November 11, 2010

Samart GroupSamart GroupQ3-2010

Audited Results

WATCHAI VILAILUCK

PRESIDENTSAMART CORPORATION PCL.

SIRICHAI RASAMEECHAN

EXECUTIVE VICE CHAIRMANSAMART CORPORATION PCL.

ICT SOLUTIONS

PAIROTE VAROPHAS

EXECUTIVE VICE CHAIRMANSAMART TELCOMS PCL.

MOBILE MULTIMEDIA

THANANAN VILAILUCK

PRESIDENT SAMART I-MOBILE PCL.

Samart Corporation PCLSamart Corporation PCLQ3-2010

Audited Results

November 11, 2010

Q3-2010 Consolidated Performance

4,499

3,755

139 193

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

Revenue Net Profit

Q3-09 Vs Q3-10Y-O-Y Q3-2010 Q3-2009

Revenues 3,755 4,499Net Profit 193 139

EPS 0.20 0.15

Total Assets 15,079 14,796Total Liabilities 9,520 9,919Equity 5,559 4,877

D/E (L/T debt) 0.11 0.21ROE (Annualized) 13.9% 11.4%ROA (Annualized) 5.1% 3.8%Revenues 17 %

Net Profit 39 %

Note: NP is excluded Minority Interest of subsidiaries

Drop in revenues >> Decreased on market average selling price from SIMNet Profit higher >> Improved GP from SIM&SAMTEL

>> Inventory management from SIM

4,354

3,755

145 193

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

Revenue Net Profit

Q2-10 Vs Q3-10Q-O-Q

Q3-2010 Consolidated Performance

Revenues 14 %Net Profit 33 %

Note: NP is excluded Minority Interest of subsidiaries

Drop in revenues >> From SIM&SAMTELNet Profit >> Higher GP from SIM&SAMTEL

Revenues - FlatNet Profit 59%

12,704 12,620

305 485

0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

Revenue Net Profit

9M-09 Vs 9M-10Y-O-Y

9M-2010 Consolidated Performance

Note: NP is excluded Minority Interest of subsidiaries

Drop in revenues >> Remained flatNet Profit higher >> Improved GP from SIM&SAMTEL

>> Inventory management from SIM

Revenue & NP Contribution from Business Units

SIMSAMTELRelated

SIMSAMTELRelated

Revenue ContributionQ3-10

Net Profit ContributionQ3-10

55%27%

18%

34%

16%

50%

SAMART hold SIM 58.28%

SAMART hold SAMTEL 70.64%

Related BusinessesQ3-2010 Performance

191

182

198

203

170

175

180

185

190

195

200

205

Q4-2009 Q1-2010 Q2-2010 Q3-2010

Cambodia Air Traffic Services

Maintain 14,000 -15,000 flights per quarter

REVREV

49494954

20

25

30

35

40

45

50

55

60

Q4-2009 Q1-2010 Q2-2010 Q3-2010

Kampot Power Plant

KPP generating 16 MWe electricity

REVREV

Call Center Business

Project on hand 1,000 mill. Baht

Q3-Sign (SSO) 547 mill. Baht(GPF) 18 mill. Baht

MIA Listing 1H-2011

888

596507

0100200300400500600700800900

1000

2008 2009 2010

REVREV

(Est.)

49%

17%

Vision & Security SystemTurnkey security solutions:

Customers:- Government Center- Bangkok Metropolitan Authority- AOT- TOT

Potential Opportunities:

- CTX Scanners- Govt Center Phase II- Chonburi Province Government

400

191

73

050

100150200250300350400450

2008 2009 2010

REVREV

(Est.)

