Dusit Thani PLC Management Discussion and Analysis For 2Q20 and 6M20 P a g e | 1 Executive Summary The COVID-19 pandemic has severely hit Thai and global economy, especially the tourism and

%. Executive Summary In the third quarter of 2017, the company has HRC sales of 182,095 tons which is a little lower than in previous quarter. The production was accounted for 190,389 tons which is equivalent to

Discussion and Analysis (MD&A) for year 2017 3 Executive Summary In overall 2017 performance, the Company had significant improvements in various areas such as production increase to 875,874 tons, sale volume

on Q1/2018 Management’s Discussion and Analysis (MD&A) for year 2017 (Revised) 3 Executive Summary In overall 2017 performance, the Company had significant improvements in various areas such as

the slowdown of the market. Hence, there Q1/19 production will be low comparing to other quarter. Executive Summary The company's operating results in the year 2018 has significantly increased both

shut down early to February due to the slowdown of the market. Hence, there Q1/19 production will be low comparing to other quarter. Executive Summary The company's operating results in the year 2018 has

Q1/2018 3 Executive Summary The steel industry in Thailand grew in the first quarter of 2018 having total steel products consumption at 4.35 million tons, increased by 3.3%, long steel consumption grew

capacity to the full capacity level in 2019. 2. Business Outlook on Q3/2018 Management’s Discussion and Analysis (MD&A) For Q2/2018 3 Executive Summary The steel industry in Thailand shrunk in the second

Analysis (MD&A) For Q3/2018 3 Executive Summary The total apparent finished steel consumption of steel industry in Thailand in the third quarter of 2018 surged to 4.66 million tons, an increase of 11.1

government’s measures. The health and safety of our customers and associates remains our top priority. We rapidly transformed and adapted to the change in consumer behavior by utilizing the Company’s existing