. Soraya Satiangoset) Executive Director and Chief Financial Officer 2Q 2020 KEY FINANCIAL HIGHLIGHTS 2Q 2020 SIGNIFICANT EVENTS 2Q 2020 PERFORMANCE SEGMENTAL PERFORMANCE HOSPITALITY SEGMENT OFFICE SEGMENT

PDR. Please be informed accordingly Your sincerely, (Prof.Dr.Chalerm Harnphanich, M.D.) Chief Executive Officer

Company Limited, a wholly-owned subsidiary Management Discussion and Analysis For the Three-month and Six-month Periods Ended 30 June, 2020 Page 2 Executive Summary Unit : Million baht 2020 2019 2020 2019

Page 1 of 9 Singha Estate Public Company Limited Management Discussion and Analysis 2Q20 Executive Summary Since May 2020, restriction has gradually been lifted and lockdown measure started to be

Executive Officer

Quarter Ended 31 March, 2020 Page 1 Executive Summary Unit : Million baht 2020 2019 Total revenues * 4,506.78 4,014.33 492.45 12.3 Total cost and expenses * 2,522.92 2,311.10 211.82 9.2 Gain (Loss) on

Second Quarter of 2020 1. EXECUTIVE SUMMARY WHAUP finished our Second Quarter of 2020 with a Normalized Net Income of Baht 177.7 million, a 74.4% decrease from 2Q2019 while Net Profit of Baht 317.4 million

executive expenses and staff expenses other than sale department, office rental expenses and other management and administrative expenses. For the period of three months and period of 1st half ended 30th Sept

1.93 percent in the same periods of previous year. 1.5 Administrative expenses Administrative expenses consist of executive expenses and staff expenses other than sale department, office rental expenses

Analysis For the Three-month and Nine-month Periods Ended 30 September, 2019 Page 1 Executive Summary Unit : Million baht 2019 2018 2019 2018 Total revenues * 3,669.65 3,819.56 (149.91) (3.9) 12,071.86