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

1Q22 MD&A Advanced Info Service Plc. Executive Summary Prolonged economic impact from Omicron outbreak and rising inflation in 1Q22 In 1Q22, Thailand’s economic recovery was challenged as private

severely impacted due to drop in crude oil prices losing competitive advantage of shale gas vs naphtha on interim basis; which can be specifically seen in lower Integrated EG margin & MTBE where our prices

and Rayong branch in March. The COVID-19 impact especially in March has resulted in a revenue drop of THB 12.69 million, down 9% compared to the same period last year. - - Restaurant business took a

by the performance of Advance Power Conversion Company (APCON) whose projects had been postponed, as a result; a massive drop in 9 months period by (125.62%). Profit before tax: An increase of 6.40% in

percent, a drop from 0.78 percent in the same period last year and 0.66 percent in the last quarter, reflecting the low overall cost of production and the slow recovery in household purchasing power. The

2020/21, the Company sees a positive sentiment from the Prowtech’s operation due to a sign of recovery in Outdoor media demand. Therefore, MACO will initially invest 15.0% in VGI Vietnam from subscribing

/2021 was THB 105 million, decreased by THB 32 million or 23% from Q1/2020 corresponding to the drop in total sales. • Gross profit margin in Q1/2021 were 58.7%, dropped by 3.9% from Q1/2020 due to the

Solutions) sector which rose 73.2% from those of previous year and 1.4 times from those of 2015. This was caused by the increasing demands in Asia and Europe markets following the recovery in EU economy and

Investment in Dusit Fudu Hotel Management (Shanghai) Co., Ltd. (Dusit Fudu) of Baht 4 million; 350.1% drop YoY. This huge drop was driven by a significant decrease in occupancy rate in Hotels managed by Dusit