109%

160%

Samart ISamart I--Mobile PCLMobile PCLQ3-2010

Audited Results

November 11, 2010

Q3-2010 Performance

2,524

2,058

34 51

0

500

1,000

1,500

2,000

2,500

3,000

Revenue Net Profit

Q3-2010 Q3-2009

Revenue 2,058 2,524Net Profit 51 34

EPS 0.012 0.008

Total Assets 5,760 6,046Total Liabilities 3,370 3,702Equity 2,390 2,344

D/E (L/T debt) 0.00 0.00ROE (ann.) 8.5% 5.8%ROA (ann.) 3.5% 2.2%

Q3-09 Vs Q3-10

Y-O-Y

Revenues 18 %Net Profit 50 %

Drop in revenues >> Decreased on market average selling price Net Profit higher >> Improved GP from mobile business and content business

>> Inventory management

2,048 2,058

31 51

0

500

1,000

1,500

2,000

2,500

Revenue Net Profit

Q2-10 Vs Q3-10Q-O-Q

Revenues - Flat

Net Profit 65%

Q3-2010 Performance

Drop in revenues >> Remained flat Net Profit higher >> Improved GP from mobile business

>> Inventory management

6,8586,364

90109

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

Revenue Net Profit

Revenues 7 %

Net Profit 21 %

9M-09 Vs 9M-10Y-O-Y

9M-2010 Performance

Revenue drop >> Avg. selling price decreased in mobile businessHigher NP >> Higher GP from Mobile business and inventory management

Handset Sold (Y-o-Y)HANDSET SOLDHANDSET SOLD 9M9M--20092009 9M9M--20102010

Domestic 2,089,342 2,417,916 unitsInternational 416,696 242,805 units

Total Handset Sold 2,506,308 2,660,751 units

Volume 6 %

83%

17%

DomesticInternational

91%

9%

DomesticInternational

Domestic vs. International Proportion

- Overall Growth in Mobile Business results from Continuous Domestic Growth.

Handset Sold (Units)

675,370 631,003782,969

938,562

745,197839,935 832,814

82,818

101,917215,425

100,724100,547

67,632 92,355

0

200,000

400,000

600,000

800,000

1,000,000

1,200,000

Q1-09 Q2-09 Q3-09 Q4-09 Q1-10 Q2-10 Q3-10

Domestic Inter

Q1-Q3 sold 2.50 M2009 sold 3.55 M

Q1-Q3 sold 2.66 M2010(est.) 3.70 M

Q4-10

1.04 M

Highlights

Total 567

Total 700

0

100

200

300

400

500

600

700

800

9M-2009 9M-2010

Content Sales (9 months)(Baht million)

Total Y-O-Y 24%

Non-Voice 113

Non-Voice 212

Voice 454 Voice 488

• Non-Voice Service : Steep Growth

• Voice Service : Steady Growth

Growth 88%

Growth 7.5%

MVNO Growth DriversStatus

Nature of business: Mobile Virtual Network OperatorSubscribers: 110,000 (Sep 10) (Postpaid 20% / Prepaid 80%)Expected sub by end 2010: 130,000 -150,000Current Position: No.1 3G MVNO in TOT Port and in Thailand

2010

2012

2011

• 3,000 Base Stations• Capacity 4 M Subs

• 5,220 Base Stations• Capacity 8 M Subs• 42 Mbps / 11 Mbps

• 550 Base Stations• Capacity 500K Subs• 7.2 Mbps / 1.6 Mbps

NetworkRollout Plan

110 k Subs

130-150 k Subs

125 k Subs

180 k Subs (Total TOT)

Q1 Q2 Q3 Q4Dec 09

- 80% of TOT Portfolio - Post paid 20% (Compared to Major Operators 10% )

Sep.10 Dec.10

i-mobile 3GX acquires 80% of TOT portfolio

i-mobile 3GX acquires 80% of TOT portfolio

Mobile Biz

Content Biz

Number One 3G MVNO in Thailand (80% of TOT’s portfolio)Hit 110,000 subscribers in Q3,10Segmented SIM Card : To launch 3GX Movie SIM with major

Total +24% Revenue Growth on Voice and Non-Voice service.

Q3 Y10 – Performance Highlight Summary

MVNO Biz

Increased Unit Sold ( 6 %) in Thailand MarketIncreased Market Share (28% to 31%)Average Price of i-Mobile Drops - 21% from THB 2,361 to 1,861

New product concept of iNew product concept of i--mobile phonemobile phone

Smart Feature Phone >>> MVNO ARPU Driven

Smart Phones & Gadget >>> 3G Content & Application Driven

email Facebook IMM Twitter

i-Note (7”- Android)with Digital Content

SNS Alert

Domestic Mobile Business Highlights

Android : i 651

Enhance mobile device with Social application, content altogether with affordable tariff plan

Android : i 691Android : i 810

App Portal

Currently Focus on Malaysia & Indonesia MarketCurrently Focus on Malaysia & Indonesia Market

International Mobile Business Highlights

Sri LankaMalaysia Indonesia IndiaBangladesh Cambodia IranSingapore Pakistan

Collaborate with Regional Operator Collaborate with Regional Operator -- AXIATAAXIATA

Penetrate products to more than 130 million subscribers of AXIATA’s

• Indonesia : Distribute through the largest Mobile Chain Store.

