% range going forward. The second quarter of 2018/19 (ended 30 September 2018) 6 VGi GLOBAL MEDIA PLC MANAGEMENT DISCUSSION & ANALYSIS 2Q 2018/19 7 NOV 2018 FINANCIAL POSITION ASSETS ASSETS BREAKDOWN 31

MASTER AD PLC MANAGEMENT DISCUSSION & ANALYSIS 2018 MD&A FY 2018 (ended 31 December 2018) FINANCIAL POSITION (THB mn) ASSETS ASSETS BREAKDOWN 31 DECEMBER 2017 31 DECEMBER 2018 (THB mn) % out of total (THB

& ANALYSIS 1Q 2017/18 2 AUG 2017 FINANCIAL POSITION ASSETS ASSETS BREAKDOWN 31 MARCH 2017 30 JUNE 2017 (Restated) (THB mn) % out of total (THB mn) % out of total Cash & cash equivalents and short-term

year and net profit margin attributable to the equity holders of the Company increased to 23.7% from 13.9% in 2016. FINANCIAL POSITION (THB mn) ASSETS ASSETS BREAKDOWN 31 DECEMBER 2016 31 DECEMBER 2017

million baht 1,247 1,247 1,247 ratios Key financial Liquidity ratios Current ratio times 3.09 3.14 3.31 Quick ratio times 2.35 2.47 2.67 Cash ratio times 0.37 0.45 0.68 Receivable turnover times 4.71 4.67

LIMITED 4 FINANCIAL POSITION From 1 January 2020, the Company has adopted the Thai Financial Reporting Standards (TFRS) 16 – Leases for its financial statement reporting for the first time. Under this new

was the main balance in total current assets, the management still believes that the Company could collect debt from the main customers based on the past experience. 3. Summary of financial position of

Quick Cash, vehicle title loan, which is a loan with collateral as an alternative product for customers, especially the existing customers. - Hire Purchase For the fiscal year 2023 financial results

has started to offer a new financial product, title vehicle loan under the name AEON Auto Quick Cash, which is secured loan, to enable alternative financial product to available to customers, especially

:- A&W Restaurant: revenue from sales was 43.0 MB decreased by 3.7 MB or 7.9% YoY which is affected by the number of branches that are reduced and the competition in the quick service restaurant business