capital-Paid million baht 1,247 1,247 1,247 Key financial ratios Liquidity ratios Current ratio times 2.99 3.07 3.09 Quick ratio times 2.04 2.22 2.35 Cash ratio times 0.45 0.37 0.38 Receivable turnover

2017) MASTER AD PLC MANAGEMENT DISCUSSION & ANALYSIS 2Q 2017 1 AUG 2017 KEY FINANCIAL RATIOS 1 Excludes the impacts of COMASS’s statement of financial position consolidation 2 Calculated from operating

of THB 13mn. 5 MD&A 3Q 2017 (Ended 30 September 2017) MASTER AD PLC MANAGEMENT DISCUSSION & ANALYSIS 3Q 2017 20 OCT 2017 NINE-MONTH CASH FLOW SNAPSHOT KEY FINANCIAL RATIOS 1 Calculated from operating

COVERAGE 7 KEY FINANCIAL RATIOS 1Q 2018 1Q 2019 31-Dec 2018 31-Mar 2019 Profitability Ratios Liquidity Ratios Gross profit 1 (%) 60.5% 33.7% Current ratio (times) 1.5 1.7 Operating EBITDA (%) 32.3% 15.8

& ANALYSIS 1Q 2018 MD&A 1Q 2018 (ended 31 March 2018) 14 MAY 2018 KEY FINANCIAL RATIOS 1 Calculated from operating revenue 2 Net Profit attributable to equity holders of the Company/ operating revenue 3 Net

NOV 2018 KEY FINANCIAL RATIOS 1 Calculated from operating revenue 2 Net Profit attributable to equity holders of the Company/ operating revenue 3 Net Profit (Annualised) / Average Total Shareholders

RATIOS 3Q 2018 3Q 2019 31-Dec 2018 30-Sep 2019 Profitability Ratios Liquidity Ratios Gross profit 1 (%) 42.4% 35.5% Current ratio (times) 1.6 1.1 Operating EBITDA (%) 24.7% 15.5% Quick ratio6 (times) 1.6

the period 841 794 5.9% 2,459 2,266 8.5% Profit attributable to owners of the parent 838 772 8.5% 2,436 2,216 9.9% Key Ratios (%) Gross profit margin 34.6% 31.8% 2.8% 34.9% 31.7% 3.2% SG&A to net sales

-100.0% Profit for the period 809 796 1.6% 3,268 3,062 6.7% Profit attributable to owners of the parent 823 789 4.3% 3,259 3,005 8.4% Key Ratios (%) Gross profit margin 35.0% 34.5% 0.5% 34.9% 32.4% 2.5% SG

THB 65mn. FINANCIAL RATIOS Profitability Ratios 2Q 2016/17 (Restated) 2Q 2017/18 Liquidity Ratios 31-Mar-17 (Restated) 30-Sep-17 Gross profit (%) 58.9% 60.4% Current ratio (times) 0.9 0.9 Operating