period of long term service agreement of IRPC-CP. • Very Small Power Producer (VSPP): The gross profit increased by Baht 34 million mainly because of the increase in Engineering, Procurement and

Q1/2017 due to the declining in raw water sales volume) and Net profit attributable to Equity holders of the parent company was 302.67 million Baht, decreased by 61.26 million Baht or 16.83% compared

1 Translation CEN 001-2021 March 1, 2021 Subject Management Discussion and Analysis for the year 2020 To The Manager and President The Stock Exchange of Thailand Capital Engineering Network Public

74110 Thailand. E-mail: ir@aienergy.co.th บริษัท เอไอ เอนเนอร์จี จํากดั (มหาชน) AI Energy Public Company Limited ทะเบียนเลขที 0107556000311 the biodiesel mandatory and the raw material price reduce as the

% comparing with Q3/16. This is because of the higher cost of raw material in th the cost of goods sold is increased by 53.96 million baht (10.16%) which affect to our gross margin to down by 36.6 million baht

and Power Producing Company Limited (CHPP) also increased from Engineering, Procurement and Construction service (EPC) in Q2/2020. Q2/2020 VS Q2/2019 Q2/2020 VS Q1/2020 Adjusted Net Income in Q2/2020

with the supplier company, who is a business partner in procuring high quality and suitable raw materials. The transaction mentioned above is considered as disposal of assets in accordance with the

2018 as the raising in raw water sales volume while costs of sales and services totally 2,003.08 million Baht, increased by 357.38 million Baht or 21.72% because of increasing of electricity cost. Net

due to the raising in raw water sales volume and net profit attributable to equity holders of the parent company of 609.48 million Baht, increased by 28.85 million Baht or 4.97%. Income statement

due to the declining in raw water sales volume and net profit attributable to Equity holders of the parent company was 1,117.52 million Baht, decreased by 103.66 million Baht or 8.49%. Income statement