2Q2014 Analyst Conference
20 Aug 2014 at 10.00 a.m. (Bangkok Time)
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 Financial Highlights

As of December 31, 2013

Unit: Baht million

Key Financial Figures 2013 2012 2011
(restated)
Consolidated Financial Results
Service revenues 1/ 66,291 61,865 56,802
Total revenues 96,214 89,382 71,938
EBITDA 16,385 16,738 17,104
Operating profit (3,343) 1,600 4,074
Results from ongoing operations (13,069) (6,632) (5,399)
Results from ongoing operations before deferred income tax (11,831) (5,354) (3,200)
Net profit (loss) to equity holders of the Company (9,063) (7,428) (2,694)
Consolidated Balance Sheets and Cash Flows
Total assets 2/ 205,852 180,363 150,116
Total liabilities 2/ 201,120 166,359 128,646
Total shareholder's equity 4,732 14,004 21,469
Cash flows from operations 2/ 22,678 7,312 6,757
Free cash flow 3/ (2,946) (19,814) (6,391)
Key Financial and Efficiency Ratios
EBITDA margin (on revenues excl. IC and network rental) 19.7% 21.8% 26.9%
Operating profit margin (on revenue excl. IC and network rental) (4.0%) 2.1% 6.4%
Asset Turnover (times) 0.5 0.5 0.5
EBITDA / Interest coverage ratio (times) 4/ 1.9 2.4 2.4
Net debt / EBITDA (times) 4/ 4.0 5.0 3.9
Per Share Data and Others
Profit (loss) per share (Baht) (0.62) (0.51) (0.23)
Book value per share (Baht) 0.33 0.97 1.48
Share price at year end (Baht) 7.50 5.45 3.14
No. of outstanding shares at year end (million shares) 14,530 14,503 14,503
Market capitalization 108,977 79,042 45,540

Remark:

1/ Revenues from telephone and other services excluding interconnection (IC) revenue and network rental revenue

2/ In 4Q12, True Group changed the presentations of FY2011 financial results (see “Note 3.2: Change in presentation” of the FY2012 financial statements). The reclassification of some items such as “advances to contractors” affected total assets and total liabilities cash flows from operations and cash flows used in

3/ Cash flows from operations less capital expenditure

4/ Excluding liabilities under finance leases