Management Discussion and Analysis for the Quarter Ended on September 30, 2018 3 Segmental performance 1. Expressway business The Company had revenue from Expressway business of Baht 2,561 Million

was no such transaction in this year. Segmental performance 1. Expressway business The Company had revenue from Expressway business of Baht 2,550 Million, representing an increase from the same quarter

non-cash transaction. Segmental performance 1. Expressway business The Company had revenue from Expressway business of Baht 2,608 Million, representing an increase from the same quarter of the previous

Million but there was no such transaction in this year. (Translation) Bangkok Expressway and Metro Public Company Limited Management Discussion and Analysis for the year 2017 3 Segmental performance 1

opening of the project, whereas financial cost was nearly similar to the previous year. Segmental performance 1. Expressway business The Company had revenue from Expressway business of Baht 2,435 Million

accordance with Accounting Standard. Segmental performance 1. Expressway business The Company had revenue from Expressway business of Baht 2,300 Million, representing a decrease from the same quarter of the

the previous year according to the decrease in financial cost. Segmental performance 1. Expressway business The Company had revenue from Expressway business of Baht 2,581 Million, representing an

Million, respectively. (Translation) Bangkok Expressway and Metro Public Company Limited Management Discussion and Analysis for the Quarter Ended on September 30, 2020 3 Segmental performance 1. Expressway

standards. This confirms our commitment to be a world-class energy company with outstanding performance on environment, social and governance (ESG) aspects. In July 2020, BGRIM got 3 awards from

(THSI) list. This marks another step for us to be a world-class energy company with outstanding performance on environment, social and governance (ESG) aspects. We wish all stakeholders would continuously