Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 1 of 15 Executive Summary CPN’s total revenue and net profit continues to grow according to its business plan

increased from business expansion. For the 9M/2018, the net profit improved by Baht 420 million or 17% from 9M/2017. The gain was primarily due to start-up of IRPC-CP Phase 2 and ISP1 in Q4/2017 and the

analysis for the year ending 31 December 2019, as follows: Business Overview In 2019, the Group's total revenue growth (TSSG) increased by 6.1% compared to the previous year driven mainly by new branch

furniture business (Separate) could still generate profit for the period accounting for Baht 15.91 million. If we deleted the special profit gaining of this period as above mentioned, it would be found that

March 2020 in the amount of 1,635.13 million baht or decrease by 70.65 million baht following the accounting policy adjustments under new applied financial & accounting standards in 2020 by 1.25 Million

Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 1 of 18 Executive Summary Revenue and profit continue to grow primarily from strong rental business performance

better performance was mainly due to an increase of revenue form airport related businesses and unallocated revenues, together with a lower of major expenses of airline business which related to number of

established business bases. Investment of EGCO in each country is shown in Figure 3. In addition, EGCO has also been seeking for further investment opportunities in other target countries such as Vietnam

unit allotment of each fund raising including the price, the offering period, and the offering conditions; The terms “unit”, “major investor”, “trust manager”, “paid-up capital”, “infrastructure business

net loss is only 61.94 Million Baht from business operation and the less are loss from impairment of asset, reduction on value of products and provision projected potential loss on projection hand of