June 2018) 5 VGi GLOBAL MEDIA PLC MANAGEMENT DISCUSSION & ANALYSIS 1Q 2018/19 8 AUG 2018 FINANCIAL POSITION In this quarter, there were 2 significant changes in the Company’s financial position, 1) the

continued to expand and improve network quality with new 2600MHz spectrum and enhance 4G/5G network capacity to secure leading position. As a result, EBITDA (Pre-TFRS16) decreased -3.0%YoY, in line with FY20

measurable advertising. This places the Company in a favourable position to offer optimal solutions to our customers as well as continuing to capture market share in the OOH and Online/Digital media. Our 9

) 25.6% 18.2% 22.3% 6 MD&A 2Q 2018 (ended 30 June 2018) MASTER AD PLC MANAGEMENT DISCUSSION & ANALYSIS 2Q 2018 6 AUG 2018 FINANCIAL POSITION (THB mn) In this quarter, there were 3 significant changes in

POSITION In 2019, the Company restated the consolidated financial position as at 31 December 2018 to reflect the fair value of Trans.Ad Group’s assets after the measurement of fair value of Trans.Ad Group’s

30 OCT 2017 FINANCIAL POSITION ASSETS ASSETS BREAKDOWN 31 MARCH 2017 30 SEPTEMBER 2017 (Restated) (THB mn) % out of total (THB mn) % out of total Cash & cash equivalents and short-term investments

from the expenditures that prepare and increase efficiency the management of the business is a priority. 4. Financial position Statement of Financial Position – Consolidated (Million Baht) As at Increase

suppliers and contractors for the same. The ordering of the gear was under process with a lead time of 14 months offered from the supplier. However, with quick actioning of the contingency plan by the

capacity across PBSB’s network and develop marketing channels in overseas markets efficiently. FINANCIAL POSITION In this quarter, the Company restated the consolidated financial position as at 31 December

2017/18 17 MAY 2018 FINANCIAL POSITION ASSETS ASSETS BREAKDOWN 31 MARCH 2017 31 MARCH 2018 (Restated) (THB mn) % out of total (THB mn) % out of total Cash & cash equivalents and short-term investments