totaling THB 43mn were excluded, the Company recorded recurring net profit of THB 10mn compared to a net loss of THB 64mn in the previous year. SEGMENTAL PERFORMANCE 3Q 2018 REVENUE CONTRIBUTION BY SEGMENT

year by Baht 179 Million or 21.7 percent. (Translation) Bangkok Expressway and Metro Public Company Limited Management Discussion and Analysis for the Quarter Ended on June 30, 2020 4 Segmental

therefore (9.0)%, versus (22.1)% in 2017. SEGMENTAL PERFORMANCE 2018 REVENUE CONTRIBUTION BY SEGMENT 2018 REVENUE GROWTH CONTRIBUTION In 2018, the hospitality segment contributed the lion’s share of total

business in the category of securities underwriting; “Executives” means directors, managers, divisional manager or upper including any person who have authority as such person; “Property management person

securities business in the category of securities underwriting; “Executives” means directors, managers, divisional manager or upper including any person who have authority as such person; “Property management

; “Executives” means directors, managers, divisional manager or upper including any person who have authority as such person; “Property management person” means any juristic person which is entrusted by mutual

E_1 Legal_FA_2015_12_29-c A brWCorpL.1hig A Executive Summary Management Discussion and Analysis For the Quarter Ending March 31, 2020 The Thai economy in the first quarter of 2020 sank into a recession due to the COVID-19 pandemic. Economic activity was crippled almost across the board in light of lockdown measures implemented in several countries to contain the viral transmission. Financial markets went into a tailspin, whereas turbulence was seen in manufacturing, service and tourism sectors,...