60mn passengers annually. Advertising at MRT-SBK line Advertising at KL International Airport MANAGEMENT DISCUSSION & ANALYSIS 1Q 2019 13 MAY 2019 MASTER AD PUBLIC COMPANY LIMITED NATIONWIDE COVERAGE 2

subsidiaries for debentures and line of credit from financial institutions. Management Discussion and Analysis Quarter 1/2018 Page 7/8 Jay Mart Public Company Limited Net Profit The Company’s net loss in Q1/2018

Limited (“STEC”) have jointly invested in the MRT Pink Line Project (Khae Rai - Min Buri) and the MRT Yellow Line Project (Lat Phrao - Samrong); Management Discussion and Analysis For the Year Ended

1.4% for 1Q21 comparing to 1.9% for 1Q20 from continuous cost management in line with the decline in policy rate and market deposit rates during the past periods. Overall, resulting in loan spread for

rates during 1Q20. Interest expense totaled Baht 1,301 million, a decline of 6.1% yoy, with cost of funds declining to 2.0% for 1Q20 comparing to 2.3% for 1Q19 from effective cost management in line with

rates during 1Q20. Interest expense totaled Baht 1,301 million, a decline of 6.1% yoy, with cost of funds declining to 2.0% for 1Q20 comparing to 2.3% for 1Q19 from effective cost management in line with

V2 27/08/63 0 V2 27/08/63 1 Management Discussion and Analysis Overview of the Economy and Banking Industry Thai Economy in the Second Quarter of 2020 The Thai economy in the second quarter of 2020

of director, derivatives investment manager, manager of the management company, or any person holding equivalent position called otherwise who take the highest responsibility in the line of work

of director, derivatives investment manager, manager of the management company, or any person holding equivalent position called otherwise who take the highest responsibility in the line of work

million, a decline of 20.0% yoy, with cost of funds declining further to 1.6% for 3Q20 comparing to 2.4% for 3Q19 from effective cost management in line with the decline in policy rate and deposit rates in