HIGHLIGHTS • Total revenue increased by 51.9% and 25.7% during 3 months and 6 months ended the second quarter of 2019, respectively, mainly from increase in revenue from sale of investment properties and
demonstrates the growth resiliency of CPN’s operating results despite the ongoing major renovation at CentralWorld and the transfer of CentralFestival Pattaya Beach to CPN Retail Growth Leasehold REIT (“CPNREIT
26.1%. • Normalized Rental Revenue increased by 26.9% to THB 285.9 mm, mainly due to increase in lettable area for both logistics and industrial properties. • Revenue from industrial land sale was THB
ongoing major renovation at CentralWorld and the transfer of CentralFestival Pattaya Beach to CPN Retail Growth Leasehold REIT (“CPNREIT”) in December 2017. CPN continues to emphasize on effective revenue
same period in the previous year (YoY). The main difference came from the transfer of residential units between both years as the majority of the transfers will be made towards the second half of this
of transaction: Lease the shopping mall (partial building and structures, excluding land) and the utilities systems including transfer the Ownership of movable assets. However, the contract of the
in the fourth quarter of 2017. PERFORMANCE BY BUSINESS Rental Properties Business 2016 2017 Increase/(Decrease) THB mm THB mm THB mm % Rental Revenue 1,688.7 1,148.3 (540.4) (32.0%) Gross Profit
and services 135.1 86.4% 53.7 32.5% -81.4 -60.3% Gross Profit 21.2 13.6% 111.5 67.5% 90.3 426.0% Loss from fair vale adjustment for investment properties - - -55.0 33.3% -55.0 100.0% Other Income 22.0
Re: Allocation of Cash Flow under Securitization Program and Reporting on Transfer of the Remaining Assets and Benefits of Special Purpose Vehicles