• Malaysia : Expansion of Channels coverage.

Introduce more smart phones and gadgets.

Regionally penetrate more volume through Regional Operator : AXIATA.

VDO Call Center & 3G VDO VAS to launchVDO Call Center & 3G VDO VAS to launch

Content Business Highlights

Call Center Service Horo Service Sport Service

• Dialing 4 digits call center no.• Service Enquiry for 3GX Users.

• Live Fortune Telling.• Horo on Demand.

• Live Sport.• Sport Hot Clip.

Evolution of 3G content via VDO Call Feature.

MVNO Business Highlights

Segmented SIM CardSegmented SIM Card Served various Segments

Movie SIM Music SIM Sport Traveling & Lifestyle

To penetrate in various focused market and increase market stickiness.

Unlimited Package for Smart Phones and GadgetUnlimited Package for Smart Phones and Gadget

i-Note (7”-Android) iPhone Blackberry

Unlimited Voice & Data

Tablet iPad

Offer Unlimited 3G Package for advanced devices.

Samart Samart TelcomsTelcoms PCLPCLQ3-2010

Audited Results

November 11, 2010

Q3-2010 Performance

1,433

1,026

92 94

0

200

400

600

800

1,000

1,200

1,400

1,600

Revenue Net Profit

Q3-09 Vs Q3-10Y-O-Y

Revenues 28%Net Profit 2%

6.9%6.3%ROA (Annualized)24.5%22.0%ROE (Annualized)

0.040.02D/E (L/T debt)

1,5021,705Equity3,8354,212Total Liabilities5,3375,916Total Assets

0.150.15EPS

9294Net Profit1,4331,026Revenues

Q3-2009Q3-2010Unit: Million

Note: NP is excluded Minority Interest of subsidiaries

Revenues 4 %Net Profit 48%

4,3904,551

197 292

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

5,000

Revenue Net Profit

9M-09 Vs 9M-10Y-O-Y

9M-2010 Performance

Note:

• NP is excluded Minority Interest• Achievement of 97% of NP last year in only 9-month-period this year

SamtelSamtel Revenue: Govt. Clients DominateRevenue: Govt. Clients Dominate

20092008

13%

87%

Corporate Government

7%

93%

Corporate Government

9M-2010

5%

95%

Corporate Government

Project Summary Project Summary 20102010

• New Sign for Q3-10 > 1,000 MB

• Project signed in 2010 to date > 3,000 MB

Highlight Q3-10

• Number of projects on the list worth~ 3,200 MB• Y2010 is expected to break the highest record ever

Highlight Q4-10

MBProject Value Est. Rev Rec. in Est.Backlog Est. Rev Rec. in Est.Backlog

9M' 2010 End of 9M' 2010 Q4'2010 End of Y' 2010Signed Before 2010 5,261 2,449 2,812 466 2,346 New Sign for Q1 - 2010 1,541 1,121 420 311 108 New Sign for Q2 - 2010 377 145 232 232 - New Sign for Q3 - 2010 1,091 61 1,030 281 749 Major Project Signed in 9M 8,269 3,776 4,493 1,290 3,203 Miscelleneous Project 1,000 750 250 250 - Total Project Signed in 9M 9,269 4,526 4,743 1,540 3,203 Expected Sign for Q4 - 2010 3,200 - - 500 2,700 Total Project 12,469 4,526 4,743 2,040 5,903

Project name

Value of project on hand (As of Q3-2010) >>>Baht 4,743 mill

Expect to sign Q4-2010 >>> Baht 3,200 mill

Total Revenues 2010 (est.) >>> Baht 6,566 mill

SamtelSamtel Project StatusProject Status

Other Major Projects to be concluded soon:

• TOT 3G Network Expansion • NGN Network