Advanced Info Service Public Co., Ltd. · SET:ADVANC
Advanced Info Service Public — Q1 2026 Earnings Presentation
37 slides from Advanced Info Service Public's earnings presentation, May 7, 2026
Slide 1: 1Q26 Financial Result
1Q26 FINANCIAL RESULT Advanced Info Service Plc. AIS 5G- ADVANCED DISCLAIMER: The SEA’s First 5G-ADVANCED Network Please be informed that this meeting is being recorded. By participating in this meeting, you have allowed AIS to collect, use, or disclose any personal data shared during this meeting b
Slide 2: Business Highlights
| = BUSINESS HIGHLIGHTS oe
Slide 3: 1Q26 resilience growth from connectivity demand amid uncertainty
1Q26 resilience growth from connectivity demand amid uncertainty Sustained momentum with Mobile growth with FBB solid growth with connectivity & digital higher data usage, subscriber expansion and adoption amid closely upselling, and continued value-accretive offerings monitored outlook focus on qua
Slide 4: 1Q26 beat driven by continued momentum with cautious outlook on sentiment
1Q26 beat driven by continued momentum with cautious outlook on sentiment Core Service Revenue Sale Revenue EBITDA Net Profit & (Bt bn) (Bt bn) (Bt bn) Norm. Profit (Bt bn) +7.0% YoY 9.6% YoY +7.1% YoY +28% YoY 41.9 44.8 30.1 32.2 11.2 12.3 10.6 13.5 1Q25 1Q26 1Q25 1Q26 1Q25 1Q26 1Q25 1Q26 +3-5% YoY
Slide 5: FY26 Guidance maintained: Growth with quality and discipline
FY26 Guidance maintained: Growth with quality and discipline Item FY26 Guidance 1Q26 Rationale Focusing on quality growth and an exceptional user experience Revenue expansion with sustained connectivity demand, ARPU uplift, and value-added digital services Core across all customer segments; service
Slide 6: 1Q26: Profit growth from revenue expansion with operational efficiency
1Q26: Profit growth from revenue expansion with operational efficiency Total revenue (Bt mn) EBITDA (Bt mn) NPAT (Bt mn) (%YoY) 7.6% 8.7% 1.7% -28% 9.6% -66% 3.4% (%YoY) 3.4% -4.3% 11% 7.1% (%YoY) 7.1% -8.7% 11% 28% 1,077 683 32 2,394 (189) 58,197 1,887 894 32,194 (2,111) 30,051 56,311 (638) 2,143 1
Slide 7: AIS: Empowering lives and businesses towards exceptional experiences
AIS: Empowering lives and businesses towards exceptional experiences Core service revenue Sales revenue 79% of Total revenue 21% of Total revenue Mobile Fixed Broadband Enterprise non-mobile Digital Services Retail 76% 19% 4.1% 21% to core service to core service to total revenue to core service rev
Slide 8: Business Performance
BUSINESS PERFORMANCE
Slide 9: Mobile: Growing through higher data consumption and digital service expansion
Mobile: Growing through higher data consumption and digital service expansion Mobile revenue (Bt bn) Total subscriber (mn) Mobile ARPU (Bt/sub/month) 7.3% YoY Flat QoQ 45.7 46.0 46.3 46.8 46.9 439 441 440 441 436 34.0 34.0 32.5 32.7 32.8 33.1 33.1 32.8 228 233 234 240 238 4.2% YoY 32.3 31.6 -0.9% Qo
Slide 10: AIS 5G-Advanced
AIS 5G- ADVANCED 2X Faster 1.5X Faster The SEA’s First 5G-ADVANCED Network Upload Speed Download Speed 2600 MHz 2100 MHz 700 MHz https://www.ais.th/en/about-us/network-technology/5g-for-consumer/superior-trusted-network
Slide 11: Home Broadband: Momentum gain with subscriber expansion and value-accretive strategy
Home Broadband: Momentum gain with subscriber expansion and value-accretive strategy Maintained strong revenue growth momentum Resilience sub gain from household connectivity demand 10% 9.0% 10% 9.2% 8.7% 5.20 5.24 5.31 5.07 5.14 8.7% YoY 7,940 8,189 8,298 8,511 68 68 7,828 2.6% QoQ 60 63 38 1Q25 2Q
Slide 12: Delivering exceptional experience with superior network quality
Delivering exceptional experience with superior network quality Robust 5G adoption with ARPU accretion 5G network coverage Broadband coverage Over 95% 18.5 mn +46% YoY Nationwide 5G Subscribers in 1Q26 Population coverage 20 mn 77 Household provinces >99% coverage 10-15% BKK 5G ARPU uplift Improved
