, improving 1.1% YoY mainly driven by strong growth of fixed broadband and non-mobile enterprise business. QoQ, core service revenue dropped by -1.9% mainly from lower mobile revenue. Mobile revenue impacted by

%, consistent with robust global economic expansion and strong growth momentum from last year. A robust global economy will support Thai merchandise exports to grow by 4 .8% annually together with the tourism

2018) 2 VGi GLOBAL MEDIA PLC MANAGEMENT DISCUSSION & ANALYSIS 2Q 2018/19 7 NOV 2018 2) PAYMENT (DIGITAL SERVICES) – ROBUST USER GROWTH SUPPORTED BY STRONG BUSINESS DEVELOPMENT Rabbit LinePay  We

of mobile phones. VGI continues to outperform the overall market posting significant revenue growth of 36.5% to THB 852mn, driven by the robust performance our OOH and Digital Services businesses

THB 852mn in the same period last year to THB 1,077mn. The strong growth is driven by the robust performance across its Out-of-Home (“OOH”) business segments. REVENUE BREAKDOWN (THB MN) % Contribution

and efficiency of the capital market. This will contribute to the robust and sustainable growth of the economy. We envision opportunities for developing the Thai capital market to support the

sector the Thai economy continues to outperform with Q2 growth at 4.6% slightly below Q1 but remaining strong. Private consumption growth was robust in July and August, supported by higher consumer

relatively strong results in 1Q 2018 with an operating revenue of THB 290mn, an increase by 53.1% and net profit of THB 53mn, increased by 42.3% YoY. 2 MASTER AD PLC MANAGEMENT DISCUSSION & ANALYSIS 1Q 2018 MD

capacity and took advantage of our increased capacity to maximize production in anticipation of a strong sugar season. The fourth quarter was even stronger than forecasted with volumes up over 30% in

, resulting in 4.6% forecasted economic growth in the first quarter Economic outlook for Q2/2018 is expected to grow robustly, supported by promising outlook for merchandise exports as well as tourism. A robust