sentiment, accompanied by growth in public investment which resembled the growth rate from the same period last year. All in all, economic drivers continued to perform well particularly merchandise exports

, change in regulation for retirement provisioning). As a result after a very successful 2018 with over 24% topline and 30% EBITDA growth, this year has witnessed a 13% revenue and 28% consolidate EBITDA

resulted in the Group’s Same-Store Sales Growth decreasing from +7.4% to -5.3% respectively. Franchise fee income increased from THB 15.2 Mn in the 3rd quarter of 2018 to THB 22.0 Mn in the same period of

equipment - net from depreciation despite additional investment in property, plant and equipment (THB 316 million). Liabilities As of 30 September 2017, the Company reported total liabilities of THB 4,079

Company has sent employees to Hong Kong to train and prepare for the opening of the Hong Kong branch • Expanding opportunities for growth by initiating dessert café establishment in China, aiming to

forecast from the Bank of Thailand's (BOT) stating that the Thai economy will begin to recover in 2022 following the indicators of economic growth (GDP) at 3.9 percent, driven by higher domestic consumer

recovering consistently since the beginning of 2018, reporting 4.0% growth in 20181. Once again, Out-of-Home (OOH) and online advertising, in particular reported rigorous growth of 23.0% and 21.0

capture growth and bolster our leadership in OOH media business in overseas markets. BUSINESS OVERVIEW AFTER THE RESTRUCTURING MANAGEMENT DISCUSSION & ANALYSIS 2Q 2019 7 AUGUST 2019 MASTER AD PUBLIC COMPANY

), e.g. beverages, alcoholic beverages and cigarettes. RTD fruit juice market and growth is as shown in figure 2 (Source: Nielsen). Figure 2: MAT Sep 2018 RTD Fruit Juice Market Value breakdown by Market

divestment U City reported total consolidated revenue of THB 1,992mn in 1Q 2020. This represented an increase of THB 531mn (or 36.3% YoY) from THB 1,462mn in the previous year. The revenue growth was