Bangkok Expressway and Metro Public Company Limited (BEM) FEBRUARY 2021 Business Overview

COMMERCIAL ROAD INVESTMENT RAIL DEVELOPMENT

Total Expressway Total Rail BL = IBL + BL Ex Infrastructure portfolio SES 38.50 km BL 48 km 38 stations For advertising in Stations & • Owns 99.99% in NECL Sector C+ 32.00 km PPL 23 km 16 stations Trains, Retailing and • Owns 90.52% in BMN SOE 17.06 km Total 71 km 54 stations Telecommunications • Owns 18.47% in TTW Total 87.56 km • Owns 16.64% in CKP BL Ridership PPL to be negotiated with MRTA Traffic Volume Jan 2021 Profit sharing in P&L Jan 2021 151,237 trips/day Expressway Ads on SES Y2019 173 MB 799,583 trips/day Growth -61.95% YoY 9M/2020 - MB Growth -34.30% YoY Avg. 2021 CD Revenue Avg. 2021 151,237 trips/day Y2019 783 MB Cash Dividend Received 799,583 trips/day Growth -61.95% YoY 9M/2020 586 MB Y2019 489 MB Growth -34.30% YoY Growth 4.30% YoY 9M/2020 483 MB BL farebox Tolls Revenue Jan 2021 Jan 2021 4.24 MB/day 17.33 MB/day Growth -60.05% YoY Growth -37.67% YoY Avg. 2021 Avg. 2021 4.24 MB/day 17.33 MB/day Growth -60.05% YoY Growth -37.67% YoY PPL O&M service income Annual Income apx.1,800 - 2,000 MB/year

2 Financial Highlights & Earnings Outlook

REVENUE STRUCTURE TOTAL REVENUE

As of 9M/2020 Unit: MB SteadyRevenue with Growth

20,404 trong Earnings with Good Dividend 19,087 S Rail : 34% 15,393 13,232 Stable Cash Flow Road : 60% 10,589

Road Gearing for new investment Rail Commercial CD Development : Other 6% 2016 2017 2018 2019 9M/2020

NET PROFIT DPS / EPS NET IBD/E

Unit: MB Unit: THB Unit : Times

5,317* 5,435** 1.44

3,123 0.35* 0.36** 1.38 2,606 1.37 1.34 1,482 0.20 1.33 0.17 0.15 0.15 0.11 0.13 0.10 DPS EPS 2016 2017 2018 2019 9M/2020 2016 2017 2018 2019 9M/2020 2016 2017 2018 2019 9M/2020

Remark : * Including non - cash extra item from reclassified the investment in CKP ** Including non - cash extra item from reclassified the investment in TTW 3 Expressway Map

Expressway Network Distance (km) Operator

1. First Stage Expressway System (FES) 27.10 EXAT

2. Second Stage Expressway System (SES) 38.50 BEM

3. Northern Stage Expressway (C+) (Bang Pa In – Pak Kret Expressway) 32.00 NECL

4. Don Muang Tollway (DMT) 28.00 DMT

5. Ramindra-Atnarong Expressway (RAE) 32.90 EXAT

6. Bang Pli - Suksawad Expressway (Southern Outer Ring Road) 42.30 EXAT and Highway No. 37 (Suksawad-Bang Khun Thien Section)

7. Bangna-Chonburi Expressway 56.70 EXAT

8. Si Rat – Outer Ring Road Expressway (SOE) 17.06 BEM

Total 274.56

Revenue sharing

Expressway BEM : EXAT 1. First Stage Expressway System (FES) 40 : 60

2. Second Stage Expressway System (SES) Sector A 40 : 60 Sector B 40 : 60 Sector C 100 : 0 Sector D 100 : 0 3. Si Rat – Outer Ring Road Expressway (SOE) 100 : 0

4. Northern Stage Expressway (C+) (Bang Pa In – Pak Kret Expressway) 100 : 0

4 Highlights of Expressway Business

• Toll Reliable cash revenue Toll Revenue & Traffic Revenue Remaining Concession Period • Steady traffic growth Expressway Revenue (MB) Traffic • CAGR = 2.02% (2015 - 2019) Extended Concession Right to Renewal Traffic ('000 Trips/Day) • SOE contributes highest traffic growth FES & SES 4 years 15 years 8 months 1,230 1,237 4 months 1,178 1,214 (Sector A-B-C) 1,022 9,957 10,174 10,302 9,301 1,237 1,214 1,230 Udonrattaya 1,178 8 years 6 months 11 years 6 months 9,957 10,174 10,302 1,022 (Sector C+) 9,301 5,953 • Entitled to full renewal of existing FES&SES&C+ • Concession agreements SES Extension Project 9 years 1 months 10 years 11 months 5,953 • Toll revision every 10 years (Sector D)

