Page 103 - 56-1 One Report 2022 EN

Part 1 Business Operation and Operating Performance

health, and promotes social care by providing equal opportunities to access information and connect
with our innovative technology in every area and every situation for a better quality of life.

(3) Thaicom Loves Earth - The Company focuses on its responsibility for reducing its impact on the
environment resulting from its business operation by efficiently and sustainably utilizing resources,
ecosystems, forests, and biodiversity, and sustainably protecting the environment.

Utilization of THCOM’s satellites

At the end of 2022, THCOM operated two conventional satellites, Thaicom 7 and Thaicom 8, which provided
services under telecommunication licenses. The combined utilization rate for both satellites was 53%.

Internet and media business

The revenue from internet and media services mainly comes from Thai Advance Innovation Company Limited (Thai
AI), which are the income from the sale of set-top-boxes and related equipment, including the sale and rental
services for internet platform such as IPTV channels, video streaming, eSport, and LOOX TV.
Telephone business abroad

At the end of 2022, Lao Telecommunications Public Company (LTC) and TPLUS Digital Company Limited (TPLUS)
reported consolidated mobile subscribers of 2.33 million, increasing in comparison with the subscribers at the end of
2021 of 2.01 million.

1. Performance for the 12-month period ended December 31, 2022 compared to the 12-month period ended December
31, 2021

Summary of key financial information
Unit: Baht million Amount Changes
2022 2021 YoY (%)
Revenue from sales of goods and rendering of services 2,927 3,303 -11.4%
Other income 49 74 -33.7%
Net gain (loss) from foreign exchange 120 369 -67.6%
Total Revenue 3,096 3,745 -17.3%

Cost of sales of goods and rendering of services (1,500) (2,349) -36.1%
SG&A expenses (1) (940) (884) 6.4%
Loss on impairment of equipment (259) - n/a
Profit from operating activities 396 512 -22.7%

Profit from operating activities before interest, tax, and 1,210 1,203 0.6%
depreciation and amortization (EBITDA)
(2)
Financial income 166 129 28.9%
Financial costs (122) (155) -21.7%
Reversal of loss on impairment based on Thai Financial 64 13 391.5%
Reporting Standard No.9
Share of profit (loss) of investment in subsidiaries and joint (306) (267) 14.6%
ventures
Profit before income tax expense 199 232 -14.5%

Part 1 Page 89