Investor Presentaiton

CPN Financial Performance $ Capital Management CG & SD 2018 Performance Guidance Significant revenue growth from residential projects 2018 Revenue Growth -20% Gross Profit Margin CAPEX Net D/E Ratio DJSI Status ◉ Key Drivers Residential projects (CMI, KKN, RYG) ■ New malls (NKM, MHC, PKT2, i-City) ■ Recovered Occ. Rate & ARR ☐ Slightly lower vs. 2017 ☐ ~17-18 bn THB ~0.5x ◉ Asset Enhancement Space Utilization Slight impact from lower margin residential projects Incremental cost savings initiatives (e.g., utility) Efficiency improvement through data analytics Operating cash flow of 15-16 bn THB ■ Debt financing ☐ ▪ Ample debt headroom to fund prudently reviewed investments plan ▪ Remain comfortably below policy level of 1.0x ■ Increase DJSI score to strengthen position on the index Listed 5 consecutive years CG Rating > SET50 Average ■ Maintain high level of CG practice standard with focus on sound business ethics, transparency and anti-corruption commitment Prepared by CPN Investor Relations 2018 Guidance Page 24

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