loss and high base of 2Q21 with one-time other income. Revised guidance from rising economic concerns Due to a rising concern on inflation, consumer spending, and continued intense competition, AIS

reflects low operating risk, growing demand for tap water, and reliable stream of cash. 5. Raw Water Business Raw water revenue in the first half of 2017 was 1,310.05 million Baht, decreased by 123.91

) specification of margin corresponding to the risks and characteristics of securities, and the price used for calculation shall be from reliable sources; (5) determination of margin requirement of high liquidity

price from reliable source of information in the calculation; (7) requirement for members to place margin by the secured assets with high liquidity and low price volatility which may be in the form of

reliable financial reports and have appropriate number and qualification of independent directors. As representatives of the six institutional investors, having responsibility to manage more than 7 trillion

gross margin. Q4’19 Net profit* was at THB 823 million (+4.3% YoY). - 2019 Revenue from sales grew by 5.4% YoY, amounting to THB 25,611 million, aligned with our guidance. Taking out effect from exchange

expansion and spectrum acquisition. FY18 Guidance On 23 January 2018, the company has acquired 80.10% of CSL shares through tender offering, with an aim to strengthen the growth potential in enterprise

and to create business cases for monetization in the future. Core service revenue ( Pre- TFRS 15) grew 2. 5% YoY with guidance maintained In summary, Pre- TFRS 15, AIS’ s core service revenue in 1Q19

margin guidance of 45-47% is maintained with the 9M18 margin at 46.2%. Market and Competitive Environment The mobile fixed-speed unlimited offerings have continued to take on more subscribers, limiting the

digit driven by all business segments. EBITDA margin is expected to be stable while budgeted for CAPEX of Bt20-25bn (see guidance on page 6). Significant Event for FY19 Since 1 January 2019, AIS has