both domestically and internationally, in order to develop products and distribution channels to meet the needs of consumers across the region as follows: 5.1) "Mega Malee Company Limited" in Thailand

-Transfer (BOT) concessionaire to develop and operate the Project. Nam San 3A is also a contracting party to the power purchase agreement with Électricité du Laos (“EDL”). The contract duration is 27 years

jointly sign and seal of the Company. Mr.Chirasak Chiyachantana Mrs.Sangsri Chiyachantana Ms. Jatechanya Boonchaleo Two of these tree directors jointly sign and seal of the company. World Industrial Estate

million Cu.M. Jan – Mar 2018 = 61.93 million Cu.M. Jan – Mar 2017 = 69.98 million Cu.M. Jan – Mar 2018 = 61.93 million Cu.M. Industrial Estate 74.08% Industrial Estate 67.93% Household Customer 18.04

NGD 2 project, achieved Commercial Operation Date in December 2018 in WHA Eastern Seaboard Industrial Estate 2. PERFORMANCE BY BUSINESS Revenue from Sales and Services from Utilities Business was

Profit 850.96 817.65 (33.31) (3.91%) Gross Profit Margin 59.34% 62.41% Raw Water Distribution by Customer Group (Internal usage for tap water production is included) Industrial Estate 63.63% Industrial

year, is scheduled to achieve COD in 2Q2019 in WHA Eastern Seaboard Industrial Estate 3  Chonburi Clean Energy, an installed capacities of 8.6 MW Waste to Energy Power Plant, representing 2.9 Equity MW

production is included) Jan – Jun 2017 = 136.99 million Cu.M. Jan – Jun 2018 = 123.57 million Cu.M. Jan – Jun 2017 = 136.99 million Cu.M. Jan – Jun 2018 = 123.57 million Cu.M. Industrial Estate 73.16

– Sep 2017 = 196.67 million Cu.M. Jan – Sep 2018 = 188.13 million Cu.M. Industrial Estate 72.16% Industrial Estate 69.78% Household Customer 16.16% Household Customer 12.71% Internal Usage 11.86% Internal

Page 1 of 7 Management Discussion and Analysis 1Q2019 Executive Summary Singha Estate Public Company Limited (“the Company”) reported 1Q19 Total revenue of THB 3,000m, increased by 167% YoY. The