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Q1/2011 Results
THAICOM PLC.




               Any questions, please contact THCOM’s IR at +662 596 5072-3
Disclaimer


 This document contains certain forward-looking statements. They
 refer to future events and to the future financial performance of
 the Companies. Forward-looking statements generally can be
 identified by the use of forward-looking terminology such as “may”,
 “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe” or
 “continue”. Although the Companies believe that the expectations
 reflected in such forward-looking statements are reasonable at this
 time, it is not intend to give assurance that such expectations will
 prove to be correct. Given these uncertainties, readers are
 cautioned not to place undue reliance on such forward-looking
 statements.




                                                                        2
Agenda

 1.   Group Financial Highlights

 2.   Business Review

         Satellite

         Telephone

         Internet and Media




                                   3
Group Financial Highlight


 40.3%YoY increase in IPSTAR Service Revenue
 and 2.6%QoQ growth in Telephone Services                                                    EBITDA up 4.8% from last quarter
 Revenue


Revenue breakdown by Business     Q1/2011    Q4/2010    Q1/2010    %QoQ     % YoY     EBITDA breakdown     Q1/2011    Q4/2010    Q1/2010   %QoQ     % YoY
(MTHB)                                                                                (MTHB)
Conventional Satellite Services        562        539       637      4.3%    -11.8%
                                                                                      Satellite                460        445        362     3.4%    27.1%
IPSTAR Services                        487        446       347      9.2%     40.3%

IPSTAR Sales                            92        192       214    -52.1%    -57.0%
                                                                                      Telephone                 67         58        173    15.5%    -61.3%
Telephone Services                     321        313       452      2.6%    -29.0%

Internet and Media Services            108        162       134    -33.3%    -19.4%   Internet and Media         -3         -3         1     0.0%   -400.0%


Total                                1,570      1,652      1,784    -5.0%    -12.0%   EBITDA                   524        500        536     4.8%     -2.2%




                                                                                                                                                       4
Financial Position
              Low Gearing ratio at D/E of 0.60x


            Unit : MBt
                                             Cash, 1,700


                                                              Interest-
                                                            bearing debt,
                                                                8,591

                           Assets*,
                           24,272                               Liabilities*,
                                                                   2,964



                                            Equity,
                                            14,416




                         * Exclude Cash
                         ** Exclude Interest-Bearing Debt




                                                                                5
Business Review




                  6
Conventional Satellite Business
                                                           Conventional Satellite Utilization
 Thaicom Conventional Products contract backlog
 was 274 MUSD.                                                         Thaicom 5
 In Q1 2011 Thaicom Conventional Products secured
                                                      KU                                              93%
 18 new and renewal transponder leasing contracts
 and video broadcasting service contracts
                                                      C                                                 98%
 As end of Q1 2011, there were 374 TV channels
 broadcast via the Thaicom satellites                         Total Capacity (TP): C Band = 25, Ku Band = 14



                                                              TP Percentage by usage
  400                                         374
                                      358
  350
                 304         314
         293
  300
                                                                                    Telecom,
  250                                                                                 25%

  200                                                                Broadcast,
                                                                        75%
        1Q/10    2Q/10      3Q/10     4Q/10   1Q/11

                         TV Channel


                                                                                                               7
Australia NBN Co project


                                                  –   The Australia National Broadband
                                                      Network project was signed on May
                                                      4th, 2011, between NBNCo and IPA.
                                                  –   With the contractual period 5 years,
                                                      an option to extend, the contractual
                                                      value for IPA will be ~ 100 mAUD.
                                                  –   Collaborating with the industrial
                                                      leaders such as Optus and Gilat, IPA
                                                      will be the supplier of raw Bandwidth
                                                      for the project.



 –   The NBN project is designed to enable high-speed broadband to be delivered to all
     Australian households and businesses through a combination of fiber to the premise,
     wireless and satellite. NBN Co is operating a wholesale-only, open-access network, and
     making its wholesale services available to retail service providers on non-discriminatory
     terms.

