• Decline and make near-zero margin • 45-47% CAPEX • Bt35-38bn Dividend policy • Minimum 70% of net profit Strong mobile data growth continues with improving network perception In 2018 mobile data consumption

Dividend policy • Minimum 70% of net profit Strong mobile data growth continues with improving network perception In 2018 mobile data consumption is expected to continue its robust growth underpinned by

 minimum 70% of net profit Build strong leadership in mobile data In 2016, after acquiring 1800MHz, AIS has quickly built a nationwide 4G network covering 98% population in response to the accelerating

EBITDA margin  increase with near-zero margin  42-44% CAPEX  Bt40-45bn Dividend payout  minimum 70% of net profit Build strong leadership in mobile data In 2016, after acquiring 1800MHz, AIS has

1 1Q21 MD&A Advanced Info Service Plc. Executive Summary Mobile revenue slightly recovered QoQ following strong acquisition and government stimulus In late 4Q20, the new phase of outbreak had re

discontinued while overall data price gradually uplifted. As a result, AIS’s mobile revenue had a strong improvement, growing 5.3% YoY and 4.3% QoQ driven by ARPU increase. The average data usage, currently at

revenue of Bt33,293mn, improving 2.9% YoY and 1.6% QoQ, driven by strong growth in fixed broadband and non- mobile enterprise business together with a recovery of mobile business. Mobile business improved

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, improving 1.1% YoY mainly driven by strong growth of fixed broadband and non-mobile enterprise business. QoQ, core service revenue dropped by -1.9% mainly from lower mobile revenue. Mobile revenue impacted by

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