1 MASTER AD PLC MANAGEMENT DISCUSSION & ANALYSIS 1Q 2018 MD&A 1Q 2018 (ended 31 March 2018) 14 MAY 2018 MEDIA INDUSTRY AND BUSINESS IMPACT ANALYSIS The popularity of outdoor media has continuously

facial cleansing products gained most popularity from customers in the Philippines. Table 1: Sales Revenue by Product Line for the Three Months Period Ended 30 September Product Line/ Business Group

popularity of grilled buffet and café-style restaurants. Although the economic slowdown and severe competition in the restaurant industry resulted in the decrease of same store sales, the Group focused efforts

. Mobile revenue improved 2.6% YoY, mainly from postpaid segment. Average data usage increased to 4GB/sub/month, supported by growing 4G handset adoption (35%) and popularity of video streaming. The fixed

— in residential industry, also gained the most popularity in condominium brand in Japan. In addition NRED also has experience in Recurring Income business in Japan. Thus the opportunity to enter a joint

an important tool for both customer acquisition and retention. Expand fixed broadband into major cities and target stronger subscriber addition The brand “AIS Fibre” continues to gain popularity since

the media landscape brought by the change in people’s lifestyles and the way people consume media after the increasing popularity of mobile phones (or smartphones). Advertisers have adjusted their

building supply growth, digitisation of billboards and the increasing popularity of low cost airlines. Our OOH media form a symbiosis with our nascent Digital services business, which offers targeted and

. Amidst pricing competition, ARPU dropped -12% YoY and -1% QoQ to Bt484, impacted by the continued popularity of a low- price plan of Bt399. Mobile Business 3Q19 2Q20 3Q20 %YoY %QoQ Subscribers Postpaid

landscape brought about by the change in people’s lifestyles and the way people consume media. The increasing popularity of mobile phones (or smartphones) as made content more accessible and ever-present