of an entity issuing capital market product and various business risks and [ii] analyzing past and present performance so as to forecast future performance. “ technical analysis ” means an analysis by

risks and [ii] analyzing past and present performance so as to forecast future performance; “ technical analysis ” means an analysis by [i] using historical price and trading volume of capital market

. (i) For NPLs, our clients have less ability to repay. In order to limit and forecast the impact, the Company has launched relief measures to support the COVID- hit debtors. ( ii) As for NPAs, the

million January – March 2020 (Actual) April – December 2020 (Forecast) 2020F 2021F 2022F 2023F 2024F Inbound 6.84 25.00 31.84 33.53 34.99 36.52 38.13 Outbound 1.46 3.06 4.52 7.49 9.18 9.79 10.46 Other

. Thailand economic situation in 2020: the Bank of Thailand has recently downgraded the forecast of Thailand's full-year economic outlook to a 8.1% contraction due to impacts from COVID-19 pandemic. The

related industrial factor, including managerial direction of an entity issuing capital market product and various business risks and [ii] analyzing past and present performance so as to forecast future

risks and [ii] analyzing past and present performance so as to forecast future performance. “technical analysis” means an analysis by [i] using historical price and trading volume of capital market

Media spending (Million THB) 2557 2558 2559 2560 2561 2562 TV 79,590 84,392 70,995 65,786 70,382 70,298 Internet (DAAT) 6,115 8,084 9,479 12,402 16,928 20,163 Outdoor & Transit 7,790 8,674 11,002 12,259

รอ้ยละ 57 ขณะที่สือ่ที่เติบโตไดด้ีคือสือ่ดิจิตอล และสือ่นอกบา้น Media spending (Million THB) 2557 2558 2559 2560 2561 2562 TV 79,590 84,392 70,995 65,786 70,382 70,298 Internet (DAAT) 6,115 8,084 9,479

financial advisor also prepares a financial forecast on the infrastructure business showing the base case analysis and sensitivity analysis, the management company or the financial advisor, as the case may be