attributable to equity owner of the Company and excludes non-recurring expenses of THB 180mn. 3M 2020 PERFORMANCE ANALYSIS (YOY) In April 2020, MACO has changed its fiscal year to start from April to March

performance in 9M18 as expected. Major Development in 3Q18 On 13 September 2018, the Company has issued 1/2018 senior secured and non-collateral corporate bond with total amount of THB 1bnThe bonds has 3-year

Manila despite better performance of Dusit Thani Maldives from higher occupancy. • Hotel Management Revenue from hotel management was THB 224 million, a drop of 14.3% yoy mainly because the Company

consolidated financial performance and position of the Company and subsidiaries (the “Group”) for the 3-month and 6-month periods ending 30 June 2017 as follows: Consolidated financial performance of the Group

Thailand We, Carabao Group Public Company Limited (the “Company” or “CBG”), are pleased to submit management discussion and analysis regarding consolidated financial performance and position of the Company

We, Carabao Group Public Company Limited (the “Company” or “CBG”), are pleased to submit management discussion and analysis regarding consolidated financial performance and position of the Company and

Q4/2018 operating results, the loss magnitude should be less than the Q3/2018 results. The Company anticipates its performance to recover in 2019 with sales growth target of 5-10%, mainly supported by

Thailand We, Carabao Group Public Company Limited (the “Company” or “CBG”), are pleased to submit management discussions and analysis regarding consolidated financial performance and position of the Company

business performance as a whole. The Company and its subsidiaries will closely monitor and control the operation to achieve our turnaround plan as set.

“Company” or “CBG”), are pleased to submit management discussion and analysis regarding consolidated financial performance and position of the Company and subsidiaries (the “Group”) for the 3-month and 6