guidance of low single-digit decline YoY, with a margin of 45.4% increased by 50bps compare to 9M19. Net profit (Pre-TFRS 16) decreased by -13%YoY from network investment, spectrum acquisition as well as
relatively strong results in 1Q 2018 with an operating revenue of THB 290mn, an increase by 53.1% and net profit of THB 53mn, increased by 42.3% YoY. 2 MASTER AD PLC MANAGEMENT DISCUSSION & ANALYSIS 1Q 2018 MD
fixed-speed unlimited plans offset by a net addition of 456k. With continued expansion of 4G capacity and FBB network, cost of service was Bt20,752mn, slightly increased 1.8% YoY and flat QoQ. This was
% YoY and 14% QoQ. Cost optimization was continued even as we expanded our 5G network, resulting in increased cost of service (+5.3% YoY, +2% QoQ) but lower SG&A (-13% YoY, +1.8% QoQ). Our reported NPAT
minimum 70% of net profit Build strong leadership in mobile data In 2016, after acquiring 1800MHz, AIS has quickly built a nationwide 4G network covering 98% population in response to the accelerating
a decreased EBITDA. Net cash flow from investing was at Bt14,455mn for network investment and Bt3,474mn for spectrum license. As a result, free cash flow for 1H22 was at Bt18,274mn (OCF less CAPEX and
% yoy, +6% qoq) and non- mobile enterprise business grew 13% yoy. We continued on with cost optimization while expanding 5G network which resulted in controlled cost of service (+3% yoy, -0.5% qoq) and
of services Depreciation Network OPEX SG&A Financial cost Income tax expense Net foreign exchange gain (loss) (20,385) (9,712) (7,173) (6,288) (1,201) (1,397) (452) - - - - - - 30 47 (2,873) 2,920 14
network expansion led to increasing cost of service 3.9%YoY and 3.4%QoQ; however, SG&A was well-managed and dropped -12%YoY and -8.8%QoQ, resulted in stabilized EBITDA with -0.9%YoY and +1.6%QoQ. Net profit