all investments in Nation U Company Limited, having the highest transaction value of 45.04 percent based on the net tangible asset basis, calculated from the Company’s reviewed consolidated financial

Net Co.,Ltd., Bangchak Retail Co., Ltd., and share of profit associated companies 3/ EBITDA from Power Plant Business of BCPG Plc., its subsidiaries, and share of profit from associated companies 4

percent based on the net tangible asset (NTA) criteria (calculated by using the information shown in the company's consolidated financial statements ended September 30, 2019). Upon including the transaction

of the highest value when calculated from 12-month period net profit criteria consideration based on the latest reviewed consolidated financial statement ended March 31, 2020 which equals to 32.52% and

30.47 12.1 15.75 51.7 Income tax (9.30) (2.4) (7.40) (2.9) (1.90) (25.6) Net profit after tax 36.92 9.6 23.07 9.2 13.85 60.1 Cost of Sales and Services Overall cost of sales and service increased in line

THB 155.82 million. Mainly due to decreased in allowance of doubtful debt by THB 11.72 million net offsetting with increased in roadshow and press conferences to investors by THB 3.1 million and

5,081 8% Income tax expenses 231 5% 967 1,000 3% 877 947 8% Net profit for the period 911 12% 3,690 3,553 -4% 3,811 4,133 8% Earnings Per Share (Baht per share) 3.64 12% 14.76 14.21 -4% 15.24 16.53 8% 3

Unit: million Baht 2 nd Quarter 2017 2 nd Quarter 2016 Group Revenues 3,276 3,278 Group Sales Volume (k tons) 188 188 Group EBITDA 64 613 P er fo rm an ce Group Net Profit (Loss) (233) 183 HRC Sales (k

Microsoft Word - MDA_Q417_DTC_ENG_v4.3 Dusit Thani PCL Management Discussion and Analysis 2017 P a g e | 1 Executive Summary The company reported net profit of THB 267 million in 2017 driven mainly

lower stock loss. As aforementioned, the company realized net profit of THB 22 million, a decrease of 66% compare to 1Q2018. As of 31 March 2019, the company has total assets in the amount of THB 12,799