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. Theyrefer to future events and to the future financial performance ofthe Companies. Forward-looking statements generally can beidentified by the use of forward-looking terminology such as “may”,“will”, “expect”, “intend”, “estimate”, “anticipate”, “believe” or“continue”. Although the Companies believe that the expectationsreflected in such forward-looking statements are reasonable at thistime, it is not intend to give assurance that such expectations willprove to be correct. Given these uncertainties, readers arecautioned not to place undue reliance on such forward-lookingstatements.

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Agenda

1. Group Financial Highlights

2. Business Review

Satellite

Telephone

Internet and Media

3

Group Financial Highlight

4

40.3%YoY increase in IPSTAR Service Revenueand 2.6%QoQ growth in Telephone Services

Revenue

EBITDA up 4.8% from last quarter

Revenue breakdown by Business

(MTHB)Q1/2011 Q4/2010 Q1/2010 %QoQ % YoY

Conventional Satellite Services 562 539 637 4.3% -11.8%

IPSTAR Services 487 446 347 9.2% 40.3%

IPSTAR Sales 92 192 214 -52.1% -57.0%

Telephone Services 321 313 452 2.6% -29.0%

Internet and Media Services 108 162 134 -33.3% -19.4%

Total 1,570 1,652 1,784 -5.0% -12.0%

EBITDA breakdown

(MTHB)

Q1/2011 Q4/2010 Q1/2010 %QoQ % YoY

Satellite 460 445 362 3.4% 27.1%

Telephone 67 58 173 15.5% -61.3%

Internet and Media -3 -3 1 0.0% -400.0%

EBITDA 524 500 536 4.8% -2.2%

Financial Position

* Exclude Cash** Exclude Interest-Bearing Debt

Low Gearing ratio at D/E of 0.60x

5

Assets*, 24,272

Cash, 1,700

Interest-bearing debt,

8,591

Liabilities*, 2,964

Equity, 14,416

Unit : MBt

Business Review

6

Conventional Satellite Business

Thaicom Conventional Products contract backlog

was 274 MUSD.

In Q1 2011 Thaicom Conventional Products secured

18 new and renewal transponder leasing contracts

and video broadcasting service contracts

As end of Q1 2011, there were 374 TV channels

broadcast via the Thaicom satellites

Conventional Satellite Utilization

Total Capacity (TP): C Band = 25, Ku Band = 14

TP Percentage by usage

7

293304 314

358374

200

250

300

350

400

1Q/10 2Q/10 3Q/10 4Q/10 1Q/11

TV Channel

98%

93%

C

KU

Thaicom 5

Telecom, 25%

Broadcast, 75%

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.

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– 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.

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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

10

School Net and Mobile Network in Thailand

Corporate Social ResponsibilitySchool 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

Total BW Sold End of Mar'11

15.90%

Total Capacity84.10%

IPSTAR (THAICOM 4) BW utilization as of Q1’2011

[Data based on BW billable YTD as of Q1’2011]

Current BW utilization Q1’2011

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BW utilization included NBN project

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.

Total BW Sold included NBN

project19.28%

Total Capacity80.72%

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

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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

LTC

Telephone Business

14

Total Telephone subscribers

The mobile phone industry in Lao PDR have more competition, however, LTC ended its market share

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.

16.8% growth

YoY

153,848 155,303 156,100 156,552 156,960

661,765 721,365847,883

945,164 1,000,961

0

200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

1Q10 2Q10 3Q10 4Q10 1Q11

DTV

Partners

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Internet and Media Business

•The total number of DTV satellite television dishsets roll out as of the end of Q1/2011 was 1,000,961increase 51.3% from Q1/2010.

•In term of eye ball on DTV-Thaicom-Ku platform,total satellite receivers roll out as of ending Q1/2011was 1,157,921.

•Currently, there are 80 TV and radio channelsbroadcasted through DTV in Thailand.

DTV-TV & Radio Channels

Total eye ball on DTV-Thaicom-Ku platform

876,6681,003,983

1,101,716

815,613

1,157,921