Estate 395 349 367 (7.2%) 5.0% Amata City Rayong Industrial Estate 106 121 134 25.9% 10.3% Laemchabang Industrial Estate 172 168 173 0.3% 2.7% WHA Chonburi 1 Industrial Estate 57 52 55 (3.5%) 5.5% Bangkadi

SHR MD&A TH ค ำอธิบำยและกำรวิเครำะห์ของฝ่ำยจดักำร บรษิทั เอส โฮเทล แอนด ์รสีอรท์ จ ำกดั (มหำชน) S Hotels & Resorts, A Singha Estate Company | www.shotelsresorts.com หน้า 1/9 วนัที ่15 พฤษภำคม 2563

% 2,199 2,265 2,557 16.3% 12.9% Electricity sales to IU - Thailand Amata City Chonburi Industrial Estate 792 608 (23.3%) 397 367 241 (39.3%) (34.4%) Amata City Rayong Industrial Estate 229 234 2.0% 123 134

robust operational performance across all our assets. The on-going structural changes in the PET industry created opportunity for well-managed and committed producers to align supply reliability and

in the 1H/2019 wherein the Company achieved cost saving of approximately over THB 0.50 for every can ACM managed to produce and sell to CBD. 3 Selling, general and administrative (SG&A) expenses Total

Debtors. This is to ensure the Company financial status and performance. The Backlog was around 10% of the total sales that lead to less risk under cost fluctuations. The Company has also managed the risk

by the intermediary . Clause 10 In case of doubt whether or not the assets segregated and managed by the SEC Office are clients’ assets , the SEC Office shall settle such assets with the official

by the intermediary. Clause 10 In case of doubt whether or not the assets segregated and managed by the SEC Office are clients’ assets, the SEC Office shall settle such assets with the official

by the intermediary. Clause 10 In case of doubt whether or not the assets segregated and managed by the SEC Office are clients’ assets, the SEC Office shall settle such assets with the official

of revenue and cost of sales comparing to Quarter 1 in 2018 decreased as the company managed to reduce the cost of raw material to be cheaper that the same period last year. Selling and Administrative