1 ASIA’S BOUTIQUE AIRLINE Management’s Discussion and Analysis For the period ended 31 December 2019 Bangkok Airways Public Company Limited and Its Subsidiaries 2 ASIA’S BOUTIQUE AIRLINE Bangkok

shareholding of 65.0%. PBSB is a holding company, which engages in the Out-of-Home (“OOH”) media business in various segments, including Transit, Office, Aviation and Modern Trade in Malaysia and Indonesia. This

%) 340 242 (29%) EBITDA 65 24 (63%) 150 114 (24%) Net Profit(Loss) for the Company 28 (13) (146%) 38 (9) (124%) Gross Profit Margin (%) 62.6% 52.2% (10.4%) 60.6% 56.1% (4.5%) EBITDA Margin1 (%) 32.7% 20.7

. In this regard, the Company has appointed Avant Garde Capital Company Limited as the Company’s independent financial advisor, who is responsible for various duties as prescribed by the Connected

various duties as prescribed by the Connected Transaction Notifications. The Company has not entered into any connected transaction with other connected person or related person or such close relatives

Management Discussion and Analysis for the Third Quarter of Year 2018 Business Overview Business overview of One to One Contacts Public Company Limited and its subsidiaries (“the Group”) for the

1 ASIA’S BOUTIQUE AIRLINE Management’s Discussion and Analysis For the period ended 30 September 2019 Bangkok Airways Public Company Limited and Its Subsidiaries 2 ASIA’S BOUTIQUE AIRLINE Bangkok

Assets by Subsidiary of DOD Biotech Public Company Limited for the Purchase and Acceptance of Transfer of the Entire Business of BGP Spectrum Power Co., Ltd., and Establishment of Subsidiary, Classified as

management have handled the situation prudently and carefully. We have been focusing mainly on the financial health of the company including managing fixed and variable cost as well as liquidity management

Microsoft Word - MD&A Y2017 - ENG.doc 1 ASIA’S BOUTIQUE AIRLINE Management’s Discussion and Analysis For the period ended 31 December 2017 Bangkok Airways Public Company Limited and Its Subsidiaries