Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 1 of 16 Executive Summary CPN’s revenues continues to grow primarily from strong rental business performance

.................................. 21 Climate Bonds Standard Bioenergy Criteria - Criteria Document 5 July 2020 1. Introduction 1.1 The Climate Bonds Standard Investor demand for Green Bonds and Climate Bonds is strong, and will

) remained strong at 2.21 times, representing the company’s ability to repay its debts.

-to-capital ratio of 11.50%, indicating strong financial status. 6 /8 ( ) Union Textile Industries Public Company Limited : 205 4 . 39.5 10280 . 0 2323 1085..96 : 0 2323 9283 Office & Factory: 205 Moo 4

and total portfolio and a strong growth of both domestic and overseas subsidiaries. In addition, the Company efficiently managed the selling, general and administrative expense and funding cost. 2

, the effect of the strong Thai Baht that limited the export performance of the Thai lime industry in general, and the proportionally high cost of combustible fuels Golden Lime Public Company Limited 3

pallet handling 3. 24 hour door-to-door services for customers in Asia Strong relationship with various airline and sea line Important financial information (Unit: Singapore Dollar) Balance Sheet 2018 2017

- term investment) was 0.87 times. Debt service coverage ratio (DSCR) remained strong at 2.25 times, representing the company’s ability to repay its debts.

shares had been traded with the new par starting July 13, 2017.  As of the end of 2Q2017, we had Baht 7,206.3 million of Net Interest-Bearing Debt. Our financial position is strong as reflected from the

shareholders’ equity amounting to 912.93 million Baht. The Company had debt-to-capital ratio of 9.63%, indicating strong financial status. 6 /8 ( ) Union Textile Industries Public Company Limited : 205 4 . 39.5