aims to support the Thai capital market's moving towards the new age of financial landscape by promoting expansive information access, new services by newcomers, cost-effective market infrastructure

) Natural gas (SPP) Maintenance fee Other raw materials Others Cost of sales and services (exclude depreciation and amortization) (THB million) Industrial and chilled water +9% YoY +14% QoQ -4% YoY Management

due to the decreased in revenue from solar cell implementation service from Combine Heat and Power Producing Company Limited (CHPP) as well as the decrease in revenue from chilled water following the

) Industrial and chilled water Steam 28% 35% 30% 37% 33% 35% 33% 30% 32% 2% 2% 2% 5,553 5,366 5,459 Q2/2016 Q1/2017 Q2/2017 -2% YoY +2% QoQ -2% 28% 35% 30% 60% 51% 56% 5% 5% 5% 4% 5% 5% 3% 3% 3% 4,302 4,268

revenue from chilled water of Combine Heat and Power Producing Company Limited (CHPP). The Proportion of Gross Profit in Q2/2019 Small Power Producer (SPP) Baht 3,616 million (60%) Independent Power

) Industrial and chilled water Revenue (THB million) Natural gas (SPP) Maintenance fee Other raw materials Cost of sales and services (exclude depreciation and amortization) (THB million) Management Discussion

and amortization) (THB million) Industrial and chilled water +7% YoY +18% QoQ Management Discussion & Analysis Management Discussion & Analysis (MD&A) Q1/2018 Selling and administrative expenses In Q1

(THB million) Natural gas (SPP) Maintenance fee Other raw materials Others Cost of sales and services (exclude depreciation and amortization) (THB million) Industrial and chilled water +66% YoY +7% QoQ

decreased by Baht 1 million mainly due to the increase in total cost of sales of goods and rendering of services from Combine Heat and Power Producing Company Limited (CHPP) despite the increase in chilled

more expansive exports sector. Meanwhile, government investment still played a key role in propelling the economy, although it slowed down somewhat, accelerating in the previous quarter. The company