Slide 13: Enterprise: Momentum softened amid cautious IT spending
Enterprise: Momentum softened amid cautious IT spending Revenue growth driven by enterprise connectivity services Growth continues in EDS, a key enabler of enterprise digital adoption 21% Enterprise Data service Cloud, Data center 14% 15% (EDS) Cybersecurity, IOT & ICT solutions 4.0% 1.7% 2,098 29%
Slide 14: Retail: Growth driven by flagship demand and enhanced customer experience
Retail: Growth driven by flagship demand and enhanced customer experience Sales growth driven by iPhone17 demand and Samsung launches Margin uplift from improved product mix 26% 19% 6.8% 8.7% 9.6% Sales margin (%) 13,672 12,282 11,204 9,880 8,951 5.0% 5.7% 5.9% 4.3% 4.5% 1Q25 2Q25 3Q25 4Q25 1Q26 1Q2
Slide 15: Entertainment: Enhancing value & brand proposition through strategic partnerships
Entertainment: Enhancing value & brand proposition through strategic partnerships Grow content subs by leveraging the telco subscriber base Expanded into micro-drama Leverage customer base Mobile Broadband 46.9 mn 5.3 mn subscribers subscribers Over 52 mn telco-subscribers • Expand content penetrati
Slide 16: Strategic investment: Scaling beyond telco through strategic partnerships
Strategic investment: Scaling beyond telco through strategic partnerships DATA CENTER CLOUD DIGITAL FINANCE 40% 35% 25% 50% Cloud Aggregator 50% G-AIS GSA01 GSA02 39% 25.6MW 38.1MW 41% G-AIS Portfolio Ready Ready 1H27 20% 70% 30% GEDC GEDC01 ~ 100MW Start commercialization Ready 2H27 Within FY26 25
Slide 17: Appendix
x< a = LL * oa a <
Slide 18: Financial impact from the recent 2100MHz Auction: Income statement
Financial impact from the recent 2100MHz Auction: Income statement Summary of accounting impact from 2100 MHz National Telecom contract expiry and 2100 MHz auction FY25 2100MHz FY26 Estimate impact Income statement (Bt bn) spectrum arrangement with NT* from 2100MHz spectrum auction Core service reve
Slide 19: 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) 1.2 1.2 1.1 1.0 7.4* 0.2 0.2 0.2 0.9 0.9 0.9 0.1 - - - 3.7 3.7 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.6
Slide 20: Debt Repayment and License Payment Schedule
Debt Repayment and License Payment Schedule Debt Repayment Schedule (Bt bn) Debt Composition (as of ending 1Q26) Loan Float rate 27.0 11% 8% 0.6 18.7 16.0 15.7 9.6 3.5 9.8 12.5 All currency: Average 5.0 3.9 26.4 interest rate 0.6 0.6 6.0 7.0 Thai Baht 15.2 11.0 11.8 3.0 3.0 12.5 2.6% 9.2 9.0 6.0 7.0
Slide 21: Financial Highlights
Financial Highlights Bt mn 1Q25* 4Q25* 1Q26 %YoY %QoQ Mobile revenue 31,611 34,016 34,005 7.6% Flat Fixed broadband revenue 7,828 8,298 8,511 8.7% 2.6% Enterprise revenue 1,821 2,020 1,853 1.7% -8.2% Other service revenues 668 491 479 -28% -2.3% Core service revenue 41,929 44,825 44,849 7.0% 0.1% IC
Slide 22: 1Q26 Revenue Breakdown
1Q26 Revenue Breakdown Mobile Revenue Fixed Broadband Revenue Enterprise (non-mobile) Revenue (Bt bn) (Bt bn) (Bt bn) 7.6% YoY 8.7% YoY 34.0 34.0 8.5 2.0 Flat QoQ 8.3 2.6% QoQ 1.7% YoY 7.8 1.8 1.9 31.6 -8.2% QoQ 1Q25 4Q25 1Q26 1Q25 4Q25 1Q26 1Q25 4Q25 1Q26 • Growth YoY by ARPU uplift from quality •
Slide 23: 1Q26 Cost and Expense Breakdown
1Q26 Cost and Expense Breakdown Regulatory Depreciation & Amortization Network OPEX and NT partnership (Bt bn) (Bt bn) (Bt bn) -0.1% YoY 14.4 13.6 -9.0% YoY -40% YoY 1.6 1.8 1.6 13.1 -12% QoQ -3.5% QoQ 5.8 -14% QoQ 4.0 3.5 1Q25 4Q25 1Q26 1Q25 4Q25 1Q26 1Q25 4Q25 1Q26 • Decreased YoY and QoQ due to o
Slide 24: Healthy balance sheet and cash flow to support investment
Healthy balance sheet and cash flow to support investment Balance Sheet 1Q26 Cash Flow (Bt bn) (Bt bn) Cash increase Cash decrease spectrum license Operating Investing Financing Net cash others A/P payable 42.7 31.2 31.4 right of use 74 45 41 78 -0.4 -4.7 -1.0 -1.9 -3.6 130 interest-bearing debt -5.
