service 10,311 9,775 536 5.5 Selling and administrative expenses 1,336 1,364 (28) -2.1 Finance cost 1,343 1,422 (79) -5.6 Interest expense from the MRT Purple Line Project 380 435 (55) -12.6 Total expenses

% Costs from Sale 489.97 478.57 11.40 2.38 Selling Expenses 36.67 38.25 (1.58) (4.13) Administrative Expenses 36.56 37.52 (0.96) (2.56) Financial Expenses 0.00 0.00 0.00 0.00 • Cost of sales increased by

an increase in media cost in line with higher revenue. Selling, General and Administrative increased by 22.5% YoY from THB 53mn to THB 64mn, primarily due to the consolidation of Multi Sign. THB (mn

previous year. Expenses analysis Q2 2016 Q2 2017 Increase/(Decrease) THB mm THB mm THB mm % Selling expense 26.5 161.2 134.7 508.1% Administrative expense 235.3 306.3 71.0 30.2% Finance costs 616.9 418.9

(mn) 3Q 2016 2Q 2017 3Q 2017 QoQ (%) YoY (%) Operating Revenue 172 199 262 31.8% 52.1% Cost of sales 79 87 106 21.7% 34.8% Gross profit 94 112 156 39.7% 66.7% Selling, General & Administrative Expense

370.6 404.0 33.4 9.0 Other Income4 32.0 22.2 (9.7) (30.5) Administrative Expenses (15.8) (28.8) (13.0) 82.6 Finance Costs (148.1) (104.3) 43.8 (29.6) Share of Profit from Investments in Associates and

profit 571 25.4% 732 23.6% 28.2% Service & Administrative expenses (199) -8.9% (270) -8.7% 35.7% Operating profit 372 16.6% 462 14.9% 24.2% Other income 133 5.9% 198 6.4% 48.9% Sales profit 4 0.2% 5 0.2

Administrative Expenses (69.3) (152.9) (83.6) 120.6 Finance Costs (404.0) (459.9) (55.9) 13.8 Share of Profit from Investments in Associates and Joint Ventures 962.5 1,936.1 973.7 101.2 Income Tax (Expense) Income

there was gain from exchange rate of Bt162mn incorporated in the preceding year performance. Selling and Administrative Expenses Selling and administrative expenses (“SG&A”) constitute expenses on back

cost of sales 700.41 682.01 18.40 2.70 Selling expenses 25.69 22.04 3.65 16.56 Administrative expenses 56.12 57.48 (1.36) (2.37) Financial Cost 0.49 0.60 (0.11) (18.33) Cost of sales and services