long-term loan from Financial Institutions in 2019. Dusit Thani PLC Management Discussion and Analysis For 4Q19 and FY2019 P a g e | 6 Net Profit In 4Q19, the Company had the net profit including

and Analysis for 2018 To : Director and the President The Stock Exchange of Thailand Summary of the Company’s Financial Position and Operating Result for the 3 and 9 month period ended 30 Sep. 2018

172.65 178.85 (6.21) (3.47) Earnings before interest and taxes (EBIT) 10.58 32.79 (22.21) (67.73) Financial costs 4.75 0.72 4.04 559.72 Income tax expenses (2.87) 2.86 (5.73) (200.35) Net profit 8.70 29.21

245 million, interest payment of THB 54 million, and repayment of long-term loan of THB 42 million offsetting with the proceed of short-term loans from financial institutions THB 2,780 million and the

consideration within November 14, 2017. However, the Company has not yet received such requested plan. At present, Blue Finix has been facing financial liquidity problem. In the Annual General Meeting of the

securities on the SET and start trading on the 15 December 2017. The conversion of DTCPF to DREIT is a part of the Company’s business plan to strengthen financial capability. Dusit Thai Properties PCL, the

its investment in biomass powerplants to account for non-current assets held for sale. UWC plan to reinvest the proceeds in a higher return business to accommodate growth and streamline the company’s

held for sale. UWC plan to reinvest the proceeds in a higher return business to accommodate growth and streamline the company’s efficiency. PERFORMANCE OVERVIEW 2 | MANAGEMENT DISCUSSION AND ANALYSIS

-y). Representing operating margin before financial expenses and income taxes (EBIT margin) at 39.7% compared to 40.9% of Q2/2016. As a result, EBITDA was amounted to Bt489.0 million, a decrease of

installing machines, totaling THB 2,979 million . The dividends paid amounted THB 950 million. During the year, the Company received short and long term loan from financial institution totaling THB 2,335