Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 1 of 12 Executive Summary Growth in both revenue and net profit demonstrates the effectiveness of retail

create business growth and sustainable value.While the corporate governance practices adopted by Thai listed companies have undergone continuous developments with the focus on building investor confidence

and according to target. In 2019, Thai economy has decelerated with GDP reported at 2.4% decreased from 4.1% in 2018 as a result of declining in export growth and Baht appreciation. The world-trade

profit of THB 267 million in 2017, a growth of 134.0% yoy. Net profit excluding gain on the sale of Dusit Princess Korat was THB 64 million, a decrease of 44.3% yoy. Overall Performance Unit: THB mn 2017

economy continues to grow steadily despite a decline in export growth, primarily driven by a slowdown in global economy growth. Growth to the Thai economy is attributed to a number of factors, namely 1

in agreement details. Thus, leaving the market once again anxious about another global recession to such a degree that the International Monetary Fund (IMF) lowered their GDP growth estimate for 2019

Thailand and NESDB, overall Thai economy in 2018 expanded by 4.1%, higher than 4.0% growth in 2017. This was mainly from acceleration of private consumption and investment, as well as improving domestic

proven itself to contribute positively to the performance of the company. We expect to see continued growth from O2O Solutions across all business units for the remainder of the year. IMPORTANT EVENTS IN

the growth in sales of dessert cafés which was a result of same-store sales growth (SSSG), the increase in the number of foreign customers following the reopening of the country and the increase in

growth plans Indorama Ventures 1st Quarter 2018 MD&A 4 Portfolio Development We continue to upgrade our portfolio through organic growth, operational excellence initiatives, value accretive acquisitions