business overseas. VGM has recently expanded its footprint into Indonesia, securing a 20-year concession to manage Transit media in North-South line – the first mass transit system in Jakarta.  In the end

& ANALYSIS 2018 MD&A FY 2018 (ended 31 December 2018) IMPORTANT EVENTS IN 2018 2018 was another important milestone for MACO as we successfully expanded our media coverage in Southeast Asia through our

includes (i) the entire business transfer of Unicorn Enterprise Company Limited (EBT of UE), a wholly-owned subsidiary of BTS Group Public Company Limited (BTS) to U City, (ii) the issuance of preferred

UE, which ws funded by a capital increase via issuance of preferred shares last quarter. The majority of assets acquired by EBT of UE was the BTS- Sansiri JV (Sansiri JV)  Net debt to equity ratio as

% YoY and 14% QoQ. Cost optimization was continued even as we expanded our 5G network, resulting in increased cost of service (+5.3% YoY, +2% QoQ) but lower SG&A (-13% YoY, +1.8% QoQ). Our reported NPAT

& ANALYSIS 1Q 2017/18 2 AUG 2017  Demo Power (Thailand) Company Limited successfully expanded to VGI’s commercial spaces by launching demonstration services across BTS stations.  Recognised additional

1Q 2018/19 MAY 2018  On 23 May 2018, VGI unveiled a new vision: “Pioneering Solutions for Tomorrow.” Having expanded its business offerings from the traditional offline OOH media to embrace an

from ‘International Advertising’  Expanded our footprint to Vietnam market – the fastest growing economy in Southeast Asia  Net profit excluding minority interest was THB 161mn KEY BUSINESS AND

Microsoft PowerPoint - BTSG Green Bond at Towards the Sustaibable Finance and Investment in Thailand downloaded version BTS Group Holdings PCL Towards the Sustainable Finance & Investment in Thailand

structural pillars of BTS SkyTrain stations and flyovers, both in the heart of and across Bangkok. Nevertheless, with increasing popularity comes intensifying competition. Many media companies expanded their