Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 1 of 13 Executive Summary Revenue and net profit have growth according to the business plan In 2Q18, the Thai
market environment The Thai economy for the year 2018 expanded as expected according to its potential with growth for the nine months of 2018 at 4.3%. For the last quarter of 2018, the economy continued to
the catering business for international schools in Southeast Asia operated by Epicure Catering Co., Ltd. For the distribution of ready-to-cook food under "Khong Thai" brand, the Company began marketing
of the revision of revenue recognition according to TFRIC 12. • Shares of profit from Thai Solar Renewable Company Limited (TSR) increased by Baht 9 million from Q4/2017 due to higher sunlight
profit from Thai Solar Renewable Company Limited (TSR) dropped by Baht 15 million from Q2/2018 due to less solar intensity throughout Q3/2018 and decreased by Baht 13 million from Q3/2017 because of
the shareholders attending the meeting and casting their vote. The company plans to cooperates with Thai Oil Public Company Limited (“Thai Oil”) to expand business by making an investment in the ERU, by
. Moreover, the natural resources business group realized loss on foreign exchange of THB 99 million from loan to subsidiary, after Thai Baht appreciated against US Dollar in this quarter. Management
increased. Gasoil/Dubai (GO/DB) crack spread in Q4/2017 averaged at 13.01 $/BBL, a decrease of 0.82 $/BBL compared to the previous quarter, with respect to the lowered diesel exports from Asia to Europe and
Award (Investor Relation) for Dr. Toemchai Bunnag, Best Investor Relations Company and Best Environmental Responsibility. GPSC is the only Thai power and utility company that was awarded the prizes. This