enterprises’ spending, and private investments driven by increased manufacturing capacities in many industries. Overall, the Thai economy will continue to grow, which in turn could be affected by the

market has remained competitive since end-2017. Overall, operators more carefully spent on marketing activities. Postpaid segment continued to be the main focus where handset subsidies and network quality

which was long term, lower from Bt98bn. Shareholders’ equity was Bt37,656mn, declining 12% due to lower retained earnings. Current ratio stood at 0.43x, down from 0.46x in 4Q16. With improving EBITDA and

to Bt637 in 3Q17 compared to Bt600 in 2Q17, after discounted subscriptions expired. Our plan to expand coverage further from the current 28 cities remains to capture fibre demand. Profitability

competition, AIS mobile service revenue was Bt130,062mn, grew 4.2% YoY based on subscriber growth of 2% and ARPU growth of 2%. Overall, price competition improved from FY18 when unlimited data plans were

(Decreased) % Operating profit 993.74 954.83 (38.91) (3.92%) Depreciation 188.28 191.02 2.74 1.45% Amortization 130.47 137.67 7.20 5.52% EBITDA 1,312.49 1,283.52 (28.98) (2.21%) 2. Economic Situation Overall

management service business, which was in line with increase of revenue of such business. • Overall expenses The total selling and administrative expenses was THB 957.92 million, a decrease of THB 30.74

% YoY, compared to revised FY18 guidance of 5-7%, from growth in both mobile, fixed broadband, and consolidation of CSL. Overall, the handset subsidies in mobile have softened YoY, resulting in lower

Discussion & Analysis Q2/2022 Overall operating results of the Company in Q2/2022 Q2/21 Q2/22 Change +/(-) 1H/21 1H/22 Change +/(-) (THB million) %YoY %YoY Operating Revenue 137 230 68% 317 428 35% Cost of

Thailand’s overall economic has been forecasted to grow around 3.6% this year compared to a growth of 3.2% in last year, after seeing a growth of spending within the country, as well as, the injection from