DCORP 027/2018 Date 13 March 2018 Subject Board of Directors’ meeting resolution regarding the operation of the biogas power plant project of Aukkrarawat Plant Renewable Energies Co., Ltd. (“Aukkrarawat

DCORP 020/2018 Date 27 February 2018 Subject: Board of Directors’ meeting resolution regarding the operation of the biogas power plant project of Aukkrarawat Plant Renewable Energies Co., Ltd

coping with disruptive technologies. Despite the high competition in power industry, EGCO has successfully expanded its investment as follows; - EGCO expanded its portfolio with new investment in 19.8 MW

. Private consumption has tended to slow down due to lower income and employment rate, especially in the export sector. In addition, consumers' purchasing power is still affected by high household debt and

factors have not yet been fully reflected in household purchasing power due to high levels of household debt. Consequently, the increase in household income is being partly used to repay debt, and so will

507,119 445,782 (12%) n/a n/a 1,562,475 n/a Average Coal Cost (exclude transportation cost) (USD/Ton JPU) n/a 98.71 101.25 (3%) n/a n/a 100.04 n/a Comparing 2019 vs 201812M The revenue of Independent Power

PowerPoint Presentation MANAGEMENT DISCUSSION & ANALYSIS THE INNOVATIVE POWER FLAGSHIP OF PTT GROUP MD&A Q1/2019 PAGE 1 MANAGEMENT DISCUSSION & ANALYSIS (MD&A) Q1 2019 For Q1/2019, the EBITDA of the

transportation cost) (USD/Ton JPU) 93.78 101.25 90.89 (10%) (3%) Total cost of sales of goods and rendering of services of Independent Power Producer (IPP) increased mainly due to: • The cost of natural gas

, mainly due to the enter of high season following the end of an intense rainy season in Q3/2018. Moreover, there was a full quarter profit realization from the solar power plant project in collaboration

debt and low agricultural prices continued to have an adverse effect on purchasing power. Tourism has been dampened by the deterioration in Chinese tourist arrivals during the first half of 2019. The