Thai economy in the third quarter of 2018 had a positive trend in line with the expansion of world economy. The continuous growth from export sector and the implementation of advanced technology in

and strengthening domestic demand, growth in the ASEAN-5 (Indonesia, Malaysia, the Philippines, Thailand, and Singapore) economies is projected to remain robust at around 5% for the fourth quarter of

1,249.63 million and THB 729.06 million respectively. This equals to a sharp decline of 41.66% year on year. Domestic sales revenue dropped 43.82% from the same period of the previous year due to an

recorded total sales revenue of THB 733.57 million and THB 384.43 million respectively. This equals to a sharp decline of 47.59% year on year. Domestic sales revenue dropped 46.25% from the same period of

, the Company recorded total sales revenue of THB 983.36 million and THB 557.33 million respectively. This equals to a sharp decline of 4 3.32% year on year. Domestic sales revenue dropped 43.28% from the

(%) YoY (%) Advertising 262 270 144 -46.6% -45.0% Domestic Advertising 262 182 97 -46.7% -62.9% Billboard & Other 150 101 66 -34.9% -56.2% Street Furniture & Digital 112 81 31 -61.5% -71.9% International

/21 Restated 2Q 2020/21 QoQ (%) YoY (%) Advertising 415 144 179 24.3% -56.8% Domestic Advertising 258 97 122 26.0% -52.6% Billboard & Other 138 66 71 8.5% -48.3% Street Furniture & Digital 120 31 51

Airways Public Company Limited and its Subsidiaries Management’s Discussion and Analysis for the third quarter of 2019 ended 30 September 2019 Executive Summary Thai economy in the third quarter of 2019 was

by Thai Wacoal Public Company Limited Presented to Shareholders of Thai Wacoal Public Company Limited Prepared by 8 March 2019 This English report of the Independent Financial Advisor’s Opinions has

Public Company Limited and its Subsidiaries Management’s Discussion and Analysis for the year ended 31 March 2020 Executive Summary Thai Economy in the first quarter of 2020 happened into recession due to