the year 2019, East Water Group had total consolidated sales and services income of 4,680.08 million Baht, increased by 459.09 million Baht or 10.88% compared to the year 2018 as the raising in raw

THB 87 million. 6. Consolidated Financial Status Management’s Discussion and Analysis (MD&A) For Q2/2017 12 5. Others payable and accrued expenses reduction from year ended 2016 due to the repayment of

Notifications”) whose transaction size is equivalent to 87.59 percent of the net tangible assets (NTA) of the Company and its subsidiaries according to the reviewed consolidated financial statements of the

Size of Transaction According to the Notification concerning the acquisition and disposition of assets, based on the Company’ s reviewed consolidated financial statements as of 30 September 2017, the

170,000,000 Baht 1.3.2 Size of Transaction According to the Notification concerning the acquisition and disposition of assets, based on the Company’ s reviewed consolidated financial statements as of 30

total value of consideration criterion, which gives the highest transaction value (according to the reviewed consolidated financial statements of the Company for the period ended June 30, 2017). After

TSE as a result of this transaction. However the Company will enter into the transaction only upon shareholders’ approval. The calculation of the transaction size is based on the consolidated financial

& ANALYSIS CONSOLIDATED P&L SNAPSHOT THB (mn) 3Q 2016/17 2Q 2017/18 3Q 2017/18 QoQ (%) YoY (%) (Restated) Operating revenue 772 978 978 0.0% 26.8% Cost of sales 330 387 385 -0.5% 16.7% Gross profit 442 591 593

: Consolidated Performance FY 2016 vs. FY 2017 Table 2 : Sales Revenue breakdown by business unit (Unit: THB million) Table 3: Adjusted EBITDA breakdown by business unit (Unit: THB million) Unit (Mil l ion Baht

Hua Hin. EBITDA margin is estimated around 15% close to 2017 core EBITDA margin of 15.3%. Consolidated CAPEX is estimated at THB 355 million for the hotel renovation in Maldives, Pattaya and Srinakarin