QUARTERLY BUSINESS HIGHLIGHTS – 3M 2020 Consolidated revenue decreased by 13.7% YoY to THB 612mn o Advertising revenue increased by 3.1% YoY to THB 270mn o System integration services revenue decreased by

provinces of Thailand. The Company’s products are categorised into 5 main types consisting of (1) Billboards, (2) Street Furniture, (3) Digital Advertising, (4) Overseas Advertising, and (5) Creative OOH. 1

Microsoft Word - WAVE SET disclosure disposal of Index EN_Final 25Dec2561.doc 1/4          L-WAVE ENT 71/2018 25 December 2018 Subject Disposal of shares in Index Creative Village Public Company

Street Furniture media under 22 BTS stations allowing MACO to offer higher visual impact advertising and more creative content for brands. Street Furniture media has already started commercialisation in

digital billboard and revenue from creative production. THB (mn) 1Q 2017 1Q 2018 YoY (%) Operating revenue 190 290 53.1% Cost of sales 89 109 22.9% Gross profit 101 181 79.7% Selling, general

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

business can be divided into 2 categories including (1) television program production and distribution and (2) creative and marketing management communication services. In 2017, the Group generated revenues

STRATEGIC UPDATES 1) ADVERTISING Created new Station Entrance Experience welcoming commuters on BTS stations  2) PAYMENT Rabbit card  Rabbit LinePay  3) AWARD AND ACHIEVEMENT   https://www.innosight.com

30.9% YoY mainly due to the lower demand for advertising and marketing campaigns. o o  Share of loss from investments in JVs and associates was THB 53mn owing to the performance of both domestic and

million, which decreased by 27% compared to the same period of last year. The main reasons is from economic slowdown which affected advertising revenue from TV business decreased 3%, revenue from event