Q1/2018 due to the raising in raw water sales volume and net profit attributable to equity holders of the parent company of 341.71 million Baht, increased by 39.04 million Baht or 12.90%. Income

0.0% 0.31 0.0% 63.2% 1450.0% Profit before finance cost and income tax expenses 182.02 22.8% 172.29 22.5% 149.25 20.5% -13.4% -18.0% Bank charge (3.35) -0.4% (2.12) -0.3% (1.90) -0.3% -10.4% -43.3

% 0.0% Sales profit 0.02 0.0% 0.31 0.0% (0.22) 0.0% -171.0% -1200.0% Profit before finance cost and income tax expenses 176.32 21.9% 149.25 20.5% 121.25 18.2% -18.8% -31.2% Bank charge (2.36) -0.3% (1.90

improvement was driven by decreases in administrative expenses and finance cost. In 2Q20, the Company reported EBITDA from Hotel Business of THB -257 million, decreased by 684.1% YoY and in 6M20 of THB -68

addition, a rise in fuel price can be observed. Meanwhile, Ministry of finance revealed that the inflation rate of 2017 is expected at 0.7 percent, increasing 0.2 percent from last year. Considering global

/loss from JVs/associaties (equity income) 31.1 (1.1) N.A. 37.9 9.4 303.4% Finance cost 909.8 556.3 63.6% 111.0 132.5 (16.2)% Reported Net Profit/Loss (628.9) (983.2) (36.0)% 93.1 (387.5) N.A. GOP margin

-term employment benefits 400 days scheme increase of Baht 1.14 million and reduced the workforce of office personnel of Baht 2.80 million. - Finance costs increased by 34.98 percent from the same period

Fees and service expenses 72.62 (0.37) 72.58 (0.37) Finance costs 15.56 3.30 15.56 3.30 Reversal of bad debt and doubtful accounts (0.15) 0.00 (0.15) 0.00 Loss from impairment on investment 1.43 1.43

Discussion Analysis FS2017 Page 2/7 Jaymart Public Company Limited 2016 2017 Change MB % MB % MB % Total Expenses 1,694 15.8% 2,098 16.6% 404 23.8% Operating Profit 782 7.3% 1,109 8.8% 327 41.9% Finance Cost

consist of operating and administrative expenses, bad debt and doubtful accounts and finance cost. In the first half of 2018, the Company had total consolidated expenses of 7,855 million baht, an increase