from operating activities Profit (loss) for the period (1,337) 1,281 196% Adjustments for Depreciation and amortisation 1,395 1,426 (2%) Interest income (2) (2) (31%) Finance costs 816 746 9% Dividend

% Provision for a gurantee of subsidiary - - Witholding tax write-off 39 12 69% Finance costs 1,102 995 10% Interest income (6) (4) 32% Dividend income (0) - 100% Employee benefit obligations - Current service

% Adjustments for - Depreciation and amortisation 895,183 925,671 (3%) Interest income (1,686) (1,830) (8%) Finance costs 576,231 535,347 8% Dividend income - (208) (100%) Unrealized loss (gain) on exchange rate

key components were from (i) cash paid for capital expenditure THB (2,060)mn, (ii) cash received from sale of current investments THB 900mn, (iii) dividend received of THB 388mn, (iv) interest received

(34) (31) (10%) Dividend paid (0) (69) 100.0% Net Cash flows from (used in) financing activities (131) 210 (162%) Exchange differences on translating financial statements 5 4 36.6% Net increase

million. • The net cash flow from financing activities of THB 33 million was from the repayment of long-term loans and dividend payments. Dusit Thani PCL Management Discussion and Analysis For 2Q18 and 1H18

of the first six-month period of the year 2018 in the amount of Baht 3,258.46 million 4.3.2 The dividend payment in accordance with shareholders' resolution in the Annual General Meeting of

million or 19.63 percent from the previous quarter, due mainly to declines in net premiums earned, revenue from capital market products as a result of one-time sales of securities, and dividend income

% Treasury shares 0 (114) 100.0% Finance costs paid (66) (63) (6%) Dividend paid (0) (69) 100.0% Net Cash flows from (used in) financing activities (277) 343 (181%) Page 7 (Unit: Baht Million) 31 Dec 2019 31

Company made an interim dividend payment which was made from 2019 Net profit at THB 0.045 per share on 21 May 2020 or totaling of THB 308.42m. On 20 July 2020, the bond holders of the Company’s convertible