-term loan of Baht 293 million, decrease in current portion of long-term loan due within one year of Baht 100 million, decrease in financial lease liabilities of Baht 1.35 million and decrease in current

2017 of 21.88 percent, an decrease in long-term loan and financial lease liabilities due within one year of 24 percent and a decrease in loan interest payment of 36.21 percent. (5) Debt Obligation The

increased from 6.55 times as at end of year 2017 to 56.23 times as at December 31, 2018 due to a decrease in financial lease liabilities due within one year of 94.67 percent and a decrease in interest on loan

to an increase in EBITDA from end of year 2018 of 24.05 percent and a decrease in interest on loan payment of 22.20 percent but the financial lease liabilities due within one year increased by 13.64

Osotspa Public Company Limited Q4’18 and FY18 Management Discussion & Analysis 27 February 2019 Q4’18 and 2018 Management Discussion & Analysis Page 1/7 Financial Highlights - Q4’18 Net profit* was

EBITDA from end of year 2018 of 69.02 percent but increase in financial lease liabilities due within one year of 16.31 percent and an increase in annualized interest on loan payment of 7.80 percent. (5

year 2017 to 14.12 times as at June 30, 2018 due to an increase in annualized EBITDA from end of year 2017 of 13.89 percent, a decrease in long-term loan and financial lease liabilities due within one

decrease in long-term loan and financial lease liabilities due within one year of 71.22 percent and a decrease in annualized interest on loan payment of 41.34 percent. (5) Debt Obligation The Corporate Group

increase in annualized EBITDA from end of year 2019 of 16.15 percent and a decrease in annualized interest on loan payment of 10.38 percent and decrease in financial lease liabilities due within one year of

providing national roaming service to NT. AWN will start recognizing rental income when the service is delivered in phases to NT within 2 years. • Financial impacts of both events have not yet occurred in