network and service. This resulted in overall network OPEX ( excluding cost of TOT partnership) to stay flat YoY or remained at 8% of core service revenue. The focus on effective spending amidst intense

optimize the cost to serve customers while ensuring an effective spending on marketing campaigns. As a result, we expect EBITDA margin (excluding equipment rental) to stay in a range of 45-47%. All

unlimited data for postpaid plan, ARPU continued to decline (Bt242, -1.6% YoY, -4.1% QoQ) while data consumption surged (14.7GB, +29% YoY, +16% QoQ), also elevated by the demand during the lockdown. Demand

unlimited data for postpaid plan, ARPU continued to decline (Bt242, -1.6% YoY, -4.1% QoQ) while data consumption surged (14.7GB, +29% YoY, +16% QoQ), also elevated by the demand during the lockdown. Demand

rates. Income Tax was at Bt1,597mn, increased 3.5%YoY while decreased -8.6% QoQ aligned with profit before financial cost. The effective tax rate was 19.1%. Profit EBITDA in 1Q23 was at Bt22,636mn

mobile market remained elevated with continued low-price unlimited data plans, especially in the prepaid segment i.e. 150-200 Baht for 4-15mbps unlimited data. There is also 5G offerings at a lower price

purchasing power. However, from Sep-21 onward, restrictions were gradually lifted, resulting in some improvement in consumer spending. Meanwhile, competition in mobile industry remained elevated as operators

% YoY mainly from acquisition funding. The average cost of borrowing was 2.9% in FY23. Income Tax was at Bt6,909mn, increasing 12% YoY, following the increase in profit before tax. The effective tax rate

sales compared to the same period of 2018 which has cost of sales 767.27 million baht or 88.70% of sales due to proper product management and effective resulting in reduced cost of sales. - Selling and

proper product management and effective resulting in reduced cost of sales. Yours Sincerely, Mr. Perapol Suwannapasri Managing Director