, please contact Investor Relations Division of the Electricity Generating Public Company Limited at Tel: 662-998-5150-3 or Email: ir@egco.com Page 2 Management Discussion and Analysis 1. Power Industry and

water resource in a sustainable way. Most of water used in co- generation power plants comes from recycle process or treated waste water from factories while the company's plan to manage electricity

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

9% from Q2/2017. The increase in the profit is due to the rise in sales price resulted from the increase in Ft rate in Q3/2017. Also, the volume of electricity and steam sold at Rayong Central

addition, the increase was also from higher electricity revenue from IRPC-CP plant, which is the result of higher natural gas prices. The operating revenue of Q3/2018 significantly increased by Baht 2,418

structure from 1 April 2020 to strengthen the business for the group in terms of Efficiency, Availability and Reliability in delivering electricity and steam, as well as focusing on synergy in the operation

Derivative Warrants | EGCO13C2512A | DERIVATIVE CALL WARRANTS ON ELECTRICITY GENERATING PUBLIC COMPANY LIMITED ISSUED BY KGI SECURITIES (THAILAND) PUBLIC COMPANY LIMITED LAST TRADING IN DECEMBER 2025

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Derivative Warrants | EGCO13C2502A | DERIVATIVE CALL WARRANTS ON ELECTRICITY GENERATING PUBLIC COMPANY LIMITED ISSUED BY KGI SECURITIES (THAILAND) PUBLIC COMPANY LIMITED LAST TRADING IN FEBRUARY 2025