Discussion and Analysis Quarter 3 Ending 30 September 2019 1. Highlights Unit: million Baht 3 rd Quarter 2019 3 rd Quarter 2018 P er fo rm a n ce Revenues 3,803 8,666 Sales Volume (k tons) 172,117 418,365

Bank and its Subsidiaries Million Baht Item Quarter Change (%) Year Change 4/2017 3/2017 4/2016 3/2017 4/2016 2017 2016 (%) Net profit * 8,496 8,161 8,267 4.1% 2.8% 33,009 31,815 3.8% Earnings per share

in less profit margin compare to Quarter 2 of the year 2018 which is reduce by 1.79 million baht due to higher waste than the standard setting thus, production volume of Flexible packaging product

49.6%. Net profit for the 6-month period ended 30 June 2020 is equal to Baht 80.0 million, decreased by Baht 39.5 million or is equal to 33.0% from the same period of last year. Earnings per share is

higher lime demand in Q4 2017 and will continue into Q1 2018. The steel industry has closed its third year of continuous recovery in 2017, with total output up over 10%. Further volume increase is

Revenues Consolidated financial statements (Thousands Baht) Year Change 4th Quarter Change 2019 2018 Amount % 2019 2018 Amount % Revenue from sales 2,334,510 1,540,078 794,432 51.58% 607,273 371,532 235,741

amount totaling THB 350,000,000 at the rate of THB 0.35 per share and set the record date on 28 August 2017; to gather the names pursuant to section 225 of the Securities and Exchange Act by way of book

2019 Key revenue drivers Q1/18 Q4/18 Q1/19 Change +/(-) QoQ YoY Power Sales Volume Sales Volume - GPSC (GWh) 1,023 1,069 1,056 (1%) 3% Sales Volume - GLOW (GWh) - - 479 n/a n/a Power Average Selling

No. AC 125/2561 KHON KAEN SUGAR INDUSTRY PUBLIC CO., LTD 503 K.S.L. TOWER, 9th FLOOR, SRIAYUDHYA ROAD, RAJATHEVI, BANGKOK 10400 13 September 2018 SUBJECT EXPLANATION FOR THE CHANGE IN PERFORMANCE

the whole quarter and this resulted in higher demand and the company’s Methyl Ester (B100) sales volume from both quarter 3/2016 and quarter 2/2017. However, the increase in crude palm oil inventory