the TV sector and traditional media have been in decline and is expected to be surpassed by OOH media (Outdoor, Transit and In- store media) and digital/online spending in the near future. Master Ad

STRATEGIC UPDATES ADVERTISING PAYMENT LOGISTICS Transit & Office Outdoor Airport Activation Offline & Online Payment Market Place Micro Loan Smart Delivery 1) ADVERTISING - BUILDING AN INTERNATIONAL NETWORK

% YoY to THB 14,125mn. Meanwhile, Outdoor media– segment which MACO focuses on – bucked the trend, increased by 12.8% YoY to THB 6,391mn. In recent years, advertising industry has witnessed the shift in

to total revenue 1Q 2017/18 1Q 2018/19 YoY (%) 1Q 2017/18 1Q 2018/19 OOH media 755 997 32.1% 88.6% 92.5% Transit 519 620 19.5% 60.9% 57.6% Outdoor 170 284 67.4% 19.9% 26.4% Office and Other 66 93 40.0

continues to be adversely affected by the change in sales mix towards lower gross profit margin products of home appliances such as air conditioners, refrigerators, washing machines and kitchen appliances etc

1 MD&A 3Q 2018 (ended 30 September 2018) MASTER AD PLC MANAGEMENT DISCUSSION & ANALYSIS 3Q 2018 6 NOV 2018 MEDIA INDUSTRY Outdoor media has presently become the go-to choice for advertising. It’s

still has carried on offering new products continuously which is an innovation of power saving in Air Conditioner (WATER INT PAD: Water Intelligent). In addition the Company still development quality of

. has distributed medical equipment. For the year 2019 we can recognize income from complete installation of air tube systems for transfer documents and parcel (Pneumatic Tube Carrier Systems) for 9

Air Conditioner (WATER INT PAD: Water Intelligent). In addition the Company still development quality of product and service followed by client’s standard that appropriate with their business. The

has started Soft Opening the new shopping center has more than 95 percent of tenants occupation rate, which will gradually open stores by 2020 , creating a stream of rental income in second half of 2020