350.00 million, respectively, these increase proceeded from the initial public offering. Meanwhile, as of 31 December 2016 and 31 December 2017, the Company’s property, plant and equipment were valued at

due to the payment for construction (phase 2). Meanwhile, as of December 31, 2018 and March 31, 2019, the Company’s property, plant and equipment were valued at Baht 1,640.43 million and Baht 1,637.21

% in the same quarter of last year. Excluding TBSP of 22.2% GP, Company’s %GP represented at 27.1%, primary by higher Gross Profit of High-Valued Document. %Gross Profit Margin Mil THB 72 102 62 Q1'18

1,230,000.00 Baht/rai Market Value : 70,370,000.00 Baht or 1,230,000.00 Baht/rai Valued by UK Valuations And Agency Co.,Ltd. (approved by the Office of the SEC) Valuation for accounting purposes on December 20

equipment were valued at Baht 1,108.67 million and Baht 1,457.10 million. The increase in this value was because the Company realized the progress of the construction in progress for its new hospital project

in the outbreak of Corona Viruses . Meanwhile, as of December 31, 2019 and June 30, 2020, the Company’ s property, plant and equipment were valued at Baht 1,603.73 million and Baht 1,567.55 million

million, respectively. Meanwhile, as of December 31, 2019 and March 31, 2020, the Company’s property, plant and equipment were valued at Baht 1,603.73 million and Baht 1,585.07 million as a result of The

decrease in income from insurance business. Our coverage ratio rose over-year, while gross NPL ratio decreased slightly from the end of 2017, despite the deteriorating quality of loans granted to certain

ทรัพย์สินท่ีต้องวางเป็นประกัน (NCR) (ร้อยละ) 100.46 อัตราส่วนสภาพคล่อง (current ratio) (เท่า)* N/A ความสามารถในการช าระดอกเบีย้ (interest coverage ratio : ICR)1 (เท่า)* N/A หนีส้ินท่ีมีภาระดอกเบีย้ต่อก าไร

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