additional investments in plant, machinery, and office renovations to improve production efficiency and reduce production cost, for the Company’s sustainable growth in the future. However, some investments

IN A N C IA L P E R F O R M A N C E F U T U R E O U T LO O K Key Highlights 2 Q3/2019 9M/2019  The Company reported net profit in 9M/2019 of Baht 455.4 million, representing an impressive growth of

not want to invest for a long term for the development of public utility because the company is required to use the proceeds from the sale of shares to the investment and development of industrial

343.7% YoY and Operating Revenue 3.3% YoY. The increase of Operating Revenue was attributable to growth of industrial water’s sales volume mainly driven from newly COD of 2 SPPs, existing and new

-to- Suit and Ready-built facilities. Industrial Development Business and Sale of Investment Properties Q3 2016 Q3 2017 Increase/(Decrease) THB mm THB mm THB mm % Revenue 317.2 445.1 127.9 40.3% Gross

, Rajthanee- Rojana Hospital’ s operation has improved substantially from the previous year. Going forward, business outlook is promising with the capacity expansion plan and significant growth of registered

adjusted in line with natural gas price. Sales of steam increased by totaling Baht 7.5 million or 123 percent due to the growth of customer’s demand in steam from expanding of production line. Absolute Clean

12.1% increase from Baht 422.7 million in 2Q2018 mainly due to increase of Other Utilties Revenue 2,236.6% YoY and Operating Revenue 0.2% YoY. The increase of Operating Revenue was attributable to growth

2018 to maintain the growth rate, having factors including the recovery of construction material market after the improvement of purchasing power of the provincial customers and also the construction

continued to be key growth drivers of our performance in 2Q 2018. 2 MD&A 2Q 2018 (ended 30 June 2018) MASTER AD PLC MANAGEMENT DISCUSSION & ANALYSIS 2Q 2018 6 AUG 2018 IMPORTANT EVENTS IN 2Q 2018 - In May