Discussion and Analysis (MD&A) Page 6 of 13 Revenue from sales Revenue from sales of real estate comprises the transfer of ownership in residential units to customers, which CPN began to record the sales from

increased from the quarter 2/2016 by 0.60 million Baht or 0.20% from the result of; 1.1 Domestic sales and services revenue increased by 10.80 million Baht or 4.26% 1.2 Export sales and services revenue

20 percent for Q1/2019 ended March 31, 2019 of the Company and its subsidiaries, as shown below: (Unit: Thousand Baht) Revenue Gross profit Selling Admin Net profit Q1/18 213,552 76,707 21,974 18,709

transfer of ownership in residential units to customers, which CPN began to record the sales from 2018 onwards. In 1Q18, revenue from sales stood at THB 216 mn, which primarily represents a partial transfer

total investment value of THB 8,771.4mn. May 1) Paid dividend from retained earnings at the rate of THB 0.015 per share to shareholders whose name appeared on the share register book on 9 May 2019 (Record

in traveling trips and revenue of the Company especially in April 2020 when the traffic volume reduced 50% and the ridership reduced 74% comparing to the same period of the previous year. However, on

% Million Baht % Sales Revenue 65.77 82.58% 63.35 79.06% (2.42) (3.69%) Revenue from contract work 12.32 15.46% 14.28 17.82% 1.96 15.93% Revenue from service income 0.61 0.76% 1.40 1.75% 0.80 131.23% Revenue

MANAGEMENT DISCUSSION & ANALYSIS 2Q 2019 7 AUGUST 2019 MASTER AD PUBLIC COMPANY LIMITED NATIONWIDE COVERAGE 1 QUARTERLY BUSINESS REVIEW – 2Q 2019  Consolidated revenue increased by 161.5% YoY to THB

Company reported total revenue of 2,196.95 million baht (1Q2019: 2,105.75 million baht), an increase in a lower rate comparing to the same period of last year in the amount of 91.20 million baht or 4.33

MANAGEMENT DISCUSSION & ANALYSIS 2Q 2020 13 AUG 2020 U CITY PCL 2Q 2020 - MD&A (for three-month and six-month period ended 30 June 2020) 1 U CITY PCL 2Q 2020 KEY FINANCIAL HIGHLIGHTS • Total revenue