ADVANC-MDA-1Q24-EN 1Q24 MD&A Advanced Info Service Plc. 1 Executive Summary Revenue base expansion from core business growth and acquisition of TTTBB 1Q24, Thai consumer confidence slightly improved

multi- products fuel pipeline expansion project to the northern of Thailand (phase 1 or NFPT-phase1) . The Gross profit margin of the Group was of 54.1% compared to 59.0% of Q3/2018. While in the nine

expansion project to the northern of Thailand (phase 1 or NFPT-phase1) which is recognized in this quarter. The Gross profit margin of the Group was of 47.7% compared to 54.5% of Q2/2018. While in the first

main strategies are namely, invasion of the housing market, expansion of service income, financial liquidity management and adding value to existing assets. As for the performance in Q1/2021, the net

7,698 mn, up by 5.2% YoY with a 6% YoY growth in net profit to THB 2,483 mn. Establishment of a Joint Venture to support business expansion plan On 5 September 2017, the Company established a new joint

slower rate in March and reached its bottom in April (-8.1% YoY), it made a v-shape recovery with 18.0% growth in June, partly driven by additional supply of C-Vitt from capacity expansion. - While Q2’20

network expansion led to increasing cost of service 3.9%YoY and 3.4%QoQ; however, SG&A was well-managed and dropped -12%YoY and -8.8%QoQ, resulted in stabilized EBITDA with -0.9%YoY and +1.6%QoQ. Net profit

such information to the Stock Exchange of Thailand. Reasons and Justifications for the Transaction : The Company has a plan for business expansion, and it is thus necessary for the Company to use more

expenses related to new recruits for new three branches and one branch expansion in the first half of 2017. In contrast, the Company opened only two branches of Maygori in the same period last year. Maygori

sales and service is higher than the same quarter last year at 20.9%. Selling and administrative expenses increased 6%, to support business expansion both in Thailand and overseas The Company’s expenses