result of the second Quarter ended June 30, 2020 compared with the same period of 2019, the Company had the Revenue from Sale of THB 430.49 Million which was increased by THB 303.27 Million or 238.38

mm % Revenue 3,210.8 2,124.9 (1,085.9) (33.8%) Gross Profit 1,639.9 1,066.4 (573.4) (35.0%) Gross Profit Margin 51.1% 50.2% GPM before adjustment with PPA 56.6% 60.2% Income from sales of real estate

&A in terms of % to revenue improved from 7.0% in Q3 2021 to 6.0% in Q3 2022. Core operating profit (defined as Earnings before Interests and Taxes exclude interest income, gain (loss) on exchange rate

Difference % Sales of real estate 4,804 4,200 604 14 12,062 14,313 (2,251) (16) Rental and Service Income 315 310 5 2 917 889 28 3 712 - 712 n.a 712 - 712 n.a Other Income 89 40 49 123 215 124 91 73 Total

YOY 9M/2020 9M/2019 YOY Service revenue 905.64 590.71 53.31% 2,588.84 1,609.44 60.85% Gross profit 164.54 98.70 66.71% 433.60 252.42 71.78% Other income 10.75 - 100.00% 17.57 9.84 78.56% Expenses of

relatively strong results in 1Q 2018 with an operating revenue of THB 290mn, an increase by 53.1% and net profit of THB 53mn, increased by 42.3% YoY. 2 MASTER AD PLC MANAGEMENT DISCUSSION & ANALYSIS 1Q 2018 MD

financial instrument is recognized in other comprehensive income. Any ineffective portion is recognized immediately in profit or loss. The consolidated statement of financial position as at 31 December 2017

% Finance cost 18.41 36.80 18.39 99.89% Income tax expenses 22.21 28.27 6.06 27.29% Net profit 80.50 95.26 14.76 18.34% Net profit ratio (ROS) 18.98% 20.67% Earnings per share (Baht) 0.13 0.16 0.03 23.08

period ended June 30, 2020, resulted in increase in total comprehensive income of Baht 59.64 million or 283.00% from the corresponding period of the previous year as the following details below: 1. Revenue

2017, the total revenue from sales and services of the Company and its subsidiary (together referred to as the “Corporate Group”) was Baht 1,092.71 million, which decreased from the same period of