PowerPoint Presentation Index Living Mall Public Company Limited (ILM) Management Discussion & Analysis (MD&A) For the year ended 31 December 2019 Management Discussion and Analysis (MD&A) for the

shopping malls with the net leasable area (NLA) of approximately 1.7 mn sqm. At the end of 3Q18, the average occupancy rate for CPN’s retail properties stood at 93%. Central Pattana Public Company Limited

shopping malls with the net leasable area (NLA) of approximately 1.7 mn sqm. At the end of 2018, the average occupancy rate for CPN’s retail properties stood at 93%. Central Pattana Public Company Limited

Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 1 of 14 Executive Summary CPN’s revenues continues to grow primarily from strong shopping mall performance

community mall also has some impact on the growth slowdown in retail sector. However, the Company was able to maintain the occupancy rate of the rental space at a good rate. In addition to diversify its

., a YoY increase from approximately 1.6 mn sqm. due to the opening of 2 new shopping malls in 2017, which are CentralPlaza Nakhon Ratchasima and CentralPlaza Mahachai, and 1 new mall in 2018, namely

risk area to protect the pandemic situation therefore, we temporary closed shopping malls totaling of 34 locations, comprising 33 malls in Thailand and 1 mall in Malaysia. The closure period is different

important driving force in the company’s long- term growth. Mixed-use Development near existing Retail Properties CPN recognizes the potential to develop mixed-use projects in the shopping mall area by

Properties 518.8 518.8 0.0 0.0% Leasehold Right and Building 1,298.8 1,286.4 12.5 1.0% JAS Asset Management Discussion and Analysis, Q2/2019 Page3/4 30-Jun-19 31-Dec-18 Change %Change Deposit 134.4 132.5 1.9

near existing Retail Properties The Company recognizes the potential to develop mixed-use projects in the shopping mall area by utilizing the existing vacant plots of land adjacent to the shopping malls