(117.60) (11.78%) Earnings per share (EPS) 0.17 0.18 0.01 4.40% 0.60 0.53 (0.07) (11.78%) Note: 1) Revenue and Cost that were recognized when there is construction under concession agreements for tap water

. Significant events in the third Quarter of 2017 1.1 The progress in construction projects 1.1.1 Project completion - Klongluang Utilities Company Limited, (EGCO holds a 100% ownership interest.), is a

LIMITED K-TECH CONSTRUCTION PUBLIC COMPANY LIMITED K.C. METALSHEET PUBLIC COMPANY LIMITED K.C. PROPERTY PUBLIC COMPANY LIMITED K.W. METAL WORK PUBLIC COMPANY LIMITED KANG YONG ELECTRIC PUBLIC COMPANY

Page 2 Management Discussion and Analysis 1. Significant events in the second Quarter of 2018  The progress in construction projects - Xayaburi Project, a project of the Xayaburi Power Company Limited

314.48 341.71 (27.23) (7.97%) Earnings per share (EPS) 0.19 0.21 (0.02) (7.97%) Raw water costs 51% Tap water costs 38% Rental and services costs 6% Construction cost under Concession Agreements 5% Raw

% 41% - Commercial 145 1,673 148 3% (91%) - Construction materials 25 90 50 101% (44%) - Others 24 30 49 101% 62% Gross profit 486 1,186 527 8% (56%) EBITDA 202 1,077 480 137% (55%) Net profit (loss) 34

-2019 can be shown in the following table: Balance by Quarter Change Q2–19 Q1–19 Q2–18 Q2–19 VS Q1–19 Q2–19 VS Q2–18 (Million Baht: MB) (MB) % (MB) % Revenue from Sales, Service and Construction contracts

% Share of profit on investment in associated 73.73 160.10 (86.37) (53.95) Results of Operations 37.76 76.31 (38.55) (50.52) Gain (loss) on exchange rates 35.97 83.79 (47.82) (57.07) Income tax expenses

quarter of 2018 Second quarter of 2017 Increased (Decreased) Amount % 1.1 Revenues from construction Baht 2,199.81 million Baht 2,032.79 million Baht 167.02 million 8.22 1.2 Cost of construction 93.53

decreased and repayment term loan. (6) Share of profit (loss) from investment in associated company and joint ventures PAGE 2 OF 3 In the year 2020, the Company recognized the profit sharing from Mctric