Discussion & Analysis 4,481 4,057 4,019 3,500 9M/59 9M/60 โรงไฟฟ้ำศรีรำชำ: IPP Q3/59 Q2/60 Q3/60 เปล่ียนแปลง +/(-) 9M/59 9M/60 เปล่ียนแปลง +/(-) QoQ YoY 9M Key revenue drivers คา่ความพรอ้ม 99% 100% 100% 0% 1

ขั้นต้น ผลประกอบกำรโรงไฟฟำ้ศรีรำชำ (หน่วย: ล้านบาท) 103 215 27 โรงไฟฟา้ศรรีาชา: IPP Q4/59 Q3/60 Q4/60 เปลีย่นแปลง +/(-) 2559 2560 เปลีย่น แปลง +/(-) QoQ YoY 12M Key revenue drivers อัตราค่าความพร้อมจ่าย

9PAGE 9 MANAGEMENT DISCUSSION & ANALYSIS (MD&A) Q1 2019 Key revenue drivers Q1/18 Q4/18 Q1/19 Change +/(-) QoQ YoY Availability Rate Availability Rate (%) – Sriracha Power Plant 99% 40% 99% 59% 0

that customers’ financial service needs are efficiently met by our solutions. Our key operations in eight customer segments are as follows: 9  Multi-Corporate Business Focusing on our customers

in Availability Payment (AP), as in Q4/2019, the plant has already reached the Contracted Availability Hours in mid-December 2019. Comparing Q1/2020 vs Q4/2019 Comparing Q1/2020 vs Q1/2019 YoYQoQ Key

has been reclassified to maintenance cost. This, partly, has been a contributing factor of increased maintenance cost reported in Q1/2020 onwards. Key revenue drivers Q3/19 Q2/20 Q3/20 Change +/(-) 9M

); as well as Other Revenues from Sriracha Power Plant increased by Baht 5 million. Comparing Q2/2019 vs Q1/2019 Comparing Q2/2019 vs Q2/2018YoYQoQ Key revenue drivers Q2/18 Q1/19 Q2/19 Change +/(-) 1H/18

corresponding to the lower dispatch instruction by EGAT as a result of lower power generation. Comparing Q3/2019 vs Q2/2019 Comparing Q3/2019 vs Q3/2018YoYQoQ Key revenue drivers Q3/18 Q2/19 Q3/19 Change +/(-) 9M

of U City Public Company Limited 5. Key Features of Warrants to Purchase Ordinary Shares of U City Public Company Limited No. 3 (U-W3) 6. Key Features of Warrants to Purchase Ordinary Shares of U City

Disposal of VGI Global Media Public Company Limited 4) Key Features of Warrants to Purchase Newly Issued Ordinary Shares of VGI Global Media Public Company Limited No. 2 (VGI-W2) VGI Global Media Public