March 2020, which net profit has changed more than 20% from the last year as follows: Statement of Comprehensive Income Unit: Million Baht 31 March 2020 31 March 2019 Increased (Decreased) Percentage

194 -45% -32% 439 550 25% Net profit for the period 966 1,149 678 -41% -30% 1,384 1,828 22% Earnings Per Share (Baht per share) 3.87 4.60 2.71 -41% -30% 5.99 7.31 22% 3 Sales and Revenues Structure for

5,081 8% Income tax expenses 231 5% 967 1,000 3% 877 947 8% Net profit for the period 911 12% 3,690 3,553 -4% 3,811 4,133 8% Earnings Per Share (Baht per share) 3.64 12% 14.76 14.21 -4% 15.24 16.53 8% 3

% 524 472 -10% Net profit for the period 904 33% 1,828 2,018 10% 2,322 2,037 -12% Earnings Per Share (Baht per share) 3.61 33% 7.31 8.07 10% 9.29 8.15 -12% 3 Sales and Revenues Structure for the first

Dusit Thani PLC Management Discussion and Analysis For 1Q19 P a g e | 1 Executive Summary In 1Q19, the Company reported net profit of THB 1 million, a decrease of 99.6% from the same period last year

, plant and equipment (1,132) Increase in deferred tax assets (1,094,526) Decrease in accrued expenses 7,484 Decrease in retained earnings 30,557 Weighted-average incremental borrowing rate (% per annum

Business Group 4/ 179 132 304 70% 130% Natural Resource Business Group 5/ 133 16 68 -49% 311% Others 22 (30) (54) -341% -78% Elimination (47) 6 (3) Profit attributable to owners of the Company 2,084 1,386

export branded business, despite a decrease in export CMG and domestic branded.  Net profit in Q4/2017 was Baht 28 million, a decrease of 76% YoY due to 1) lower sales contribution of export pressuring

earnings per share at Baht 1.75 per share. Annualized Ratios 1Q19 2Q19 3Q19 4Q19 2019 1Q20 Net Profit (Baht million) 1,228 1,471 1,610 1,680 5,988 1,484 ROAE (%) 11.5 13.8 15.2 15.5 13.9 13.8 ROE (%) 11.6

charges, breakage revenues on ticket expiry which aligned with growing number of passengers, in addition with rental income and interest earnings. 15 ASIA’S BOUTIQUE AIRLINE Share of Profit from Investments