20221103-ADVANC-MDA-3Q22-EN Classification: Internal 3Q22 MD&A Advanced Info Service Plc. 1 Executive Summary 3Q22 Thai economy continued a slow recovery from rising inflation. Consumer purchasing

address weak consumption.  Other service revenue was Bt1,148mn, increasing +1.1%YoY and +7.7%QoQ, composed mainly from enterprise business which was driven by rising demand for Cloud, Data center, and

by 6.0 percent growth in Latin America, and 5.4 percent growth in Europe. The improvement of the world economy, lower ticket fare, and the increasing of the number of passenger demand are main factors

in Associates The Company has share of profit from associated companies, increasing from 197.7 million baht to 219.4 million baht for the first quarter of year 2018. Mainly, the rising amount was due

the market.  Other service revenue was Bt1,155mn, increasing +3.5%YoY due to rising demand for EDS, Cloud and Data center following digitalization but decreasing -5.6%QoQ from fluctuation in seasonal

Passenger Services: cost of passenger services reported at 3,446.4 million baht or rose by 6.2 percent comparing to year 2016. The increasing cost was due to rising number of passengers and number of flight

-Pacific was growing at 10.6 percent, the highest of all, following by Europe and Africa which was increasing by 8.8 percent and 8.1 percent respectively. The available seat kilometers (ASK) of all region

airline business slightly declined by 0.6 percent from highly intense competition which caused the average fare to drop by 6.0 percent, particularly in Indochina routes. This was a consequence of increasing

our customers and generate higher income from both the content as well as subscription in mobile and broadband. Revised down full year guidance following the rising economic risk We revised down the

rising plus additional coverage of 5G in key area. The growing COVID-19 impact on economy is likely to be less pronounced to telecom spending which is relatively resilient in nature to the economic