financial statements for the year ended December 31, 2019 as follows: Overview of Operating Performance Company and its subsidiaries had revenue classified by product category consist revenue from the

of Thailand 1. Analysis of Operating Results and Financial Position for the Company and its subsidiary 1.1 Analysis of Operating Results for the Company and its subsidiary for the 3-month period ended

the 3rd quarter financial statements as of November 30, 2020 which were reviewed by Deloitte Touche Tohmatsu Jaiyos Audit Company Limited. The operating performance is summarized are as follows

Discussion & Analysis Q1/2022 Operating Highlights in Q1/2022 Q1/21 Q1/22 Change +/(-) (THB million) %YoY Operating Revenue 179 198 11% Gross Profit 105 120 14% EBITDA 57 58 2% Net Profit (Loss) for the

14 ATR 72-500 5 6 ATR 72-600 11 9 Total 40 38 5 ASIA’S BOUTIQUE AIRLINE One additional Airbus A319 under operating lease agreement was delivered in July 2018 and two additional ATR72-600 were delivered

up 56%  Driven by positive internal and external outcomes  LTM 2Q18 Core EPS THB 3.86 – up 61% YoY post 9.8% dilution from warrants exercise  Net Operating D/E 0.45x, Core ROCE 15.8% on LTM 2Q18

% Net interest margin 2.33% 2.34% 2.31% (0.01)% 0.02% 2.34% 2.33% 0.01% Net fees and service income to operating income ratio 21.3% 24.1% 22.7% (2.8)% (1.4)% 22.7% 23.7% (1.0)% Expense to operating income

ถ.พุทธมณฑลสำย 5 ต.ไร่ขิง อ.สำมพรำน จ.นครปฐม 73210 โทรศัพท:์ 02-278-1777 กด 3 โทรสำร (คลังสินค้ำ): 02-420-1825 ต่อ 6515 บริษัท ฟอร์ท สมาร์ท เซอร์วสิ จ ากัด (มหาชน) FORTH SMART SERVICE PUBLIC COMPANY LIMITED

ADVANCE TECHNOLOGY PUBLIC COMPANY LIMITED SCP: SOUTHERN CONCRETE PILE PUBLIC COMPANY LIMITED SMART: SMART CONCRETE PUBLIC COMPANY LIMITED SMK: SYN MUN KONG INSURANCE PUBLIC COMPANY LIMITED SNC: บริษัท เอส

PUBLIC COMPANY LIMITED SCP: SOUTHERN CONCRETE PILE PUBLIC COMPANY LIMITED SMART: SMART CONCRETE PUBLIC COMPANY LIMITED SMK: SYN MUN KONG INSURANCE PUBLIC COMPANY LIMITED SNC: SNC FORMER PUBLIC COMPANY