totalling 14,162 million Baht Leverage Ratio and Liquidity Ratio Quarter 1 2018 Quarter 4 2017 Change Increase/(Decrease) Debt to equity ratio (Time) - Consolidated 1.06 1.31 (0.25) - Company 0.71 0.80 (0.09

“Company”) submitted its separate financial statement and its consolidated financial statement for the first quarter of 2018 ended on 31 March 2018 which were reviewed by the auditor. The Company hereby

PLC MANAGEMENT DISCUSSION & ANALYSIS 2018 MD&A FY 2018 (ended 31 December 2018) 936 595 341 1,748 854 274 620 Operating Revenue Billboard Street Furniture System Integration 2017 2018 2018 CONSOLIDATED

Microsoft Word - 2020.02.11_FY 2019_MACO_MDA_EN_Final MANAGEMENT DISCUSSION & ANALYSIS 2019 11 Feb 2020 MASTER AD PUBLIC COMPANY LIMITED 1 YEARLY BUSINESS HIGHLIGHTS – 2019  Consolidated revenue

OPERATION (Unit : Million Baht) Consolidated Financial Statements 2019 2018 % Change Total Revenue 1,857.2 1,708.3 8.7% - Utilities Business 1,847.1 1,705.1 8.3% - Operating Revenue1 1,734.3 1,679.7 3.3

quarter of 2017/18 (ended 30 June 2017) 3 VGi GLOBAL MEDIA PLC MANAGEMENT DISCUSSION & ANALYSIS 1Q 2017/18 2 AUG 2017 1Q 2017/18 SNAPSHOT & ANALYSIS CONSOLIDATED P&L SNAPSHOT THB (mn) 1Q 2016/17 1Q 2017/18

Debt to equity ratio (Time) - Consolidated 1.36 1.37 (0.01) - Company 0.87 0.82 0.05 Book value per share (Baht) - Consolidated 161.63 158.61 3.02 - Company 115.31 115.70 (0.39) Current ratio (Time

5: Condensed Consolidated Statement of Financial Position "# $ !%&!'() + 2/2560 GSteel 15 Unit : Million Baht 30 June 2017 31 December 2016 % Increase (Decrease) Liabilities and equity Current

Limited (the “Company”) submitted its separate financial statement and its consolidated financial statement for the third quarter of 2017 ended on 30 September 2017 which were reviewed by the auditor. The

– Consolidated (Million Baht) For 3-month period ended September , Increase (Decrease) 2nd Quarter Increase (Decrease) For 9-month period ended September , Increase (Decrease) 2017 2016 YoY % 2017 QoQ % 2017 2016