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

started its positive contribution to NPAT. Continued growth in digital services AIS digital services continued to scale in size focusing on growing user base both in consumer segment and enterprise

quality and advanced technology also allowed AIS to attract and retain high-quality customers. Non-Mobile enterprise business reported a revenue of Bt1,339mn, growing 2.2% YoY and 0.7% QoQ from industry

subscriber growth. Enterprise business and other service revenues rode on a continuous digital transformation trend, growing 13% YoY and 16% QoQ driven by Cloud and IT solutions. The cost of services was at

among particular segments including teens and tourists. Fixed broadband saw healthy growth focusing on FMC AIS Fibre has achieved robust results with revenue growing 27% YoY and 6. 3% QoQ while net

was driven by growing demand for Cloud, Data center, and Enterprise solution following digitization trend. Revenue from interconnection charge (IC) and TOT partnership reported at Bt13,820mn, slightly

with advanced technologies, driving sales of higher ARPU packages. Enterprise business thrived on digitalization demand amid economic uncertainty. Non-mobile enterprise business posted a revenue of

driven by genuine consumer demands. Enterprise business rebounded with a better economic certainty. Non-mobile enterprise business reported a revenue of Bt1,520mn, growing 20% YoY and 14% QoQ, mainly from

, growing 20% YoY from TTTBB enterprise revenue consolidation and strong demand in connectivity services for EDS and cloud to support digital transformation. QoQ growth was driven by resumed government budget

business while putting more focus on growing fixed broadband and enterprise as well as continue the building blocks of new digital services. We target to achieve core service revenue growth of mid-single