portfolio consists of 28 operating power plants, with a total contracted capacity of 5,475 MW equity and 3 power plant construction projects, with a total contracted capacity of 331 MW equity. Page 6 3

252,017 (548) 2,233 1,685 253,510 Liability 141,841 1,312 2,514 3,826 145,475 Equity 110,176 (1,860) (281) (2,141) 108,035 PAGE 6PAGE 6 MANAGEMENT DISCUSSION & ANALYSIS (MD&A) Q1/2020 Operating Results

% 2.7% -92% -105% 13.0% 21.5% 13.6% 20.4% Management Discussion & Analysis Q2/2020 125 168 37 297 1,038 807 1,200 1,272 19 Q1/19 30 Jun 2031 Dec 19 10% 3% 87% Equity Non-current Liabilities Current

Deficit from business combination under common control (22.9) (22.9) - - Total equity 11,386.6 10,793.0 593.6 5.5 Statement of Financial Position Change Analysis of Financial Position 10 Assets Total assets

1,831.9 538.1 29.4 Deficit from business combination (22.9) (22.9) - - Total equity 11,331.1 10,793.0 538.1 5.0 Statement of Financial Position Change Analysis of Financial Position 10 Assets Total assets

% 29% 125 163 37 281 1,038 835 1,200 1,279 18 1930 Sep 2031 Dec 19 10% 3% 87% Equity Non-current Liabilities Current Liabilities13% 22% 65% +7% (THB million) +7% Total Equity As of 30 September 2020, the

% 9% 46% 23% 125 188 37 264 1,038 851 1,200 1,303 18 1931 Dec 2031 Dec 19 10% 3% 87% Equity Non-current Liabilities Current Liabilities15% 20% 65% +9% (THB million) +9% Total Equity As of 31 Dec 2020

% -60% Financial PerformanceSignificant EventsExecutive Summary 8 Management Discussion & Analysis Q2/2021 Total Assets Total Liabilities and Equity 851 806 264 206 188 143 1,303 1,155 Q4/2020 Q2/2021 603

Liabilities and Equity Cash and Cash equivalent Land, Property and Equipment Other current assets Other non-current assets Equity Current Liabilities Non-current Liabilities 46% 29% 11% 14% 24% 14% 11% 65% 20

188 165 1,303 1,132 Q4/2020 Q2/2021 Total Assets Total Liabilities and Equity Cash and Cash Equivalent Land, Property and Equipment Other Current Assets Other Non-current Assets Equity Current