National rating: AA+ (THA), Outlook: Stable S&P BBB+, Outlook: Stable Source and Use of Fund: 1H19 (Bt mn) Source of fund Use of fund Operating cash flow 38,000 CAPEX & Fixed assets 9,443 Sale of equipment

restructuring agreement - net from current portion Property, plant and equipment Intangible assets Other non-current assets Total non-current assets 3,227,335 104,714,751 288,147 671,808 108,902,041 3,474,179

lease payments and is subjected to an interest rate and decreases as lease payments are made throughout the periods. b. Right of Use (ROU) is recorded under assets (property, plant and equipment) at the

20,831 CAPEX & Fixed assets 7,684 Sale of equipment 76 Spectrum license 1,758 Interest received 1 Lease liability payments 3,208 Income tax and Finance cost paid 1,121 Net borrowings payment 3,625

of 2020, our 5G network targets to cover 13% of the country’s population and 50% Bangkok’s population. Under single 4G/5G equipment with multi-band multi- technology, 2600MHz also significantly

: Stable S&P BBB+, Outlook: Stable Source and Use of Fund: 1H22 (Bt.mn) Source of fund Use of fund Operating cash flow 39,459 CAPEX & Fixed assets 14,455 Sale of equipment 68 Spectrum license 3,474 Interest

: 9M20 (Bt.mn) Source of fund Use of fund Operating cash flow 65,214 CAPEX & Fixed assets 18,040 Sale of equipment 27 Spectrum license 23,707 Interest received 201 Income tax and Finance cost paid 8,808

added value offering such as speed boost, equipment upgrade, service quality and premium contents. Although the operators were able to retained higher starting price point of Bt399/month, deep discount

Equity 81,825 23% 75,737 21% S&P BBB+, Outlook: Stable Source and use of fund: 1Q22 (Bt mn) Source of fund Use of fund Operating cash flow 19,382 CAPEX & Fixed assets 7,696 Sale of equipment 9 Spectrum

) Cost of equipment for lease 132.7 95.3 37.4 39.2 Impairment loss on financial assets 96.7 14.7 82.0 557.8 From the above table, it found that rental income from equipment for lease in 2022 increased by