• 15 mins to downtown Sirat Outer Ring 2016 2017 2018 2019 9M/2020 • East - West Corridor link SOE Road (SOE) • Toll hike every 5 years Project Expressway Revenue (MB) Traffic ('000 Trips/Day) (bt15 without applying CPI base) 2016 2017 2018 2019 9M/2020 2019 2035 2042

Expressway Strength Summary of Concession Extension Benefit

• Resolve all past and future disputes with EXAT • Steady revenue • Over 30 years of expressway service and maintenance experience. • Extend concession with appropriate compensation and return • Reduce operation cost from • Opportunity to grow from expressway network connecting and expanding • Share revenue with EXAT as existing concession economy of scale expressway capacity by the Double Deck project. • Right to commercially develop on expressway structure • No amortization from existing structure (SES: sector A B C) • Long term secure for Expressway revenue margin with stable cash flow. • Right to extend concession up to 20 years • First right to refusal for extension of expressway

5 Future Bangkok Mass Network : 10 Lines

1 Thammasart –Mahachai : 80.8 km 4 Lumlukka – Bang Pu : 66.5 km

7 Bang Yai – Rat Burana : 42.8 km 9 Kae Rai– Min Buri : 36 km

2 Salaya-Hau Mark : 48 km

10 Lat Phrao - Samrong : 30.4 km

Taling Chan - Min Buri - 6 8 Cultural Center : 35.9 km

Bang Sue – Phuttamonthon Sai 4 : 55 km

5 Yot Se – Bang Wa : 15.5 km 3 Airport Link : 50.3 km

6 Metro Map

Existing Metro Lines Under construction Lines

Bang Pho - Tha Pra

Wat Mangkorn –

Distance Operated Distance Operated Projects Stations Trains Cars Status Operator Projects Stations Trains Cars Status Operator (km) (Year) (km) (Year)

Blue Line : Bang Sue - Hua Lamphong 20 18 2004 Red Line (Bang Sue-Rang Sit) 26.3 8 - - Constructing 2021 SRT Tao Poon 1 1 54 162 Operating Aug11, 2017 BEM Wat Mangkorn - Lak Song 14 11 Sep 29,2019 Green Line Bang Pho Tha Pra BTS - 13 8 Mar 30,2020 Mochit - Khu Khot 17.8 16 - Constructing 2021 (Bang Yai-Tao Poon) 23 16 21 63 Operating Aug 6, 2016 BEM (Kae Rai – Min Buri) 34.5 30 42 168 Constructing 2021 BTS

Airport Rail Link (Phaya Thai - Suvarnabhumi Airport) 28.5 8 9 - Operating 2010 SRT 30.4 23 30 120 Constructing 2021 BTS (Lat Phrao –Samrong) Green Line : Mochit – On Nut 17.0 17 Bang Chak – Bearing 5.3 5 1999 22.5 17 - - Constructing 2024 - Samrong – Kheha 12.6 9 Dec 2018 BTS 52 296 Operating (TCC - Minburi)

Light Green Line : National Stadium –SaphanTaksin 6.5 6 Total (km) 131.5 SaphanTaksin–Bang Wa 7.5 6 1999

Total (km) 148.4

7 Map of and Purple Line

Klong Bang Pai Bang Rak Phara Nang Bang Talad Bang Yai Noi Tha It Klao Bridge Krasor Civic Center Sam Yaek Bang Bang Sai Ma Yaek Bang Yai Plu Rak Yai Nonthaburi 1 Ministry of Public Health Yaek Tiwanon Wong Sawang Bang Son

Blue Line Connect with Light Green Line Section I Connect with Green Line Connect with Airport Rail Link Connect with Dark Red Line Connect with Light Red Line

Connect with Orange Line River Phraya Chao Section III Connect with Yellow Line Connect with Purple Line

