ended 30 June 2019, which revenue and net profit has changed more than 20% from the last year as follows: Statement of Comprehensive Income Unit: Million Baht 30 June 2019 30 June 2018 Increased

/Assets are as below: Unit: USD (in Million) Items 2016 2017 2018 Profoma Revenue 1,511 (~46,810 Million Baht) 1,830 (~56,693 Million Baht) 1,969 (~60,999 Million Baht) Profoma EBITDA 291 (~9,015 Million

million which details are as following; (1) Revenue from sales In the second quarter of 2019, the Company and its subsidiaries had total revenue from sales at the amount of Baht 509.73 million, which

had the net profit in the amount of Baht 794 Million representing an increase from the same quarter of the previous year by Baht 71 Million or 9.8 percent. The Company had revenue from Expressway

”) generated total revenue of 1,815 million baht, increased by 70% YoY and increased by 90% QoQ, mainly due to revenue contribution from the new acquisition of six Outrigger- branded hotels that we acquired in

43.5% higher than 40.70% on last year. Moreover, the group had net profit attributable to equity holders of the Company equal to 21.4% of total revenue, which increased from 20.1% in 2018, mainly due to

31 March 2020 Ratio 2019 Ratio Increase / (Decrease) Amount % Service revenue 646.34 100% 480.92 100% 165.42 34.40 Cost of service 531.42 82.22% 404.10 84.03% 127.32 31.51 Gross profit 114.91 17.78

its subsidiaries as follows: Revenue from Sales and Services In 2019, the Company and its subsidiaries generated revenues of THB 7,312 million from the sales and services, which is decreased from the

to Baht 1,677 million. The decline was mainly due to the decrease in revenue from EMS and Smart service businesses. The Group’s profit for the first quarter of 2020 amounted to Baht 81 million, which

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