51-E 1/2 RC 51/18 8 August 2018 Subject : Report on the Company’s operating results for the second quarter of the year 2018 Attention : President of the Stock Exchange of Thailand The Board of

the two languages, the Thai version shall prevail. The objective of this MD&A is to present the information and the explanation of financial status and operating results as of the date hereof. However

to store excess electricity to be used during peak demands in order to help optimize and stabilize power system at the Science & Innovation Centre of GC, Rayong and “Smart city” pilot project for

and convergence package, could help supporting price point and maintaining gap over the industry. 3Q20 Operational summary In 3Q20, total mobile subscribers were maintained around 41mn in absence of the

Limited Q4’18 and FY18 Management Discussion & Analysis 27 February 2019 Q4’18 and 2018 Management Discussion & Analysis Page 3/7 The success of our small brands with herbal benefits help stabilizing

& ANALYSIS CONSOLIDATED P&L SNAPSHOT THB (mn) 2Q 2017/18 1Q 2018/19 2Q 2018/19 QoQ (%) YoY (%) Operating revenue 978 1,077 1,208 12.2% 23.5% Cost of sales 387 392 537 37.1% 38.7% Gross profit 591 685 670 -2.1

revenue from sales of food and beverages per total operating days of the same branch In the 2nd quarter of 2019 and 2020, franchise fee income decreased from THB 17.3 Mn to THB 13.6 Mn respectively, a

Q4 which created a decline in mobile service revenue in this quarter. Following the EBITDA movement, AIS reported a net profit of Bt6,757mn, improved 7.1% YoY from better operating performance, lower

repayment and for business operation, because the Company, in the past, has continuous loss in operating results. Thus, the Company considers the business restructuring of the Company’s group, whereby the

requires cash flow for debt repayment and for business operation, because the Company, in the past, has continuous loss in operating results. Thus, the Company considers the business restructuring of the