-utilized land of Baht 31.08 million (before corporate income tax). - 2 - (2.2) Cost of Sales and Services Description Year 2017 Year 2016 Increase / (Decrease) Million Baht % of Sales Million Baht % of Sales

Profit = Net Profit attributable to owners of the parent Financial Performance for Q4’18 and FY18 Income Statement Summary Unit: THB millions Q4'18 Q4'17 % YoY 2018 2017 % YoY Total revenues 6,519 6,418

efficiency. *Net Profit = Net Profit attributable to owners of the parent Financial Performance for Q1’20 Consolidated Income Statement Summary Unit: THB million Q1'20 Q1'19 %YoY Q4'19 %QoQ Total revenues

increase in the number of transactions. Corporate income tax for Q2 and 6 months of 2017 totaled 14.80 and 24.22 million baht, an increase of 9.23 and 14.76 million baht or 165.70% and 155.85% y-o-y

Act that requires companies to pay severance payment of 400 days of wages for an employee who is terminated and have services year more than 20 years. This was one-time expense in the Income Statement

Change Q2–18 Q4–17 Q2–18 VS Q4–17 (MB) (MB) % Unbilled Payables 505.8 459.8 46.0 10.0 Long-terms loans, current portion 3.3 29.0 (25.7) (88.6) Income tax payable 13.7 24.8 (11.1) (44.8) -4- Assets Items

utilize deferred tax assets amounting to Baht 51 million that was recognized as tax expense in Income Statement, but no impact to Cash Flow due to its non-cash item. Net Profit Net profit excluded non

International Aviation Company Limited, as a long-term investment, which will increase the revenue for the Company apart from the income from the main business of the Company. The Company expects to receive

and Q2–2023 with the increased rate of the total income and the total expenses being at a similar rate. However, the increased rate of the total expenses in Q2–2024 is higher than the increased rate of

June 2018) MASTER AD PLC MANAGEMENT DISCUSSION & ANALYSIS 2Q 2018 6 AUG 2018 Airport Media in KLIA 1-2 , Malaysia DIVIDEND PAYMENTS - On 25 April 2018, shareholders at the Annual General Meeting resolved