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MESSAGE FROM

THE CHIEF EXECUTIVE OFFICER

Dear Shareholders,

In 2022, Thaicom has embarked on a transformational journey to set the path for sustainable growth. Rather
than being constrained to the role of a satellite operator, we have strategically repositioned ourselves as a
regional space tech company because we see business significant opportunities in the growth of the New
Space Economy domain.

Besides, we are confident in our ability to leverage content with innovative broadcast solutions to
our expertise in satellite and space technology and benefit its customers.
deep understanding of the Asia Pacific markets to
innovate and develop a wide range of products and Apart from continuing to invest and grow our core
services that help broaden market opportunities GEO satellite business, Thaicom has also placed
while meeting a variety of demands. As a result, focus on the LEO satellite ecosystem. We signed a
Thaicom delivered strong financial performance in partnership agreement with Globalstar, a global
2022. Our core profit was Baht 527 million, up LEO satellite operator and provider of satellite IoT
995% from 2021. Despite the decrease in revenue solutions, to provide infrastructure as well as
from satellite and related services following the distribution of products and services in Thailand.
decrease in Thai broadcast customers, the cost of The partnership began with the development of
services also decreased because of the structural LEO satellite-based tracking solutions that will
change in operating costs after the concession improve the safety of water tourists in Phuket. We
ended, which resulted in a significant increase in are also establishing the ground infrastructure at
core profit. Therefore, the Board of Directors our teleport in Pathum Thani to serve as a gateway
approved to declare a dividend of Baht 0.50 per for the Globalstar’s LEO satellite constellation.
share for shareholders in 2022.
In 2022, Thaicom has strengthened its position as a
Last year saw Thaicom sign key strategic leader in space-tech, leveraging space and satellite
partnerships both in Thailand and internationally technology to provide services via earth
that will create the foundation of our growth observation platforms, expanding new market
engine. To support the growth of our core satellite opportunities in utilizing space-based data to
business, we partnered with NXT Digital Limited analyze information on resources and the
(NDL), a unit of Hinduja Group, to provide the environment. We signed a strategic partnership
Broadband-over-Satellite and related services to with the Thai General Insurance Association (TGIA)
rural and underserved regions facing connectivity to use remote sensing satellite technology with
challenges in India. For the broadcast business, we artificial intelligence (AI) to analyze data for crop
also collaborated with Amazon Web Services, Inc. insurance, helping advance the insurance industry
(AWS), an Amazon.com company, to deploy and the agricultural sector in the country.
Thaicom’s first cloud-based satellite TV broadcast Furthermore, we increased the potential of space
distribution platform. Partnering with the world’s data technology by collaborating with Orbital
leading cloud provider, Thaicom can deliver digital Insight, a US-based leading global geospatial

THAICOM PUBLIC COMPANY LIMITED