KASIKORN ASSET MANAGEMENT COMPANY LIMITED|Brown Field Infrastructure Fund | Offering Date : 09/09/2013 - 13/09/2013

บริษัท หลักทรัพย์จัดการกองทุนกสิกรไทย จำกัด|กองทุนรวมโครงสร้างพื้นฐานที่เสนอขายต่อผู้ลงทุนทั่วไป | วันที่เสนอขาย : 09/09/2556 - 13/09/2556

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

= Selling, general & administrative expense OUR PROJECTS ABPIF = Amata B.Grimm Power Plant Infrastructure Fund ABP1 = Amata B.Grimm Power 1 ABP2 = Amata B.Grimm Power 2 ABP3 = Amata B.Grimm Power 3 ABP4

attributable to a reduction on interest expense from ABPIF compared to previous quarter.  NNP margin improved to 10.2% in Q1’2018, primarily due to improvement of our financing cost.  NNP attributable to owner

2017 to Baht 1,842 million in 2018, primarily due to commercial operation of new plants and an improvement on financing cost mainly attributable to debt refinancing after issuing project bond in May 2018

are normally drop in volume during holiday seasons and high SG&A, 2) an improvement on financing cost mainly attributable to debt refinancing, 3) lower interest expense from ABPIF and 4) relatively

net profit (NNP)  NNP increased 28.5% y-on-y from Baht 1,479 million in 6M’2017 to Baht 1,901 million in 6M’2018, primarily due to an increase in revenue and an improvement on financing cost mainly

continued improvement in plant efficiency. • EBITDA margin increased y-on-y to 28.6% in Q2’2020 and 28.9% in 6M’2020 from 1) ABP5 and BPWHA1 improving heat rate after gas turbine upgrade in July 2019 and

2,646 million in 9M’2018, primarily due to an increase in revenue and an improvement on financing cost mainly attributable to a refinancing of project bond in April 2017 and a repayment of corporate loan