million. Total non-current assets decreased by 5% from the year ended 2018. • Total Liabilities As of 31 December 2019, the Company has total liability amounting to THB 2,194 million. Total current

% 13.74% 3.93% Remark: * Calculated based on the number of issued and paid-up ordinary shares deducted by the number of treasury share GP = Gross Profit, EBITDA = Earnings before Interest, Tax, Depreciation

Advertising Association Thailand (DAAT) recorded THB 9,477mn of advertising expenditures in 2016 and it is expected to grow by 24% in 2017 mainly driven by the acceleration of internet access and the ubiquity

1,989 0.7% 1,829 0.5% Net debt to equity (times) 1.4 0.9 1.3 Trade receivable 16,277 5.6% 16,768 4.7% Net debt to EBITDA (times) 1.0 0.7 1.0 Inventories 4,828 1.7% 2,669 0.8% Net debt & lease liability

competition, AIS mobile service revenue was Bt130,062mn, grew 4.2% YoY based on subscriber growth of 2% and ARPU growth of 2%. Overall, price competition improved from FY18 when unlimited data plans were

based on the number of issued and paid-up ordinary shares deducted by the number of treasury share GP = Gross Profit, EBITDA = Earnings before Interest, Tax, Depreciation & Amortization, EBIT = Earnings

- current assets is mainly due to the depreciation for property, plant and equipment.  Total Liabilities As of 31 March 2019, the Company has total liability amounting to THB 4,359 million which is divided

Public Limited Management Discussion and Analysis Quarter 2 Ending 30 June 2019 • Total Liabilities As of 30 June 2019, the Company has total liability amounting to THB 2,854 million. Total current

Equity (ROE) (%) 25.09% 21.16% 3.93% Return on Assets (ROA) (%) 16.71% 13.16% 3.55% Remark: * Calculated based on the number of issued and paid-up ordinary shares deducted by the number of treasury share

of Ordinary Shares (Million Shares) * 947.96 947.96 - - Return on Equity (ROE) (%) 22.44% 21.16% 1.28% Return on Assets (ROA) (%) 14.68% 13.16% 1.52% Remark: * Calculated based on the number of issued