MANAGEMENT DISCUSSION & ANALYSIS 1Q 2018 15 MAY 2018 U CITY PCL 1Q 2018 MD&A (for the quarter ended 31 March 2018) 1 U CITY PCL 15 MAY 2018 1Q 2018 KEY FINANCIAL HIGHLIGHTS  Total revenue rose

growth across all product groups. 2017/18’s revenue in OOH media segment rose considerably 32.7% YoY, representing a contribution of 90.4% to total revenue or THB 3,559mn. The growth in OOH media revenue

4G demand and prepaid-to-postpaid conversion, while prepaid segment saw a slower pace of decline. 4G penetration rose to 54% from 39% in 2Q17, which has driven data volume of usage (VOU) to currently

media segment rose considerably by 32.1% YoY, representing a contribution of 92.5% to total revenue or THB 997mn. The growth in OOH media revenue resulted from synergies from the O2O Solutions, a higher

MANAGEMENT DISCUSSION & ANALYSIS 2Q 2018 14 AUG 2018 U CITY PCL 2Q 2018 MD&A (for the quarter ended 30 June 2018) 1 U CITY PCL 15 MAY 2018 2Q 2018 KEY FINANCIAL HIGHLIGHTS  Total revenue rose

% comparing to the previous quarter (QoQ) and 12.2% from the same period of last year (YoY). Long steel consumption rose to 1.63 million tons or increased by 34.6% QoQ and 22.8% YoY. Flat steel consumption also

MANAGEMENT DISCUSSION & ANALYSIS 3Q 2018 14 NOV 2018 U CITY PCL 3Q 2018 MD&A (for the quarter ended 30 September 2018) 1 U CITY PCL 15 MAY 2018 3Q 2018 KEY FINANCIAL HIGHLIGHTS  Total revenue rose

(up 272.7% YoY) largely as a result of the increase in total revenue and the EBITDA margin rose to 31.5% (2018; 13.0%) • Reported net profit of THB 1,867mn (up 394.9% YoY), from aforementioned higher

quarter of 2020 was averaged at USD 248/mt. FOB, increased from the previous quarter at USD 240/mt. FOB, and pig iron Russia export price of the first quarter of 2020 averaged at USD 346/mt. FOB, rose from

in lending rates in line with the Thai policy rate during this quarter. Nonetheless, net interest margin (NIM) edged up slightly. Net fees and service income also rose over-year, due to a low- base