was 0.58x, remained at the end of 2017. 21,378.2 8,801.2 12,577.0 23,773.3 9,724.0 14,049.3 0 5,000 10,000 15,000 20,000 25,000 Total Assets Total Liabilities Total Shareholder Equity 31-Dec-17 31-Dec

Commerce and remained using the abbreviation “WIIK”. Wiik Water Company Limited (WW)  Principally engaged in the consultant and planning for pipe installation system and providing High Density Polyethelene

improvement of residential business and organic growth of hotel business. Residential and hotel businesses remained the Company’s key revenue contributors, contributing 57% and 24% of total revenues in the 9M17

positively, private consumption remained robust through amid still- weak inflation. On 10th July, a new cabinet was formed that should largely see policy continuation; however, given the coalition’s slim

169 million. Dusit Thani PCL Management Discussion and Analysis For 1Q18 P a g e | 6 *Annualized ** = EBIT/ Interest expense The Company’s profitability remained resilient in 1Q18, showing improved

fruition and helped Golden Lime to record sales in Q1 2018. The steel industry continued to expand at the start of 2018 as infrastructure and auto demand remained strong. Further volume increase is

revenue dropping by 1% as some of the synergies of integrating Saraburi Quicklime start to take effect. Looking at H1 2018 vs H1 2017 SG&A as a percentage of revenue remained constant. On the COGS side

Equity ratio as of August 31, 2018 remained constant at 3.9 times. Return on Equity (ROE) and Return on Asset (ROA) for six month period are 21.6% and 4.3%, respectively. The Company also announces to pay

as of November 30, 2018, remained constant at 3.9 times. Return on Equity (ROE) and Return on Asset (ROA) for nine month period are 21.5% and 4.3%, respectively.

fixed toll revision every 10 years in accordance to the concession which revenue sharing remained as current proportion. 4. The Completion Commercial Operation of MRT Blue Line Project On March 30, 2020