| Unit: million Baht | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 * | 1Q20 ** |
|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 126,437 | 145,649 | 150,578 | 149,329 | 155,276 | 152,150 | 157,722 | 169,856 | 180,894 | 42,845 |
| Total cost | 76,220 | 88,050 | 88,936 | 83,548 | 84,819 | 82,992 | 92,259 | 103,456 | 139,640 | 33,092 |
| EBITDA | 56,622 | 61,437 | 63,691 | 66,427 | 70,776 | 60,741 | 70,498 | 73,792 | 78,710 | 22,777 |
| Operating profit | 46,920 | 50,366 | 39,382 | 40,385 | 40,105 | 41,254 | 9,815 | |||
| Net profit | 22,218 | 34,884 | 36,274 | 36,033 | 39,152 | 30,667 | 30,077 | 29,682 | 31,190 | 6,756 |
| Total asset | 86,672 | 100,968 | 112,026 | 126,351 | 181,761 | 275,670 | 284,067 | 290,505 | 289,669 | 374,715 |
| Total liabilities | 47,209 | 57,426 | 66,133 | 79,486 | 133,268 | 232,962 | 233,641 | 232,836 | 220,275 | 309,944 |
| Total equity | 39,464 | 43,542 | 45,893 | 46,865 | 48,493 | 42,708 | 50,427 | 57,669 | 69,394 | 64,772 |
| Operating cash flow | 58,417 | 62,242 | 60,553 | 72,174 | 69,924 | 71,538 | 71,061 | 75,894 | 83,394 | 23,059 |
| CAPEX | 5,707 | 9,598 | 28,460 | 32,562 | 32,255 | 47,554 | 41,108 | 20,198 | 23,029 | 5,896 |
| Effective tax rate | ||||||||||
| Earnings before Tax | 36,709 | 45,613 | 46,237 | 46,082 | 49,154 | 35,864 | 35,921 | 35,637 | 37,402 | 8,091 |
| Reported Taxes | 14,364 | 10,714 | 10,007 | 10,079 | 9,999 | 5,175 | 5,843 | 5,923 | 6,209 | 1,335 |
| Reported Tax Rate | 39% | 24% | 22% | 22% | 20% | 14% | 16% | 17% | 17% | 16% |
| Cash Taxes Paid | 10,201 | 11,109 | 9,224 | 9,353 | 8,294 | 9,902 | 5,533 | 6,763 | 6,721 | 469 |
| Cash Tax Rate | 28% | 24% | 20% | 20% | 17% | 28% | 15% | 19% | 18% | 6% |
| Growth of revenue and profit (YoY) | YoY growth | |||||||||
| Service revenue growth | 11.4% | 14.8% | 3.7% | 1.2% | 2.2% | 1.60% | 4.9% | 3.8% | 5.7% | 0.9% |
| Total revenue growth | 13.6% | 15.2% | 3.4% | -0.8% | 4.0% | -2.00% | 3.7% | 7.7% | 8.3% | -1.0% |
| EBITDA growth | 9.0% | 9.0% | 4.0% | 4.0% | 6.5% | -14.00% | 16% | 4.7% | 5.6% | 21.0%** |
| Net profit growth | 8.0% | 57.0% | 4.0% | -1.0% | 8.5% | -22.00% | -1.9% | -1.3% | 2.7% | -11.0%** |
| Financial ratios | ||||||||||
| EBITDA margin | 45.0% | 42.0% | 42.0% | 44.0% | 45.6% | 39.90% | 44.7% | 43.4% | 43.5% | 53.2% |
| Net profit margin | 18.0% | 24.0% | 24.0% | 24.0% | 25.2% | 20.20% | 19.1% | 17.5% | 17.2% | 15.8% |
| EPS (Baht/share) | 7.47 | 11.73 | 12.20 | 12.12 | 13.17 | 10.31 | 10.12 | 9.98 | 10.49 | 2.27 |
| DPS (Baht/share) | 8.43 | 10.90 | 12.15 | 12.00 | 12.99 | 10.08 | 7.08 | 7.08 | 7.34 | - |
| Current ratio (x) | 1.12 | 1.05 | 0.77 | 0.88 | 0.66 | 0.46 | 0.5 | 0.5 | 0.45 | 0.44 |
| Net debt to EBITDA (x) | 0.01 | Net cash | 0.15 | 0.29 | 0.70 | 1.38 | 1.4 | 1.3 | 0.92 | 0.8 |
| Debt to equity (x) | 0.56 | 0.47 | 0.54 | 0.79 | 1.32 | 2.3 | 2.2 | 1.9 | 1.36 | 1.0 |
| Interest coverage (x) | 24 | 45 | 50 | 34 | 30 | 14 | 13 | 12 | 13.3 | 13.7 |
| ROA | 31% | 37% | 34% | 31% | 25% | 13% | 10% | 10% | 11% | 8% |
| ROE | 67% | 84% | 82% | 79% | 82% | 67% | 65% | 55% | 49% | 42% |
| Breakdown revenue by country | ||||||||||
| Thailand | 149,329 | 155,276 | 152,150 | 157,722 | 169,856 | 180,894 | 42,845 | |||
| Other countries | - | - | - | - | - | - | - | - | - | - |
| Total Revenue | 149,329 | 155,276 | 152,150 | 157,722 | 169,856 | 180,894 | 42,845 | |||
| % Breakdown revenue by country | ||||||||||
| Thailand | 100% | 100% | 100% | 100% | 100% | 100% | 100% | |||
| Other countries | - | - | - | - | - | - | - | - | - | - |
| Total | 100% | 100% | 100% | 100% | 100% | 100% | 100% |
* Post-TFRS 15
** Post-TFRS 16
Glossary
| Subscriber | Number of registered SIM at ending period whose status is not defined as churn |
| Postpaid churn | Subscribers whose payment status is overdue more than 45 days from due date |
| Prepaid churn | Subscribers who do not refill to extend their validity within 45 days or subscribers who are inactive more than 90 days |
| Net additions | Change of number of subscribers from beginning period to ending period |
| ARPU excl. IC | Consolidated service revenue excluding inbound international roaming and interconnect revenues divided by average of subscriber at the beginning and ending period |
| ARPU incl.IC | Consolidated service revenue excluding inbound international roaming but including net interconnect revenues divided by average of subscriber at the beginning and ending period |
| MOU | Number of billed outgoing minutes generated from voice call including international call usage divided by average subscriber |
| Churn rate | Number of subscriber disconnections in the period divided by the sum of gross new subscribers in the period and the subscribers at the beginning period |
| Non-voice (data) | Services apart from voice i.e. mobile data, contents, messaging and other non-voice services |
| EBITDA margin | EBITDA / Total Revenues |
| ROE | Net Income / Average Equity Between Beginning and Ending Period |
| Interest Coverage | EBIT / Interest Expense |
| DSCR | EBITDA * (1 - Tax Rate) / (One Year Debt and Interest Payment) |
| Net Debt / EBITDA | (Interest Bearing Debt - Cash) / EBITDA |
| Net Debt / Equity | (Interest Bearing Debt - Cash) / Ending Equity |
| Interest-bearing Debt to Equity | Interest Bearing Debt / Ending Equity |
| Total Liabilities to Equity | Ending Total Liabilities / Ending Equity |
| Free Cash Flow (FCF) | Net Cash Flow From Operating Activities - CAPEX |
| Free Cash Flow Yield | Free Cash Flow / (Market Capitalization + Net Debt) |