(Translation) Bangkok Expressway and Metro Public Company Limited Management Discussion and Analysis for the Quarter Ended on June 30, 2017 1 Significant events 1. Bangkok Expressway and Metro Public

-Far East Company Limited made Myanmar SPA- Today-Far East Company Limited ending the status of an associate. Apart from that, both companies have no outstanding debt obligations. (7) Total transaction

2015, whereby Singha Estate invested in Nirvana, a mid-sized housing development company with significant long-term growth potentials. Overcoming challenges, Nirvana underwent a reverse acquisition in

(Translation) Bangkok Expressway and Metro Public Company Limited Management Discussion and Analysis for the year 2018 1 Significant events 1. On March 30, 2018, Bangkok Expressway and Metro Public

Million. Significant Financial Ratios* Description Unit 1st Quarter 2019 2018 Net Profit Margin ratio % 21.33 18.65 Return on Equity ratio % 10.40 10.18 Return on Total Assets ratio % 3.92 3.81 Debt to

the street, in office buildings and in shopping malls. These changes have resulted in the significant growth of outdoor and online advertising and the decline of traditional media, as brands and clients

(Translation) Bangkok Expressway and Metro Public Company Limited Management Discussion and Analysis for the Quarter Ended on September 30, 2018 1 Significant events 1. On March 30, 2018, Bangkok

telecommunication business for the third quarter of 2018 amounting to Baht 110 million. There was no significant change compared to the same period of last year Related technology business The Company had revenue

27 Over 12 months 11 28 Total 509 549 Allowance for doubtful debt 6 9 LIABILITIES AND SHAREHOLDERS’ EQUITY LIABILITIES AND EQUITY BREAKDOWN 31 DECEMBER 2018 (Restated) 30 SEPTEMBER 2019 (THB mn) % out

(Translation) Bangkok Expressway and Metro Public Company Limited Management Discussion and Analysis for the Quarter Ended on September 30, 2020 1 Significant events in the third quarter of the year