(Overseas) Mikka Cafe New Brand Perspectives on Thai economy in 2022 • The Thai economy is expected to recover gradually in 2022. During the first half of the year, slow recovery is expected due to the
(Maintained) CAPEX (exclude spectrum) Bt25-30bn (Maintained) Core service revenue to recover and grow low-single digit Thai economic growth in 2021 is expected to remain vulnerable as the new outbreak of
of economic activities. 3Q20 performance; however, would not fully bounce back to the pre-COVID band due to the Company’s spending on marketing activities to promote goods and services of tenants in
Guidance All guidance is based on Post-TFRS 16 Core service revenue Low single digit growth EBITDA Low-single digit growth CAPEX (exclude spectrum) Bt25-30bn Core service revenue to recover and grow
came mainly from crude oil price rebound in 2018. And even with lower pressure on Glycerin price from growing market supply in the second half of 2018, full year average Glycerin price remained high
compensation from NBTC partially covered revenue loss. After gradual lifting of lockdown in late May-20 and economic activity slowly resumed, there were pent-up demand led to rebound in new acquisition and
operators continued to offer low-price plans and discounts for new acquisitions and to address weak consumption, ARPU slightly rebound to Bt446 or +0.7% QoQ. Mobile Business 1Q21 4Q21 1Q22 %YoY %QoQ
extent of the rebound in consumer confidence and household spending. Throughout 2017, the Bank of Thailand maintained the policy interest rate at 1.50 percent, concurring that economic gains had not been
contraction was -3% vs Q1 2019. This will be much worse in Q2 with a double-digit contraction, and on annualized basis, the IMF forecast for Thailand is now -6.5% in FY 2020 with a bounce back expected in 2021
trend development was more than offset by the continued positive growth sentiment of advertising spending in November and December 2017, driven by the economic rebound in exports, tourism and automotive