market conditions remained subdued with downward pressure on HRC prices due to global trade tensions, high levels of imports and slowdown in Thai economy. While various representations are being made to

the growth in accordance with business plan for over the next 2-3 years, yet not being fully utilized nor gaining benefit from the economies of scale particularly in the glass-bottle manufacture and

business is still under pressure from overall market in 3Q/2018. According to Nielsen, as of 30 September 2018, comparing to the same period of last year, domestic energy drink market grew by 0.4% in 2Q/2018

, AIS fully expensed handset subsidy as either handset loss or marketing expense. With the effect of TFRS 15, key financial changes, compared to prior to 2019, will be as follows: a) Device subsidy

1 2Q20 MD&A Advanced Info Service Plc. Executive Summary 2Q20 reflected the full effect of COVID-19 The effect from COVID-19 pandemic which had begun since Feb- 20 continued to fully develop in 2Q20

pressure: Albeit weak consumer spending, AIS aims to lead with 5G service emphasizing on superior 5G user experience to capture high value segment and gain revenue market share. Despite intense competition

processes to gain fair market share and expand our scale in respective businesses . • Mobile revenue to continue under pressure: Albeit weak consumer spending, AIS aims to lead with 5G service emphasizing on

lower demand from foreign trading partners affecting the export sector. The local political uncertainties that arose in this quarter further added pressure and caused delayed investment decisions in

margin of 51% from revenue growth, lower pressure in utility cost, as well as efficient cost management in marketing expenses. AIS reported a net profit of Bt8,146mn, increasing 35% YoY and increasing 14

economic recession, inflation rates, increasing household debt, and rising interest rates led to a higher cost of living, which increased prices for IT products, posing pressure for consumers to reduce their