% Total shareholder’s equity 825.87 953.94 -13.43% 803.05 891.74 -9.95% Net debt to equity 0.18 0.15 0.10 0.11 Return on equity (%) 0.92% 17.41% 4.65% 15.26% Please be informed accordingly. Yours faithfully
Shareholders’ equity Total revenues Total expenses Net profit Net debt to EBITDA ratio Interest coverage ratio (ICR) 2 Debt service coverage ratio (DSCR)2 Debt to equity ratio Current ratio B/E size to interest
-bearing debt amounted to Bt94,128mn with a net debt to EBITDA of 1.0x, decreasing from 1.3x at the end of FY18. Cash flow In FY19, AIS generated significant operating cash flow (after tax) of Bt76,627mn
Bt223,078mn decreasing 4.2% from lower interest-bearing debt, which currently stood at Bt97,700mn, down from Bt109,100mn. Total equity was Bt64,529mn increasing 12% from retained earnings. Net debt to EBITDA
lower interest-bearing debt, net debt to EBITDA stood at 1.2x, down from 1.4x while average interest cost was 3.1% p.a. Return on equity remained strong at 75%. Cash Flow In 1Q17, AIS generated Bt13,838mn
4.7% from dividend payment. Net debt to EBITDA was 1.2x, down from 1.4x at end-2017, while average cost of debt was maintained at 3.2% per year. Cash Flow In 1Q18 AIS generated Bt17,734mn of cash flow
to lower bad debt provision while decreasing -11%QoQ due to some seasonal staff-related expenses. Net FX loss was Bt223mn, turned negative, compared to FX gain of B263mn in 4Q20 due to THB depreciation
paid in Apr-19, partly offset by lower interest- bearing debt which stood at Bt103,200mn. As a result, net debt to EBITDA came down from 1. 3x to 1. 1x. Total equity was Bt56,769mn decreasing 1.6% QoQ
Bt113,300mn, up from Bt109,700mn, while net debt to EBITDA stood at 1.4x, up from 1.3x. Total equity increased 0.8% to Bt50,821mn, mainly from higher retained earnings. Cash Flow For 9M18, AIS generated
of 0.5x and 12x, respectively. At the end of 2018, AIS had interest- bearing debt of Bt109,100mn with a net debt to EBITDA of 1. 3x, stable from 2017, while maintained an investment grade credit rating