expense and income tax expense rose slightly, by Baht 78 million or 0.33 percent over-quarter, as a result of an increase of Baht 450 million or 2.90 percent in non-interest income, and an increase of Baht

increased degree of uncertainty in global economies and trade policies, businesses may have to contend with Thai Baht volatility and rising interest rate trends. Acting upon our strategy of strengthening

interest, the debentures? rate of return will be lower than pre-determined interest rates; accordingly, the longer issuer defers the interest payment, the lower the return rate for investors.  The SEC urges

for the 1st Quarter 2018 Page 5 of 11 Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) The consolidated EBITDA in 1Q2018 was THB 523.27 million, decreased by THB 242.68 million or

interest and tax (Annualised) / Average Total Assets (average of outstanding at end of the previous year and at end of this year) 5 Earnings before interest and tax (Annualised)/ Net Average Non-current

earnings from the 3-month operating performance. Return on equity for 2Q 2017/18 was 34.7%. LIQUIDITY AND CASH FLOW (THB mn) *After tax and net tax refund (THB 130mn) and interest expense (THB 44mn

due to major renovation at CentralPlaza Rama 3, which in turn affected the performance of CPNRF, the Company managed to lower its financing cost by 37.3% YoY due to lower interest-bearing debt balance

Company Limited Interim Management Discussion and Analysis for the 1st Quarter 2019 Page 5 of 11 Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) Unit: Million Baht 1Q 2019 1Q 2018

Discussion and Analysis for the 1st Quarter 2020 Page 5 of 11 Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) Unit: Million Baht 1Q 2020 1Q 2019 Change % Change EBIT 425.16 288.19 136.97

%. SG&A in terms of % to revenue improved from 6.1% in 1H 2022 to 5.7% in 1H 2023. Core Operating Profit (defined as Earnings before Interests and Taxes exclude interest income, gain (loss) on exchange