36.3% YoY to THB 1,992mn, predominantly due to the increase in revenue from hotel operations as a result of the hotel portfolio expansion, together with revenue from the termination of hotel management

representative or 360-degree technology. Until now, offering a deep discount to potential customers was not expected because of the Company’s financial strength with Net Interest-Bearing-Debt to Equity at 0.97

share in residential industry, also gained the most popularity in condominium brand in Japan. Thus the opportunity to enter a joint venture to develop condominiums together will ultimately enhance the

Equity Coverage Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) 1 of 10 Performance Overview Continuous growth in both revenue and net profits, attributed to

67% EBITDA 58 83 43% 172 306 78% Net Profit (Loss) for the Company 13 36 177% 4 118 2,850% Gross Profit Margin (%) 59.6% 62.9% 3.3% 57.3% 63.1% 5.8% EBITDA Margin1 (%) 30.1% 30.9% 0.8% 27.4% 32.1% 4.7

% 4.61% -37.51% Net Profit Marging -35.82% -21.30% -14.51% -64.30% -14.65% -49.65% Gross Profit (Loss) 9 Months + (-) Total comprehensive income (loss) attributable to owners of the parent 3 Months

Analysis Unit : MB 2Q19 2Q18 %YoY 1Q19 %QoQ 1H19 1H18 %YoY Net sales 272.28 262.65 3.66 238.99 13.93 511.27 524.50 -2.52 Other income 12.21 11.96 2.11 9.49 28.68 21.70 25.02 -13.25 Total revenues 284.49

statement for the third quarter in 2018 reported a net profit of 2.6 million baht more than the third quarter in 2017 at 98.0 percent and the Company’s net profit margin equal to 0.09 percent. Thus, the

three-month period ended June 30, 2020. The Group's sales and net profit totaled Bt2,127.5 million and Bt71.3 million, respectively, compared to Bt2,992.8 million and Bt159.0 million in the second quarter

operating activities The Company’s net cash flow used in operating activities was Baht 72.33 million from the decreasing in operating profit together with the increase in purchasing of goods to support new