Advanced Info Service Public Co., Ltd. · SET:ADVANC
Advanced Info Service Public — FY2025 Earnings Presentation
37 slides from Advanced Info Service Public's earnings presentation, Feb 3, 2026
Slide 1: FY25 Financial Result
— AIS FY25 FINANCIAL RESULT - Advanced Info Service Plc. DISCLAIMER: Please be informed that this meeting is being recorded. By participating in this meeting, you have allowed AIS to collect, use, or ‘meeting by any means. Please do not copy, edit, or modify any content shared during this meeting fo
Slide 2: Business Highlights
Slide 3: FY25 resilience performance from quality and value offerings
Als FY25 resilience performance from quality and value offerings oO Resilient connectivity demand supported by high quality & secure services amid economic recovery Mobile growth momentum with rising data consumption and 5G upselling FBB delivered solid growth with subscriber expansion and value- fo
Slide 4: FY25 outperformed on connectivity demand and operational strength
a AIS FY25 outperformed on connectivity demand and operational strength Core Service Revenue Sale Revenue EBITDA Net Profit & (Bt bn) (Bt bn) (Bt bn) Norm. Profit (Bt bn) 15% Yov rm +37% YoY im) 7 +15% 8.6% YoY P_*6.7% YoY +4 r © - 78.6% YoY Norm. Profit 162.4 173.3 #8200 ov R d 38.1 43.7 113.5 123.
Slide 5: FY25 Performance exceed guidance from strong operational
Als FY25 Performance exceed guidance from strong operational Core service Around 4- 6% revenue EBITDA Around 4 - 6% (excite NR spectrum) - nD Growth 6.7% Growth 8.6% Bt 26 bn Exceeded guidance due to resilience performance driven by connectivity demand across mobile, FBB, and enterprise. This is sup
Slide 6: FY25: Performance fueled by revenue growth & profitability focus
Als FY25: Performance fueled by revenue growth & profitability focus Total revenue (Bt mn) vorery 5.8% 9.6% 11% 11% 15% -30% 5.9% i == | Core service revenue 6.7% YoY 28 Mobile FBR Enterprise Otherservice Sales. «== ICANT. F25 Total non-mabile partnership Total Revenue Revenue NPAT & Norm profit (Bt
Slide 7: 4Q25: Solid performance aligned with strong revenue expansion
Als 4Q25: Solid performance aligned with strong revenue expansion Total revenue (Bt mn) (%YoyY) 7.3% 9.2% 24% -22% 19% -69% 5.0% 2,323 696 46 __ ial MB 59,507 56736 (138) (2,301) Core service revenue 7.0% YoY Total revenue (Bt bn) 5.0% YoY 59.5 9.5% Q0Q ay 54.4 4024 3Q25, 4q25 Total Revenue increase
Slide 8: AIS: Empowering lives and businesses towards exceptional experiences
AIS: Empowering lives and businesses towards exceptional experiences Core service revenue Sales revenue 77% of Total revenue Mobile Fixed Broadband __ Enterprise non-mobile Digital Services Retail Als! PE, 00 19% to total revenue AIS5G Enhanced retail experience Value-driven High-quality subs Connec
Slide 9: Business Performance
Slide 10: Mobile: Sustaining growth with 5G upselling and flagship contents
° Mobile: AIS ee ° ° ° Sustaining growth with 5G upselling and flagship contents Mobile revenue (Bt bn) Total subscriber (mn) Mobile ARPU (Bt/sub/m 7.3% YoY 5.8% YoY 3.7% QoQ, 45.8 45.7 46.0 46.3 46.8 123g 130.9 443 440 a2 440 441 32.7 32.5 32.7 32.8 33.1 5.5% YoY 233 234 240 34.0 ae a2 2.5% Q0Q Ble
Slide 11: Home Broadband: Momentum gain with subscriber expansion
Home Broadband: Momentum gain with subscriber expansion and value focused offerings Maintained strong revenue growth momentum Resilience sub gain despite unforeseen disruptions 51%* 9.6% YoY 5.14 5.20 5.24 5.07 10% 9.0% 10% 5.01 32,255 29,441 7,602 7,828 7,940 8,189 8,298 | ii 4024 1025 2025 3Q25 4Q
Slide 12: Delivering exceptional experience with superior network quality
AIS Delivering exceptional experience with superior network quality Robust 5G adoption with ARPU accretion 5G network coverage Broadband coverage Over 95% \ J en 17.9 inh saver Nationwide r ubscribers in Population >) coverage 77 20 mn #é provinces Household >99% coverage all 10-15% 5G ARPU uplift Z
Slide 13: Enterprise: Digital integrated connectivity driven growth
