. • EBITDA margin in Q3/2020 was 32.7% increased by 1.5% from Q3/2019 mainly due to the reduction in selling and administrative expenses following the cost control policy of the Company. • EBITDA margin in 9M

by 66% from Q4/2019 and 77% from 2020, mainly from the reduction in total revenue from sales in a greater proportion than the reduction in selling and administrative expenses, despite the cost control

Sales (60) (83) 38% (134) (161) 20% Gross Profit 77 147 91% 183 267 46% Other income 1 4 300% 2 7 250% Selling and Distribution Expenses (53) (71) 34% (111) (133) 20% Administrative Expenses (32) (36) 13

were THB 159 million and THB 426 million, respectively, increased by 165% from Q3/2021 and 76% from 9M/2021, corresponding to the increase in sales and the adjustment of certain menu’s selling price

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

was no gas turbine maintenance at Rayong Central Utilities Plant in Q3/2017 as there was in Q3/2016 and the plant had better operating performance. Also, the selling price rose from the increase in the

million or 1% from Q3/2017, as a result of the Commercial Operation Date (COD) of IRPC-CP Phase 2 and Ichinoseki Solar Power 1 GK (ISP1) in Q4/2017 even though the selling and administrative expenses

plants, gross profit increased by Baht 103 million due to the increase in electricity sales volume resulting in the increase in revenue from selling electricity while the average natural gas price per unit

selling expenses 183.84 147.60 36.24 24.55 Finance cost 208.75 110.40 98.35 89.09 Total expenses 902.73 726.79 175.94 24.21 Share of profit (loss) on investment in associated company 196.23 (2.03) 198.26

405.94 Selling and Administrative expenses (79.68) (116.83) Share of Gain/(Loss) from equity method (4.39) 12.86 Finance cost (18.06) (0.02) Profit/(Loss) before tax 96.38 301.95 Corporate Income Tax 0.39