1 1Q19 MD&A Advanced Info Service Plc. Executive Summary Mobile growth remained soft from ongoing price competition Overall mobile market in 1Q19 reflected industry's effort in gradually

term. In addition to achieving revenue growth, the company-wide cost optimization is ongoing and translated into EBITDA expansion of +9% YoY and +2.4% QoQ to stand at Bt18,905mn, a reported margin of

of shop expansion, marketing and development of the new international business of automotive part and accessories and increasing of both domestic and international sales promotion and marketing

primary listing. Nonetheless, holding companies with majority of Thai shareholders or controlled by Thai shareholders will be subject to the rules applicable to Thai companies.?Development of Thai capital

. Meanwhile, net plant and equipment increased by Baht 49.62 million from building under construction at Chonburi branch to support business expansion and investment for production line improvement of spray

Bangkok to support the hotel operations until it closes at the beginning of next year. The company reported 1Q18 net profit of THB 230 million, a growth of 85.5% yoy. Excluding nonrecurring gain, net profit

growth contributors are also anticipated to perform better especially private investment which will be backed by vigorous export expansion and investment by public sector. Increase in money injection from

branch, Central Plaza Bangna branch, and The Mall Bangkapi branch. 3 Continuous expansion of new store format "After You Marketplace" Developed and created more than 17 new products Expand pop-up stores

stage profit margin of 2 hotels in Crossroads project phase 1 which commercially launched in September 2019, an increase in financial cost due to business expansion, growth in income tax expense pressured

percent 3.0 3.3 3.9 4.0 -0.9 0.2 0.7 1.1 -2 -1 0 1 2 3 4 5 GDP Headline Inflation Thailand Economic Growth Sources: Office of the National Economic and Social Development Board and Ministry of Commerce