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

of the main customers in South America expanded more branches and the new policy of the Company to sell products to only one customer in some country where the customer has high market shares in

, Chachoengsao, Rayong and Diana Hat Yai Branch. In addition, the Company has expanded new channels especially e-commerce through owned official platforms, Facebook: FN Outlet, Line Official Account: @fnoutlet as

expense is included in the financial statements. In addition, the Company has expanded its staff, resulting in an increase in personnel expenses and an increase in the cost of hiring consultants, such as

considered that doing this transaction is appropriate and useful to the Company and the shareholders. Because it is expanded to business related to core business of the Company, which is expected to generate

investment in associated company (BBF) of Baht 19.93 million since there were new biodiesel producers and the existing biodiesel producers expanded their production capacity, resulting in high competition and

parts in the country. Moreover, the revenue in South America zone increased by 11% from new customers and rental mold income. In addition, one of the main customers in South America expanded more branches

the main customers in South America expanded more branches which lead to increase in the sales volume this quarter. In addition, Company’s revenue was affected by the appreciation of exchange rate of 3

office space due to the fact that over the past period, the Company has expanded its business, and as such, it is necessary for the Company to utilize more space to accommodate the expansion of various

profit margin expanded from 7.73% in Q1 2017 to 7.97% in Q1 2018. Other income in Q1 2018 amounted to Baht 263.88 million, decreasing by Baht 15.68 million or 5.61% The Company and its subsidiaries had