Bang Phai Section II 8 Highlights of Mass Transit Business

Rail Revenue & Ridership High Potential Growth Concession Period Blue Line Jul 2029 Mar 2050 Revenue (MB) • The only Circle Line in Bangkok Ridership ('000 Trips per Day) Farebox • Double digit ridership growth revenue & • Additional revenue from Purple Line Purple Line Aug 2043 Ridership • Passengers increased by connecting future 337 Bangkok mass rapid transit network. 295 312 5,022 4,521 4,736 249 Average Fare 274 3,319 COD BL Ex III 3,230 on 30 Mar 20 30 COD BL Ex II on 29 Sep 19 • Purple Line operated on Aug 6, 2016 28 Expected • BL Ex is fully operated on Mar 30, 2020 26 Service by 24 • Potential to be an operator of Purple Line extension Distance 22 (south) by direct negotiation with MRTA. 20 2016 2017 2018 2019 9M/2020 Jan-16 Jul-16 Jan-17 Jul-17 Jan-18 Jul-18 Jan-19 Jul-19 Jan-20 Jul-20 Jan-21

Blue Line (Hua Lamphong – Bang Sue, Tao Poon – - Lak Song)

• Operated • Open for public earlier than planned with no cost overrun (partially open before March 2020 as per contract ) • PPP Net Cost • Form Circle Line which covers all CBD • Income source : Fare base • Fare revision every 2 years • Share revenue with MRTA only when IRR exceeds 9.75% • COD : Jul 3, 2004 (Initial BL) • Expect ridership growth at 8 – 10% /year Mar 30, 2020 (fully operated BL) • Economy of scale to control operation cost • Concession period 30 years (2020 - 2050) Strength • 48 km 38 stations • Increase CD revenue from the significant growth of ridership • Opportunity to extend South BL extension to Phutthamonthon Sai 4

Purple Line (Bang Yai-Bang Sue)

• Operated • PPP Gross Cost • Open for public for 3 years with great efficiency • Income source : O&M service • Generate good and steady revenue with profit margin at 10.50% Annual income Apx. 1,800 MB/year • Opportunity to improve revenue due to the ridership increase • COD : Aug 6, 2016

Strength • Opportunity to extend PPL South by negotiation under PPP Act • Concession period 30 years (2013 - 2043) • 23 km 16 stations 9 Highlights of Commercial Development Business

CD Revenue

Unit: MB Strenght

• Increasing eyeballs continuously untill year 2050 783 as BL Extension completed 705 675 573 586 • Right to develop in all areas under new Blue Line concession • Concrete business plan encourages steady growth • Additional development can be negotiated with MRTA

2016 2017 2018 2019 9M/2020

METRO EXPRESSWAY Advertising Telecommunications Retail Spaces

38 Stations & 54 Trains • Mobile phone Network Retail Spaces in Blue Line station • Rest area • Static Media • High Speed Internet • Brighten up : 9 stations • Static Media • Digital Media • Future Internet Technology • Under Development : 2 stations • Digital Media • Creative & Innovative Design • Wi-Fi Service

10 Financial Highlights

Consolidated (Unit : MB) 2019 2018 %CHANGE Revenue :- Revenue from Expressway business 10,302 10,174 1.26% Revenue from Rail business 5,022 4,736 6.04% Revenue from Commercial development business 783 705 11.06% Others 4,297 3,473 23.73% Total Revenue 20,404 19,088 6.89% Expense :- Costs of Expressway business (1,992) (1,838) 8.38% Costs of Rail business (3,797) (3,542) 7.20% Costs of Commercial development business (210) (170) 23.53% Amortization – Expressway (4,048) (4,037) 0.27% Amortization – Rail (264) (188) 40.43% Selling and Administration (1,336) (1,364) -2.05% Profit before share of profit from investments in associates, financial cost and income tax expenses 8,757 7,949 10.16% Share of profit (loss) from investments in associates 173 433 -60.07% EBIT 8,930 8,382 6.54% Financial Cost (1,723) (1,857) -7.22% Income tax (1,755) (1,189) 47.60% Profit for the Period 5,452 5,336 2.17% Profit/(Loss) Attributable to Non-controlling interests (17) (19) -10.53%

Profit Attributable to Equity Holders of the Company 5,435 5,317 2.22% EPS (Bath) 0.36 0.35 DPS (Baht) 0.15 0.15 11 Financial Highlights

Consolidated (Unit : MB.) Q3/2020 *Q3/2019 %CHANGE 9M/2020 *9M/2019 %CHANGE

Revenue :- Expressway Business 2,147 2,608 -17.68% 5,953 7,711 -22.80%

Rail Business 1,210 1,266 -4.42% 3,319 3,639 -8.79%

Commercial Development 215 201 6.97% 586 562 4.27%

Others 295 356 -17.13% 731 4,187 -82.54%

Total Revenue 3,867 4,431 -12.73% 10,589 16,099 -34.23% Expense :- Costs of Expressway Business (410) (505) -18.81% (1,294) (1,475) -12.27%

