20221103-ADVANC-MDA-3Q22-EN Classification: Internal 3Q22 MD&A Advanced Info Service Plc. 1 Executive Summary 3Q22 Thai economy continued a slow recovery from rising inflation. Consumer purchasing

-openings. However, towards the middle of the year, the rising inflation and continuous increase in energy costs limited private consumption and signaled a global economic slowdown, raising spending concerns

purchased raw water from private source as well as the rising of depreciation and amortization by 14.28 million Baht from the amortized assets of the expanded capacity concessions. Major Costs of Tap Water

LIMITED MANAGEMENT DISCUSSION AND ANALYSIS FOR Q1/2018 2 2. ECONOMIC SITUATION Thai economy in Q1/2018 continually expanded, supported by every economic engine especially merchandise exports, which were

LIMITED MANAGEMENT DISCUSSION AND ANALYSIS FOR Q3/2018 2 2. ECONOMIC SITUATION Thai economy in Q3/2018 continuously grew. Export-oriented manufacturing businesses expanded for specific sector, automobile

negatively impact export and investment 3) Less surplus of Thailand’s current account due to rising oil price from geopolitical risk especially in the Middle East and 4) Normalizing of interest rates

current account due to rising oil price from geopolitical risk especially in the Middle East and 4) Normalizing of interest rates, reflected from the Bank of Thailand (BOT) signal in considering the

Coffee and RTD Coffee Domestic sales were THB 1,795 million, up by THB 17 million or 1.0% contributed from the more variety of 3rd party products for distribution, and the rising sales of ready-to-drink

subsidies. Nevertheless, prepaid subscribers also continued to consume more data with VOU rising to 5.4GB, up from 4.1GB in 2Q17. As a result, total subscribers stood at 40.2mn with blended ARPU of Bt254

may decline, currently standing at B563, in exchange for higher ARPH (average revenue per household) in the long run. Expanded strategic digital services for both enterprise and consumer With a complete