Advanced Info Service Public Co., Ltd. · SET:ADVANC
Advanced Info Service Public — Q1 2025 Earnings Presentation
23 slides from Advanced Info Service Public's earnings presentation, May 20, 2025
Slide 1: Thailand Telecom Industry 1Q25
Thailand Telecom Industry 1Q25 1
Slide 2: Thai telecom industry as of 1Q25
Thai telecom industry as of 1Q25 Average mobile ARPU* 143% 94 million 221 Mobile Penetration Rate Subscriber Baht/sub/month Average FBB ARPU** 37% 10.8 million 520 Broadband Penetration Rate Broadband Subscriber Baht/sub/month Technology available Coverage Limited 2G, 3G >200bn Mainstream 4G >95% /
Slide 3: Telecom Industry Value Chain
Telecom Industry Value Chain Mobile Device Supplier End User Equipment Supplier Telecom Service Provider Retail and Service Consumer Channel Households Content and Service provider Software Supplier Enterprise Regulated By 3
Slide 4: Key Player of Thai telecom industry as of 1Q25
Key Player of Thai telecom industry as of 1Q25 Mobile Mobile Mobile Broadband Broadband Broadband Services VDO service VDO service VDO service Cloud & ICT Cloud & ICT Cloud & ICT Mobile Subscriber & 45.7 mn 48.8 mn - 48.4% 51.6% Market share FBB Subscriber & 5.07 mn 3.8 mn - Market share 47.1% 35.1%
Slide 5: Mobile Industry
Mobile Industry
Slide 6: Thai mobile industry
Thai mobile industry Characteristics Revenue market share As of 3M25 mobile penetration was at 143% of Thailand’s total population. The postpaid segment continuously grew and gained the share from pre- paid segment. Postpaid customers currently represents 30% of industry TRUE 51% Bt 64 bn 49% subscr
Slide 7: Thailand Mobile Industry's subscriber base
Thailand Mobile Industry’s subscriber base Total subs (million) 92 96 92 93 96 95 95 95 94 91 90 91 83 82 76 69 65 67 67 67 67 66 83 73 70 70 81 68 68 74 22 24 26 29 28 28 28 28 13 14 18 20 8 9 11 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 3M25 7
Slide 8: Market share breakdown by operators
Market share breakdown by operators Share by revenue (%) 49% 50% 50% 51% 50% 48% 47% 47% 47% 46% 46% 49% 48% 49% 49% Competitor 1 14% 14% 15% 17% 19% 24% 26% 28% 29% 31% 31% 51% 52% 51% 51% Competitor 2 37% 35% 35% 33% 31% 28% 26% 25% 24% 23% 23% 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 202
Slide 9: Broadband Industry
Broadband Industry
Slide 10: Thailand Broadband Industry's subscriber base
Thailand Broadband Industry’s subscriber base Total subs (million) 42% 45% 45% 39% 32% 35% 38% 36% 37% 19% 21% 24% 23% 25% 29% Characteristics 12.4 12.6 11.5 11.3 As of 3M25, the industry fixed broadband subscribers 10.6 10.8 was 10.8 million subscribers. The penetration rate from 10.1 total househo
Slide 11: Subscriber Market share breakdown by operators
Subscriber Market share breakdown by operators Share by subscriber (%) 1% 4% 6% 8% 10% 12% 14% 16% 31% 32% 33% 33% 21% 41% 32% 20% 18% 47% 47% 31% Competitor 38% 37% 29% 38% 37% 38% 38% 38% 33% 38% 35% 35% 37% Other 31% 29% 31% 29% 24% 22% 22% 26% 21% 18% 18% 2014 2015 2016 2017 2018 2019 2020 2021*
Slide 12: APPENDIX
APPENDIX
Slide 13: Key milestones of Thai telecom
Key milestones of Thai telecom 1990 BTO contract • Telecommunications services in Thailand were provided exclusively through two state enterprises, i.e. TOT and CAT. The TOT’s primary responsibility was to provide domestic telephone service while the CAT focused on international services. • The priv
Slide 14: Key milestones of Thai telecom
Key milestones of Thai telecom 2004 NTC • The first independent regulator, the National Telecommunication Committee (NTC), was formed and consisted of 7 members. 2007 Interconnect • NTC established interconnection regulation. The three ion charge operators i.e. AIS, DTAC and TRUE signed IC contracts
Slide 15: Key milestones of Thai telecom
Key milestones of Thai telecom 2010 NBTC • The new law of “Frequency Allocation Act B.E.2553 (A.D.2010) ” was (license base) enacted in December 2010. The law stipulated the new regulators called the national broadcasting and telecommunication commission (NBTC) to regulate the telecom and broadcasti
Slide 16: Key milestones of Thai telecom
Key milestones of Thai telecom 2016 Draft of new • The cabinet proposed a draft of new Frequency Allocation Act in April Frequency for the National Legislative Assembly to consider. Allocation • The amendment is to support national policy and plan on Digital Economy. Act Expected key changes • Numbe
Slide 17: Key milestones of Thai telecom
Key milestones of Thai telecom 2019 700MHz • The NBTC allocated spectrum of 700MHz to 3 main operators with a allocation 2x10MHz license each, which are expected to be allocated from January 2021. 2020 5G auction • In February, The NBTC held the 5G spectrum auction, including 700MHz, 2600MHz and 26G
Slide 18: Key milestones of Thai telecom
Key milestones of Thai telecom 2022 3BB • In July, AIS announced entering a transaction to acquire 3BB, the Acquisition second largest fixed broadband operator in Thailand, with 19% stake announcement of JASIF, the OFC infrastructure fund under JAS. The purpose of this transaction to scale up Fixed
Slide 19: Key milestones of Thai telecom
Key milestones of Thai telecom 3Q24 Intouch-Gulf • In Jul-24, Intouch Holdings Public Company Limited (major announced the shareholder of AIS) and Gulf Energy Development Public Company amalgamation Limited (Major shareholder of Intouch) announced the consolidation of their companies to restructure
Slide 20: Spectrum allocation
Spectrum allocation Spectrum Bandwidth Scheme Expiry Spectrum Bandwidth Scheme Expiry 26GHz 1200MHz (TDD) License from NBTC 2036 26GHz License from NBTC 2035 1000MHz (TDD) 2.6GHz 100MHz (TDD) License from NBTC 2035 2.6GHz 90MHz (TDD) License from NBTC 2035 2.1GHz 2x15MHz License from NBTC 2027 2.3GH
Slide 21: Telecom Licenses
Telecom Licenses Type 2 Type 2 Type 1 Type 3 Without Network With Network Network Usage Without network Without network With network With network • Providing service: • Providing service: • Providing service: - to the general public; - only to some specific groups of - only to some specific groups o
Slide 22: Regulatory fee structure
Regulatory fee structure Type 3 License fee* Annual license fee 1.5% of revenue USO Fee** 2.5% of revenue after deductible items Total license fee 4.0% *Type 3 license is categorized by NBTC as facility-base (require investment in network infrastructure e.g. fixed-line, mobile, IDD). The other two t
Slide 23: IR website and contact details
IR website: https://investor.ais.co.th Email: investor@ais.co.th Tel: +662 029 5000 Sustainability website: https://sustainability.ais.co.th Email: AISSustainability@ais.co.th Tel: +662 029 5000
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