1 MD&A 2Q 2018 (ended 30 June 2018) MASTER AD PLC MANAGEMENT DISCUSSION & ANALYSIS 2Q 2018 6 AUG 2018 MEDIA INDUSTRY In recent years, advertising industry has witnessed the shift in the media
: 02-455-2888 Fax: 02-455-2763 Notes: Acquisition value 190.86 MB is calculated by List MB Land at book value as of 31 December 2017 93.45 Land that bought from connected persons 41.55 Development cost
because of the Company had more account payables. Net cash flows used in investing activities increased since the Company bought machines and equipment as needs. No net cash flows used in financing
shall be increased if customers bought device with package. Trend of AIS Sim subscribers increase in line with compensation package increase Oct 2018 Nov 2018 Dec 2018 Jan 2019 The number of SIM 9,053
activities decreased since the Company bought machines and equipment as needs. No net cash flows used in financing activities in 2017, as the year 2016 The optimal capital structure The Company had Debt to
the development of land and building of animal shelters on the land, bought by the Company in 2016 with the purpose to raise and breed the Company’s excess animals, were not able to proceed as planned
October 2019 - 10 October 2022 2.70 2. The Company has been repurchasing stocks since the end of 2018. As of 31 December 2019, the Company has bought back 21.5 million shares worth 142.11 million THB (the
fee as subsidiaries were established abroad. This caused additional travelling expenses and related expenses. The vehicle depreciation is 0.54 million Baht more as more tractors were bought from the
% YoY. Nevertheless, Outdoor media - our focus segment- recorded THB 1,525mn in advertising expenditure, an increase of 3.8% QoQ and 11.0% YoY, benefiting from a shift in people’s behavior to spend more
เหตใุห้บริษัทจ าเป็นต้องปรับกลยุทธ์ในการด าเนินงานใหม่ โดยก าหนดปี 2560 เป็น “ปีแห่งการปรับเปล่ียน” (Year of Shift) ภายใต้สภาวะถดถอยขององค์กร บุคลากรของทัง้องค์กรตัง้แต่ ผู้บริหารระดบัสงูจนถงึพนกังานทัว่ไป