Bt113,300mn, up from Bt109,700mn, while net debt to EBITDA stood at 1.4x, up from 1.3x. Total equity increased 0.8% to Bt50,821mn, mainly from higher retained earnings. Cash Flow For 9M18, AIS generated
liabilities and license payable) remained healthy at 1.0x. Total equity was at Bt78,214mn, which declined - 4.4% due to dividend payment. Cash flow In 9M22, cash flow from operation (after tax) reported at
) remained healthy at 0.7x. Total equity was at Bt79,967mn, which decreased -6.8% due to a decrease in retained earnings appropriated for the dividend. Cash flow In 1Q23, cash flow from operation (after tax
was at Bt87,183mn, increased 1.6% from higher retained earnings. Cash flow In 1H23, cash flow from operation (after tax) reported at Bt37,904mn, increased by 4.7% compared to 1H22 following an
0.9x. Total equity was at Bt83,486mn, decreasing -2.7%. Cash flow In 9M23, cash flow from operation (after tax) reported at Bt62,485mn, increasing 9.4% compared to 9M22 following an improvement in EBITDA
respect of the Transaction are fulfilled or waived by the relevant parties. 6 Value of Acquired Assets The value of acquired assets is calculated based on the discounted cash flow approach (DCF), as it is
waived by the relevant parties. 6 Value of Acquired Assets The value of acquired assets is calculated based on the discounted cash flow approach (DCF), as it is an approach which reflects the ability to
calculated based on the discounted cash flow approach (DCF), as it is an approach which reflects the ability to make profit of Hello LED in the future, where the key assumptions are an estimated growth of