” reflecting the Company's successful strategy and future potential. 2017 Performance Analysis The Company achieved its highest-ever EBITDA of $ 1.004 billion in 2017, and achieved a 30% core EBITDA growth vis-à

, AIS’ core service revenue dropped -3.2%YoY, while EBITDA (pre-TFRS16) still maintained growth of 1.8% with 45.5% EBITDA margin and NPAT decreased -7.1%. For FY20, our core service revenue and EBITDA

growth in sales of dessert cafés, which accounts for the largest share of revenue. The growth in sales of dessert cafés was mainly due to the improving COVID-19 situation, as a result more customers are

increase was mainly due to (1) increased number of branches, (2) the positive same-store-sales growth during 2017 and (3) the increased sales of raw material to franchisees. Revenue from franchise fees

of THB 375.9 Mn or 21.3% and was mainly due to (1) increased number of branches, (2) the positive same-store-sales growth and (3) the increased sales of raw material to franchisees. Franchise fees

by 1.7% or Baht 113 million from the fiscal year 2017. Although overall Thailand economic was still stagnant, the company performed better than market by new restaurant outlets expansion. Cost of Sales

contraction of the Thai economy. The economic growth inclined to be slower than forecasted which was mainly due to the trade tensions and the weakening of economy worldwide. Particularly, the export sector has

medical equipment as well as medical service concerning health and esthetics. 2. Overview of operating results in the Year 2017. The overall global economy still has growth direction in fine criteria from

Overview In term of the retail industry in 2Q17, low growth rate has been continued from the previous quarter due to the higher household debts and credit card debts from middle-low consumers in which

due to an expansion of the restaurants and bakery shops under the brand “S&P”. However, the growth of the domestic retail channels Earnings before Interest, Tax, Depreciation and Amortization (EBITDA