PUBLIC COMPANY LIMITED MANAGEMENT DISCUSSION AND ANALYSIS FOR Q1/2019 3 5. RAW WATER BUSINESS Raw water revenue in Q1/2019 was 695.87 million Baht, increased by 103.13 million Baht or 17.40% compared to Q1

year are from our 3 business categories as follows: - Aeroflex increased 1.2% - Aeroklas increased 18.2% - Eastern Polypack increased 5.4% Aeroflex’s revenue from sale increases from both domestic and

million Baht, increased 16.79 %, mainly caused income in year 2018 due to the business merger of domestic transport service by land by the end of year 2018 as well as its subsidiary both in domestic and

907 -81 -9% Cost of sales and services -733 -790 -57 7% -639 -682 -43 6% Gross Profit 246 248 -2 -1% 186 225 -38 -17% Other Income 40 5 35 699% 50 14 35 248% Distribution costs -70 -82 -12 -14% -59 -72

Microsoft Word - ACC-LT014_E_MDA-Y2018.docx                         WIIK & HOEGLUND PUBLIC COMPANY LIMITED  90 CW Tower A  T + 66 (2) 6128600 Business ID 0107538000151    35th Floor, Ratchadapisek Rd

wide-coverage distribution that reaches almost all regions of Vietnam will help expand the Company’s business in Vietnam. 1,533 1,741 1,760 1,507 1,515 1,370 1,500 1,531 110 143 161 117 118 61 78 28 0 20

management. Based on the Company's financial statements for the 3 months ended March 31, 2019 Business specific quarterly financial statement ended on 31 March 2019 indicates the net profit of 1.15 million

1 Translation CEN 012-2020 May 15, 2020 Subject : Management discussion and analysis for business operation Quarter 1-2020 To : The Manager and President The Stock Exchange of Thailand Summarization

malls and also the OEM products increased. -2- Revenues Classified by Distribution Channels 3rd Quarter 2018 3rd Quarter 2017 Variation THB % Domestic Restaurant and Bakery Business 1,690 1,615 75 4.7

Microsoft Word - MDA_E_Q22020.docx                         WIIK PUBLIC COMPANY LIMITED  90 CW Tower A  T + 66 (2) 6128600 Business ID 0107538000151    35th Floor, Ratchadapisek Rd. Huaykwang, Bangkok