Million but there was no such transaction in this year. (Translation) Bangkok Expressway and Metro Public Company Limited Management Discussion and Analysis for the year 2017 3 Segmental performance 1

Management Discussion and Analysis for the year 2018 3 Segmental performance 1. Expressway business The Company had revenue from Expressway business of Baht 10,174 Million, representing an increase from the

the previous year according to the decrease in financial cost. Segmental performance 1. Expressway business The Company had revenue from Expressway business of Baht 2,581 Million, representing an

Management Discussion and Analysis for the Quarter Ended on September 30, 2018 3 Segmental performance 1. Expressway business The Company had revenue from Expressway business of Baht 2,561 Million

accordance with Accounting Standard. Segmental performance 1. Expressway business The Company had revenue from Expressway business of Baht 2,300 Million, representing a decrease from the same quarter of the

Million, respectively. (Translation) Bangkok Expressway and Metro Public Company Limited Management Discussion and Analysis for the Quarter Ended on September 30, 2020 3 Segmental performance 1. Expressway

non-cash transaction. Segmental performance 1. Expressway business The Company had revenue from Expressway business of Baht 2,608 Million, representing an increase from the same quarter of the previous

investment which is non-cash transaction. Segmental performance 1. Expressway business The Company had revenue from Expressway business of Baht 2,521 Million, representing an increase from the same quarter of

net profit margin of the Company in 1Q 2018 was therefore (8.9)%, versus 5.8% in 1Q 2017. SEGMENTAL PERFORMANCE 1Q 2018 REVENUE CONTRIBUTION BY SEGMENT 1Q 2018 REVENUE GROWTH CONTRIBUTION In 1Q 2018

91mn from a net loss of THB 162mn over the same period in the previous year. The net profit margin of the Company in 2Q 2018 was therefore (14.2)%, versus (21.7)% in 2Q 2017. SEGMENTAL PERFORMANCE 2Q