% decrease from Baht 2,583.2 million of 2018. The decrease was mainly from lower contribution from GHECO-One mainly driven by lower Availability Payment Rate and Thai Baht appreciation, despite additional
lower Availability Payment Rate and Thai Baht appreciation. Normalized Share of Profit/(Loss) from Investments of Utilities Business was Baht (13.5) million due to the recognition from Share of Loss from
right of use following adoption of the Thai Financial Reporting Standards: TFRS 16 on Leases, which added to the land lease amount from the previous year. In Quarter 3 of 2020, SAAM Group’s gross profit
on foreign currency exchange rate was Baht 153.4 million in Q4 2023, compared to a loss on foreign currency exchange of Baht 237.0 million in Q4 2022, caused by appreciation of Thai Baht. This loss on
the accounting period ended March 31, 2019, there was no any noteworthy progress of such case as disclosed in the notes to financial statement for the year ended December 31, 2018 Section 27.5. 4
mainly were Unrealized Foreign Exchange Gain which was an accounting item that has no effect on cash flow. 2 Profit attributable to Owners of the Parent In 2018, Profit attributable to Owners of the Parent
of 530 million baht or 2.12 baht per share, decreasing by 46% y-y. The financial performance can be summarized as follows. Overview The Thai economy in the first quarter of 2020 contracted by 1.8
currency from “Thai Baht” to “US Dollar” from FY2019 in order to appropriately reflect the change of the Company’s foreign currencies operation as well as in considering more distinct foreign functional
previous year, compared with the net profit of Baht 176.56 million in previous year. The overall increase in sales is due to the recovery of the Thai economy in 2017, driven by strong tourism, exports and