Profit from Core business after tax = Net profit from the acquiring assets x 100 Total net profit of the Company 0.21% 3. Gross value of Reward = Total investment cost Total assets of the Company 0.02% 4

o Advertising revenue decreased by 5.5% to THB 261mn o System integration services revenue was recorded at THB 428mn • EBITDA increased by 22.2% to THB 109mn • Net profit from operation decreased by

shopping mall business, which is CPN’s core business, continues to perform strongly, especially on a same-store basis that continues to grow in terms of revenue and operating profit, which is in-line with

sale decreased 3.71 percent from consolidated. The main revenue generated from furniture as the core business was approximate with the previous year. Other income increased significantly from interest

Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 1 of 13 Executive Summary Revenue and net profit have growth according to the business plan In 2Q18, the Thai

(for nine months of 2019, total revenue increased 10.3% YoY and net profit increased 6.2% YoY). The shopping mall business, which is CPN’s core business, continues to perform strongly, especially on a

realized income of non-performing loans and expected credit losses. 2) Reclassification of investments and fair value from unrealized gain (loss) on investments are part of “profit (loss) from financial

Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 1 of 12 Executive Summary Growth in both revenue and net profit demonstrates the effectiveness of retail

100.0% 12,622 100.0% 1,921 18.0% Total Cost of Sales and Services 8,729 81.6% 10,030 79.5% 1,301 14.9% Gross Profit 1,972 18.4% 2,593 20.5% 621 31.5% Sale Promotion Income 438 4.1% 511 4.0% 73 16.6% Other

same-store basis, gross profit ratio rose 1.5% YoY whilst operating profit ratio dropped 0.7% YoY. The gross profit ratio for the rent and services business, which is CPN’s core business, stood at 49.4