-up Expense 54.03 3.71 7. Working Capital 41.40 2.84 Total Expenses of the

. Start-up Expense 54.03 3.71 7. Working Capital 41.40 2.84 Total Expenses of the Project Investment 1,456.31 100.00 6. The Basis of the Value of Consideration Paid The Company will enter into the assets

% in the 2nd quarter of 2018 from the 2nd quarter of 2017. Because ships can be serviced as usual after the overhaul was completed. Selling expenses The Company and its subsidiaries’ selling expense

. LIQUIDITY AND CASH FLOW (THB mn) *After tax and net tax refund (THB -153mn) and interest expense (THB -33mn) **Included translation adjustment of (THB 2.3mn) For the six months ended 30 September 2018, cash

same periods of the previous year, or decreased by 0.7 percent for three month period and increased by 3.7 percent for the 1st half year respectively. The majority of selling expense was sale personal

% Administrative expenses 112 128 (12%) Bad and doubtful debts expense 64 0 100% Finance costs 124 63 96% Total expenses 9,115 3,457 164% Profit (loss) for the year (311) 65 (579%) Basic profit (loss) per share (in

99.27%. - In 3rd quarter of 2017, no cost of service. Selling expenses The Company and its subsidiaries’ selling expense consist of domestic freight. As of the 3rd quarter of 2018 was THB 1.68 million

/Interest expense Dusit Thani PLC Management Discussion and Analysis 3Q18 and 9M18 P a g e | 9 Profitability ratio remained resilient in 3Q18, showing improved EBITDA margin and net profit margin. Liquidity

รด้อยค่ำสินทรัพย์ (write-off/impairment) รำยได้ (ค่ำใช้จ่ำย) ท่ีมิได้เกิดขึ้นเป็นประจ ำ (one-time income/expense) ฯลฯ Kanyaphat_p Highlight Kanyaphat_p Highlight Kanyaphat_p Highlight Kanyaphat_p

4.7% in the corresponding period last year, due to the same reasons mentioned above. Also, the Company had recognized an additional expense of THB 9 million regarding the new labour protection law to