8.2 9.2 9.8 10.3 Blended 7.6 8.9 10.1 10.9 11.4 Device Penetration 4G-handset penetration 50% 54% 57% 59% 63% Fixed Broadband Business FBB subscribers 571,800 623,400 676,700 730,500 795,000 FBB net

13% 5.7% Blended 10.9 12.1 12.7 17% 5.0% Device Penetration 4G-handset penetration 59% 69% 71% - - Fixed Broadband Business FBB subscribers 730,500 937,000 1,037,600 42% 11% FBB net addition 53,800

10.5 16.3 16.1 53% -1.1% Blended 12.2 17.0 17.2 41% 1.3% Device Penetration 4G-handset penetration 69% 75% 76% - - Fixed Broadband Business FBB subscribers 937,000 1,202,600 1,255,500 34% 4.4% FBB net

10.9 11.4 11.5 Device Penetration 4G-handset penetration 54% 57% 59% 63% 66% Fixed Broadband Business FBB subscribers 623,400 676,700 730,500 795,000 855,400 FBB net addition 51,600 53,300 53,800 64,500

under other service revenues and device sales. As the acquisition value was higher than CSL’s net identifiable assets, AIS recognized the value difference as goodwill amounting to Bt2.8bn. With the

or –1.1%QoQ. Despite intense competition, AIS fibre gained 112k net adds in 2Q20, resulted in total subscribers of 1.2mn. Underpinned by work-from-home trend, AIS fibre had robust acquisition with the

mainly to controlled network OPEX and marketing expenses. As a result, AIS reported EBITDA and net profit of Bt18,998mn and Bt8,005mn, respectively, both growing +11% YoY and flat QoQ. Revised revenue and

) SIM & Device sale Decline and make near-zero margin Consolidated EBITDA margin (excluding equipment rental) 45-47% Cash CAPEX Approximately Bt25bn Dividend policy Minimum 70% of net profit Core service

(excluding equipment rental) of 45.2% , up from 44.7% in FY17. With continued network investment, net profit was reported at Bt29,682mn, slightly declining 1.3% YoY. For FY19, AIS expects to grow mid- single

months (Jul-Aug) due to COVID restriction measures, total subscribers expanded to 43.7mn, an increase of +424k net additions. This was attributable to online channels, tele sales and temporary shops which