expect to decline low- single digit from effect of COVID-19 and competition, while CAPEX is approximately Bt35bn. 2 2Q20 MD&A Advanced Info Service Plc. Significant Event in 2Q20 1. In Jun-20, AIS

60,400 FBB ARPU (Baht/user/month) 610 573 574 563 558 1H19 Snapshot For 1H19, AIS has delivered core service revenue growth of 4.1% YoY, against the full-year 2019 guidance of mid-single digit growth

. Excluding the consolidation of our Outdoor and Digital Services business, our revenue improved organically by 19.8% against a backdrop of double digit decline in overall advertising spending. Despite the

flow for 1Q23 was at Bt7,667mn (OCF less CAPEX, spectrum license and lease liabilities paid). In total, net cash increased by Bt3,474mn resulting in outstanding cash of Bt12,488mn at the end of Mar-23

lease liabilities paid). In total, net cash increased by Bt4,571mn, resulting in outstanding cash of Bt13,584mn at the end of June-23. Net FX gain at Bt 22mn in 2Q23, lower than FX gain of Bt 62mn in 1Q23

, and lease liability paid). In summary, net cash increased by Bt6,798mn resulting in an outstanding cash of Bt15,811mn at the end of Sep-23. Net FX gain at Bt 123mn in 3Q23, compared to FX gain of Bt22mn

cost optimization will be the key engine to grow EBITDA at mid-single digit growth. CAPEX is estimated between Bt27-30bn for growth opportunities in core business and to sustain our network leadership

contraction was -3% vs Q1 2019. This will be much worse in Q2 with a double-digit contraction, and on annualized basis, the IMF forecast for Thailand is now -6.5% in FY 2020 with a bounce back expected in 2021

the guidance. FY19 performance & FY20 outlook FY19 performance tracked in-line with all guidance. Service revenue of Bt140,454mn grew 5.3% YoY vs guidance of mid- single digit growth. EBITDA reported

Bt14,068mn (OCF less CAPEX, spectrum license and lease liabilities paid). In total, net cash decreased by -Bt3,381mn resulting in an outstanding cash of Bt9,358mn at the end of Sep-22. Net FX loss was lower at