unearned franchise revenue will be recognized as revenue over the 5-year period) and the increase in the provision for long- term employee benefits and the provision for decommissioning. (Note: Unearned

statements. Please note that the company and executives/staff do not control and cannot guarantee the relevance, timeliness, or accuracy of these statements. AIS Investor Relations http://investor.ais.co.th

margin (excl. NCI) 50.3% 20.5% Note: The Company restated 1Q 2016/17 financial performance after the consolidation of Rabbit Group under the common control basis. 1Included extraordinary item from gain of

Management Discussion and Analysis For the Financial Result of Quarter 2 Year 2017 Ended June 30, 2017 Note: This Management Discussion and Analysis (MD&A) was made to disclose information and the

increased to 51.0% from 49.4% in 1H16 and higher EBITDA Profit ratio, increased to 56.4% from 55.7% in the same period last year. Table 1: Operational Statistics Note: Occupancy rate of CPN and CPNRF

of 3.8% p.a. for the first year. The proceeds from the issuance of the Debentures will be used to refinance our higher interest rate borrowings (note that the combined financing costs of ABP3, ABPR1

% 45.4% Adjusted EBITDA margin 40.9% 42.3% 46.1% Net profit margin 24.5% 20.5% 20.6% Adjusted net profit margin 26.1% 22.5% 23.3% Note: The Company restated 2Q 2016/17 financial performance after the

different from any future results, performance or achievements expressed or implied by such forward-looking statements. Please note that the company and executives/staff do not control and cannot guarantee

CentralMarina after renovation. Excluding new and renovated projects, same store rental revenues for 3Q17 increased approximately by 3.4% YoY. Table 1: Operational Statistics Note: Occupancy rate of CPN and CPNRF

Ratio 0.43 0.27 0.43 0.27 Leverage (Net Debt/EBITDA) 7.35 3.20 1.78 1.02 Note: Net Debt = Interest bearing liabilities – cash and cash equivalents Mr. Geza Perlaki Mr. Timothé Arthur Maria Van Den Bossche