digital channels • Connectivity 5 Provinces, 3 Airports with 9 stations • Distance: 220 km • Train Maximum Speed 250 km/hour • Travel Time Within 60 minutes HIGH-SPEED RAIL • Capacity: Increase container

1 ASIA’S BOUTIQUE AIRLINE Management’s Discussion and Analysis For the period ended 30 June 2017 Bangkok Airways Public Company Limited and Its Subsidiaries 2 ASIA’S BOUTIQUE AIRLINE Bangkok Airways

1 ASIA’S BOUTIQUE AIRLINE Management’s Discussion and Analysis For the period ended 30 June 2018 Bangkok Airways Public Company Limited and Its Subsidiaries 2 ASIA’S BOUTIQUE AIRLINE Bangkok Airways

1 ASIA’S BOUTIQUE AIRLINE Management’s Discussion and Analysis For the period ended 30 June 2018 Bangkok Airways Public Company Limited and Its Subsidiaries 2 ASIA’S BOUTIQUE AIRLINE Bangkok Airways

shall be in accordance with the resolution of the 2019 Annual General Meeting of Shareholders of the Business to be convened on 23 April 2019. As the Offer period spans 35 business days from 25 March 2019

investor protection in this regard, the SEC has set up a special investor support team to ensure assistance and advice on withdrawal, receipt of returned assets or transfer of digital assets. The 24-hour

1 ASIA’S BOUTIQUE AIRLINE Management’s Discussion and Analysis For the period ended 30 June 2020 Bangkok Airways Public Company Limited and Its Subsidiaries Bangkok Airways Public Company Limited and

Microsoft Word - MD&A Q12018- ENG.doc 1 ASIA’S BOUTIQUE AIRLINE Management’s Discussion and Analysis For the three-month period ended 31 March 2018 Bangkok Airways Public Company Limited and Its

1,499.1 International 739.9 744.6 Aircraft utilization Block Hour per Day per Aircraft 9.1 9.6 Airbus A320 10.3 10.4 Airbus A319 9.7 10.6 ATR 72-500 & ATR 72-600 7.3 7.9 Number of aircraft at end of period

Construction EVN = Electricity of Vietnam FX = Foreign exchange IPO = Initial public offering IU = Industrial user JV = Joint venture KWh = Kilowatt-hour MWh = Megawatt-hour mmBtu = Million Btu (unit of gas