2020/21 ENDED JUNE 2020 11 AUG 2020 MASTER AD PUBLIC COMPANY LIMITED 4 FINANCIAL POSITION From 1 January 2020, the Company has adopted Thai Financial Reporting Standards (TFRS) 9 – Financial Instruments

-year end. Financial Position Summary as of 30 June 2020 compared to 31 December 2019: 3.3. Cash Flow Analysis Cash and cash equivalents at the end of Q2 2020 increased from the start of the period to

MANAGEMENT DISCUSSION & ANALYSIS 2Q 2020/21 ENDED 30 SEPTEMBER 2020 09 NOV 2020 MASTER AD PUBLIC COMPANY LIMITED 4 13 May 2019 FINANCIAL POSITION From 1 January 2020, the Company has adopted Thai Financial

Position as of September 30, 2020 has changed from December 31, 2019 as follows; Assets (Mil . Baht) Total Liabilities & Shareholders' Equity (Mil. Baht) Cash and cash equivalents Total other current

Baht 67 Million. (Translation) Bangkok Expressway and Metro Public Company Limited Management Discussion and Analysis for the Quarter Ended on September 30, 2020 4 Financial Position (Unit: Million Baht

Net profit reached THB 293m or 13% improvement from the same period last year. Essentially, both Residential business and Hospitality business attributed to such increment. Financial Position and

2Q18 as gain from fair value adjustment of investment property. Page 7 of 7 Management Discussion and Analysis 2Q2019 Financial Position and Capital Structure As at 30 June 2019, the Company reported

POSITION The changes in Consolidated Balance Sheet as of 30 September 2019 are summarized as follows. Assets As of 30 September 2019, the Company had total assets of THB 80,381.8 mm, which increased by THB

ANALYSIS FOR PERIOD ENDED 30 SEPTEMBER 2019 3. Financial highlights (based on Thai FRS) Q3 2019 Financial Position Summary as of 30 September 2019 compared to Q3 2018: Note: Gross profit = Sales and service

91.4 Mn baht to THB 87.4 Mn, a decrease of THB 4.0 Mn or 4.4% and the net profit margin decreased from 4.1% to 3.8%. Financial Position Analysis Assets As of 31 December 2018, and 30 September 2019, the