, please contact Investor Relations Division of the Electricity Generating Public Company Limited at Tel: 662-998-5150-3 or Email: ir@egco.com Page 2 Management Discussion and Analysis 1. Power Industry and

more volume in selling High Tensile Steel, Electricity however there is burden on cost of Buriram Power Plant (during the repairmen of equipment which damage during power generation process which lead to

decrease from 188,153 gigawatt-hours in 2016. A decrease in electricity consumption was mainly resulted from an increasing trend of Independent Power Supply and the governmental promotion of energy saving

net profit margin increased from 27% in the second quarter of 2019 to 35% in the second quarter of 2020 because its sales of electricity increased as it recognized RH’s and AVA’s sales of electricity in

PCL) has more sale volume and Ua Withya PCL has more revenue from selling electricity to Provincial Electricity Authority in Nakhon Ratchasima province and also more revenue from selling electricity of

Municipal Solid Waste Power Plants 111.7 127.9 127.8 (0.1%) 14.4% 355.5 369.7 4.0% Sales of electricity - Base tariff and Ft 4.7 5.2 5.1 (1.9%) 8.5% 13.1 15.6 19.1% Sales from Solar Energy Power Plants 4.7

gas-fired combined cycle cogeneration power that commenced COD on February 1, 2018. It has an installed capacity of 133 MW and sells electricity to EGAT 90 MW under a 25-year PPA. The Project was able

of electricity - Base tariff and Ft 3.4 2.8 0.6 21.4 Sales from Solar Energy Power Plants 3.4 2.8 0.6 21.4 Total sales and service income 1,314.1 1,216.6 97.5 8.0 Sales and service income (included

Joint Ventures. By Category of Power Plant 2Q2016 2Q2017 Increase /(Decrease) Baht million Baht million Baht million % IPP 205.1 563.1 358.0 174.6 SPP 20.1 99.6 79.5 395.0 Alternative Energy 0.4 2.2 1.8

and Ft 727.0 806.7 79.7 11.0% FiT Premium 33.2 19.6 (13.6) (41.0%) Sales of electricity to Industrial Users (IU) 6.9 6.8 (0.1) (1.4%) Sales from Biomass Power Plants 767.1 833.1 66.0 8.6% Revenue from