IPP of Baht 30.0 million in 2Q2019. SPP For 2Q2019, 8 SPPs generated Baht 152.1 million of Normalized Share of Profit, a 11.2% decrease from 2Q2018 mainly due to lower EGAT’s energy dispatch from 7
decreased by 58 million Baht mainly due to Availability Payment (AP) decreased according to PPA and electricity profit was down by lower dispatch of EGAT. Meanwhile, corporate income tax and interest expenses
lower EGAT dispatch as a results of EGAT’s transmission line maintenance and lower contribution from Gulf VTP and BGWHA-1 due to having planned maintenance, despite a 5.5% increase of power demand from
lower contribution from GHECO-One and lower power dispatch of HHPC. SPP For 2019, 8 SPPs generated Baht 728.6 million of Normalized Share of Profit, a 12.6% increase from 2018 mainly due to newly COD of
higher margins with production remaining steady Strong improvement in the North American business with Core EBITDA per ton of $145 vs $121 in 1Q LTM 2017 and the EMEA business with 1Q 2018 LTM Core
) Steady growth in private consumption from stimulus packages and recovering agricultural product prices from production expansion and 4) Other supporting factors, such as government spending and other
by rising of its output while demand of crude palm kernel oil for edible oils and oleo chemicals was not growing that much. Natural fatty alcohols in 2Q/2019 has shown steady demand compared to 2Q/2018
increase in minimum wages, local SME projects and agricultural business reform, to support the low-income group. Overall, the Thai economy is on course for a steady year of growth, according to the Bank of
stimulate government and state-owned enterprises’ spending. Overall, the Thai economy is on course for a steady year of growth, according to the Bank of Thailand, with its GDP growth in 2018 revised up to 4.4
us to continue to sell at all times and create a steady stream of operating cash flows. 1Q 2020 Summary Financials Table 1: Core Financials of Consolidated Business $million (except where stated