Discussion and Analysis (MD&A) for year 2018 (Revised) Overview of Thai Steel Industry ISIT had reported the domestic steel-production for 2018 was at 7.11 million metric tons, increasing 3.36% compared to the

gain on sale of investment last year. Finance Cost In 1Q19, the finance cost was THB 25 million, an increase of 81.1% due to bond issuance in 3Q18. Net Profit The Company reported net profit of THB 1

business but Travelling business also have trend to growing less than expected and moreover Thai foreign exchange rate of the Baht was appreciate that cause Financial Institutions Policy Committee announce

/2018 Processed price data from: Metal Expert Overview of Thai Steel Industry ISIT had reported the domestic steel-production Q1/2018 was at 1.95 million metric tons, increasing 8.06% compared to the same

uncertainty of US economic policy. However, the global economy has continued to improve. Thai economy is growing as slowly which the tourism and exports were driving force in the first half year. Income and

remained flat YoY at THB 1,920.5 million despite the impact of Kyat devaluation against Thai Baht (at constant FX, total Myanmar sales would have grown 9.1% YoY). Moreover, Cambodia sales remained a

economic policy. But, the global economy trend as continued to improve. Thai economy is growing as slowly which the tourism and exports were driving force in past time. Including, the income and unemployment

and to enhance the financial services with expertise in wealth management, digital banking and trade finance of CTBC Bank through Land and Houses Financial Group which consists of; - LH Financial Group

Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 1 of 15 Executive Summary CPN’s revenues continues to grow according to its business plan. In 1Q19, the Thai

and according to target. In 3Q19, growth in the Thai economy decelerated primarily driven by a decline in export growth from world-trade sluggish effecting from Trade War. However, the Thai economy is