Equity Coverage Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) 1 of 10 Performance Overview Continuous growth in both revenue and net profits, attributed to

Public Company Limited (“the Company”) reported 1Q2020 total revenue of THB 2,186m, decreased by 27% YoY. The major driver of such decline was 56% drop in revenue from sales of house and condominium due to

take-home and delivery services to full capacity in order to meet the consumer demand. Meanwhile, during this time with reduced revenue, the Group has taken immediate and significant measures to control

1,677 100% 1,977 100% (300) (15%) 2 EMS business The Company had revenue from EMS business for the first quarter of 2019 amounting to Baht 394 million, a decrease of Baht 82 million or a decrease of 17

decrease was mainly due to the lower revenue from enterprise solution business. The Group’s profit for the third quarter of 2019 amounted to Baht 112 million, which was decreased by Baht 25 million or an

MANAGEMENT DISCUSSION & ANALYSIS 2Q 2020 13 AUG 2020 U CITY PCL 2Q 2020 - MD&A (for three-month and six-month period ended 30 June 2020) 1 U CITY PCL 2Q 2020 KEY FINANCIAL HIGHLIGHTS • Total revenue

increase and debenture issuance result in an appropriate capital structure and financial ratio that could be fairly to peers comparison in the same industry as well as support the investment in current and

Q1/2017 (If excluding construction revenue under concession agreement of 990.07 million Baht, the total consolidated sales and services income would decrease by 74.75 million Baht or 7.02% compared to

in the past. As a result of this economic situation, the Company's revenue from sales and services increased by Baht 31.61 million from the same quarter of last year. The forecast of the minimum wage

or 6.94% compared to Q2/2017 (If excluding construction revenue under concession agreement of 1,980.48 million Baht, the total consolidated sales and services income would decrease by 120.25 million