range of investors; (4) having financial readiness without any reasonable ground to believe that the financial status may cause damage or any other circumstance indicates an ongoing financial problem; (5

services or communication which is able to reach a wide range of investors; (4) having financial readiness without any reasonable ground to believe that the financial status may cause damage or any other

the forced sale value of Land and Buildings that are appraised by Prospec Appraisal Company Limited, which is a valuer approved by the SEC. The value of the consideration falls into a range between the

of Land and Buildings that are appraised by Prospec Appraisal Company Limited, which is a valuer approved by the SEC. The value of the consideration falls into a range between the market value and the

configurations, and a penthouse offering one of the most prestigious addresses in Bangkok. The luxurious units will range in size from 120-600 sq. m., with designs from world-class creative minds and offering

stations. We therefore foresee an improved situation in our oversea markets during the second half of 2019. We reiterate a full year forecasted revenue growth rate of 30 – 35%, or in the range of THB 2,300

consists of a large portion of affordably priced hotels in the 3-star range that have a lower ADR to our former less diversified, entirely 5-star portfolio of hotels. Overall occupancy rate fell to 62.4

revenue increase of around 10 – 15%, with a total revenue of THB 4,400 – 4,600mn, and EBITDA margin and net profit margin in the range of 40 – 45% and 20 – 25%, respectively. Total CAPEX for 2018/19 is

26.5% YoY. For 2018/19 as a whole, the Company maintains its revenue target in the range of THB 4,400mn to THB 4,600mn and expects the net profit margin of 20 – 25%. ………………………………….. Chitkasem Moo-Ming

% range going forward. The second quarter of 2018/19 (ended 30 September 2018) 6 VGi GLOBAL MEDIA PLC MANAGEMENT DISCUSSION & ANALYSIS 2Q 2018/19 7 NOV 2018 FINANCIAL POSITION ASSETS ASSETS BREAKDOWN 31