MANAGEMENT DISCUSSION & ANALYSIS 1Q 2019 13 MAY 2019 MASTER AD PUBLIC COMPANY LIMITED NATIONWIDE COVERAGE 1 QUARTERLY BUSINESS REVIEW – 1Q 2019 • Consolidated revenue increased by 149.3% to THB 689mn

Currently there are more than 200 branches nationwide. Since the steel coil is the main raw materials that have significantly contribute to fluctuations of the global steel price. In a certain situation, the

book closing date ** from receiving report 6. The Expected benefits to the company Thonburi Healthcare Group PLC. has operated the main business operation is a private hospital. The first hospital named

of August 31, 2017, the Company’s total cards reached 7.96 million cards (including 2.45 million credit cards and 5.51 million member cards). Covering networks nationwide, the Company has 107 branches

28, 2017. Covering networks nationwide, the Company has 110 branches, 468 ATMs, and over 17,500 member dealers to provide quality financial services to AEON cardholders. Operating Results Revenues In

,75 1 kiosks in order to expand point of service to cover all areas nationwide as well as launches marketing promotion through the CRM activities to collect points for luck and prize redemption in order

Total revenue Total revenue from the core business in 2018 was Bt3,339.04mn, an increase of 7.5% compared to the previous year. The main factor was the increase in the number of new services on Boonterm

% Profit for the period 70.4 95.2 -26.0% 96.7 -27.1% % 10.3% 12.3% 12.0% Q4 Million Baht Q1 nationwide From March 22, 2020, in order to reduce the spread of covid-19, in reality, people are becoming aware of

million or 5.8%. Such expenses comprised of (1) nationwide on-ground operational marketing expenses of Bao Dang Ladies amounted to THB 63 million, up by THB 3 million or 4.9% (2) advertising expenses in

developed customer- relation management process to systematically and thoroughly identify, analyze and develop marketing strategies over approximately 220,000 shops nationwide domestically with 31