55.9% Sales from Solar Energy Power Plants 3.4 5.3 1.9 55.9% Total sales and service income 1,314.1 1,621.0 306.9 23.4% Change Sales and service income (included revenue from finance lease under a Power

%) Sales of electricity - Base tariff and Ft 5.0 4.8 (0.2) (4.0%) Sales from Solar Energy Power Plants 5.0 4.8 (0.2) (4.0%) Total sales and service income 1,740.6 1,471.4 (269.2) (15.5%) Sales and service

analysis for the year ending 31 December 2019, as follows: Business Overview In 2019, the Group's total revenue growth (TSSG) increased by 6.1% compared to the previous year driven mainly by new branch

MANAGEMENT DISCUSSION & ANALYSIS 2Q 2019 14 AUGUST 2019 U CITY PCL 2Q 2019 - MD&A (for three-month period ended 30 June 2019) 1 U CITY PCL 2Q 2019 KEY FINANCIAL HIGHLIGHTS • Total revenue increased

1,092.31 (8.23) Incomes from the water management business 201.38 104.35 92.99 Other income 17.81 15.28 16.56 Total revenues 1,221.64 1,211.94 0.80 Cost from sale and installation of the pipeline 907.65

quarter of the previous year and increased by 8.6 percent from the quarter 3/2017. The total revenue from sales of the year 2017 was 5,263.6 million Baht, increased by 11.9 percent because of the new

601.38 Group of Water management business 162.45 87.25 - Total 920.52 889.85 601.38 Yours Truly, WIIK & HOEGLUND PUBLIC CO., LTD. Mr. Wiboon Sangwithayanon Chief Executive Officer

share, equivalent to 99.9333 percent of total ordinary shares sold (“Spring”), which is the holder of a license to use the spectrum to provide digital terrestrial television services as a national

-term bill of exchange. Sale Expense The Company’s sale expense in the 3rd quarter of 2018 was Baht 8.07 million or 3.65% of the total income from the sale of goods and provision of services. When

on disposal of assets - - - 2,119 -100% Other income 8,810 3,909 125% 7,251 22% 4,552 94% Total revenues 519,428 538,364 -4% 494,213 5% 498,549 4% Profit (loss) before interest and income tax (19,757