Discussion and Analysis For the Three-month and Six-month Periods Ended 30 June, 201" Page 1 (Translation) 1. Significant events of the , nd quar ter of 2018 1.1 The Expansion of Electr icity and Stream
potential for use of our free cash flow in a diversified earnings stream 29-Jun-18 (Signed: 28-Jun-18) 2018E Medco Opportunity to strengthen IVL packaging footprint in the dynamic growth African region
our view is overstated. We are surely in a backwardation where current deliveries are fetching steep premiums. The positive sentiments are driven by the vaccine rollouts which in many countries is just
was 1.1x while interest coverage ratio stood at 13x. Cash flow In 1H19, operating cash flow was Bt38,000mn increasing 10% YoY from EBITDA expansion and a settlement in international roaming charges. The
financial position of AIS together with mainly 10 years installment term (detail for payment term in section 5), the company is able to utilize source of fund from operating cash flow, loans from financial
current exchange rate) Enclosure 1 5 Income Statement 1 Jan 2016 – 31 Dec 2016 (Audited) 1 Jan 2017 – 31 Dec 2017 (Audited) 1 Jan 2018 – 31 Dec 2018 (Audited) LAK million THB million LAK million THB million
-current investments and assumed net debt on acquisitions 3 Includes effect of FOREX changes on balance held in foreign currencies and on the net debt changes over the period of cash flow, due to the
create a diversified earning stream via its HVA portfolio. This portfolio, which accounted for 52% of overall core EBITDA, has enabled the Company to de- liver robust earnings on a sustained basis. The HVA
. Strengthen and be a part of economy driven by continuing enable tenant remedy measurement Cost effective management and the review of CAPEX plan to maintain sufficient cash flow and liquidity to support