Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 1 of 16 Executive Summary CPN’s total revenue and net profit continues to grow according to its business plan

margins, EBITDAR or EBITDAR margins are not standard measures, nor measurements of financial performance or liquidity, under TFRS, and should not be considered alternatives to net profit (loss) or any other

For Q2/2017, Global Power Synergy Public Company Limited (GPSC) (“the company”) had a net profit of Baht 815 million, increased by Baht 65 million or 9% from Q1/2017. The increase is due to not only

companies 2/ EBITDA from Marketing Business of the Company, Bangchak Green Net Co.,Ltd., Bangchak Retail Co., Ltd., and share of profit associated companies 3/ EBITDA from Power Plant Business of BCPG Plc

Company reported net profit for year 2019 at 356.7 million baht of which gain attributable to equity holders of the Company at the amount of 350.8 million baht. Earnings per share equaled to 0.17 baht. 4

businesses, also our operation. In 1Q20, the Company reported the net loss attributable to owners of the parent of Baht 82 million and the loss including attributable to non-controlling interest of Baht 78

subsidiary had changed over 20% with compare the same period last year, in the quarter 2/2017 the Company had profit before income tax expenses amount of 30.48 million Baht and net profit amount of 27.58

of software to apply the same standard of AEON Group. The aforementioned software is a Credit Card system which is developed by ACSM. Value of consideration: Unit: Baht *Exchange rate as of January 3

robotics) Kก net exposure ก ! "#!$ % กN $Kก " KO!#P&Qก !$ 80 !45686 8ก *$ก! 6T net exposure ก ก 6"#!$ %KO!#P& Qก !$ 80 !45686 8ก ก U$ ก "#!$ % 2 ก KU$ ก Kก VKO! #P&Qก8!$ 79 !45686 8ก YV6K6

cost of construction in the third quarter of the previous year according to accounting standard. For the nine-month period, the Company had the net profit attributable to equity holders of the Company in