Discussion & Analysis Q3/2022 Operating Highlights in Q3/2022 Q3/21 Q3/22 Change +/(-) 9M/21 9M/22 Change +/(-) (THB million) %YoY %YoY Operating Revenue 115 246 114% 431 674 56% Gross Profit 60 159 165% 242

 Net profit was Bt145mn, an increase of 39.0% YoY  The total number of “Boonterm” was 119,166 kiosks, increased 8,603 kiosks or 39.1% YoY  Total usage amount was Bt9,311mn, an increase of 61.5% YoY

 Net profit was Bt145mn, an increase of 39.0% YoY  The total number of “Boonterm” was 119,166 kiosks, increased 8,603 kiosks or 39.1% YoY  Total usage amount was Bt9,311mn, an increase of 61.5% YoY

1 Forth Smart Service Public Company Limited (FSMART) 1Q19 Management Discussion and Analysis Operational Summary in 1Q19  Net profit was Bt150mn, increasing 3.1% YoY  Total revenue from core

decrease by 75.88 million Baht or 2.47% compared to same period of 2017) due to the declining in raw water sales volume and net profit attributable to Equity holders of the parent company was 881.03 million

Discussion & Analysis Q2/2022 Operating Highlights in Q4/2021 Q2/21 Q2/22 Change +/(-) 1H/21 1H/22 Change +/(-) (THB million) %YoY %YoY Operating Revenue 137 230 68% 317 428 35% Gross Profit 77 147 91% 183 267

%) (11.46) (0.57%) 100.37 875.83% Total Cost (849.78) (59.46%) (1,119.43) (55.97%) (269.65) 24.09% Gross Profit 579.51 40.55% 880.76 44.03% 301.25 34.20% Selling Expense (256.71) (17.96%) (207.62) (10.38

Leases and TFRS #9 financial instruments have been adopted since 2020, which impacted our net profit leading to a decrease of THB 250 million. Financial summary for 3 months period ended June 2020 and June

quarter 2017 consolidated operating results, the company recorded net profit attributed to equity holders of the company of Baht 36.3 million, or 106.0% increase comparing with 2016’s net profit of the same

1 Forth Smart Service Public Company Limited (FSMART) 3Q2020 Management Discussion and Analysis Operational Summary in 3Q20 (recovered from Covid-19 pandemic)  Net profit was Bt123mn, increasing