December 2017 could be divided in to two key components as follows: 1. Variable cost component which shall be varied in accordance with the volume sold consist of (1) raw materials and packaging for
) Industrial and chilled water Revenue (THB million) Natural gas (SPP) Maintenance fee Other raw materials Cost of sales and services (exclude depreciation and amortization) (THB million) Management Discussion
) Natural gas (SPP) Maintenance fee Other raw materials Others Cost of sales and services (exclude depreciation and amortization) (THB million) Industrial and chilled water +9% YoY +14% QoQ -4% YoY Management
(SPP+VSPP) Steam -5% YoY +15% QoQ Natural gas (IPP)Electricity (IPP) Revenue (THB million) Natural gas (SPP) Maintenance fee Other raw materials Others Cost of sales and services (exclude depreciation
materials Others Cost of sales and services (exclude depreciation and amortization) (THB million) Industrial and chilled water 33% 17% 54% 71% 5% 5%5% 3%3% 4% 8,471 8,798 1H/60 1H/61 31% 13% 20% 56% 75% 68% 5
(THB million) Natural gas (SPP) Maintenance fee Other raw materials Others Cost of sales and services (exclude depreciation and amortization) (THB million) Industrial and chilled water +66% YoY +7% QoQ
utilization rate to available capacity, and eventually a higher cost of goods produced and low margin. To offset a slowdown in orders, the Company reduced costs by obtaining better sources of raw materials
82% - Residential 142 605 625 3% 340% 545 1,887 246% - Hotel 195 221 233 5% 19% 731 804 10% - Commercial 146 148 149 0% 2% 437 441 1% - Construction materials 0 28 30 6% n/a 0 83 n/a - Others 100 26 29
. Waratkris is on the top ten shareholders list of a listed company operating the business in relation to distribution of metal products to be raw materials of various types of industries. 4 In accordance with
2,388 53% - Hotel 237 233 270 16% 14% 968 1,074 11% - Commercial 141 149 1,673 1026% 1085% 578 2,114 266% - Construction materials 0 30 90 203% n/a 0 173 n/a - Others 25 29 30 5% 22% 125 109 (12%) Gross