Enterprise: Digital integrated connectivity driven growth Revenue growth driven by EDS & Cloud Strong demand in connectivity & digital solutions 21% 17% 14% 22% nag Enterprise Data service Cloud, Data center -———S$A—__” a (EDs) Cybersecurity, [OT & ICT solutions 7,045 7,829 2,076 14971 1,988 32% 32%
Slide 14: Retail Sales: Growing by enhanced retail experience & telco strengths
Retail Sales: Growing by enhanced retail experience & telco strengths Sales growth with new product launches Margin uplift from optimized sales & channel mix 26% 15% —_ 5.5% 6.8% 8.7% 19% 3.0% Sales margin (%) 13,672 43,708 11,486 11,204 38,076 9,880 nem 6.0% 9 i lL 4.3% 4.5% 5.0% EL 4a24 1025 2025
Slide 15: Entertainment: Enhancing value and brand proposition
Entertainment: SAIS Enhancing value & brand proposition through strategic partnerships Grow content subs by leveraging the telco subscriber base Personalized package offerings tailored to specific demand. Leverage customer base PLOY ShortMax S Watch UNLIMITED vertical series and enjoy non-stop Pasen
Slide 16: Strategic investment: Scaling beyond telco through strategic partnerships
— Strategic investment: SAIS Scaling beyond telco through strategic partnerships CLOUD & DC as a Growth engine Digital Finance —- Virtual Banking Als 50% /GULF | 50% | Timeline l 19 Jun 25 ORACLE | G-AIS | Obtained the approval Cloud Infrastructure for the establishment Cloud Aggregator \ 4 8 August
Slide 17: Driving Long-term Sustainable Business Operation
Driving Long-term | = Sustainable Business ~~. Operation = >; :
Slide 18: Key Endorsements of Leading Sustainability Practices
K\ Key Endorsements of Leading Sustainability Practices Rated AA by MSCI and AAA by SET, with scores well above peers Global Level National Level ESG RATINGS (a SE I SET© [eec| B | BB | BBB, A [RYH aaa] |ESG Ratings PLE 2025 MSCI ESG Ratings Assessment 2025 SET ESG Ratings Assessment AA Rating AAA R
Slide 19: Thriving in a Greener and Inclusive Digital World
Als THRIVING IN A GREENER AND INCLUSIVE DIGITAL WORLD Drive Digital Economy Promote Digital Inclusion Act on Climate Enable people and businesses to grow Build inclusive and responsible digital Shape a greener future of life for in the digital economy access in our products & services consumers and
Slide 20: 2025 Sustainability Highlights
2025 SUSTAINABILITY HIGHLIGHTS DRIVE DIGITAL ECONOMY PROMOTE DIGITAL INCLUSION ACT ON CLIMATE Digital Product & Services | Emission 4.8% of revenue generated from Improving the socio-economic Reducing GHG emission +. @ new digital service Condition 3.64 M People by 49,620 tCO,e U Cybersec & Data Pri
Slide 21: Sustainability Development Highlight FY25: Drive Digital Economy
SUSTAINABILITY DEVELOPMENT HIGHLIGHT FY25: DRIVE DIGITAL ECONOMY Digital Products and Services Cyber Security and Customer Privacy Protection Management Approach Management Approach + Intelligent Network Evolution - Enhance network performance - Advance Autonomous Networks + [Transformation - Integr
Slide 22: Sustainability Development Highlight FY25: Promote Digital Inclusion
SUSTAINABILITY DEVELOPMENT HIGHLIGHT FY25: PROMOTE DIGITAL INCLUSION Social Inclusion Management Approach * Expansion of Telecommunications Networks Expanding advanced networks nationwide Supporting Public Access & Affordable Digital Devices - Affordable, fit-for-purpose devices/offerings and target
Slide 23: Sustainability Development Highlight FY25: Act on Climate
SUSTAINABILITY DEVELOPMENT HIGHLIGHT FY25: Als ACT ON CLIMATE Climate Action Waste Management | Management Approach Renewable Energy Utilization Management Approach * Climate Governance, Climate Steering Committee and Taskforce * Green Procurement * Climate Strategy, Climate Adaptation, Climate Miti
Slide 24: Capital Return and Guidance
| Xoqicolarel(=mie)s Capital Return and.— Guidance’ -
Slide 25: Sustained and Growing Normal Shareholder Return
IS Sustained and Growing Normal Shareholder Return Ordinary dividend remains priority aligning with earning growth 90% 93% Dividend eo payout ratio (%) Total Annual Dividend 6.92 7.69 Second half 4.24 First half 9 88% 88% 85% 0 maa -O 15.30 5 10.61 +44% One-time special i" YoY dividend paid 8.61 8.4
