-19 due to an increase in spectrum payable and lease liabilities. The interest bearing- debt currently stood at Bt92,200mn, decrease from Bt94,200mn. Total equity reported Bt71,696mn slightly increase

of Bt290,976mn increased 6.0% from newly acquired spectrum. Interest bearing-debt stood at Bt93,636, decreasing 4.5%, while net debt to EBITDA stood at 0.8x, down from 0.9x as of Dec-20. Total equity

% Interest-bearing debt to equity (times) 1.3 1.1 1.1 ST investment 1,392 0.4% 1,258 0.4% Net debt to equity (times) 1.0 0.9 0.9 Trade receivable 15,219 4.3% 15,149 4.3% Net debt to EBITDA (times) 0.8 0.8 0.8

paid in Apr-19, partly offset by lower interest- bearing debt which stood at Bt103,200mn. As a result, net debt to EBITDA came down from 1. 3x to 1. 1x. Total equity was Bt56,769mn decreasing 1.6% QoQ

from lower interest-bearing debt which decreased slightly to Bt102,800mn. The company has a spectrum liability of Bt14,267mn to be paid to the NBTC in 2H18. Total equity was Bt56,069mn increasing 11

Bt113,300mn, up from Bt109,700mn, while net debt to EBITDA stood at 1.4x, up from 1.3x. Total equity increased 0.8% to Bt50,821mn, mainly from higher retained earnings. Cash Flow For 9M18, AIS generated

Total 81,492 Total 81,492 Financial Position (Bt mn/% to total asset) 4Q17 4Q18 Key Financial Ratio 4Q17 3Q18 4Q18 Cash 10,650 3.7% 9,067 3.1% Interest-bearing debt to equity (times) 2.2 2.2 1.9 ST

the THB that affected the value of the Company’s overseas assets. • Net debt to equity ratio as of 31 December 2019 stood at 0.48x, an improvement from 0.55x in 31 December 2018. SIGNIFICANT EVENTS

adoption of new financial reporting standards, the acquisition of a new subsidiary and the depreciation of the Thai Baht that affected the value of Company’s overseas assets • Net debt to equity ratio at the

overseas assets • Net debt to equity ratio at the end of 2Q 2020 stood at 0.98x, an increase from 0.48x on 31 December 2019 2Q 2020 SIGNIFICANT EVENTS Impacts of Coronavirus Disease 2019 (COVID–19) COVID-19