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

leads to a significant increase in online shopping. The Company has implemented customer-centric omni-channel platform since many years ago through the ‘Central at Your Home’ campaign and our omni-channel

outlook, any global economic recovery is expected to be feeble while close attention should be paid to several variables including the outbreak of the COVID-19, the Mid-east conflict and the US Presidential

temporarily in Q1-2/2019. The Automotive industry also slowed down. However, we have seen recovery signal for the HDD industry in the country in Q3/2019, so the Company had received increasing purchase orders

, the tourism sector and a recovery in exports due to an improvement in the economies of our trading partners. As a result there has been an increase in the purchasing power of consumers in major cities

and China, resulting in main customers decreasing purchase orders and postponing investment plans for additional capacity in the country temporarily. However, we have seen recovery signal for the HDD

of 2019, the Company had the inventory decreased by 322.7 million Baht to the level of 1,006.4 million Baht at the end of 2019. Besides, being a trading partner with AIS, the number one network

recovery. According to the Bank of Thailand data, at the end of December 2018, the credit card industry reported the total numbers of credit card industry amounted to 22.1 million cards, has grown by 9% more

be consistent with consumer’s behavior. Moreover, our revenue from bad debt recovery continued growing by 31% y-y. Details of each business can be described as follows: Profit and Loss Statement

cardless cashing totally online shopping increased around 2 times and cardless cashing share more than 30% of total personal loans. Moreover, our revenue from bad debt recovery growing by 11% y-y. Details of