12,279 13% Gross profit 1,256 1,647 1,834 11% 46% 2,354 3,481 48% EBITDA 1,101 1,482 1,630 10% 48% 2,016 3,113 54% EBIT 778 1,067 1,185 11% 52% 1,378 2,253 63% Non-operating other income and expenses 136

of 3,236 million Baht, (3) revenue from rental and service income of 17 million Baht (0.2% of total revenues); significantly decreased by 68.7% as compared to the year 2016 of 54 million Baht, and (4

3,655 29% Other non-operating income and expenses 36 199 73 (63%) n/a 710 411 (42%) Shares of profit of associates and joint ventures 152 131 157 20% 4% 517 595 15% Net profit for the company 722 899 486

million, an increase of THB 26 million or 24.2%. This amount consists of interest paid by ACM of THB 49 million, recognized through the income statement after commencing commercial operation, interest on

1 1. ANALYSIS OF FINANCIAL PERFORMANCE Income statement (MB) Q4/2016 Q4/2017 YoY % 2016 2017 YoY % Total Sales and Services revenue 1,043.98 1,039.90 (4.09) (0.39%) 4,376.96 4,308.04 (68.92) (1.57

Clause 3; “ fee ” means a fee for undertaking business according to license; “ income ” means an income before deducting expenditures from undertaking business according to license; “ investment unit ”4

3; “fee” means a fee for undertaking business according to license; “income” means an income before deducting expenditures from undertaking business according to license; “investment unit”4 means the

result, free cash flow for 9M20 was Bt17,487mn (OCF less CAPEX and spectrum license) and ending 9M period with outstanding cash of Bt16,634mn. 5 3Q20 MD&A Advanced Info Service Plc. Income statement (Bt mn

revenue loss from the Hong Kong Branch is estimated to be minimal since revenue from initial fee will not be impacted and the franchise fee income will continue to be recognized in Q4/2019 after the

increased by Baht 1.47 million. - 2 - Other revenue was Baht 65.55 million, which increased from the same period of previous year by Baht 61.97 million or 1,731.01 percent, due to income from the