CentralPlaza Rama 2, CentralFestival Chiangmai, Central Marina and CentralFestival Samui. Revenue from hotel operations Hotel operations are considered CPN’s non-core businesses. In 2018, revenue from hotel

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

Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 1 of 15 Executive Summary The Company effectively manages all businesses to mitigate the impact of COVID-19

) 1,890 Unit: MTHB Per F/S Adj. non- recurring Excl. non- recurring Core performance (excl. non- recurring and TFRS16) Impact of TFRS16 Central Pattana Public Company Limited Management’s Discussion and

Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 1 of 15 Executive Summary The Company implemented proactive measures to timely manage the situation rapidly

sector which continued to expand. Public spending and private consumption remained to be the main growth drivers. The policy rate remained stable at 1.5%. Central Pattana Public Company Limited (“The

% Non-Core Properties Occupancy Rate (%)No. of Projects Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) 5 of 10 Financial Performance Total Revenues Revenues from rent

each group of companies, an affiliate acting as the central company is the one whichsets out policies and business directions for all affiliates and associated companies within that group of companies

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

rooms 83 88 85 Non-Core Properties Occupancy Rate (%)No. of Projects Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) 6 / 12 • Strong performances of existing shopping