Slide 25: Sustained and Growing Normal Shareholder Return
Sustained and Growing Normal Shareholder Return Ordinary dividend remains priority aligning with earning growth 90% 95% 85% 88% 88% Dividend 75% payout ratio (%) 15.30 +44% One-time special 10.61 YoY dividend paid Total Annual 8.61 8.41 Dividend 6.92 7.69 7.69 19 from retained 5.74 4.24 4.24 4.61 ea
Slide 26: Driving Long-term Sustainable Business Operation
Driving Long-term Sustainable Business Operation
Slide 27: Key Endorsements of Leading Sustainability Practices
Key Endorsements of Leading Sustainability Practices Rated AA by MSCI and AAA by SET, with scores well above peers Global Level National Level 2025 MSCI ESG Ratings Assessment 2025 SET ESG Ratings Assessment AA Rating AAA Rating Reflects the Company’s effective ESG risk (The highest rating) manageme
Slide 28: Thriving in a Greener and Inclusive Digital World
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 soci
Slide 29: 2025 Sustainability Highlights
2025 SUSTAINABILITY HIGHLIGHTS DRIVE DIGITAL ECONOMY PROMOTE DIGITAL INCLUSION ACT ON CLIMATE Digital Product & Services Social inclusion 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 tCO2e Cybersec &
Slide 30: Sustainability Highlights: AI Literacy Learning Platform
Sustainability Highlights: AI Literacy Learning Platform AIS launched the “AI Literacy” course under its “Aunjai Cyber” program, offering free access via Thai MOOC and Aunjai CYBER platforms. Developed by AI experts to build nationwide digital capability and resilience. • Enhances AI capability and
Slide 31: Sustainability Highlights: 5G-Enabled Mobile Stroke Unit (MSU) for Healthcare Support
Sustainability Highlights: 5G-Enabled Mobile Stroke Unit (MSU) for Healthcare Support AIS, in collaboration with the NBTC, supported the healthcare system by providing 5G connectivity and SIM solutions for Mobile Stroke Units (MSU) at Siriraj Hospital and Somdet Phra Yuparaj Hospitals. The initiativ
Slide 32: Sustainability Highlights: Cyber Safety Initiative
Sustainability Highlights: Cyber Safety Initiative AIS, in collaboration with the Child and Youth Media Institute (CYMI), signed a memorandum of understanding on Safer Internet Day 2026 to promote digital well-being and cyber safety. The initiative focuses on strengthening collaboration across secto
Slide 33: Sustainability Development Highlight FY25: Drive Digital Economy
SUSTAINABILITY DEVELOPMENT HIGHLIGHT FY25: DRIVE DIGITAL ECONOMY Digital Products and Services Cyber Security and Customer Privacy Protection Human Resource Management Management Approach Management Approach Management Approach • Intelligent Network Evolution • Strategic Workforce & Career Planning
Slide 34: Sustainability Development Highlight FY25: Promote Digital Inclusion
SUSTAINABILITY DEVELOPMENT HIGHLIGHT FY25: PROMOTE DIGITAL INCLUSION Social Inclusion Digital Wellness Management Approach Management Approach • Expansion of Telecommunications Networks • Digital Intelligence & Skills Development - Expanding advanced networks nationwide - Focus on digital literacy,
Slide 35: Sustainability Development Highlight FY25: Act on Climate
SUSTAINABILITY DEVELOPMENT HIGHLIGHT FY25: 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 Mitigation
Slide 36: An Affirmation of Our Determination Towards Sustainable Business
An Affirmation of Our Determination Towards Sustainable Business Sustainability Performance Ranking Awards Reflecting Operational Performance Global Level Human Resource Disclosure Standards Global Reporting Initiative In 2025, AIS received a rating of AA in the 3 Global Awards from HR Asia 2025 Out
Slide 37: Line Official AIS-IR
Line Official AIS-IR IR website: https://investor.ais.co.th Email: investor@ais.co.th Sustainability website: https://sustainability.ais.co.th Email: AISSustainability@ais.co.th Some statements made in this material are forward-looking statements with the relevant assumptions, which are subject to v
Advanced Info Service Public Company — Q1 2026 Earnings Presentation on 6ix