Half Year 2014

19th August 2014

Stock Exchange of Thailand

190

320287

399

498

Q2'13 Q3'13 Q4'13 Q1'14 Q2'14

Strong Growth in Consolidated Net Profit

Consolidated Results :MTHB

162% growth compared with Q2’13

Generate profit for 12 quarters in a row.

Fully recognized cost of interim satellite

2

Agenda

3

• Key Highlights

• Broadcast Landscape in Thailand

• Financial Highlights

• Moving Forward

Key Highlights of Half Year 2014

Continued positive financial performance• Consolidated net profit of Q2’14 grew 162% YoY.

THAICOM 8 breakthrough• NBTC awarded a license @78.5E for THAICOM 8; expect to launch in 1H’16

Additional revenue from Conventional • Commercialized services to support Digital Terrestrial TV (DTT)

• For MUX operators (TV5 and MCOT) since Mar’14• For Must Carry channels (26 C & 26 Ku) since Apr’14

• Number of satellite TV channels @78.5E increased from 641 channels in 2013 to 677 channels (116 HD channels) in 1H’14

End-to-End solutions• Signed service agreement with Nok Air for In-flight Connectivity solution in

Mar; expected to start the service in Q3’14• Launched a 2nd Screen App “MCONNECT” for MCOT in May’14

4

Broadcast Landscape

in Thailand

5

200+

Broadcast Landscape in Thailand

400+

190+

600+

70+

Satellite TV Situation after NCPO

~20 ~20

400+

22 May 3 Jun 31 Jul

Active Channels

Suspended Channels

Terminated Channels

Satellite TV channels resume broadcasting after being suspended:

Thai chs SD, 472

Thai chs HD, 110

Foreign chsSD , 89

Foreign chsHD, 6

1H14

677 chs

Satellite TV channels on THAICOM @78.5E

6

Broadcast Landscape in ThailandC

apac

ity

for

Gro

wth

Coverage NationwideNo Coverage

Low

High

Satellite TV Positioning

1 year 2 yearsCoverage

Capacity

for

Growth

Content

Key Success Factors

7

Financial Highlights

8

3,567

1,465

706

1,758

521

4,824

1,976

1,099

2,398

897

Revenues GP EBIT EBITDA NET PROFIT

1H13 1H14

Top & Bottom lines grew significantly

Key Financial Highlights (Consolidated.) :MTHB

↑72%YoY

↑35%YoY

Consolidated revenue grew significantly from the demand on more satellite capacity, especially for TC6, including broadband revenue from China, Japan and Australia

Net Profit increased 72% YoY since revenue increased considerably whereas SG&A increased only 8% due to well managed costs.

9

1,594

2,235

1H13 1H14

26%

Half Year 2014: Strong revenue growth led

by conventional satellite at 47% YoY

Satellite Revenues MTHB

Satellite EBITDA increase 40% YoYConventional revenue boost up from TC6

1H13 1H14

47%

4,261

3,129

36%

Broadband

Conventional

51%

49%

47%

53%

Satellite EBITDA MTHB

40%

Satellite EBITDA Margin

53%

54%

10

D/E Ratio at 0.59x 1

Financial position remains strong

1H14 results of strong cash from

operationUnit: MTHB

Assets 2

24,208

Liabilities 3

3,748

Interest

bearing debt

9,448

Equity

16,004 Consolidated CF 1H13* 1H14

CF from Operating 1,962 2,549

CF from Investing (794) (2,829)

CF from Financing (368) 459

Cash Ending 2,880 2,330

Cash 4

4,992

* Restated

1. Interest-bearing Debt / Equity

2. Exclude Cash and Current Investment

3. Exclude Interest-Bearing Debt

4. Include current investments from Synertone shares and B/E, total of 2,662 MTHB.

11

Moving Forward

12

Broadcast Service:To support HD & Ultra HD broadcasting

Higher Broadcast Resolution

SD HD 4K 8K

Source : Value Partners

Projected pay DTH channels in ThailandHD channels to grow 45% CAGR, 2012-2020and 8% CAGR, 2020-2035Unit: channels

