of operating results for the year 2019, Ended of December 31, 2019 Unit : Million Baht Power Generation Others Total Change Increase (Decrease) 2019 2018 2019 2018 2019 2018 Amount % Total Revenues

exchange Earnings from operation before change in operating assets and liabilities Operating assets (increase) decrease Long-term deposits at financial institutions Securities purchased under reverse

securities (Gain) Loss from assets distribution (Gain) Loss from foreign currencies exchange Earnings from operation before change in operating assets and liabilities Operating assets (increase) decrease Long

Operating assets (increase) decrease Long-term deposits at financial institutions Securities purchased under reverse repurchase agreement Temporary investments Receivables from Clearing House Securities

of the two companies together. For Q1/2020, there are important factors and significant events in various aspects, such as the depreciation of the Thai Baht against the US Dollar, the decrease in price

EBITDA was recorded at THB 88 million, a decrease of THB 49 million or 36% from the same quarter of previous year. This was primarily impact from declining of glycerine price driven by rising of global

Baht 204.2 million, due mainly to the decrease in expected credit losses by 39.5% and decreased by 32.4% when compared to the first quarter of 2020 with the net profit of Baht 828.8 million, due mainly

Baht 859 million or 17% as a result of GLOW’s power plants have reached the Contracted Availability Hours set out in the PPA in December 2019, resulting in the decrease of Availability Payment in Q4/2019

the decrease in selling and administrative expenses but also the better performance of GPSC’s power plants especially IRPC Clean Power Phase 1 whose main customer returned to operate as normal from the

million or 23.34% from the year end of 2016. mainly due to the decrease in land, property, plant and equipment in amount of Baht 150.80 million or 34.00% according to lower number of active outlets and