Page 104 - 56-1 One Report 2022 EN

Part 1 Business Operation and Operating Performance

Unit: Baht million Amount Changes
2022 2021 YoY (%)
Income tax expense (156) (88) 77.2%

Profit attributable to the owner of the Company (Net 42 144 -70.7%
Profit)
Less: Unrealized gain (loss) on exchange rate of the 36 356 -89.9%
Company
Less: Unrealized gain (loss) on exchange rate of joint (279) (260) 7.3%
ventures
(3)
Less: Extra items (242) - n/a
Core Profit 527 48 995.3%
(4)
Basic earnings per share (Baht) 0.04 0.13 -70.7%

(1) SG&A expenses included selling and administrative expenses and directors and management benefit expenses.
(2) EBITDA excluded gain (loss) on exchange rate and loss on assets impairment.

(3) Extra items included the loss on impairment, and other one-time items for the period.

(4) Core Profit means profit attributable to owners of the Company before unrealized gain (loss) on exchange rate of the Company and
joint ventures and before extra items.

Revenue from sale of goods and rendering of services
The consolidated revenue from sales of goods and services for 2022 was Baht 2,927 million, which represented a
decline of 11.4% compared to Baht 3,303 million in 2021. This decrease was mainly attributed to the reduction in
revenue from satellite and related services, which offset the slight increase in revenue from Internet and media
services.

Revenue from sales of goods and rendering of services 2022 2021 % YoY
Unit: Baht million
Satellite and related services 2,921 3,297 -11.4%
Internet and media services 32 30 6.7%
Consolidation eliminations (26) (24) 8.3%
Total 2,927 3,303 -11.4%

After the expiry of the concession, revenue from satellite and related services comprised of revenue from sales of
goods and rendering of services from Thaicom 7 and Thaicom 8, which are operated under licenses to provide
telecommunication services. Besides, there was revenue from satellite services from part of the bandwidth
purchased on Thaicom 4 and Thaicom 6 satellites from National Telecom Public Company Limited, including
bandwidth purchased from international satellite service providers in order to continue providing seamless service
for both broadcast and broadband.

The revenue from satellite and related services in 2022 amounted to Baht 2,921 million, which represented a
decrease of 11.4% compared to Baht 3,297 million in 2021. This decline was primarily attributed to the decrease in
revenue from domestic broadcast customers, especially government entities, together with the decrease of revenue
from international broadband customers as the Thaicom 4 satellite approaching its end of life.

Part 1 Page 90