AIS Mobile Market Strategy 2018

Maintained financial flexibility for future growth (Bt bn) spectrum license AIS Balance Sheet 1H18 Cash flow (Bt bn) Cash increase Cash decrease others A/P 21 31 spectrum license payable Operating Investing Financing Net cash 34.6 104 75 Assets Liabilities goodwill 227 B/S 283 2Q18 interest- 3.4 11.3 4.2 1.7 7.1 10.6 3.1 PPE 132 1.2X 103 bearing debt Equity 56 15 30 others 19 26 8 A/R cash others Net debt to EBITDA 0.5X Current ratio retained earnings 1.8X Interest bearing debt to Equity 64% Return on Equity Operating cash flow Income tax paid CAPEX acquisition JV & Business Finance cost borrowings Repayment of Dividend paid Cash decreased Operating cash flow in 1H18 was sufficient to fund both CAPEX and cash paid to stakeholders. Cash CAPEX continued to decline to Bt11.3bn or 16% to service revenue, following negotiated payment term. Average finance costs = 3.1% p.a. Maintaining investment grade credit ratings • Fitch: national rating AA+ (THA), outlook stable • S&P: BBB+, outlook negative 13

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