. Details were as follows: Operating Results 2019 2018 Increase (Decrease) % 2019 2018 Increase (Decrease) % Real Estate Revenue from sale of real estate 627,210 633,094 (5,884) (0.93) 3,236,618 3,039,595

Government. According to the increased of the market competition both of the competitor and the pricing, some project could not continue to extend the services. 2.2 Revenue from Contact Center Facility

. Government enforced fully lockdown with varying degree of restriction within the 2Q causing significant economic impact. For telecom, new subscriber acquisition as well as handset sale remained weak while

  uarter of year 2018 according to the company’s consolidated financial statement ended  June 30 2 ;  q ,  018.  The conclusions are as follow   1. Revenue: The total revenue of the 2nd quarter of year 2018

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

from the private sector and the government slowed down. There is intense competition. The cost of goods increases from the labor cost that the company must bear. In the second quarter of 2019, the

- 2020 Balance by Quarter Change Q2–20 Q1–20 Q2–19 Q2–20 VS Q1–20 Q2–20 VS Q2–19 (Million Baht: MB) (MB) % (MB) % Total Revenue 1,187.6 1,231.7 1,729.6 (44.1) (3.6) (542.0) (31.3) Total Operating Expenses

lockdown in response to prevent COVID-19 pandemic from the government of their countries. Hotel Management Revenue from Hotel Management was THB 3 million in 2Q20, decreased by 97.7% YoY and was THB 99

Summary of operations and the factors that make a significant change Summary of Operations for the Year 2018 Topic Annual Balance Change 2018 2017 2018 VS 2017 (MB) (MB) % Total Revenue 4,237.6 5,397.2

322 232 89 38% Earnings per share (THB/share) 0.54 0.39 0.15 37% Consolidated financial results of 12-month ended period  Increasing in total sales revenue of 2018 of 625 M THB or 32% to 2,590M THB