also been a completion of COD of 5 SPPs since the second quarter of 2017 to the first quarter of 2018, adding the Company’s Equity MW under operation to 510.5 MW • Financial costs decreased by 30.8

907.6 14.6 Current liabilities 2,185.8 1,740.4 445.4 25.6 Non-current liabilities 4,951.5 4,489.3 462.2 10.3 Equity 6,978.3 6,397.8 580.5 9.1 Equity attributable to the Company 6,248.0 5,701.4 546.6 9.6

Quarter Increase (Decrease) For 9-month period ended September , Increase (Decrease) 2017 2016 YoY % 2017 QoQ 2017 2016 YoY % 2017 Profit Sharing for the Period - The Company’s Equity

1 3Q20 MD&A Advanced Info Service Plc. Executive Summary Continued economic impact on mobile business despite improved pandemic situation in Thailand With well-managed pandemic situation, domestic

interest-bearing debts to shareholders’ equity ratio of 0.6 time, up from 0.5 time, respectively. However, the Group is currently under the bond approval and issue process, should the entire process have

completion of COD of 5 SPPs since the second quarter of 2017 to the first quarter of 2018, adding the Company’s Equity MW under operation to 510.5 MW • Finance costs decreased by 25.3%, mainly from the fact

that had a planned maintenance. Moreover, there have also been a completion of COD of 5 SPPs since the second quarter of 2017 to the first quarter of 2018, adding the Company’s Equity MW under operation

(15.94) (319.44%) Profit Sharing for the Period - The Company’s Equity (4.86) (0.34) (4.52) (1,329.41%) (6.33) 1.47 23.22% (11.19) 4.96 (16.15) (325.60%) - Non-controlling Interest 0.22 (0.36) 0.58 161.11

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

maintenance. Moreover, there has also been a completion of COD of 5 SPPs since the second quarter of 2017 to the first quarter of 2018, adding the Company’s Equity MW under operation to 511 MW. Such impact from