                                                                                                 8
Recovery of Mobile Communication Network in Japan

• After the 11th March Tsunami aftermath of Great Tohoku-Kanto Earthquake
• Thaicom supported cell-phone carriers in Japan to recover the mobile communication
  networks in the affected areas by providing 10 IPSTAR user terminals and 60 satellite
  antennas.
• Installed VoIP enabled notebook computer connected via Thaicom 4 in Wakabayashi-
  ward, Sendai City to provide free IP phone service to the residents




                                                           Source: Photo Courtesy of Softbank
                                                                                                9
School Net and Mobile Network in Thailand

                                       Corporate Social Responsibility
                                       School Net:

                                       • The IPSTAR project successfully serves more than
                                         20,000 schools out of the 38,455 schools in Thailand.
                                       • One of four students in rural Thailand (approx. 3.5
                                         million) now have access to internet broadband and e-
                                         learning via satellite.
                                       • More than 50 percent of School net deployment are in
                                         the north eastern region of Thailand.

                                       Southern Flood Relief:
                                       • Thaicom provided the IPSTAR network via the
                                         Thaicom 4 satellite to aid Advanced Info Service Public
                                         Company Limited (AIS) in recovery of critical mobile
                                         phone networks in flood affected area, ensuring critical
                                         communication links are always available.
                                       • Thaicom provided 20 satellite Terminals to 20 districts
                                         in Southern of Thailand, which helped 120,000 peoples
                                         within the mobile phone network.



                School Net Locations
                                                                                              10
IPSTAR (THAICOM 4) BW utilization as of Q1’2011
Current BW utilization Q1’2011                                     BW utilization included NBN project

                                                                                                    Total BW Sold
                                                                                                    included NBN
                                    Total BW Sold
                                                                                                        project
                                    End of Mar'11
                                                                                                        19.28%
                                       15.90%




                                                                                   Total Capacity
            Total Capacity                                                            80.72%
               84.10%




                                  Billable BW Capacity as % of Total Capacity


The NBN project will provide an increase in utilization capacity averaging at 1.2Gbps
over the 5 year contractual period.

 [Data based on BW billable YTD as of Q1’2011]
                                                                                                                    11
Update of Major Markets
•   India
     –   Current utilization and capacity 1005 Mbps
     –   Main usage is Mobile Backhaul
     –   More than 7,000 user terminal deployed



•   Japan
     –   Bulk lease contract signed with major Telco (> 2 Gbps or 70% of Japan’s capacity)
     –   Backup GW contract has been signed on Jan 07’2011
     –   Currently most usage are for Femtocell backhaul, low UT sales but high bandwidth
         consumption
     –   TC offered free contribution of the satellite equipment to support SBM amount 200
         UT
     –   The disaster caused by earthquake and tsunami had also affected
         telecommunications in the affected areas. Softbank requested to increase the
         capacity in beam 402 to full capacity



                                                                                             12
Update of Major Markets
•   China
     –   IPSTAR became one of the standardized product for CT and has been
         commercialized through China Telecom branches nationwide
     –   Our business strategy will focus on CDMA backhaul expansion for China Telecom and
         other Telco, mass vertical projects for government, and enterprise users through
         China Telecom branches
     –   IPSTAR for CDMA backhaul solution is now being used in
           • Hainan
           • Xinjiang
           • Qinghai
     –    IPSTAR for Femtocell is being tested in Beijing, Inner-Mongolia, Xinjiang, Fujian and
         Guangdong




                                                                                              13
Telephone Business

                       LTC                             Total Telephone subscribers

 The mobile phone industry in Lao PDR have more                           16.8% growth
  competition, however, LTC ended its market share                             YoY
  at the first largest with services subscriber 1.63
  million subscriber combined mobile and fixed,
  increased by 22.9% from Q1/2010.
 LTC has total BTSs at 1,287 BTSs at the end of
  Q1/2011.
 Market growth by 29%YoY to reach about 3.4
  million subscriber at end of Q1/2011
 LTC declared the USD 15 million dividend for the
  2010 performance.


                     Mfone

 Despite high competition in the market, Mfone
  regain its subscriber to end with 5% growth in
  number of subscriber compare to the same period
  last year.




