181.31 8.31% - 0.00% Total Revenue from sale of goods and rendering of services 2,097.39 96.12% 1,571.88 94.89% Interest income 22.60 1.04% 22.60 1.36% Dividend income - 0.00% - 0.00% Gain on disposal of

Income from Utilities Business2 3.0 21.9 (86.3%) 4.4 32.3 (86.5%) Costs of Sales and Services (279.4) (272.2) 2.7% (552.4) (530.6) 4.1% Gross Profit 144.0 133.3 8.1% 293.0 262.9 11.5% Gross Profit from

3,293.90 -537.46 -16.3% Other income 19.49 25.33 -5.84 -23.1% Total revenue 2,775.93 3,319.23 -543.30 -16.4% Cost of goods sold & service 2,427.69 2,882.47 -454.78 -15.8% Selling & distribution expenses

% -26.5% Remark: (1) Calculated based on total revenue from sales of food and beverages per total operating days of the same branch In the 1st quarter of 2019 and 2020, franchise fee income increased from

%) 199.1 17.4% 232.4 699.1% Income tax expenses 12.1 1.2% (35.9) (3.1%) (48.0) (397.0%) Profit (loss) of the year (45.3) (4.7%) 235.1 20.5% 280.4 618.5% Adjusted items Net unrealized loss on exchange rate

quarter but may be restrained by vulnerable and highly uncertain household income as well as elevated household debt. These factors are causing customers to be cautious on spending. Moreover, the tourism

total revenues, gain on sales of written-off receivables were 250 million baht or 2% of total revenues, collection service income was 182 million baht or 1% of total revenues, decreasing 10% y-y

Revenues 6,494.0 7,354.0 -860.0 -11.7 Sales and service income 6,436.4 7,152.6 -716.2 -10.0 Gains on exchange rate 2.8 110.9 -108.1 -97.5 Other income 54.8 90.5 -35.7 -39.5 Cost of sales and services 5,880.6

GFPT Public Company Limited Interim Management Discussion and Analysis for the 2nd Quarter 2020 Page 1 of 14 Management Discussion and Analysis This interim MD&A report has been prepared based on the

debt is also low level, when comparing to the equity. Return on Equity (ROE) According to the Company’s financial statements, the Company had net income of 18.12 million baht, representing a return on