competition in industrial market. Marketing margin was at the similar level of Q1/2017, while the Non-oil business recorded a higher revenue from expansion of the branches, but has been under developing and

Plan Document Quick Link Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 2 of 18 Major Events in 2019 New Retail Development to Become the “Center of Life” Opened

by Baht 11.33 million or 2.40 % due to the Medical personal expenses increased from the expansion of the subsidiaries. 3.Administrative expenses increased by Baht 29.82 million or 30.84 % due to the

through this channel will help facilitate their business expansion and development as well as foster their competitive edge at domestic and international levels. To this end, more jobs would be created and

repayment of financial lease of Baht 3.82 million. (2.7) Financial Ratios Financial Ratios As at June 30, 2019 As at December 31, 2018 Current Ratio (Times) 1.67 1.48 Quick Ratio (Times) 0.80 0.65 Cash flow

Business sales volume was 1,504 million liters (+4% YoY, -2% QoQ), especially increased in retail market, due to the business’s policy to focus on service station throughput, and from the expansion of

THB 1,785 million, an increase of 21% YoY, and 8% QoQ. The increase was mainly from 1.) Personnel expenses for the company’s group 2.) Expansion of Non- Oil business of Bangchak Retail Co, Ltd. 3

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

flexibility of GPSC Group’s financial management via local and international funding, foreign exchange management, and cash management activities. The establishment of the GPSC TC is to support the expansion of

with the expansion of its trade transactions with new partners with respect to the company’s strategic plan to enlarge the business. Marketing Business Group recorded 5% higher total sales volume YoY