                                                                                          14
Internet and Media Business
                                                                  Total eye ball on DTV-Thaicom-Ku platform
•The  total number of DTV satellite television dish
sets roll out as of the end of Q1/2011 was 1,000,961      1,400,000

increase 51.3% from Q1/2010.                              1,200,000
                                                                            DTV
                                                                                                          1,101,716 1,157,921
                                                                            Partners
                                                                                              1,003,983
                                                          1,000,000
                                                                                  876,668
•In term of eye ball on DTV-Thaicom-Ku platform,                      815,613
                                                           800,000
total satellite receivers roll out as of ending Q1/2011                                                    945,164   1,000,961
                                                           600,000
was 1,157,921.
                                                                                               847,883
                                                                       661,765     721,365
                                                           400,000

•Currently,there are 80 TV and radio channels              200,000
                                                                       153,848     155,303     156,100     156,552   156,960
broadcasted through DTV in Thailand.                             0
                                                                        1Q10           2Q10     3Q10        4Q10       1Q11




              DTV-TV & Radio Channels




                                                                                                                                 15

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1Q Results Thaicom

  • 1. Q1/2011 Results THAICOM PLC. Any questions, please contact THCOM’s IR at +662 596 5072-3
  • 2. Disclaimer This document contains certain forward-looking statements. They refer to future events and to the future financial performance of the Companies. Forward-looking statements generally can be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe” or “continue”. Although the Companies believe that the expectations reflected in such forward-looking statements are reasonable at this time, it is not intend to give assurance that such expectations will prove to be correct. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. 2
  • 3. Agenda 1. Group Financial Highlights 2. Business Review  Satellite  Telephone  Internet and Media 3
  • 4. Group Financial Highlight 40.3%YoY increase in IPSTAR Service Revenue and 2.6%QoQ growth in Telephone Services EBITDA up 4.8% from last quarter Revenue Revenue breakdown by Business Q1/2011 Q4/2010 Q1/2010 %QoQ % YoY EBITDA breakdown Q1/2011 Q4/2010 Q1/2010 %QoQ % YoY (MTHB) (MTHB) Conventional Satellite Services 562 539 637 4.3% -11.8% Satellite 460 445 362 3.4% 27.1% IPSTAR Services 487 446 347 9.2% 40.3% IPSTAR Sales 92 192 214 -52.1% -57.0% Telephone 67 58 173 15.5% -61.3% Telephone Services 321 313 452 2.6% -29.0% Internet and Media Services 108 162 134 -33.3% -19.4% Internet and Media -3 -3 1 0.0% -400.0% Total 1,570 1,652 1,784 -5.0% -12.0% EBITDA 524 500 536 4.8% -2.2% 4
  • 5. Financial Position Low Gearing ratio at D/E of 0.60x Unit : MBt Cash, 1,700 Interest- bearing debt, 8,591 Assets*, 24,272 Liabilities*, 2,964 Equity, 14,416 * Exclude Cash ** Exclude Interest-Bearing Debt 5
  • 7. Conventional Satellite Business Conventional Satellite Utilization  Thaicom Conventional Products contract backlog was 274 MUSD. Thaicom 5  In Q1 2011 Thaicom Conventional Products secured KU 93% 18 new and renewal transponder leasing contracts and video broadcasting service contracts C 98%  As end of Q1 2011, there were 374 TV channels broadcast via the Thaicom satellites Total Capacity (TP): C Band = 25, Ku Band = 14 TP Percentage by usage 400 374 358 350 304 314 293 300 Telecom, 250 25% 200 Broadcast, 75% 1Q/10 2Q/10 3Q/10 4Q/10 1Q/11 TV Channel 7
