Quarter 3’ 2019 3 / 8 3. Analysis of Operating Results Statements of Comprehensive Income – Consolidated (Million Baht) For J-month period ended September JK, Increase (Decrease) % For 9-month period ended

September 2019 RTD Fruit Juice Market Value breakdown by Market Segment (Source : Nielson) 3. Results of Operations and Profitability Consolidated financial statements (Unit : Baht Million) Q3/2019 Q3/2018

Subsidiary (together referred to as “Corporate Group”) would like to clarify on the operating results according to the consolidated financial statements of Year 2019 for the year ended December 31, 2019 as

, the Company’ s consolidated total assets has grown at an average rate of 69.7% per year. The Company has a unique portfolio of hotels in desirable global holiday destinations, as follows (1) Two self

1 1. ANALYSIS OF FINANCIAL PERFORMANCE For 9M/2017, East Water Group had total consolidated sales and services income of 3,268.14 million Baht, decreased by 64.83 million Baht or 1.95% (Total

Assets” ) with the transaction size of 30.24% of net profit of the Company’ s consolidated financial statements as of 30 September 2017. The transaction size is higher than 15% threshold criteria but lower

of most appropriated methodologies from 2 independent financial advisory firms, the Company recognized the effect from loss of control in these two subsidiaries recorded in the consolidated statements

. Management Discussion and Analysis For the Year Ended December 31, 2017 Page 5 2. Operation performance according to consolidated financial statement Unit : Million Baht Revenue from sale and rendering of

3.73% Amortization 64.24 69.78 5.55 8.63% 259.95 279.20 19.25 7.41% EBITDA 502.34 481.22 (21.13) (4.21%) 2,404.24 2,347.33 (56.91) (2.37%) In 2017, East Water Group had total consolidated sales and

Subsidiary (together referred to as “Corporate Group”) would like to clarify on the operating results according to the consolidated financial statements of Year 2017 for the year ended December 31, 2017 as