20230508-ADVANC-MDA-1Q23-EN Classification: Internal 1Q23 MD&A Advanced Info Service Plc. 1 Executive Summary Growing core businesses amid the cautious recovery of the Thai economy 1Q23 illustrated a
cloud service. 1H22 Snapshot For 1H22, core service revenue was 66,063 million, an increase of 2.0% YoY, which corresponded with a gradual economic recovery. High competition and rising inflation put
rooms 83 88 85 Non-Core Properties Occupancy Rate (%)No. of Projects Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) 6 / 12 • Strong performances of existing shopping
2.1 Credit Risk Management 5 2.2 Market Risk Management 5 2.3 Liquidity Risk Management 6 3. Business Directions and Operations of Core Businesses 7 3.1 Sustainable Development and Corporate Governance
profit decreased by Baht 128 million mainly due to the decrease in steam sales volume of Rayong Central Utility Plants (CUP) and IRPC Clean Power (IRPC-CP) decreased, even though the electricity sales
outbreak, especially on export, tourism and industrial sector. However, economic recovery has been high uncertain from new wave of the COVID-19 pandemic since December 2020. As a result, the domestic tourism
operations of projects in 2019 which are Rayong Central Utility Plant 4 (CUP-4), Namlik 1 Power Company Limited (NL1PC) and Xayaburi Power Company Limited (XPCL), notwithstanding the recognition of expenses
represents decreasing of 34 Million Baht (2,642%) from Q1/2017. The main cause for the lower net profit is economic in Thailand just recovery, and there is a delayed effect before reaching down to
of 28 Million Baht (68%) from 2016. The main causes for the lower net profit is because of lower work volume, which is due to economy has not yet recovered. Because economy is still in the process of