MD&A (for the quarter ended 30 June 2018) 5 U CITY PCL 15 MAY 2018 OFFICE SEGMENT BLENDED OFFICE PERFORMANCE METRICS NET FLOOR AREA (NFA) & OCCUPANCY RATE TST TOWER & 33 GRACECHURCH FULLY OCCUPIED
) & OCCUPANCY RATE TST TOWER & 33 GRACECHURCH FULLY OCCUPIED Renovation of Underwood Street office building continues and is expected to complete within 2018. Occupancy metrics will thus exclude Underwood Street
added to U City’s office building portfolio. The building has an NFA of 16,115 sqm and end of March 2018 occupancy rate of 99.7%. U City’s office building portfolio was essentially fully occupied
the purchaser for the outstanding amount. A part of the proceeds from the disposal of assets were used to pay down on the bank overdrafts and short- term loan outstanding in March 2017. The Company
(but shall be included from 1Q 2019 onwards). As of 4Q 2018, U City’s office building portfolio was 99% occupied on a blended basis, down slightly from the previous year on tenant turnover at TST Tower
land for Baht 166.54 million. In March 2017, the Group had transferred the ownership of the land to the purchaser since the Group has already received the payments from the purchaser for the outstanding
transferred the ownership of the land to the purchaser since the Group has already received the payments from the purchaser for the outstanding amount. For the financial statement ended December 31, 2017, the
of steel Relationship with the Company Business Partners Debt amount * 252.08 million Baht Debt to Sales ratio** 7.33% Provision for allowance for doubtful accounts 100% of outstanding balance due to
partial tender offer of the business under Chapter 5 of the SEC Notification No. ThorJor. 12/2554. 1 In case of shares, regardless of class or issue, the total number of outstanding securities = ordinary
already received the payments from the purchaser for the outstanding amount. For the three-month period financial statement ended June 30, 2017, the Company recorded lower Finance cost than the Finance cost