reviewed the 1 st quarter financial statements as of May 31, 2020 which were reviewed by Deloitte Touche Tohmatsu Jaiyos Audit Company Limited. The Company has net profit attributed to owners of the parent

46.2%. Following improved EBITDA, AIS reported a net profit of Bt8,037mn, +4.5% YoY and +4.4% QoQ. Secure competitive spectrum position AIS has officially signed the roaming and equipment rental

Dusit Thani PLC Management Discussion and Analysis For 1Q19 P a g e | 1 Executive Summary In 1Q19, the Company reported net profit of THB 1 million, a decrease of 99.6% from the same period last year

of service and SG&A. As a result of demand weakness, EBITDA in 1Q22 dropped -0.8% YoY and -2.3% QoQ to Bt22,404mn with a margin of 49.5%. Following declined EBITDA, AIS reported a net profit of

Shareholders’ equity Total revenues Total expenses Net profit Net debt to EBITDA ratio Interest coverage ratio (ICR) 2 Debt service coverage ratio (DSCR)2 Debt to equity ratio Current ratio B/E size to interest

works and services 70.25 60.73 9.52 15.68 Total Costs of Sales and Services 162.73 177.34 (14.61) (8.24) Gross Profit 52.84 65.94 (13.10) (19.87) Other incomes 1.69 2.34 (0.65) (27.78) Distribution costs

11.77 10.17 Cost of project works and services 59.11 55.76 3.35 6.01 Total Costs of Sales and Services 186.63 171.51 15.12 8.82 Gross Profit 62.89 74.55 (11.66) (15.64) Other incomes 1.97 2.48 (0.51

Company, wishes to raise funds through an increase of its registered capital and offer such newly issued ordinary shares to the public by an initial public offering (the “IPO”) and subsequently list its

profit 25.35 44.08 31.23 -12.85 -29.15 5.88 23.20 Profit (Loss) from exchange rate 0.12 1.19 0.54 -0.65 -54.62 0.42 350.00 Other Income 1.26 2.13 2.1 -0.03 -1.41 0.84 66.67 Gain from bargain purchase 33.64

) (4.66) 12.84 Profit before share loss from investment in joint venture and income tax 2.76 5.93 (3.17) (53.40) 2.70 6.12 (3.41) (55.82) Share of loss from investment in joint venture 1.06 0.90 (0.16