HD channels to replace all SD channels by 2030

138

650

957

136

223

352

217

54

2035

9570

2025

866

2015

490

2013

277

2012

160

24

HDSD

> 100TPEs

358 416 442567 561

011 23

74 116

0100200300400500600700800

2010 2011 2012 2013 1H14

SD channel HD channel

HD

57%

Number of Satellite TV channels on Thaicom @78.5E

Source : Thaicom PLC

Lower TV/IRD costs

More households

More channels

More demand for satellite bandwidth

13

Broadcast Service:To support HD & Ultra HD broadcasting

FIFA 2014 World Cup (Jun-Jul):

3 matches , which include the final, were

covered in 4K

French Open (May-Jun): 1st 4K transmissions over

DTT network

Channel 4K (Jun):Japan launched the world’s first regular

4K television service, via JSAT

Sony has also partnered with FIFA

to produce the official World Cup film in 4K

Sony transmitted 2 World Cup games,

including final, in 4Kvia a Eutelsat satellite

to a Vue multiplex theater in London NHK broadcasted 9

World Cup games in 8K to 4 cities in Japan

& 3 locations in Rio de janeiro

4K Cable TV (Apr):Korean cable operator

UMAX launched the world’s first 4K

broadcasting services

DTH

DTH platform…to dominate UHD deployment

14

Broadband Service:To support exponential growth in broadband services

Enterprise Data

Broadband Access

Source: NSR

More Data Consumption

Mobility Services:

Business Continuity & Resiliency

More subscribers & consumption

More backhaul/offloading

Mobility requirements

Business continuity concerns

More demand for satellite bandwidth

15

Source: Euroconsult, 2014

Convergence Value Added Service:

Euroconsult’s 2013 Figures:

59 airlines (3,000+ commercial

aircrafts) provide IFC through satellite or Air-to-Ground (ATG) networks

IFC services generated around

$440 million in revenue from

airline passengers

48

%Germany’s 1-0 victory over Argentina in the World Cup final was watched in

real-time by 40,000airline passengers

To expand our In-flight Connectivity business

16

Our first commercialized end-to-end 2nd Screen solution, MConnect for MCOT

Major Hollywood Studios Kantana Digital Distribution

Transponder & Uplink Services

Operation & Maintenance

Hardware & Site Installation

First to provide Digital Cinema Package (DCP) delivery, an end-to-end digital distribution of

Hollywood movies to cinemas, in Asia-Pacific; expected the service to start in Q4’14

Convergence Value Added Service:To expand our end-to-end Content Delivery Network solutions

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Appendix

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Monetize DTV platform with Pay-TV service

• Collaboration with True Visions to add True Visions’

content package as a Top-Up service over DTV’s customer

base (service starts Q3/2014)

Moving Forward

Expand DTV Platform customer base

• Create collaboration with content partners to expand more

to C-Band market

• Speed up HD Box deployment with new low cost HD-Box

• Continue to find additional partnerships with other

platforms to share common channels and strengthen

DTV’s platform

Key Highlights : DTV

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Key Highlights : Lao Telecom• Owned through Shenington Investments Pte., (49%)

• #1 position in market share

• Continuing revenue growth from increased voice and

data usage, with improved ARPU

• Service coverage and improved signal strength for 2G &

3G network was completed

• Second company in SE Asia to provide 4G service

Going Forward

• Continued focus on dealer network to ensure quality of

service and improved distribution

• Strengthen brand perception and recognition through

segment strategies

• Focus on provincial communities to protect our market

and regain subscribers

• Focus on value added service with enriched data content

and applications

• Improve network infrastructure and blind spot areas

• Customer-centric: enhance customer experience

Lao Mobile Market SHAREAs of June 2014

UNITEL

ETLBEELINE

# 1. LTC

43.66%

3.18 mil.

Subscribers

20

TFRIC 12 Public-to-private service concession agreements

Only the satellite and equipment which are operated under operating

agreement and under construction progress must comply to TFRIC 12What must comply

YES

CONSOLIDATED

Q2'13 Q2'14

EBITDA margin after TFRIC 12 49% 54%

EBITDA margin before TFRIC 12 53% 54%

Net profit margin after TFRIC 12 10% 20%

Net profit margin before TFRIC 12 11% 20%

Impact to P/L NO IMPACT

NO IMPACT

Impact to Ratio

Impact to B/S

21