detail, please contact Investor Relations Division of the Electricity Generating Public Company Limited at Tel: 662-998-5150-3 or Email: ir@egco.com Page 2 Management Discussion and Analysis 1. Significant

further detail, please contact Investor Relations Section of the Electricity Generating Public Company Limited at Tel: 662-998-5145-8 or Email: ir@egco.com Page 2 Management Discussion and Analysis 1

/ litre respectively from October 2019 onwards. In addition, the Electricity Generating Authority of Thailand ( EGAT) has been assigned to purchase crude palm oil to produce electricity continuously

continuous rise in electricity Ft rate since May 2017. CPN, meanwhile, achieved efficiency gains with the reduction in electricity unit consumption compared to last year. As a result, same- store utility cost

land and providing services related to project security and cleaning to the group customer, that operates 17 solar power plant projects in Thailand, and revenue from sales of electricity from its own

in Q3/2020 was 62.6% decreased by 2.1% from Q3/2019 and 60.6% in 9M/2020 decreased by 4.4% from 9M/2019. • The decrease in gross profit margin was mainly due to the reduction in total revenue from

sale volume and Ua Withya PCL has more revenue from its subsidiaries (as nature of business are selling agricultural products and distribution of electricity to Provincial Electricity Authority in Nakhon

PCL) has more sale volume and Ua Withya PCL has more revenue from selling electricity to Provincial Electricity Authority in Nakhon Ratchasima province and also more revenue from selling electricity of

electricity 92.22 91.50 - - 92.22 91.50 Revenue from sales and services 3.45 4.75 503.81 1,212.78 507.26 1,217.53 Other income 13.99 31.08 27.47 31.69 41.46 62.77 EXPENSES (104.58) (110.66) (525.03) (1,160.37

. ("WPS"), a subsidiary company, in which the parent company holds 84.50% of it’s shares. Revenue from electricity sales Baht 51.07 million increased by Baht 10.07 million or 8.31%. Cost of sales For the