7.5% or THB 25 mil from q-q, mainly caused by higher revenues from Business Form and Office Paper. Revenue Breakdown Mil THB 337 362.1 266 262.0 0.3 Q3 18 Q3 19 624.4 + 3.6% 603 +7.5% - 1.4% +100.0

. 01 million in 1Q2019, representing an increase of THB 232.91 million or 6.24% up from 1Q2018 mainly from higher revenue of chicken processing business which increased by THB 248.80 million or 17.75% up

2017/18. The increase was mainly driven by encouraging growth in the Out-of-Home media sector as well as the consolidation of Trans.Ad Solutions Company Limited and Roctec Technology Limited

growth of approximately 2.9% in THB terms, while sales revenue in USD terms grew by 6.7%. The increase was primarily due to an increase in capacity utilization at Phase 3 at the new plant, and an increase

290mn, a significant increase of 53.1% YoY. The strong performance was mainly driven by the full-year consolidation of Comass, which was started in July 2017 and the revenue recognition of CBD LED Network

decreased by THB 11.12 million or 0.25% up from 3Q2016. Revenue from chicken processing segment amounting THB 1,966.03 million, improved by THB 121.52 million or 6.59% up from 3Q2016 mainly from higher

(3M 2020) 15 JUL 2020 MASTER AD PUBLIC COMPANY LIMITED 3 During 3M 2020, MACO recorded an operating revenue of THB 612mn, a decrease of 13.7% from THB 710mn in 3M 2019. The decrease was mainly affected

+ (-) Company's Performance as at September 30 (Million Baht) Operating Profit (Loss) EBITDA Net Profit (Loss) Total Comprehensive income for ther period 1.1 Revenue Major revenue of The Group mainly came from

THB 13.8mn from THB 177.8mn in 2Q17. This was primarily due to the Company’s business expansion as well as administration expenses for new subsidiaries that operating commercial real estate business and

management in contemplation of enhancing business efficiency to accommodate sustainable growth. PERFORMANCE OVERVIEW 2 | MANAGEMENT DISCUSSION AND ANALYSIS FOR Q1-2020 Revenue Major revenue of The Group mainly