Analysis (MD&A) For Q3/2018 2 - Increasing of HRC price: the average selling price of HRC in 3rd Quarter of 2018 was THB 20,715/ton, increased by 15% as compared with last year quarter (THB 18,079/ton

reported core service revenue of Bt34,080mn, increasing 2.9% YoY and 0.5% QoQ from a quality growth of fixed broadband business and a rebound in non-mobile enterprise business. FBB business continued a

showed a slow recovery reflecting a mixed trend in the indicators. On one side, a strong growth driver came from increasing tourist arrivals and lower inflation rates attributed to government subsidies

up. As a result, core service revenue in 3Q18, which excluded IC and equipment rental, was Bt33,134mn, increasing 2. 1% YoY but decreasing 0. 9% QoQ. EBITDA remained growth YoY but softened QoQ Cost

year. The reasons for an increasing of revenues can be explained as following; 1. Revenues from collection of purchased accounted receivables was 341 million Baht which increase from the same period last

timing of exit from quantitative easing policy by many central banks, such as the European Central Bank’s plan to cut its monthly bond-buying program. These developments may influence movements of

of next year (2018) due to the purchaser’s request for its funding and capital increasing approval process from relevant official bodies. 3) LPH shall take parts of land survey and fix the right legal

was Bt33,962mn, increasing 2. 5% YoY and 0. 8% QoQ, against the mid- single digit growth FY19 guidance. EBITDA stood at Bt18,906mn, flat YoY but increasing 4.6% QoQ following revenue improvement and

CSL outstanding shares. Following the acquisition, AIS will have greater capability to serve increasing business demand for digital solutions e.g. Cloud, business solutions, and managed services in the

under a Power Purchase Agreement) increase 10.8% QoQ from Baht 1,637.7 million to Baht 1,814.8 million. The increasing of Baht 177.1 million mainly derived from sales of natural gas power plant which