Page 4/20 Economic Overview and Competition among Commercial Banks In the first quarter of 2020, Thai economy highly contracted from the same period last year as the COVID-19 pandemic has caused

20230208-ADVANC-MDA-4Q22-EN Classification: Internal FY22 MD&A Advanced Info Service Plc. 1 Executive Summary Maintaining growth in core products amid cautious economic recovery 2022 displayed an

productivity aim in mind. Enterprise services maintained the growth amidst economic headwinds Non-mobile enterprise business reported a revenue of Bt1,524mn, growing 14% YoY mainly from TTTBB enterprise revenue

productivity aim in mind. Enterprise services maintained the growth amidst economic headwinds Non-mobile enterprise business reported a revenue of Bt1,680mn, growing 25% YoY mainly from TTTBB enterprise revenue

volatility from time to time amid the uncertainties of US-China trade policies and the eventual relationship between the UK and the EU, turbulence in emerging markets, and concerns over the US economic outlook

, which is partly due to global economic recovery, as well as the growth in exports of electronic goods which supports Internet of Things (IoT). Private consumption expanded at a moderate pace as overall

of Thailand and Office of the National Economic and Social Development Board data (NESDB), Thai economy in 2020 expanded by 2.4%, decreased from 4.2% in previous year. This was because the global

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

(25.36) (5.55%) Depreciation 137.32 124.10 13.22 10.65% Amortization 82.61 78.25 4.37 5.58% EBITDA 651.85 659.62 (7.77) (1.18%) 2. ECONOMIC SITUATION Thailand economic situation in Q1/2020 in Central and

services, harmonizing people and processes, and aligning products to deliver enhanced broadband experience. Enterprise services maintained the growth from digitalization demand amid economic challenges Non