1 Forth Smart Service Public Company Limited (FSMART) 1Q19 Management Discussion and Analysis Operational Summary in 1Q19 Net profit was Bt150mn, increasing 3.1% YoY Total revenue from core
Bt39,437mn, increasing 18% YoY from an expansion of revenue base from TTTBB acquisition, supported by growth of all core businesses. It improved 6.4% QoQ from full-quarter recognition of TTTBB’s revenue
transactions per day. Total revenue from core business is Bt848.81mn, increasing 10.4% YOY, and net profit is Bt150.40mn, increasing 4.7% YoY. 2 Forth Smart Service Public Company Limited (FSMART) 2Q18
-launched iPhone in 4Q19. Core service revenue was Bt35,571mn, increasing 5.6% YoY from both mobile and fixed broadband. However, QoQ core service revenue was flat underpinned by prepaid ARPU pressure due to
rental, core service revenue was Bt33,962mn increasing 2. 5% YoY and 0. 8% QoQ, driven by 4G growth, higher fixed broadband subscribers, and sales in enterprise. Mobile revenue was Bt31,555mn increasing
Bt36,309mn, increasing 9.3% YoY and 5% QoQ mainly driven by growth of fixed broadband and the full-quarter recognition of CSL revenue and equipment rental. Excluding IC and equipment rental, core service
18.3% QoQ. Total revenue from core business was Bt735mn, increasing 10.2% QoQ. Banking agent business (of which the Company is the agent for 6 commercial banks: KTB, KANK, BAY, GSB, BAAC, and SCB
usage amount is Bt10,421mn increasing 30.3% YOY. The numbers of active subscribers are 2 5 mn with 2.2mn transactions per day. Total revenue from core business is Bt842 .14mn increasing 17.8% YOY and net
, increasing 0.2% YoY, which is all-time highest number. Total revenue from core business was Bt3,147mn, decreasing 5.7% YoY. Number of “Boonterm kiosk” was 130,481, increasing 0.3% YoY. Banking agent