MANAGEMENT DISCUSSION & ANALYSIS 2019 14 FEBRUARY 2020 U CITY PCL 2019 - MD&A (for the year ended 31 December 2019) 1 U CITY PCL 2019 KEY FINANCIAL HIGHLIGHTS • Total revenue increased by 53.4% YoY

analysis for the year ending 31 December 2019, as follows: Business Overview In 2019, the Group's total revenue growth (TSSG) increased by 6.1% compared to the previous year driven mainly by new branch

. Higher sales came from stainless steel sheets, coils and automotive exhaust pipes. In general, the demand for stainless steel has increased as a result of the well recovery of the domestic economy by the

since real estate business is the significant driving force of the economy. The government has thus issued measures to boost the real estate market i.e. tax deduction of up to 200,000 THB for first time

(“the Company”) reported total revenue of THB 54,285 million, increased by 1.1%, net profit was THB 890 million, decreased by 63.4% from the same period last year. This resulted from the government

statements) Items Third quarter of 2019 Third quarter of 2018 Increased (Decreased) Amount % 1.1 Revenues from construction Baht 1,668.23 million Baht 2,400.67 million Baht (732.44)million (30.51) 1.2 Cost of

Baht, mainly due to the sales promotion expense, transportation costs in accordance with higher sales volume and increased agent commissions as selling through agents was higher. Net profit and Net

 Net profit was Bt543mn, an increase of 29.3% YoY  The total number of “Boonterm” was 124.653 kiosks, increased 32,175 kiosks or 35.4% YoY  Total usage amount was Bt36,175mn, an increase of 54.7% YoY

Printing Public Company Limited (“TBSP”) since April 4, 2018. Excluding TBSP, Company’s core revenues increased by 2% y-y in 2Q18, mainly caused by higher boost Hybrid and Digital Print & Mail business. For

closely with customers to prepare financial documents for housing loan packages. As a result, sales of residential units during the second quarter of this year increased by THB 221.6 million from THB 489.99