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Communications

Advanced Info Service Public Co., Ltd.

Company Background

Advanced Info Service is Thailand's largest mobile service provider in subscribers and revenue. It is the core subsidiary of Intouch Holdings, which recently changed its name from Shin Corp., the telecom company established by former Prime Minister Thaksin Shinawatra. Thaksin's sister and former prime minister, Yingluck Shinawatra, was also once chief executive of AIS. The Shinawatras sold their stake in Shin to Singapore's Temasek in 2006. Currently, Intouch Holdings owns around 40% of AIS and Singapore Telecom owns about 23%.

 

AIS lags behind its two smaller rivals, Total Access Communication and True Corp., in establishing next-generation 4G network infrastructure in Thailand. It is the only carrier yet to launch 4G services as its current network does not have sufficient bandwidth. The military government that took power in May 2014 has suspended a planned 4G spectrum auction, citing "transparency" reasons.

 

In an attempt to diversify, AIS plans to launch fixed-line broadband services from 2015 at a cost of 4.6 billion baht. The target is to have 80,000 subscribers within the first year of service.

 

Business Summary

Advanced Info Service Public Co., Ltd. engages in the provision of mobile telecommunication services. It operates through the following segments: Mobile phone services, Mobile phone and equipment sales, and Datanet and Broadband Services. The firm provides domestic mobile, international direct dialing, and international roaming service. The company was founded on April 24, 1986 and is headquartered in Bangkok, Thailand.

Financial Highlights

Dec 2020 THBUSD
Revenue172,890.26M5,524.50M
Gross Profit62,041.94M1,982.47M
Operating income37,733.28M1,205.72M
Income before tax32,596.14M1,041.57M
Net income27,434.36M876.63M
EBITDA89,574.28M2,862.24M
Diluted EPS9.220.29
Dividends Per Share6.920.22
Total Assets350,530.57M11,699.95M
Total liabilities274,841.21M9,173.60M
Total equity75,563.98M2,522.16M
Operating cash flow81,666.94M2,609.57M
Currency in THBCurrency in USD

Historical Data

 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 152,150M 157,721.80M 169,855.84M 180,893.68M 172,890.26M
Gross Profit 69,158M 65,463.16M 66,400.15M 68,994.24M 62,041.94M
Operating income 39,367M 40,359.70M 40,062.84M 41,283.32M 37,733.28M
Income before tax 35,841M 35,915.98M 35,759.61M 37,487.62M 32,596.14M
Net income 30,667M 30,077.31M 29,682.17M 31,189.57M 27,434.36M
EBITDA 61,035M 70,508.70M 73,941.84M 78,512.32M 89,574.28M
Diluted EPS 10.32 10.11 9.98 10.49 9.22
Dividends Per Share 10.08 7.08 7.08 7.34 6.92
Total Assets 275,691M 284,095.35M 290,594.98M 290,117.12M 350,530.57M
Total liabilities 232,983M 233,668.56M 232,926.40M 220,722.95M 274,841.21M
Total equity 42,569M 50,320.35M 57,521.03M 69,266.09M 75,563.98M
Operating cash flow 57,598M 62,250.10M 65,575.48M 73,485.66M 81,666.94M
 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 4,312.57M 4,647.96M 5,254.26M 5,826.86M 5,524.50M
Gross Profit 1,960.22M 1,929.15M 2,053.99M 2,222.40M 1,982.47M
Operating income 1,115.82M 1,189.37M 1,239.29M 1,329.79M 1,205.72M
Income before tax 1,015.88M 1,058.42M 1,106.17M 1,207.53M 1,041.57M
Net income 869.23M 886.35M 918.17M 1,004.66M 876.63M
EBITDA 1,729.98M 2,077.84M 2,287.29M 2,529.00M 2,862.24M
Diluted EPS 0.29 0.29 0.30 0.33 0.29
Dividends Per Share 0.28 0.20 0.21 0.23 0.22
Total Assets 7,698.60M 8,717.25M 8,924.90M 9,685.50M 11,699.95M
Total liabilities 6,505.99M 7,169.94M 7,153.75M 7,368.79M 9,173.60M
Total equity 1,188.72M 1,544.04M 1,766.61M 2,312.43M 2,522.16M
Operating cash flow 1,632.56M 1,834.47M 2,028.48M 2,367.08M 2,609.57M

Valuation Measures

Dec 2020
PER19.07
ROA8.56%
ROE37.88%
Operating margin21.82%
Profit margin15.86%

Key executives

  • Chief Executive Officer & Director: Somchai Lertsutiwong
  • President, Chief Operating Officer & Director: Weng Cheong Hui
  • Chief Financial Officer: Tee Seeumpornroj
  • Chief Consumer Business Officer: Pratthana Leelapanang
  • Chief Audit Executive: Suvimon Kulalert

Shareholders

  • Intouch Holdings Public Co. Ltd. (40.4%)
  • Singapore Telecommunications Ltd. (23.3%)
  • Social Security Office of Thailand (2.6%)
  • GIC Pte Ltd. (Investment Management) (0.7%)
  • TMB Asset Management Co., Ltd. (0.4%)
  • Norges Bank Investment Management (0.2%)
  • Krungsri Asset Management Co., Ltd. (0.2%)
  • JPMorgan Asset Management (Singapore) Ltd. (0.2%)
  • TOBAM SAS (0.1%)
  • APG Asset Management NV (0.1%)

Contact Details

  • Website:http://www.ais.co.th
  • Address: AIS Tower 1, 414 Phaholyothin Road, Samsen Nai, Bangkok, 10400, Thailand
  • Phone: +66.2.029.3145

Related Companies

  • Advanced Broadband Network Co. Ltd.
  • Advanced Internet Revolution Co., Ltd.
  • AIN GlobalComm Co., Ltd.
  • Super Broadband Network Co., Ltd.
  • Advanced Magic Card Co., Ltd.
  • Advanced Wireless Network Co. Ltd.
  • Advanced Contact Center Co., Ltd.
  • Advanced mPAY Co. Ltd.
  • Data Line Thai Co. Ltd.
  • Shin Digital Co Ltd
  • ArcCyber Co. Ltd.

Competitors

  • True Corp. Public Co., Ltd.
  • AddTech Hub Public Co., Ltd.
Last Updated on 29 Jul, 2021

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