Management Discussion & Analysis( - translation - ) For operating result of 1Q18,ending 31 March2018 Raimon Land Public Company Limited| 14May2018 1 / 5 Major Eventsin 1Q18 and April 2018 February

) Comprises of total revenue net dividend income, gain on foreign exchange, interest income and non-operating revenues. 9 ASIA’S BOUTIQUE AIRLINE Operating Profit and Net Income The operating revenue of the

% 4,581 6,722 47% Non-controlling interests (407) (392) (201) (50%) (49%) (1,665) (672) (60%) Net profit for the Company 893 1,896 2,574 188% 36% 2,916 6,050 107% Adjusted Net Income3 1,265 2,264 2,937 132

revenue net dividend income, gain on foreign exchange, interest income and non-operating revenues. Operating Profit and Net Income The operating revenue of the Company for year 2017 and year 2018 were

, please contact Investor Relations Section of the Electricity Generating Public Company Limited at Tel: 662-998-5145-8 or Email: ir@egco.com Page 2 Management Discussion and Analysis 1. Power Industry and

underpricing of risks. The Thai economy in 2017 is expected to grow by 3-4 percent on the back of exports and tourism, in line with the growth of the trading partners. At the same time, public investment in

has been greater clarity on the direction of public investment in infrastructure projects, including those in the Eastern Economic Corridor (EEC). These factors have helped underpinning private sector

9.18 77.17 Profit for non-controlling interests of the subsidiaries (0.03) (0.05) (0.02) (0.05) 0.00 15.38 SAAM Energy Development Public Company Limited - 2 - Revenue Total revenues from operation of

1,628.5 1,123.0 928.3 505.5 45.0 700.2 75.4 Profit for the period 69.8 102.8 72.1 (33.0) (32.1) (2.3) (3.2) In Q2–2019, the company’s total revenue increased from Q1–2019 and Q2–2018, representing an

Industry Public company Limited would like to explain the operating result for Quarter 1 ended of March 31, 2020 compare with the same period of the previous year as follows For the past 3 months of Quarter