Group”), MACO can fully leverage Trans.Ad Group’s capabilities to support changing media consumption behaviour and facilitate digitalisation of our media. Moreover, we continue to invest our resources in

of scale. VGM Business Overview* *More commentary on the VGM transaction can be found in Report on http://maco.listedcompany.com/newsroom/270620181831240885E.pdf, http://maco.listedcompany.com/newsroom

$! $5-7+:/- +!! /-3! 17 9 % leverage -A !5!!B9 C& ! 5 ,/ D! E! 2F+5!7 / !5:!33G +! &9 H,-FFH,7+61 9 %4 -I!: +J 3 !KL&!5I ! -M7- C ,/!I!35A1 ,/5!7 !-N33:4565 I: ,/3 25 +J!8A6 9!3C!93 / !/6 !/!3+!!! 9

Products and Services* *More commentary on the Trans.Ad transaction can be found in Report on http://maco.listedcompany.com/newsroom/090720182008370772E.pdf and http://maco.listedcompany.com/misc/PRESN

footprint and leverage the financial and commercial skills of IVL to create shareholder value. The transaction is funded by IVL’s internal cash flows and debt financing only and does not necessitate any

due to short term loan for TTTBB acquisition. Nonetheless, AIS has ample operating cashflow to repay its debt obligation and ensure liquidity is managed efficiently. Leverage Net debt to EBITDA

segments while leverage synergies from acquisition. With CSL combined, in 2018, service revenue (excluding IC), is expected to grow in a range of 7-8%, 2% of which is from full consolidation of CSL. Through

 เร่ือง ขอขึ้นและตอทะเบียนเจาหนาท่ีการตลาด ขาพเจา นาย/นาง/นางสาว ………………………… ช่ือสกุล ………………….……… มีความประสงคขอขึ้นทะเบียนเจาหนาที่การตลาดประเภท ตราสารทุน ตราสารหนี้ ตราสารที่มี leverage โดยมี

2017/18 2018/19 Liquidity Ratios 31-Mar 2018 31-Mar 2019 Efficiency Ratios Leverage Ratios   MANAGEMENT OUTLOOK Advertising Payment Logistics

will open up new market opportunities and enhance value to our customer by further enabling them to leverage IVL’s existing manufacturing capabilities and supply chain. The value of the above acquisition