generated total revenues of 1,093 million Baht; or decreasing by 49% as compared to the total revenues in Q3 2017 of 2,132 million Baht. This was mainly due to the increase in revenue from sales of the

residential condominium project and the other one is a single house project as mentioned above. 4. Non-current assets increase 892.11 million THB or 25.25% i.e. from 3.53287 billion THB to 4.42498 billion THB

7.37% and 10.80% from the previous year. The sales were impacted by several economic factors as well as the enforcement of the business shutdown order. As a result, the sales growth in this quarter did

(24%) Other Income 1 1 0% Total Revenue 288 220 (24%) Key Drivers Q1/19 Q1/20 Change +/(-) Number of branches as at March 31 36 39 8% Same-Store-Sales-Growth (SSSG) 11.7% (28.8%) (40.5%) 266 292 294 259

E_1 Legal_FA_2015_12_29-c A WWCCoorrppLL44..11hhiigg A Executive Summary 1 Management Discussion and Analysis For the Year Ended December 31, 2017 In 2017, Thai economic growth gained traction

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

280.62 16.5 * excluding fuel cost Increase (Decrease) % Quarter 1 The operating result for the 1st quarter of 2020 showed the profit (attributable to owners of the Company) of THB 1,360.82 million

Business Group recorded an increase in retail sales volume, while industrial sales volume softened from the company’s products stock management during TAM, in order not to interfere with sales of the retail

acquisition Glow SPP1 acquisition successfully completed in March 2019 which enhances growth and competitive advantage of BGRIM as one of the largest SPP in Thailand. Glow SPP1 located in Map Ta Phut area which

growth contributors are also anticipated to perform better especially private investment which will be backed by vigorous export expansion and investment by public sector. Increase in money injection from