20221103-ADVANC-MDA-3Q22-EN Classification: Internal 3Q22 MD&A Advanced Info Service Plc. 1 Executive Summary 3Q22 Thai economy continued a slow recovery from rising inflation. Consumer purchasing
temporary suspended. Private consumption contracted as a result of weakening purchasing power and high household debt. Government have implemented financial relief measure to help those affected by the COVID
from Japan perpetual license deal. Corrective actions and controls are in place to mitigate rising labor costs and improve forecasting and purchasing practices. Selling and Administrative Expenses In Q2
. Corrective actions and controls are in place to mitigate rising labor costs and improve forecasting and purchasing practices. Selling and Administrative Expenses In Q2 2017, selling and administrative expenses
restriction measures limiting business activities while government offered some subsidies that partially supported consumer purchasing power. Restrictions were gradually relieved beginning September including
gradual rebound of consumer purchasing power alongside the effort to restructure the pricing plans and the recovery of tourist- related usages in tourist sims and international roaming calls. This growth
difference between the fair value of net assets acquired and the cost of acquiring ICUK by CVHLUX, a subsidiary, in 2017. As of December 31, 2019 and 2018 goodwill amounted to THB 481 million and THB 500
quality acquisition with cross-sell & upsell Mobile revenue recorded Bt29,495mn, with a 1.0% YoY and 0.8% QoQ from increasing tourist-related usages and results from a focus on acquiring quality customers
systems and purchasing discount (economy of scale). • The company has preliminary valuation of GPSC and GLOW synergy that will occur during the year 2019-2024, with the EBITDA expected to gradually increase