Page 2 Management Discussion and Analysis 1. Significant events in the second Quarter of 2018 The progress in construction projects - Xayaburi Project, a project of the Xayaburi Power Company Limited
) which is held 33.37 percent of total shares by ECF Power Company Limited (ECF-P) and ECF-P is the subsidiary held 99.99 percent by the Company. At the present, SAFE could gain profit from biomass power
ES) (EGCO holds a 49.00% ownership interest), located in Gangdong-gu, Seoul, South Korea with a capacity of 19.80 MW. Gangdong will sell electricity to Korea Electric Power Corporation (KEPCO), the
from sale. Besides, other income also increased from the revenue of by products, waste and material Information of the 2nd Quarter Consolidated Separate 3 months Change 3 months Change 2017 2016 Amount
on investment, however, the company has invested on the solar power generation on rooftop projects and received feedback from one company. Risks and Effects from the COVID-19 Outbreak Due to the
ended 30 June 2018, which net profit has changed more than 20% from the last year as follows: Statement of Comprehensive Income Unit: Million Baht 30 June 2018 30 June 2017 Increased (Decreased
percent, increased in the amount of THB 62.05 million. The main reason was the power plant has commenced commercial operation on June 1, 2019. 2.6 Gain on bargain purchase the shares of RATCH Cogeneration
business; due to finished product price increase that coincide with the rise of global crude oil price, and total sales volume increased by 5%. Also, the company received higher revenue from the power plant
last year, the Company’s Normalized Net Profit for the second quarter of 2020 increased by 163.7%. • Normalized Rental Revenue during the second quarter of 2020 increased by 39.0%, compared to the same
result of increased interest income from Xayabury Power Company Limited. 2 Administrative Expenses In Q1 2019, the Company and its subsidiaries had administrative expenses of Baht 524.40 million, increased