Analysis (MD&A) Consolidated Financial Results: 3Q19 Major Events Performance Business Plan Document Quick Link Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 2 of 16

amounting to THB 6.8bn in media capacity nationwide. OOH media is expected to continue to grow substantially on the back of mass transit line expansion both domestically and internationally, new office

also service station location expansion; there was 1,176 stations at the end of Q1/2019. The Company had used several strategies to increase sales volume through various market promotional program e.g

higher competition. The company recorded revenue from services of 579.03 million Baht which increased from the last year totaling 431.89 million Baht or 293.52% due to the expansion of construction

spending during the remaining of 2017, encouraging by signs of growth cylinders including consumption and exports growth subsequently led a GDP expansion of 3.3%2 in the first quarter of 2017. The Bank of

MACO’s media network and expanded its presence nationwide. The expansion increased MACO media capacity by more than 55% from THB 900 (pre-consolidation) to THB 1,400mn. 2) The launch of 1st phase of CBD

partly offset by cash paid for corporate income tax of THB 25mn. Net cash used in investing activities was THB 286mn, mainly from cash paid for acquisition of equipment of THB 208mn from expansion of media

profit 1 (%) 53.2% 62.4% Current ratio (times) 1.8 1.5 EBITDA (%) 31.3% 31.1% Quick ratio6 (times) 1.8 1.5 Net profit (from FS) (%) 19.4% 18.7% Account receivable turnover (times) 4.0 4.5 Net profit (after

Kong. Roctec has an enviable track record as systems controller and media manager of MTR Hong Kong. MACO expects that the investment in Trans.Ad and Roctec will support the expansion of our digital media

to 400 days of Baht 23.04 million had not been included, the net profit of the Corporate Group for Year 2019 would be Baht 548.27 million or an increase of 29.66 percent. This was due to expansion of