Slide 26: Discipline Capital Management to Unlock Shareholder Value
AIS Discipline Capital Management to Unlock Shareholder Value - Resilient growth and visible cash flow across Solid Growth Profile & diversified business engines Visible cash flow - Investment to sustain leadership and build digital foundations for long-term growth and competitiveness - Prudent leve
Slide 27: Rationale for Special Dividend under Capital management Framework
AIS Rationale for Special Dividend under Capital management Framework Strong cash flow generation from business growth after committed mid-term investments Operating Cash Flow after Lease, Tax & Interest Annual Investment for growth Free Cash Flow after Investments Approx. 100bn & growing Approx. >5
Slide 28: FY26 Guidance: Quality Growth and Strong Foundation for the Long Term
AIS FY26 Guidance: Quality Growth and Strong Foundation for the Long Term Pp iitem | FY26Guidance | Rationale Core service Around 3 - 5% revenue EBITDA Around 2 - 4% CAPEX Approx (exclude aa spectrum) Bt30 - 35bn Focusing on quality growth and an exceptional user experience Revenue expansion with su
Slide 29: < QO Zz LL * Qa. . a. <x
< QO Zz LL * Qa. . a. <x
Slide 30: Financial impact from the recent 2100MHz Auction
Financial impact from the recent 2100MHz Auction: AIS Income statement Summary of accounting impact from 2100 MHz National Telecom contract expiry and 2100 MHz auction FY25 2100MHz FY26 Estimate impact spectrum arrangement with NT* from 2100MHz spectrum auction Income statement (Bt bn) Core service
Slide 31: Financial impact from the recent 2100MHz Auction
Financial impact from the recent 2100MHz Auction “ Spectrum Amortization & Deferred Interest Impact to Profit & Loss statement Impact to Cash flow statement *Assuming interest rate around 3% (Bt bn) (Bt bn) 12 12 44 1.0 At 0.9 0.9 0.9 Us 06 3.7 3.7 0.5 on os | 50% 25% 25% FY25 FY26 FY27 FY28 FY29 FY
Slide 32: Debt Repayment and License Payment Schedule
Debt Repayment and License Payment Schedule Debt Repayment Schedule (Bt bn) 20.6 16.0 15.7 9.6 9.8 8.1 06 06 6.0 7.0 1 d 3.0 3.0 EEG om 6.0 Mars o1 EX 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 @ Debenture mloan Als (as of ending FY25) Float rate ‘ao Average interest rate 2.77% All currency:
Slide 33: Financial Highlights
Financial Highlights Als Bt mn 4Q24 3Q25 4025 YoY QoQ FY24 FY25, Mobile revenue 31,726 32,837 34,048 7.3% 3.7% 123,803 130,926 5.8% FBB revenue 7,602 8,189 8,298 9.2% 1.3% 29,441 32,255 9.6% Enterprise revenue 1,942 2,076 1,988 2.3% 4.3% 7,045 7,829 11% Other service revenues 628 488 491 -22% 0.5% 2
Slide 34: 4Q25 Revenue Breakdown
4Q25 Revenue Breakdown Mobile Revenue (Bt bn) 7.3% YoY 34.0 3.7% Q0Q 32.8 317 | a 4Q24 3Q25 4Q25 * Growth YoY underpinned by ARPU uplift from quality subscriber acquisition, 5G upselling, and * Growth QoQ from seasonal rebound in tourist arrivals. IC and NT Partnership (Bala) 69% YoY 3.4 -42% QoQ 1.
Slide 35: 4Q25 Cost and Expense Breakdown
4Q25 Cost and Expense Breakdown Regulatory (Bt bn) 24% YoY 1.8 1.8 15 a 5.0% QoQ 4024 3Q25 4Q25 * Increased YoY and QoQ in-line with core service revenue growth. « The regulatory fee as a percentage of core service revenue was at 4.0%. Marketing expense (Bt bn) 1.7 17 15 -5.1% YoY Dal _ 4024 3Q25 40
Slide 36: Healthy balance sheet and cash flow to support investment
Als Healthy balance sheet and cash flow to support investment Balance Sheet (Bt bn) spectrum license payable others AIP. right of use D EE iabintics interest-bearing debt spectrum license BIS 4Q25 lease liability Equity ERE 82 others retained earings AR cash others (4025 ratios) 0.6x 1.7x 0.9x Net d
Slide 37: Line Official
Line Official AIS-IR IR website: https://investor.ais.co.th Email: investor@ais.co.th Sustainability website: https://sustainability.ais.co.th Email: AlSSustainability@ais.co.th inology such as “may”, “will”, “expect”, “anticipate”, “intend”, “estimate”, “continue” “plan” or other similar words. - T
Advanced Info Service Public Company — FY2025 Earnings Presentation on 6ix