of the machinery’s efficiency of the new biomass power plants which the Group acquired in the third quarter of 2020. This was led to the higher electricity unit sold. Furthermore, one of the new power

derived from sales of Biomass Power Plant which increased by Baht 95.6 million or 14.2% from increase in revenue from the new biomass power plants which the Group acquired in the third quarter of 2020. In

period. Sales of electricity also increase from partially record of revenue from the new biomass power plant which the Group acquired in 3 this period. In addition, there is revenue from maintenance to

our new power plants that became commercial operation in recent years, operational cost saving and an increase in Ft in May 2017. Normalized Net Profit (NNP)  NNP increased 19.3% year-on-year from Baht

2017 which is in line with an increase in revenue and improvement on EBITDA margin. • EBITDA margin improved to 27.7% in 2017, primarily due to high efficiency of our new power plants became commercial

six months ended June 30, 2017, primarily due to high efficiency of our new power plants became commercial operation in recent years Normalized net profit (NNP)  Normalized net profit increased 11.8

expiration during 2016-2025 to build new power plants under another 25-year period of PPA while those with the PPA expiration by 2021 is eligible PPA extension for up to 3 years while the new power plants are

million. The increase of Baht 81.7 million, mainly derived from sales of biomass power plant which increased by Baht 52.0 million as the result from one of the new biomass power plants which the Group

located in Amata City Rayong Industrial Estate) on February 1, June 1 and October 1, 2018 respectively. EBITDA • EBITDA increased 5.4% y-on-y to Baht 9,199 million in 2018 due to the operation of new power

users. EBITDA • EBITDA increased 5.6% y-on-y and 1.7% q-on-q (Baht 6,997 million in 9M’2018 / Baht 2,410 million in Q3’2018) due to the the operation of new power plants. • EBITDA margin was lower to 26.3