company of WHAUP group with 33.33% stake, started commercial operation of its 8.6 MW waste-to-energy power plant in 4Q2019. PERFORMANCE BY BUSINESS Total Revenue and Share of Profit/(Loss) of Utilities

33.33% stake, started commercial operation of its 8.6 MW waste-to-energy power plant in 4Q2019. PERFORMANCE BY BUSINESS Total Revenue and Share of Profit/(Loss) of Utilities Business in 2019 was Baht

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

243.8 77.1% Sales of electricity - Base tariff and Ft 2.2 3.4 5.0 47.1% 127.3% 5.0 8.4 68.0% Sales from Solar Energy Power Plants 2.2 3.4 5.0 47.1% 127.3% 5.0 8.4 68.0% Total sales and service income

tariff and Ft 3.4 5.0 4.7 (6.0%) 38.2% 8.4 13.1 56.0% Sales from Solar Energy Power Plants 3.4 5.0 4.7 (6.0%) 38.2% 8.4 13.1 56.0% Total sales and service income 1,286.0 1,386.0 1,467.7 5.9% 14.1% 3,744.9

Power Plants 114.0 127.9 127.8 133.5 5.7 4.5% 482.2 503.2 21.0 4.4% Sales of electricity - Base tariff and Ft 5.3 5.2 5.1 4.4 (0.7) (13.7%) 17.8 20.0 2.2 12.4% Sales from Solar Energy Power Plants 5.3 5.2

(0.8%) Sales of electricity - Base tariff and Ft 5.0 5.3 5.2 (1.9%) 4.0% 8.4 10.5 25.0% Sales from Solar Energy Power Plants 5.0 5.3 5.2 (1.9%) 4.0% 8.4 10.5 25.0% Total sales and service income 1,386.0

- - 11.4 17.8 6.4 56.1% Sales from Solar Energy Power Plants 3.4 5.0 4.7 4.7 - - 11.4 17.8 6.4 56.1% Total sales and service income 1,314.1 1,386.0 1,467.7 1,559.1 91.4 6.2% 4,987.6 5,726.9 739.3 14.8

513.0 3.6% - Alternative Energy 4.4 2.3 87.6% 10.3 5.9 76.3% - Power Plants under Constuction and Development (3.6) (3.3) 9.2% (10.9) (9.8) 11.4% 1 Definition of Normalized Profit attributable to Owners

developed and operated its own Reneable Energy Projects for industrial customers started from Solar Rooftop Projects. WHAUP recognized Power Business performance in a form of (i) Revenu, (ii) Share of Profit