  • 8. Australia NBN Co project – The Australia National Broadband Network project was signed on May 4th, 2011, between NBNCo and IPA. – With the contractual period 5 years, an option to extend, the contractual value for IPA will be ~ 100 mAUD. – Collaborating with the industrial leaders such as Optus and Gilat, IPA will be the supplier of raw Bandwidth for the project. – The NBN project is designed to enable high-speed broadband to be delivered to all Australian households and businesses through a combination of fiber to the premise, wireless and satellite. NBN Co is operating a wholesale-only, open-access network, and making its wholesale services available to retail service providers on non-discriminatory terms. 8
  • 9. Recovery of Mobile Communication Network in Japan • After the 11th March Tsunami aftermath of Great Tohoku-Kanto Earthquake • Thaicom supported cell-phone carriers in Japan to recover the mobile communication networks in the affected areas by providing 10 IPSTAR user terminals and 60 satellite antennas. • Installed VoIP enabled notebook computer connected via Thaicom 4 in Wakabayashi- ward, Sendai City to provide free IP phone service to the residents Source: Photo Courtesy of Softbank 9
  • 10. School Net and Mobile Network in Thailand Corporate Social Responsibility School Net: • The IPSTAR project successfully serves more than 20,000 schools out of the 38,455 schools in Thailand. • One of four students in rural Thailand (approx. 3.5 million) now have access to internet broadband and e- learning via satellite. • More than 50 percent of School net deployment are in the north eastern region of Thailand. Southern Flood Relief: • Thaicom provided the IPSTAR network via the Thaicom 4 satellite to aid Advanced Info Service Public Company Limited (AIS) in recovery of critical mobile phone networks in flood affected area, ensuring critical communication links are always available. • Thaicom provided 20 satellite Terminals to 20 districts in Southern of Thailand, which helped 120,000 peoples within the mobile phone network. School Net Locations 10
  • 11. IPSTAR (THAICOM 4) BW utilization as of Q1’2011 Current BW utilization Q1’2011 BW utilization included NBN project Total BW Sold included NBN Total BW Sold project End of Mar'11 19.28% 15.90% Total Capacity Total Capacity 80.72% 84.10% Billable BW Capacity as % of Total Capacity The NBN project will provide an increase in utilization capacity averaging at 1.2Gbps over the 5 year contractual period. [Data based on BW billable YTD as of Q1’2011] 11
  • 12. Update of Major Markets • India – Current utilization and capacity 1005 Mbps – Main usage is Mobile Backhaul – More than 7,000 user terminal deployed • Japan – Bulk lease contract signed with major Telco (> 2 Gbps or 70% of Japan’s capacity) – Backup GW contract has been signed on Jan 07’2011 – Currently most usage are for Femtocell backhaul, low UT sales but high bandwidth consumption – TC offered free contribution of the satellite equipment to support SBM amount 200 UT – The disaster caused by earthquake and tsunami had also affected telecommunications in the affected areas. Softbank requested to increase the capacity in beam 402 to full capacity 12
  • 13. Update of Major Markets • China – IPSTAR became one of the standardized product for CT and has been commercialized through China Telecom branches nationwide – Our business strategy will focus on CDMA backhaul expansion for China Telecom and other Telco, mass vertical projects for government, and enterprise users through China Telecom branches – IPSTAR for CDMA backhaul solution is now being used in • Hainan • Xinjiang • Qinghai – IPSTAR for Femtocell is being tested in Beijing, Inner-Mongolia, Xinjiang, Fujian and Guangdong 13
  • 14. Telephone Business LTC Total Telephone subscribers  The mobile phone industry in Lao PDR have more 16.8% growth competition, however, LTC ended its market share YoY at the first largest with services subscriber 1.63 million subscriber combined mobile and fixed, increased by 22.9% from Q1/2010.  LTC has total BTSs at 1,287 BTSs at the end of Q1/2011.  Market growth by 29%YoY to reach about 3.4 million subscriber at end of Q1/2011  LTC declared the USD 15 million dividend for the 2010 performance. Mfone  Despite high competition in the market, Mfone regain its subscriber to end with 5% growth in number of subscriber compare to the same period last year. 14
  • 15. Internet and Media Business Total eye ball on DTV-Thaicom-Ku platform •The total number of DTV satellite television dish sets roll out as of the end of Q1/2011 was 1,000,961 1,400,000 increase 51.3% from Q1/2010. 1,200,000 DTV 1,101,716 1,157,921 Partners 1,003,983 1,000,000 876,668 •In term of eye ball on DTV-Thaicom-Ku platform, 815,613 800,000 total satellite receivers roll out as of ending Q1/2011 945,164 1,000,961 600,000 was 1,157,921. 847,883 661,765 721,365 400,000 •Currently,there are 80 TV and radio channels 200,000 153,848 155,303 156,100 156,552 156,960 broadcasted through DTV in Thailand. 0 1Q10 2Q10 3Q10 4Q10 1Q11 DTV-TV & Radio Channels 15