renewable energy power plants projects of private sector The revenue from sales business was increased of MTHB 37.14 comparing to the revenue form sales business of amount MTHB 63.72 at the same period of

revenue construction works of renewable energy power plants projects of private sector. The revenue from sales business was decreased of MTHB 54.21 comparing to the revenue from sales business of amount

energy projects. In 2019, SAAM Group’s gross profit amounted to THB 52.78 million, representing gross profit margin of 73.50%, a THB 1.85 million or 3.62% increase from the previous year (in 2018: THB

Income For the year period of (unit: million baht) Dec 31, 2017 Dec 31, 2016 + / - Sales and Services 1,248.30 955.72 292.58 30.61% Gross Profit 267.27 161.36 105.91 65.63% Other Income 78.78 75.76 3.02

from export at the amount of Baht 11.66 million, and revenue from investment in renewable energy projects increased Baht 10.85 million, mostly from PPP and MAETENG#2. Gross profit increased Baht 27.03

Alternative Energy 6.6 6.0 (0.6) (9.2) Power Plants under Constuction and Development (62.6) 69.2 131.8 210.6 Share of Profit from Investments in Associates and Joint Ventures and Dividend Income 985.0 1,995.4

Second Quarter of 2018 WHAUP finished our 2Q2018 with a Net Profit was Baht 295.9 million, a 57.8% decreased from 2Q2017 with Normalized Net Profit of Baht 611.2 million, a 1.5% increased from 2Q2017. For

1 June 30, 2020 Subjects : The acquisition of ordinary shares of APEX Energy Co., Ltd. increased 18.75% Attention : The Director and Manager of the Stock Exchange of Thailand Eastern Power Group

profit sharing since the beginning of the 3 rd Quarter of 2017. Moreover, the Company could start commercial operation from SAFE Energy (Phrae) Company Limited for the Biomass Gasification Project with the

SAAM Energy Development Public Company Limited - 1 - 9 August 2019 Subject: Management Discussion and Analysis for the period ended 30 June 2019 To: The President The Stock Exchange of Thailand SAAM