% Adder 30.8 31.3 29.5 (5.8%) (4.2%) 94.5 95.1 0.6% Revenue from waste management 10.3 9.6 10.4 8.3% 1.0% 27.5 29.4 6.9% Sales from Municipal Solid Waste Power Plant 66.4 66.2 63.9 (3.5%) (3.8%) 198.8 201.6

2.4% Revenue from waste management 10.4 13.2 14.5 9.8% 39.4% 29.4 39.0 32.7% Sales from Municipal Solid Waste Power Plants 63.9 122.5 111.7 (8.8%) 74.8% 201.6 355.5 76.3% Sales of electricity - Base

from Utilities Business consists of Excessive Charge for additional Utilities demand and Service Fees for Wastewater Management. 3 Gross Profit from Operation excludes Other Income from Utilities

Microsoft Word - ACE MDA Q1 22 - EN - Final 1 No. ACE-ACC-2/2022 11 May 2022 Subject Management Discussion and Analysis for the period ended 31 March 2022 To President The Stock Exchange of Thailand

Microsoft Word - ACE MD&A YE22 - EN 1 No. ACE-ACC-1/2023 28 February 2023 Subject Management Discussion and Analysis for the year ended 31 December 2022 To President The Stock Exchange of Thailand

Microsoft Word - ACE MDA YE21 - EN_Final 1 No. ACE-ACC-1/2022 28 February 2022 Subject Management Discussion and Analysis for the year ended 31 December 2021 To President The Stock Exchange of

1 No. ACE-ACC-2/2023 12 May 2023 Subject Management Discussion and Analysis for the period ended 31 March 2023 To President The Stock Exchange of Thailand Absolute Clean Energy Public Company Limited

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solid waste power plant increase for the amount of Baht 14.9 million from the increase in efficiency of fuel material management. Gross profit margin decrease 5.3% YoY from 33.6% to 28.3% and gross profit

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