% 2.2% EBITDA (MB) 27.8 14.9 86.3% EBITDA (%) 14.6% 6.2% Earnings per share (Baht) 0.03 0.01 200.0% Remark : EBITDA = Profit before finance costs, income tax, Depreciation and Amortization Statement of

% Earnings before interest and taxes 19.6% 23.7% Earnings before taxes 10.6% 20.0% Net Profit Margin 7.4% 16.4% (million) 2018 2017 increase (decrease) 1.2 Report and analysis of financial positions million

level of household debt and conservative spending are continue to hinder domestic consumption by limiting consumption with only necessary items, decreasing in spending frequency and low- price. The

low price offerings remained in the market to address weak spending power. Enterprise non- mobile business grew 6% YoY. Demand for enterprise data service (EDS) started to recover after having been

speed unlimited price plan while handset subsidies were more locally- focused compared to last year. With accumulation of fixed- speed unlimited subscribers, revenue and ARPU have been pressured. However

with a competitive price. As a result, the domestic sales slowed down compared to last year. Furthermore, the manufacturers from China and Europe still maintain their maximum production capacity which

price competition and sale volume as well as Baht appreciation which leads to slow down in exporting thus revenue from sales of electricity and thermal energy declined due to shut down of machine for

Expense (0.75) (0.07%) (5.67) (1.52%) (4.92) (86.77%) (2.12) 244.32% (1.37) (64.62%) Net Profit (Loss) 54.98 5.34% (79.97) (21.37%) 134.95 168.75% 48.41 4.65% 6.57 13.57% Earnings per share (Baht per share

1 2Q19 MD&A Advanced Info Service Plc. Executive Summary Competition in mobile saw an improvement In 2Q19 the price competition in mobile industry had improved with fixed speed unlimited data pricing

economy and price competition Mobile revenue was Bt28,847mn, decreasing -1.7% YoY and -2.5% QoQ impacted by low spending amidst Omicron’s spread and relatively high base of 1Q21 from government stimulus