Cloud and acquisition of CSL in Feb-18. Following the tower agreement with TOT and discontinue of 2G equipment rent as well as network expansion in both mobile and broadband, cost of service was

experienced moderate growth amid global economic uncertainty, driven by the expansion of private consumption and tourism sectors, while the purchasing power of the grassroots consumer remained challenging. AIS

Normalized Net Profit (NNP) to owner to THB 674 million in Q2’2020, despite unfavorable economic situation from COVID-19 pandemic. Key growth drivers were 1) continued expansion of portfolio capacity to 3,019

. In 3Q18, the Thai economy extends its growth momentum following the GDP expansion by 4.6% in 2Q18. The growth is attributed to a number of factors, namely 1.) strong export growth despite a slight

persistently experienced a high contraction due to the international travel restrictions. However, economic activities during that period were supported by the expansion of public spending, together with the

fixed-speed unlimited plans offset by a net addition of 456k. With continued expansion of 4G capacity and FBB network, cost of service was Bt20,752mn, slightly increased 1.8% YoY and flat QoQ. This was

Company Limited Interim Management Discussion and Analysis for the 1st Quarter 2019 Page 5 of 11 Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) Unit: Million Baht 1Q 2019 1Q 2018

share of profit from associated companies. Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) Unit: Million Baht 2Q 2019 2Q 2018 Change % Change 6M 2019 6M 2018 Change % Change EBIT

Discussion and Analysis for the 1st Quarter 2020 Page 5 of 11 Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) Unit: Million Baht 1Q 2020 1Q 2019 Change % Change EBIT 425.16 288.19 136.97

THB 150.59 million or 18.96% up as compared to 9M2018 mainly from increasing in revenue from sales and higher share of profit from associated companies. Earnings Before Interest, Tax, Depreciation and