to remain fragile as overall purchasing power has not yet recovered, and household debt remains at a high level. The operating result of the Company in this quarter is still in line with the plan
retraction of economic activities and consumer spending. The consumer sentiment remains fragile as the country waits for vaccination against the new variant. Despite of such economic weakness, we delivered
prices for most agricultural products remain low, resulting in a fragile recovery in consumption. This has also been effected by the reduction of spending stimulus measures by the government compared to
discipline since 3Q22 by removing the freebies in the entry- level package while taking cautious steps to uplift the ARPU. However, the fragile cost-concern environment, especially for price-sensitive segments
decrease in retained earnings. Cash flow For 9M21, cash flow from operation (after tax) was Bt64,699mn increasing +9.2%YoY on the back of EBITDA expansion. The investment to expand 5G/4G and fixed broadband
1.9% 6,302 1.8% Total Liabilities 274,397 77% 267,116 76% Retained earnings 57,103 16% 57,109 16% Others 24,722 6.9% 25,292 7.2% Total Equity 81,825 23% 82,402 24% Key Financial Ratio 2Q21 1Q22 2Q22
% Retained earnings 57,103 16% 52,880 15% Others 24,722 6.9% 25,333 7.3% Total Equity 81,825 23% 78,214 23% Key Financial Ratio 3Q21 2Q22 3Q22 Interest-bearing debt to equity (times) 1.2 1.1 1.2 Net debt to
liabilities 40,597 11% 34,606 10% Spectrum payable 61,416 17% 51,762 15% Other 6,819 1.9% 6,321 1.8% Total Liabilities 274,397 77% 267,156 77% Retained earnings 57,103 16% 52,880 15% Others 24,722 6.9% 25,333