15,464 1,240 8.02% Gross Profit 1,685 1,275 410 32.17% Gross Profit Margin (%) 9.16% 7.62% SG&A expenses 1,091 854 237 27.72% Loss on exchange rate 189 16 174 1120.52% Loss on change in status of

data to consumers, the market volume of energy drink industry in Thailand showed a sluggish growth at 0.7% while Carabao Dang energy drink remained the 2nd largest brand, commanding 21.4% volume share

13.5% to THB 44mn • Dividend payment of 0.02 per share to be paid on 17 May 2019 KEY BUSINESS UPDATE THAILAND • MACO has completed the digital installation of its street furniture media at 23 BTS

amounting to Baht 8,778 million. As at 30 June 2018, the Company had 130,348 top-up kiosks across Thailand. Gross Profit and Gross Profit Margin Q2’ 2018 Q2’ 2017 Increase (decrease) Million Baht % Million

newly issued ordinary shares at the offering price of THB 2 per share to the existing shareholders of the company via a Rights Offering (RO) at an offering ratio of every 5 existing ordinary shares for 1

-355.1 -5.0% Gross Profit 707.7 1,026.1 -318.4 -31.0% Gross Profit Margin (%) 9.5% 12.6% -3.1% SG&A expenses 459.9 440.4 19.5 4.4% Loss on exchange rate 0.0 35.4 -35.4 -100.0% EBIT before share of profit

term. In addition to achieving revenue growth, the company-wide cost optimization is ongoing and translated into EBITDA expansion of +9% YoY and +2.4% QoQ to stand at Bt18,905mn, a reported margin of

(down 40% yoy) because FA EBITDA margin was decreased from lower Market P2F margin. However, the company recognized profit of THB 27 million from investments in the Thai Ethoxylate Company Limited (TEX

estimates by research tends to vary to some degree. The company has therefore decided not to carry out such analysis going forward. Nonetheless, reflecting on its market share, VGI estimated that in 2017 its

million THB respectively, resulting in gross margin of 15.00% and 16.47%. Cost of sales can be broken down for turnkey business and for supply and maintenance of which mostly are materials, service / sub