Costs of Rail Business (1,226) (953) 28.65% (3,491) (2,727) 28.02%

Costs of commercial development (51) (54) -5.56% (156) (150) 4.00%

Amortization – Expressway (237) (1,025) -76.88% (1,146) (3,020) -62.05%

Amortization – Rail (102) (54) 88.89% (255) (150) 70.00%

Selling and Administration (309) (303) 1.98% (955) (947) 0.84%

Profit before share of profit from investments in associates, financial cost and income tax expenses 1,532 1,537 -0.33% 3,292 7,630 -56.85%

Share of profit (loss) from investments in associates - - 0.00% - 173 -100.00%

EBIT 1,532 1,537 -0.33% 3,292 7,803 -57.81% Financial Cost (560) (422) 32.70% (1,563) (1,246) 25.44% Income tax (148) (175) -15.43% (242) (1,629) -85.14% Profit for the Period 824 940 -12.34% 1,487 4,928 -69.83%

Profit/(Loss) Attributable to Non-controlling interests (2) (3) 33.33% (5) (15) 66.67%

Profit Attributable to Equity Holders of the Company 822 937 -12.27% 1,482 4,913 -69.84%

Earnings per Share 0.05 0.06 0.10 0.32

Net Profit Margin 21.61% 21.60%

Return on Equity 5.13% 8.24%

Book Value per Share 2.55 2.57

Remark : * Including non – cash extra item from reclassified the investment in TTW 12 Appendix (A)

13 Average Traffic Volume

(Thousand trips/Day)

1,300 2019 2020 1,200 2018 2017 1,100

1,000

900

800 2021

700

600

500

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Avg. %YoY

2021 799.58 799.58 -34.30%

2020 1,216.97 1,201.74 955.75 589.86 804.89 1,018.25 1,121.21 1,131.69 1,153.23 1,130.57 1,158.83 1,107.13 1,049.10 -15.21%

2019 1,239.85 1,255.73 1,288.11 1,183.02 1,218.34 1,244.63 1,223.34 1,260.20 1,238.35 1,235.54 1,257.85 1,203.37 1,237.26 0.58%

2018 1,206.51 1,266.04 1,269.04 1,154.27 1,213.29 1,242.35 1,205.30 1,251.22 1,227.88 1,220.11 1,283.91 1,224.67 1,230.13 1.33%

2017 1,181.32 1,229.06 1,255.82 1,144.81 1,196.64 1,240.76 1,201.12 1,241.68 1,245.94 1,152.97 1,264.21 1,216.84 1,214.03 2.93%

%YoY 21/20 -34.30% 14 Average Toll Revenue

(Million Baht/Day)

30 2019 28 2020 2018 26 2017

24

22

20

18 2021 16

14

12

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Avg. %YoY

2021 17.33 17.33 -37.67%

2020 27.81 27.42 20.84 12.62 17.48 22.29 24.62 24.93 25.49 25.01 25.61 24.39 23.20 -17.79%

2019 28.17 28.54 29.34 26.96 27.73 28.42 27.94 28.83 28.29 28.23 28.74 27.54 28.23 1.27%

2018 27.25 28.63 28.73 26.12 27.42 28.12 27.33 28.39 27.80 27.65 29.18 27.91 27.87 2.18%

2017 26.33 27.43 28.06 25.61 26.81 27.83 27.02 28.04 28.11 25.99 28.62 27.52 27.28 7.02%

%YoY 21/20 -37.67% 15 Expressway : Total Traffic Volume

(Trips/Day) (Trips/Day)

Jan-21 Jan-20 Change % 1M-21 1M-20 Change %

FES 247,785 366,830 -119,045 -32.45% FES 247,785 366,830 -119,045 -32.45%

Sector A 146,228 218,335 -72,107 -33.03% Sector A 146,228 218,335 -72,107 -33.03%

Sector B 58,401 97,128 -38,727 -39.87% Sector B 58,401 97,128 -38,727 -39.87%

Urban 452,414 682,293 -229,879 -33.69% Urban 452,414 682,293 -229,879 -33.69%

Sector C 133,021 180,819 -47,798 -26.43% Sector C 133,021 180,819 -47,798 -26.43%

Sector D 114,833 201,439 -86,606 -42.99% Sector D 114,833 201,439 -86,606 -42.99%

