buy the products as agreed. As a result, as at 30 September 2018, the Company had outstanding balance of inventories from the exclusive mobile phone project by Baht 145.7 million. Base on the current

1 Executive Summary AIS continued to build on leadership in mobile data through improved 4G quality and brand perception. In 1Q17, CAPEX of Bt11.5bn was spent to strengthen 4G network quality through

on smartphone called “Be Wallet” with the target of over 200,000 subscribers The Company emphasize efficient Boonterm kiosk spot with the ARPU management especially mobile top-up value more than 5% of

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

resulted in weak consumer spending, particularly on mobile services. However, remote working continued to provide decent demand for home broadband. Overall, AIS reported core service revenue of Bt32,770mn

the businesses in subsidiaries and associated the Company investing had improved operating results when compared to the same period last year. The business of mobile phone distribution business

net repayments of Bt738mn, cash outstanding was Bt9,067mn. 4 FY18 MD&A Advanced Info Service Plc. Income statement (Bt mn) 4Q17 3Q18 4Q18 %YoY %QoQ FY17 FY18 %YoY Mobile revenue 31,016 30,862 31,364 1.1

handset sale. However, overall consumer spending remained weak and AIS continued to exercise cost measures to minimize effect from slowdown in revenue. Mobile competition slightly improved Amidst weak

) Income from rendering of services through online top-up machines “Boonterm kiosk” (Service charge) was Bt481.31mn, increasing 8.0% YoY, mainly from the increasing in kiosk usage, mobile top-up service and

1 3Q20 MD&A Advanced Info Service Plc. Executive Summary Continued economic impact on mobile business despite improved pandemic situation in Thailand With well-managed pandemic situation, domestic