fan decrease THB 14.23 million the same period last year the Company reserved for loss from stock devaluation THB 12.79 million included in cost of sales. 2.3) Cost of renewable energy decrease THB 0.01

decrease was derived from engineering service, solar energy, and Trading business. • Overall gross profit margin decreased from 13.3% to 9.1% amount Baht (24.09) million. 2019 2018 Revenue 383.44 443.08

of the impairment of products into the cost of sales account equal to the cost of sales. 2.2 The cost of renewable energy amounted to 15.19 million baht, a decrease of 0.21 million baht or 1.37%. 2.3

sales. 2.2 The cost of renewable energy amounted to 23.04 million baht, a decrease of 0.64 million baht or 2.84% due to increased repair and maintenance costs . 2.3 Cost from banquet halls and restaurants

, and renewable energy project development. In 2019, cost of sales and services amounted to THB 19.03 million, reflecting a THB 1.55 million or 7.55% decrease from the previous year (in 2018: THB 20.58

8.18 million since the Company expanded products to all Home Pro branches 1.2) Revenue from selling of electricity decrease THB 0.60 million or 1.23% due to the production decreased because of the rain

revenues of the group of companies for the year of 2021 had total revenue of 128.09 million baht, a decrease of 15.93 million baht or 11.50% when compared to the same period of the previous year due to 1.1

SAAM Energy Development Public Company Limited - 1 - 7 August 2020 Subject: Management Discussion and Analysis for the period ended 30 June 2020 To: The President The Stock Exchange of Thailand SAAM

2017. In 2018, the revenues from renewable energy are starting to contribute a significant portion of the profits. Sales and services of Q1 2018 reached 1,289.28MB, a decrease of 15% from 1,516.71MB in

of Baht 1,299.43 million, the decrease in revenue from energy sector by Baht 39.15 million due to raw materials and the decrease in revenue from chemicals by Baht 49.98 million. However, the Company