administrative expenses was 12.60% when compared to the same period of last year. Since the company has changed the organizational structure of the sales and marketing department. To increase revenue from sales in

MANAGEMENT DISCUSSION & ANALYSIS 3Q 2019 6 NOV 2019 MASTER AD PUBLIC COMPANY LIMITED 1 13 May 2019 QUARTERLY BUSINESS REVIEW – 3Q 2019  Consolidated revenue increased by 54.0% YoY to THB 748mn o

. Therefore, its sales revenue was unavoidably impacted. Though the lockdown was gradually released since 17 May 2020, purchase power of consumers remained stay in low level. According to the economic factors

revenue from sales of THB 4,165 million in 2Q2017, representing an increase of THB 263 million or 6.74% up from 2Q2016. This mainly support by revenue from chicken processing segment amounting THB 1,885

involves changes to key principles which mention in Note to financial statement No. 3. A summary of the key operational matters and events for the 1st Quarter 2020 GFPT Group had total revenue from sales of

-September) 2018 2019 THB Mn % (1) THB Mn % (1) Revenue from Sales and Service 736.1 97.2% 759.5 95.7% Franchise Fees Income 15.2 2.0% 22.0 2.8% Other Income 5.7 0.8% 11.7 1.5% Total Revenue 757.0 100.0% 793.2

Service 563.97 550.23 13.74 2.50 - Structure Mechanic and Pinging (SMP Service) 343.49 359.85 (16.36) (4.55) - Civil & Building Services 341.86 86.67 255.19 294.45 - Fabrication and Other services 137.77

analysis for the three months period ending 31 March 2019, as follows: Analysis of 3-Months Financial Performance Revenues Revenues 3-Months Period Ending 31 March 2018 2019 THB Mn % (1) THB Mn % (1) Revenue

, from 3Q18 onward AIS along with other operators have rebalanced pricing structure to ease impact on ARPU. As a result, AIS’ s mobile revenue for FY18 was Bt124,601mn, softly growing 1. 3% YoY. While 4G

challenging in 1Q19. In strategic areas, aggressive price plans and handset campaigns were launched, especially in prepaid, in which AIS was competitive to preserve scale. As a result, mobile revenue grew 1.1