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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 2021 THBUSD
Revenue181,332.88M5,663.77M
Gross Profit59,879.69M1,870.29M
Operating income38,033.75M1,187.95M
Income before tax33,034.74M1,031.81M
Net income26,922.14M840.89M
EBITDA91,407.75M2,855.04M
Diluted EPS9.050.28
Dividends Per Share7.690.24
Total Assets356,683.74M10,677.55M
Total liabilities274,859.22M8,228.08M
Total equity81,698.75M2,445.70M
Operating cash flow82,647.66M2,581.42M
Currency in THBCurrency in USD

Historical Data

 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 157,721.80M 169,855.84M 180,893.68M 172,890.26M 181,332.88M
Gross Profit 65,463.16M 66,400.15M 68,994.24M 62,041.94M 59,879.69M
Operating income 40,359.70M 40,062.84M 41,283.32M 37,733.28M 38,033.75M
Income before tax 35,915.98M 35,759.61M 37,487.62M 32,596.14M 33,034.74M
Net income 30,077.31M 29,682.17M 31,189.57M 27,434.36M 26,922.14M
EBITDA 70,508.70M 73,941.84M 78,512.32M 89,574.28M 91,407.75M
Diluted EPS 10.11 9.98 10.49 9.22 9.05
Dividends Per Share 7.08 7.08 7.34 6.92 7.69
Total Assets 284,095.35M 290,594.98M 290,117.12M 350,530.57M 356,683.74M
Total liabilities 233,668.56M 232,926.40M 220,722.95M 274,841.21M 274,859.22M
Total equity 50,320.35M 57,521.03M 69,266.09M 75,563.98M 81,698.75M
Operating cash flow 62,250.10M 65,575.48M 73,485.66M 81,666.94M 82,647.66M
 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 4,647.96M 5,254.26M 5,826.86M 5,524.50M 5,663.77M
Gross Profit 1,929.15M 2,053.99M 2,222.40M 1,982.47M 1,870.29M
Operating income 1,189.37M 1,239.29M 1,329.79M 1,205.72M 1,187.95M
Income before tax 1,058.42M 1,106.17M 1,207.53M 1,041.57M 1,031.81M
Net income 886.35M 918.17M 1,004.66M 876.63M 840.89M
EBITDA 2,077.84M 2,287.29M 2,529.00M 2,862.24M 2,855.04M
Diluted EPS 0.29 0.30 0.33 0.29 0.28
Dividends Per Share 0.20 0.21 0.23 0.22 0.24
Total Assets 8,717.25M 8,924.90M 9,685.50M 11,699.95M 10,677.55M
Total liabilities 7,169.94M 7,153.75M 7,368.79M 9,173.60M 8,228.08M
Total equity 1,544.04M 1,766.61M 2,312.43M 2,522.16M 2,445.70M
Operating cash flow 1,834.47M 2,028.48M 2,367.08M 2,609.57M 2,581.42M

Valuation Measures

Dec 2021
PER25.40
ROA7.61%
ROE34.23%
Operating margin20.97%
Profit margin14.84%

Key executives

  • Chief Executive Officer & Executive Director: Somchai Lertsutiwong
  • Chief Operating Officer: Seow Eng Goh
  • Chief Financial Officer: Tee Seeumpornroj
  • Chief Technology Officer: Kriengsak Wanichnatee
  • Chief Information Officer: Sanjay Andrew Thomas

Shareholders

  • Intouch Holdings Public Co. Ltd. (40.4%)
  • Singapore Telecommunications Ltd. (23.3%)
  • Social Security Office of Thailand (3.3%)
  • GIC Pte Ltd. (Investment Management) (1.1%)
  • Krungsri Asset Management Co., Ltd. (0.4%)
  • Norges Bank Investment Management (0.4%)
  • TMB Asset Management Co., Ltd. (0.3%)
  • APG Asset Management NV (0.2%)
  • JPMorgan Asset Management (Singapore) Ltd. (0.1%)
  • Sjunde AP-fonden (0.0%)

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

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Competitors

  • True Corp. Public Co., Ltd.
  • Thaicom Public Co. Ltd.
Last Updated on 11 Aug, 2022

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