Equity Coverage Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) 1 of 10 Performance Overview Continuous growth in both revenue and net profits, attributed to

average Total Assets Return on Equity (ROE) = Net Profit to average Total Equity Yours faithfully, (Mr. Hiroaki Sano) Managing Director Financial Ratios Q1 2018 Q1 2017 Gross profit margin 23.9% 22.4% Net

on Equity (ROE) = Net Profit to average Total Equity Yours faithfully, (Mr. Hiroaki Sano) Managing Director Financial Ratios Q1 2019 Q1 2018 Gross profit margin 18.1% 23.2% Net profit margin 11.9% 17.3

faithfully, (Mr. Hiroaki Sano) Managing Director Financial Ratios Q2 2019 Q2 2018 Gross profit margin 20.7% 18.8% Net profit margin 14.3% 12.0% Debt to Equity ratio 0.10 0.10 Earnings per share 0.57 0.43 ROA

Equity Yours faithfully, Mr. Hiroaki Sano Managing Director Financial Ratios Q2 2018 Q2 2017 Gross profit margin 19.2% 20.1% Net profit margin 12.0% 8.4% Debt to Equity ratio 0.11 0.14 Earnings per share

average Total Equity Yours faithfully, Mr. Hiroaki Sano Managing Director Financial Ratios Q3 2018 Q3 2017 Gross profit margin 20.2% 17.7% Net profit margin 11.9% 7.4% Debt to Equity ratio 0.14 0.12

average Total Equity Yours faithfully, (Mr. Hiroaki Sano) Managing Director

Assets Return on Equity (ROE) = Net Profit to average Total Equity Yours faithfully, (Mr. Hiroaki Sano) Managing Director

to average Total Equity Yours faithfully, (Mr. Hiroaki Sano) Managing Director

’ spread margin with the reliability of production unit. Financial Ratios Q3 2017 Q3 2016 Gross profit margin 17.7% 10.1% Net profit margin 7.4% 2.6% Debt to Equity ratio 0.12 0.14 Earnings per share 0.30