Thailand which is operated by SAAM-SP1. In Quarter 3 of 2020, electricity sales are THB 13.77 million, representing 24.17% of total revenue, reflecting a THB 0.91 million or 7.08% increase from the same

are solar projects which achieved COD in December 2015 with total installed capacity of 46.5 MW, FiT 5.66 Baht/kWh and sells all electricity to PEA under a 25-year PPA. Successful commercial operation

textile. Furthermore, there are new IUs with PPA for total of 23 MW scheduled to start in 7M’2020. • The tariff of electricity sold to IUs in Thailand in 2019 in creased 0.6% y-on-y to 3.30 Baht/kWh and in

MD&A Q2Y2017 _E_ 09.8.17 Ratchaburi Electricity Generating Holding PCL Management Discussion and Analysis For the Three-month and Six-month Periods Ended 30 June, 2017 Management Discussion and

-2024 Balance by Quarter Change Topic Q2-24 Q1-24 Q2-23 Q2-24 VS Q1-24 Q2-24 VS Q2-23 (Million Baht: MB) (MB) % (MB) % Total revenue 1,866.9 1,684.4 1,703.0 182.5 10.8 163.9 9.6 Total operating expenses

Million % Revenues Sales 16.60 23.14% 16.94 23.05% (0.34) (2.00%) Service and rental income 54.92 76.56% 54.92 74.75% 0.00 0.00% Other income 0.21 0.30% 1.62 2.20% (1.41) (86.85%) Total revenues 71.73

Margin (%) 49.5% 35.5% 13.9% 28.1% 33.3% -5.2% Executive Summary Revenue from Sales and Services • Yggdrazil Group Public Company Limited (“Company”) has total revenue from sales and services equivalent to

is the ideal location for petrochemical, chemical, steel and utility- intensive customers requiring electricity and steam. After successfully acquiring 100% shares of Glow SPP1 from Glow Company

infrastructure businesses or hold more than 75 percent of the total number of shares sold in businesses investing in or having major revenues from infrastructure businesses, e.g., rail system, express way, power

Vietnam with total capacity of 677MW including the 420MW Dau Tieng project which is currently the largest solar farm in South East Asian by International Business Magazine. BGRIM was included in the