pressure on mobile revenue resulting in a -0.7% YoY drop, but with a lesser magnitude compared to a drop in 1H21 vs 1H20 of -2.2%. The broadband business continued to be a key engine of growth, growing the

optimization of stock management and the delaying of all but essential capital expenditure, as well as concise management of cash flow, working capital, and financial liquidity has resulted in achieving the

favourable operating results by achieving gross profit margin since Q1- 2020. 2 | MANAGEMENT DISCUSSION AND ANALYSIS FOR Q2-2020 PERFORMANCE OVERVIEW 2020 2019 % 2019 2019 % 211.21 267.12 -20.93% 445.85 613.01

for Biofuel Business, performance declined from crude palm oil price drop which led to inventory loss. In the quarter, the company and its subsidiaries realized inventory loss of THB 1,096 million, and

reflecting increased consumption demand and value-focused strategy. AIS is committed to enhancing service quality to address the rising demands of digital behavior. After achieving over 95% 5G coverage, AIS is

airline business slightly declined by 0.6 percent from highly intense competition which caused the average fare to drop by 6.0 percent, particularly in Indochina routes. This was a consequence of increasing

business to Bangkok Air Catering Phuket Company Limited, a subsidiary of BAC. Average meal produced for the third quarter and nine-month period of year 2018 drop by 28.7 percent and 23.7 percent respectively

9M19, 43% drop from 9M18 and THB 41m in 3Q19, 65% declined from 3Q18, due mainly to the decrease in revenue from business management service. Page 6 of 8 Singha Estate Public Company Limited Management

, the significant drop in net gearing ratio attributed to the repayment of loan facility to the acquisition of Outriggers of 5,357.8m from the net proceeds of SHR’s IPO in November 2019. Nevertheless, the

% YoY with a YoY drop in net earnings of 213%, reflecting non-operating items incurred in 3Q16 and 3Q17 performance. For comparative purpose, without non-operating items, such as gain (loss) on exchange