SOE 40,923 66,415 -25,492 -38.38% SOE 40,923 66,415 -25,492 -38.38%

Sub urban 288,777 448,673 -159,896 -35.64% Sub urban 288,777 448,673 -159,896 -35.64%

Total BEM 741,191 1,130,966 -389,775 -34.46% Total BEM 741,191 1,130,966 -389,775 -34.46%

NECL (C+) 58,392 86,005 -27,613 -32.11% NECL (C+) 58,392 86,005 -27,613 -32.11%

Total BEM+NECL 799,583 1,216,971 -417,388 -34.30% Total BEM+NECL 799,583 1,216,971 -417,388 -34.30%

16 Expressway : Total Traffic Volume

(Trips/Day) (Trips/Day)

Q4-2020 Q4-2019 Change % 2020 2019 Change %

FES 318,381 370,834 -52,453 -14.14% FES 318,381 373,844 -55,463 -14.84%

Sector A 187,879 218,755 -30,875 -14.11% Sector A 187,879 220,366 -32,487 -14.74%

Sector B 78,397 96,237 -17,841 -18.54% Sector B 78,397 96,704 -18,307 -18.93%

Urban 584,656 685,826 -101,170 -14.75% Urban 584,656 690,914 -106,258 -15.38%

Sector C 165,139 186,026 -20,887 -11.23% Sector C 165,139 187,665 -22,526 -12.00%

Sector D 161,414 203,439 -42,026 -20.66% Sector D 161,414 203,169 -41,755 -20.55%

SOE 58,898 65,451 -6,553 -10.01% SOE 58,898 64,253 -5,354 -8.33%

Sub urban 385,451 454,917 -69,466 -15.27% Sub urban 385,451 455,087 -69,636 -15.30%

Total BEM 970,107 1,140,743 -170,635 -14.96% Total BEM 970,107 1,146,001 -175,893 -15.35%

NECL (C+) 78,991 91,232 -12,241 -13.42% NECL (C+) 78,991 91,256 -12,265 -13.44%

Total BEM+NECL 1,049,099 1,231,975 -182,876 -14.84% Total BEM+NECL 1,049,099 1,237,257 -188,158 -15.21%

17 Expressway : Total Toll Revenue

(Baht/Day) (Baht/Day)

Jan-21 Jan-20 Change % 1M-21 1M-20 Change %

FES 4,671,534 7,439,794 -2,768,260 -37.21% FES 4,671,534 7,439,794 -2,768,260 -37.21%

Sector A 2,680,833 4,304,953 -1,624,120 -37.73% Sector A 2,680,833 4,304,953 -1,624,120 -37.73%

Sector B 1,097,036 1,959,166 -862,130 -44.00% Sector B 1,097,036 1,959,166 -862,130 -44.00%

Urban 8,449,403 13,703,913 -5,254,510 -38.34% Urban 8,449,403 13,703,913 -5,254,510 -38.34%

Sector C 1,664,910 2,416,093 -751,183 -31.09% Sector C 1,664,910 2,416,093 -751,183 -31.09%

Sector D 2,713,382 4,801,497 -2,088,115 -43.49% Sector D 2,713,382 4,801,497 -2,088,115 -43.49%

SOE 1,924,903 3,124,732 -1,199,829 -38.40% SOE 1,924,903 3,124,732 -1,199,829 -38.40%

Sub urban 6,303,195 10,342,322 -4,039,127 -39.05% Sub urban 6,303,195 10,342,322 -4,039,127 -39.05%

Total BEM 14,752,598 24,046,235 -9,293,637 -38.65% Total BEM 14,752,598 24,046,235 -9,293,637 -38.65%

NECL (C+) 2,580,356 3,762,346 -1,181,990 -31.42% NECL (C+) 2,580,356 3,762,346 -1,181,990 -31.42%

Total BEM+NECL 17,332,954 27,808,581 -10,475,626 -37.67% Total BEM+NECL 17,332,954 27,808,581 -10,475,626 -37.67%

18 Expressway : Total Toll Revenue

(Baht/Day) (Baht/Day)

Q4-2020 Q4-2019 Change % 2020 2019 Change %

FES 6,084,618 7,527,911 -1,443,293 -19.17% FES 6,084,618 7,583,369 -1,498,751 -19.76%

Sector A 3,497,893 4,312,195 -814,302 -18.88% Sector A 3,497,893 4,343,526 -845,633 -19.47%

Sector B 1,493,461 1,941,094 -447,634 -23.06% Sector B 1,493,461 1,950,797 -457,337 -23.44%

