period of previous year mainly due to an improved gross margin from an electricity sales business, as the Group Company incurred additional expenses for power inverters rented from its supplier in 2017

the period ended 31 March 2023 and 2022 are presented below: Q1-2022 Q1-2023 Sales and service income THB Mn THB Mn THB Mn % Sales of electricity - FiT, base tariff and Ft 806.7 851.2 44.5 5.5% FiT

cycle cogeneration power that commenced COD on October 1, 2018. It has an installed capacity of 133 MW and sells electricity to EGAT 90 MW under a 25-year PPA. The project was able to achieve COD as

to portfolio expansion through project COD and the acquisition as mentioned. • EBITDA margin increased to a new record of 29.2% in Q1’2020 from 1) additional industrial users with total PPA of 26 MW, 2

cost management for electricity generation of our gas- fired power plants which contribute approximately 70% of our portfolio capacity. Land Lease Agreement for U-Tapao hybrid project On June 26, 2020

50.28 25.89% Gross profit margin 15.47% 13.76% Other income 5.33 4.73 Selling expenses 3.36 9.99 (6.63) -66.39% Administrative expenses 111.43 108.51 2.92 2.69% Earnings before interest and tax 135.08

3,175 million, increased by Baht 475 million or 18% from 2016. The increase is mainly due to the rise in sales of electricity and steam generated from the rise in demand of industrial users. Also, the COD

of electricity - FiT, Base tariff and Ft 851.2 788.3 (62.9) (7.4%) FiT Premium 14.6 10.1 (4.5) (30.8%) Sales of electricity to Industrial Users (IU) 9.3 8.2 (1.1) (11.8%) Sales from Biomass Power

close monitoring of the ongoing impacts of the pandemic on our industrial customers' operational plans, there was continuing strong electricity and steam demand from our main customers, petrochemical

, increased by Baht 130 million or 14% from Q1/18. The increase is mainly due to the rise in Availability Payment (AP) of Sriracha Power Plant and the increase in electricity sales of Rayong Central Utility