-32.54% Profit before income tax expense 113.36 53.59 (59.78) -52.73% Income tax expense (14.62) (8.57) 6.04 -41.34% Profit for the year 98.75 45.01 (53.74) -54.42% Other comprehensive income - 0.15 0.15 N

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

offered on broad base. In 2H19, unlimited data pricing re-emerged in prepaid segment and continued into early 2020. As a result of unlimited data plans as well as continued shift of customers from prepaid

: The Company has little selling expense like previous quarter because the company produced for sale a little but mainly produce for tolling so selling expense of this quarter decreased by Baht 65 million

higher proportion than selling price increase as well as Graphite Electrode’s price which is a part of conversion cost still high in this quarter. On a YoY basis, the Company and subsidiary had total net

Baht 30,195 million comparing with the year 2017 which was Baht 24,977 million, increased Baht 5,219 million due to the increase in sale volume as well as the increase in raw material price and cash

bandwidth of 2x60MHz in the industry. Consequently, we have evidently seen an improvement of network quality against peers while brand perception enhanced. That said, we have well added 1mn mobile customers

Finance costs comprise of interest expense from loans for the new investment projects, amortisation of prepaid transaction cost of borrowings and interest expense from lease liabilities. Finance costs

an investment unit, it shall be deemed that the investor acknowledges and agrees to be bound by the scheme, which has been approved by the SEC Office, as duly amended, as well as any commitments duly

previous year. Expenses analysis Q2 2016 Q2 2017 Increase/(Decrease) THB mm THB mm THB mm % Selling expense 26.5 161.2 134.7 508.1% Administrative expense 235.3 306.3 71.0 30.2% Finance costs 616.9 418.9