Urban 11,075,972 13,781,200 -2,705,229 -19.63% Urban 11,075,972 13,877,693 -2,801,721 -20.19%

Sector C 2,085,544 2,484,330 -398,786 -16.05% Sector C 2,085,544 2,509,429 -423,885 -16.89%

Sector D 3,816,944 4,849,390 -1,032,446 -21.29% Sector D 3,816,944 4,843,829 -1,026,885 -21.20%

SOE 2,770,096 3,079,274 -309,178 -10.04% SOE 2,770,096 3,021,696 -251,600 -8.33%

Sub urban 8,672,584 10,412,994 -1,740,410 -16.71% Sub urban 8,672,584 10,374,954 -1,702,370 -16.41%

Total BEM 19,748,556 24,194,194 -4,445,638 -18.37% Total BEM 19,748,556 24,252,647 -4,504,091 -18.57%

NECL (C+) 3,456,390 3,969,165 -512,775 -12.92% NECL (C+) 3,456,390 3,973,550 -517,160 -13.02%

Total BEM+NECL 23,204,946 28,163,359 -4,958,413 -17.61% Total BEM+NECL 23,204,946 28,226,197 -5,021,251 -17.79%

19 Average Daily Ridership

(Thousand trips/Day)

400 2020

350 2019 300 2018 2017 250

200

150 2021

100

50

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Avg. %YoY

2021 151.24 151.24 -61.95%

2020 397.44 363.88 233.98 78.49 118.80 202.68 253.37 288.11 310.33 299.93 311.75 269.09 260.47 -22.65%

2019 316.85 321.70 330.49 296.64 302.09 311.72 316.72 338.51 351.51 375.36 412.75 365.88 336.85 8.12%

2018 299.02 323.54 315.35 277.99 294.90 316.44 301.13 331.00 325.33 321.09 342.81 291.54 311.54 5.50%

2017 273.58 299.90 308.42 266.11 274.19 302.57 282.04 313.76 319.82 300.12 322.29 282.36 295.30 7.65%

%YoY 21/20 -61.95% 20 Average Daily Revenue

(Million Baht/Day) 12

11 2020 10

9

8 2019 2018 7 2017

6

5

4 2021

3

2

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Avg. %YoY

2021 4.24 4.24 -60.05%

2020 10.62 9.68 6.28 2.19 3.31 5.62 7.00 7.95 8.59 8.33 8.67 7.43 7.14 -17.71%

2019 8.04 8.15 8.35 7.51 7.65 7.87 8.02 8.58 8.97 9.99 11.18 9.77 8.67 9.99%

2018 7.56 8.17 7.95 7.06 7.51 8.07 7.61 8.38 8.19 8.10 8.69 7.39 7.89 6.95%

2017 6.91 7.48 7.59 6.75 6.81 7.40 7.07 7.80 7.97 7.39 8.21 7.16 7.37 8.45%

%YoY 21/20 -60.05% 21 Metro : Average Daily Ridership & Revenue: Blue Line (BL)

Ridership Farebox Revenue

(Trips/Day) (Baht/Day)

Jan-21 Jan-20 Change % Jan-21 Jan-20 Change %

BL 151,237 397,440 -246,203 -61.95% BL 4,243,733 10,622,150 -6,378,417 -60.05%

1M-21 1M-20 Change % 1M-21 1M-20 Change %

BL 151,237 397,440 -246,203 -61.95% BL 4,243,733 10,622,150 -6,378,417 -60.05%

(Trips/Day) (Baht/Day)

Q4-2020 Q4-2019 Change % Q4-2020 Q4-2019 Change %

BL 293,392 385,306 -91,914 -23.85% BL 8,136,997 10,303,015 -2,166,018 -21.02%

2020 2019 Change % 2020 2019 Change %

BL 260,470 336,849 -76,379 -22.67% BL 7,135,713 8,673,797 -1,538,084 -17.73%

22 Disclaimer

The information in this presentation has been prepared by Bangkok Expressway and Metro Public Company Limited (BEM) and is general background information about BEM’s activities current as at date of this presentation. This presentation is not intended to provide the basis of any investment decision, nor to substitute your own analysis and investigation and should not be considered as a recommendation to any recipient of this presentation. Before acting on any information you should consider the appropriateness of the information having regard to these matters, any relevant offer document and in particular, you should seek independent financial advice. All securities or instrument transactions involve risks and uncertainties which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Nothing in this presentation is, or should be relied on as a promise or representation of BEM as to the future.

Thank you For further inquiry www.bemplc.co.th Email : [email protected]

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