Revenue1 370.6 404.2 33.7 9.1 - Other Income from Utilities Business2 0.6 2.2 1.3 200.4 Costs of Sales and Services (262.1) (276.4) (14.2) 5.4 Gross Profit 109.1 129.8 20.7 19.0 Gross Profit from Operation3

the third quarter of 2017, Padaeng Industry Public Company Limited announces a consolidated net profit of 113.53MB, compared to a net profit of 221.45MB for the same quarter previous year. For the 9

steam boiler and balance of plants including manufacturing and installation 3. Registered Capital: 25,000 EUR or equal to 901,052.50 Baht (Average selling rate on 4th April 2019: 36.0421 Baht per Euro

Rayong Central Utility Plants during Q1/2017 resulting in lower sales volume of electricity and also the higher selling price resulted from the increase in Ft rate in Q1/2018. The higher net profit also

% - SPP 728.6 647.3 12.6% - Alternative Energy 16.3 7.7 111.0% - Power Plants under Constuction and Development (16.7) (16.9) 1.3% 1 Definition of Normalized Profit attributable to Owners of the Parent is

(10.68) Operating cost 596.69 621.42 (24.73) Gross profit 110.53 96.48 14.05 Gross profit margin 15.63% 13.44% 2.19% Other income 3.80 1.99 1.81 Selling expenses 2.13 3.04 (0.91) Administrative expenses

Weight factor during the rainy season. Accordingly, the gross profit dropped by Baht 64 million or 32%. • Rayong Central Utility Plants: Total revenue in Q3/2018 slightly declined by Baht 16 million or 0.5

No. AC 070/2562 KHON KAEN SUGAR INDUSTRY PUBLIC CO., LTD 503 K.S.L. TOWER, 9th FLOOR, SRIAYUDHYA ROAD, RAJATHEVI, BANGKOK 10400 16 September 2019 SUBJECT EXPLANATION FOR THE DECREASE IN NET PROFIT

68.9% - Power Plants under Constuction and Development (2.9) (1.7) 68.5% (7.3) (6.5) 12.5% 1 Definition of Normalized Profit attributable to Owners of the Parent is changed to Profit attributable to

from Power Business and Share of Profit from Investments and Dividend 257.61 186.22 38.3% - IPP 96.6 19.5 395.8% - SPP 139.4 168.6 -17.3% - Renewable Energy 21.4 (0.5) -4566.0% - Power Plants under