MANAGEMENT DISCUSSION & ANALYSIS 1Q 2019 13 MAY 2019 MASTER AD PUBLIC COMPANY LIMITED NATIONWIDE COVERAGE 1 QUARTERLY BUSINESS REVIEW – 1Q 2019 • Consolidated revenue increased by 149.3% to THB 689mn

MANAGEMENT DISCUSSION & ANALYSIS 2Q 2019 7 AUGUST 2019 MASTER AD PUBLIC COMPANY LIMITED NATIONWIDE COVERAGE 1 QUARTERLY BUSINESS REVIEW – 2Q 2019  Consolidated revenue increased by 161.5% YoY to THB

period ended September 30, 2019, resulted in decrease in net profit of Baht 26.95 million or 91.26% from the corresponding period of the previous year as the following details below: 1. Revenue from sales

17.06 million or 12.50% from the corresponding period of the previous year as the following details below: 1. Revenue from sales and services increased Baht 319.06 million or 12.50% from the corresponding

2017 as follows: Profit and Loss Statement Total Revenue The company earned THB 200.5 mn in Q2/2017, decrease from the same period in last year amounting to THB 18.6 mn by 8.5% can be summarized as

net profit of Baht 13.83 million or 190.99% from the corresponding period of the previous year as the following details below: 1. Revenue from sales and services increased Baht 315.20 million or 112.48

Dusit Thani Bangkok hotel and THB 3 million net increase from new investments. The Company still maintains core revenue growth forecast at 8-10% and plans to sell investment in subsidiary to alleviate

QUARTERLY BUSINESS HIGHLIGHTS – 3M 2020 Consolidated revenue decreased by 13.7% YoY to THB 612mn o Advertising revenue increased by 3.1% YoY to THB 270mn o System integration services revenue decreased by

the Q2/2017, the company and its subsidiaries have the total revenue from sales in amount of Baht 3,199.0 million which is increasing from the 2016 at equivalence of Baht 379.4 million, about 13%. These

in the Q3/2017, the company and its subsidiaries have the total revenue from sales in amount of Baht 3,282.3 million which is increasing from the 2016 at equivalence of Baht 453.3 million, about 16