Dusit Thani PLC Management Discussion and Analysis 4Q18 and FY2018 P a g e | 1 Executive Summary The Company reported net profit of THB 119 million in 4Q18, a decrease of 59.0% from the same period

clarifies the changes in the performance over 20% as follows: FINANCIAL PERFORMANCE Consolidated Financial Statements Q1 2018 Q1 2019 Increase/(Decrease) THB mm THB mm THB mm % Total Revenue/1 3,447.1 3,803.0

its subsidiary for the second quarter ended June 30, 2019 which the details are as follows: Unit: million Baht For 3-month period (Apr-Jun) 2019 2018 Change % Increase (Decrease) Revenue from sale of

time injuries in Q1 2020  Revenue: 295mTHB in Q1 2020 compared to 297mTHB in Q1 2019 a decrease of 1%  EBITDA: 58mTHB in Q1 2020 compared to 60mTHB in Q1 2019 a decrease of 5%  Net income: 19mTHB in

expenses -74 -68 -6 8.4% Net profit (loss) Attributable to Equity Holders 501.0 601 -100 -16.6% Net profit (loss) Attributable to Equity Holders Margin (%) 6.4% 8.0% -1.6% Net profit (loss) attributable to

shareholders’ equity amounted to Baht 36,484 Million, representing a decrease from the previous year by Baht 2,339 Million or 6 percent when compared to the end of the year 2019 resulted from loss on fair value

equipment dropped by 38.46% QoQ due to decrease in demand on products. • Other revenues comprise of revenue from sale of scrap and zinc and machinery rental. Cost of Goods Sold • Cost to revenue from

Statement of Comprehensive Income (Consolidated) (Unit: Million Baht) Q1/2023 Q1/2024 Increase (Decrease) %YoY Amount % Amount % Sales and services 3,455.04 99.95% 3,567.40 99.97% 112.36 3.25% Cost of sales

had equity attributable to owners of the parent of THB 2,409.0 million, a decrease of THB 2,161.6 million or 47.3% from THB 4,570.6 million as at 31 December 2018. The decrease is mainly due to the

26.88 % from the end of last year. Total liabilities declined as a result of the decrease in loans from financial institutions. Shareholders’ Equity As of 31 December 2019, shareholders’ equity of the