PowerPoint Presentation After You Public Company Limited Management Discussion & Analysis YE 2020 Management Discussion & Analysis Q4/2020 Gross Profit and Gross Profit Margin • The Company’s gross

17,753 HRC Average Selling Price (Bht./ton) 834 4,225 H R C HRC Cash Margin (Bht./Ton) 5,445 5,212 Unit: million Baht 2 nd Quarter 2017 Year-end 2016 Total Liabilities 32,293 32,615 Total Asset 20,186

gains despite an increasing trend of electricity Ft rate since May 2017. Costs of food and beverages Costs of food and beverage constituted costs of operating in-mall food centers, as well as depreciation

-o- y) from Bt305.6 million in Q1/2017, representing a Net profit margin of 35.3% compared to 34.4% which has an earnings per share of Bt0.51. Table summarized the operating results of the Group (unit

290.50 16% Revenue from Hospital Operations 383.47 331.95 16% 766.39 645.80 19% Cost of hospital operations 274.71 237.95 15% 532.07 464.83 14% Gross margin 108.76 94.00 16% 234.33 180.97 29% % Gross

% Revenue from Hospital Operations 427.04 390.17 9% 1,193.44 1,035.97 15% Cost of hospital operations 293.81 262.51 12% 825.87 727.34 14% Gross margin 133.24 127.66 4% 367.57 308.63 19% % Gross margin 31% 33

44.29 1.0 61.37 1.2 -17.08 -27.8 Net Profit 177.30 3.8 246.68 5.0 -69.38 -28.1 Remark: (1) Gross profit margin does not include other incomes in calculation The operating result for the first quarter of

6.77 34.15 50.15 39.60 10.55 26.64 Key financial ratio related with operating result (%) For the quarterly Change For the six-month period Change 2Q20 2Q19 % YoY 2020 2019 %YoY Gross profit margin from

comprehensive income - - - N/A - - - N/A Total comprehensive income for the period (0.83) 8.15 8.98 -1078.65% 1.10 14.59 13.50 1231.12% Gross profit margin 20.26% 28.91% 20.77% 28.65% Net profit margin -1.34

MD&A Q2Y2017 _E_ 09.8.17 Ratchaburi Electricity Generating Holding PCL Management Discussion and Analysis For the Three-month and Six-month Periods Ended 30 June, 2017 Management Discussion and