Discussion and Analysis 1. Significant events in the first Quarter of 2020 1.1. The progress in construction projects - Gangdong Fuel Cell Project (Gangdong), a project of Paju Energy Services Co.,Ltd. (Paju
Operation Date EBITDA Earnings before Interest, Tax, Depreciation and Amortization FX Foreign Exchange Rate IPP Independent Power Producer PPA Power Purchase Agreement SPP Small Power Producer Projects
@egco.com Page 2 Management Discussion and Analysis 1. Significant events in the Second Quarter of 2020 The progress in construction projects - Gangdong Fuel Cell Project (Gangdong), a project of Paju
million Baht mainly from progress of construction including clarified water & total water solution projects, Bangpakong pump system upgrade project and Tubma Reservoir project; after depreciation and
feed, wages, utilities, etc . In this regard, the company has a measure to reduce unnecessary expenses during the start of the temporary closure and postpone projects that require investment in
services both for projects in Thailand and Japan due to seasonality, as the shift to the rainy season resulted in the lower average irradiation hours, especially for the solar power plant projects located in
projects. We focus on capacity expansion along the stream of our vertical integrated chicken production. Firstly, broiler farm operation will be expanded to reach capacity of 380,000 birds per day. Secondly
Management Discussion and Analysis 1. Significant events in the third Quarter of 2019 1.1 The progress in construction projects 1.1.1 Project completion - SBPL Project, a project of San Buenaventura Power Ltd
for the under-developed projects to foreign suppliers. 5 Gain (loss) on forward contracts Q2-2019 Q1-2020 Q2-2020 6M-2019 6M-2020 Change THB Mn THB Mn THB Mn %QoQ %YoY THB Mn THB Mn %YoY Gain (loss) on
lease of Natural Gas Power Plant and partially from realized gain on exchange from payment for machine and spare parts for the under- developed projects to foreign suppliers. At the end of the second