% Total Revenues 1,994,081 2,398,510 -17% 1,571,084 1,666,564 -6% Profit (loss) before loss from allowance (184,851) 149,195 -224% 38,502 129,365 -70% margin -10% 7% 3% 8% Profit / (Loss) before interest

31 March 2020 in comparison with the corresponding period last year ended 31 March 2019 1 Revenue from sales Total revenue from sales were THB 4,061 million, an increase of THB 700 million or 20.8

automotive customers accounted for approximately only 2% of our total revenue from industrial customers. Regarding measures in response to COVID-19 pandemic, we have adopted measures to ensure stability and

Page 1 of 7 Management Discussion and Analysis 1Q2019 Executive Summary Singha Estate Public Company Limited (“the Company”) reported 1Q19 Total revenue of THB 3,000m, increased by 167% YoY. The

of electricity - Base tariff and Ft 3.4 2.8 0.6 21.4 Sales from Solar Energy Power Plants 3.4 2.8 0.6 21.4 Total sales and service income 1,314.1 1,216.6 97.5 8.0 Sales and service income (included

55.9% Sales from Solar Energy Power Plants 3.4 5.3 1.9 55.9% Total sales and service income 1,314.1 1,621.0 306.9 23.4% Change Sales and service income (included revenue from finance lease under a Power

of such transaction invested by CPNREIT is estimated Baht 48,560 million or equivalent to 28.84%, calculated using the basis of the total value of consideration, which represents the highest

%) Sales of electricity - Base tariff and Ft 5.0 4.8 (0.2) (4.0%) Sales from Solar Energy Power Plants 5.0 4.8 (0.2) (4.0%) Total sales and service income 1,740.6 1,471.4 (269.2) (15.5%) Sales and service

of July-December 2017 at Baht of 0.04 per share. The total outstanding shares entitled for the dividend is 4,554,643,575 shares and total dividend amount is Baht 182,185,743, the record date for the

from co-production rights - - 0.51 100.00 Revenue from organizing concerts 17.13 89.27 - - Sale income 2.06 10.73 - - Total income 19.19 100.00 0.61 100.00 Cost of co-production rights - - - - Revenue