investment slowed down as confidence in the election and the direction of investment from the government through large projects. In the third quarter of 2018, the Company is more productive for our customers

the Stock Exchange of Thailand. Transport Minister Charupong said: ?It was a productive meeting with many key issues clarified. The SEC regulations will surely enhance the Thai capital market?s roles in

% 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

Baht 162.43 million or 11.77 percent. The major reasons of the increase in revenues from sales were due to the effective sales and marketing strategies from the productive usage of database. The

also promote dialogues and productive cooperation with public sector organizations, state enterprises, business sectors, civil society, the public and relevant international organizations to promote

share, declined by 25.5% YoY to THB 3,418mn. Nevertheless, Out-of-home media, which includes Transit, Outdoor and In-store media (collectively, “OOH”) bucked the trend, increased by 12.7% YoY to THB

1 MASTER AD PLC MANAGEMENT DISCUSSION & ANALYSIS 1Q 2018 MD&A 1Q 2018 (ended 31 March 2018) 14 MAY 2018 MEDIA INDUSTRY AND BUSINESS IMPACT ANALYSIS The popularity of outdoor media has continuously

includes Transit, Outdoor and In-store media with a market share of 12.9%, resiliently increased by 2.6% YoY to THB 3,394mn. OOH media continues to benefit from the structural shift in the media industry

/18 2018/19 OOH media 3,559 3,847 8.1% 90.4% 74.6% Digital Services1 378 1,311 246.8% 9.6% 25.4% OOH media segment Transit media Office Building and Other media Outdoor media segment Digital Services

) OOH media segment Transit media Office and Other media VGI PUBLIC COMPANY LIMITED Outdoor media segment Digital Services segment cost of sales gross profit gross profit margin selling, general and