Page 2 Management Discussion and Analysis 1. Significant events in the second Quarter of 2019 1.1 The progress in construction projects - Xayaburi Project, a project of the Xayaburi Power Company Limited

Group’s inventory as at September 30, 2019 accounts for 25.94 percent of the total assets, of which 20.79 percent are finished products, 21.45 percent are work in progress and 45.67 percent are raw

after debt for capex and investments in progress that are not generating revenue and earnings as on date given. Figure 1 :Repayment Schedule of Long Term Debt 1 Includes various projects underway which

20.64 percent are finished products, 18.57 percent are work in progress and 49.64 percent are raw materials. The Corporate Group conducts inventory inspection every month and has employed accounting

1,200 - 1,500 million per year. However, this expansion plan can be adjusted depending on changes of future situation. Progress of fire accident According to fire accident which affected production

fixed interest % 71% 62% Credit Rating by TRIS AA- AA- 1 Net debt after debt for capex and investments in progress that are not generating revenue and earnings as on date given. Figure 1 :Repayment

buildings above ground and on-progress piling works that scheduled to be completed at the end of 2020. The sales gallery and mock-up rooms of Dusit Residences and Dusit Park Side will be opening in August

fixed interest % 73% 62% Credit Rating by TRIS AA- AA- 1 Net debt after debt for capex and investments in progress that are not generating revenue and earnings as on date given. Figure 1 :Repayment

payments for constructions and purchase of fixed assets decrease by Baht 99.7 million from Krabi Solid Waste Power Plant, which progress is done in December 2020. Rights to service under concession

service (EPC) and solar cells implementation of Combine Heat and Power Producing Company Limited (CHPP) as the revenue recognition is based on the progress of ongoing projects. Quarterly Comparison of