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
to inform that it has, through its indirect subsidiary, Indorama Netherlands B.V. (“INBV”), signed a definitive Share Purchase Agreement on February 6th, 2019 with Church Street Trustees Limited as
อร์ส จ ากดั (มหาชน) (“ไอวีแอล” หรือ “บริษัท”) ขอเรียนให้ทราบวา่ ไอวีแอล โดยบริษัท Indorama Netherlands B.V. (“INBV”) ซึง่เป็นบริษัทยอ่ยทางอ้อม ได้ลงนามในสญัญาซือ้ขายหุ้นกบับริษัท Church Street Trustees
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
the office segment at 4.2%. Total revenue derived overseas stood at 73% with the remaining balance being Thailand- sourced at 27%. Within the hospitality segment, revenue grew by THB 181mn or 12.8% YoY
revenue at 86.1%, followed by others (including management income) at 9.8% and the office segment at 4.0%. Total revenue derived overseas stood at 71% with the remaining balance being Thailand-sourced at 29
the THB that affected the value of the Company’s overseas assets. • Net debt to equity ratio as of 31 December 2019 stood at 0.48x, an improvement from 0.55x in 31 December 2018. SIGNIFICANT EVENTS
received approval to renovate street furniture media on BTS columns, which is expected to be a key growth driver for 2019. January • Continued the process towards digitisation by replacing static billboards
overseas stood at 68% with the remaining balance being Thailand- sourced at 32%. MANAGEMENT DISCUSSION & ANALYSIS 1Q 2018 15 MAY 2018 U CITY PCL 1Q 2018 MD&A (for the quarter ended 31 March 2018) 4 U CITY
management revenue) at 9.7% and the office segment at 4.8%. Total revenue derived overseas stood at 74% with the remaining balance being Thailand- sourced at 26%. Within the hospitality segment, revenue grew