Public Company Limited 1 Over View 2 Our Power Business 3 Our - PowerPoint PPT Presentation

Energy Absolute Public Company Limited

1 Over View 2 Our Power Business 3 Our Biodiesel Business 4 Our Financial Results 5 Our Growth 2

E@ at a Glance In 2006 to produce palm oil Established Renewable Energy Core Business The Stock Exchange of Thailand since 30 Jan 2013 Secondary Market Approximately THB 138.01 billion (US$ 4.6 billion) Market Capitalization Included in the SET50 index from 1 July 2017 onwards As of 25 July 2017 Liquidity Free Float 39.86% Closed price : THB/share ‘ 000 shares 40.00 450,000 400,000 35.00 350,000 30.00 300,000 25.00 250,000 20.00 200,000 15.00 150,000 10.00 100,000 5.00 50,000 0.00 0 Total Volume Closed Price 3

Shareholder Structure Mr.Somphote Ahunai Chief Executive Officer Education • MBA from University of Pittsburgh, USA • Bachelor of Engineering from Chulalongkorn University, Thailand As of 14 March 2017 Previous Work • Analyst and Researcher in USA. • Managing Director of a Securities Brokerage company in 40% Thailand 52% • Managing Director of a Renewable Energy company in Thailand 5% * Mr.Amorn Sapthaweekul 3% Somphote Ahunai (CEO) Deputy to CEO and Chief Finance Officer Amorn Sapthaweekul (CFO) BBL AM Education Others • Master of Science from Chulalongkorn University, Thailand • Bachelor of Business Administration Number of Total Shareholders = 8,223 (Finance and Banking) from Thammasat University, Thailand Previous Work • Investment Banker and Financial Advisor, • Director in a Renewable Energy company 4

Opportunity Base on AEDP 2015-2036 Alternative Energy Development Plan : AEDP 2015-2036 source : The Energy Regulatory Commission (ERC) Target of Alternative Energy = 30 % in 2036 Industrial Solar Wind Mini Hydro Hydro Energy Corp Bioenergy Biofuel Waste 6,000 MW 3,002 MW 376 MW 2,906.4 MW 680 MW 50 MW - Ethanol 11.3 ML/d Biomass Biogas Waste - Biodiesel 14 ML/d 5,570 MW 600 MW 500 MW - CBG 4,800 Ton/d - Pyrolysis Oil 0.53 ML/d In order to support investment in alternative energy according to AEDP, BOI has granted tax privilege. Tax exemptions for the first 8 years and half of tax rate for year 9 th to 13 th 0% 50% of normal rate normal rate 8 13 5

Our Growth and New Business 6

Strong Contribution of Power Business 2013 2014 2015 2016 2Q/2017 Revenue THB mil. % THB mil. % THB mil. % THB mil. % THB mil. % Biodiesel Business 3,733 93% 5,396 71% 5,242 57% 4,890 47% 2,253 40% Power Business 203 5% 2,187 29% 3,956 43% 5,491 53% 3,326 59% Other income 63 2% 18 0% 15 0% 58 1% 34 1% Total Revenue 3,999 7,601 9,212 10,439 53% 5,613 2015 2016 2Q/2017 1% Revenue 43% 47% 40% 53% 57% 59% 1% 0% Net Profit 9% 91% 99% 100% Biodiesel Business Power Business EA is a operational holding company, thus net profit of biodiesel 7 business is including administrative expenses of the group.

1 Over View 664 2 Our Power Business MW 3 Our Biodiesel Business 4 Our Financial Results 5 Our Growth 8

Project Pipeline MW 664 F2018 404 278 188 Solar 98 98 42% Wind 8 58% 278 MW 386 MW + 8 MW + 90 MW + 90 MW + 90 MW Solar Nakorn- Phitsanu- Lopburi Lampang sawan lok Had Kanghan 126 MW (Songkhla and Nakornsritammarat ) Wind Hanuman + 260 (Chaiyaphum) MW 9

Electricity Price Structure Ft Baht/ Adder Base 10 years from Tariff Fuel kWh COD Adjustment Charge Solar Solar Wind Peak Time: 8 Bt. 6.5 Bt. 3.5 Bt. Weekdays 09.00 – 22.00 Nakornsawan HKH 1 = 36 mw 4.22 Bt./kWh -0.2477 Bt./kWh 90 mw Until Mar 2027 Until Dec 2023 for May – Aug 2017 Off-Peak Time: Lopburi Weekdays Lampang HKH 2&3 =90 mw 8 mw 22.00 – 09.00 90 mw + Weekend + Holidays Until Jun 2027 Until Oct 2.36 Bt./kWh Until Feb 2025 2022 Hanuman Phitsanulok Projects 90 mw * From Sep 2017 will be 260 mw Until Apr 2026 -0.159 Bt./kWh 10

Solar Power 278 MW 3 4 Lampang (THB 8.07 bil) Phitsanulok (THB 9.5 bil) Contracted Cap: 90 MW Contracted Cap: 90 MW Installed Cap : 128.396 MW Installed Cap : 133.92 MW Technology: Tracking system Technology: Tracking system COD : 17 Feb 2015 COD : 1 Apr 2016 Land area : 2,354 Rais (930 acres) Land area : 1,800 Rais (732 acres) Adder : 6.50 baht/kwh Adder : 6.50 baht/kwh 2 1 Nakornsawan (THB 6.7 bil) Lopburi (THB 812 mil) Contracted Cap: 90 MW Contracted Cap: 8 MW Installed Cap : 126.126 MW Installed Cap : 9.33 MW Technology: Fixed system Technology: Fixed System COD : 23 Dec 2013 COD : 17 Oct 2012 Land area: 1,858 Rais (735 acres) Land area: 315 Rais (124.5 acres) Adder : 6.50 baht/kwh Adder : 8 baht/kwh 11 Note : 1 acre = 2.529 rais

Wind Power 386 MW 2 Hanuman : HNM (Chaiyaphum) THB 20 bil. Contracted Cap: 260 MW SCOD : Q2-3/2018 Adder : 3.50 baht/kwh 1 Hadkanghan : HKH Status: During Construction (East Coast Southern) THB 10.4 bil. Seasonal of wind in Thailand Contracted Cap: 126 MW COD : HKH 1 = 36 MW COD 3 Mar 17 HKH 2 = 45 MW COD 10 Jun 17 HKH 3 = 45 MW COD 23 Jun 17 Adder : 3.50 baht/kwh Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec P90 (Base case) P50 (Best case) 12

Lopburi Solar Farm 8 MW ESLO : COD 17 Oct 2012 2015 2016 2Q_2016 2Q_2017 Total Power Output (kWh) 14.6 mil. 13.9 mil. 7.11 mil. 6.91 mil. Average Daily Output (kWh) 39,893 37,867 39,077 38,232 Unit : kWh/day 50,000 45,000 40,000 35,000 Daily AVG 2014 30,000 Daily AVG 2015 25,000 Daily AVG 2016 20,000 Daily AVG 2017 15,000 10,000 5,000 - JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 13

Nakornsawan Solar Farm 90 MW ESN : COD 23 Dec 2013 2015 2016 2Q_2016 2Q_2017 Total Power Output (kWh) 189.6 mil. 189.1 mil. 97.23 mil. 95.49 mil. Average Daily Output (kWh) 520,763 516,755 534,499 528,730 Unit : kWh/day 700,000 600,000 500,000 Daily AVG 2014 400,000 Daily AVG 2015 300,000 Daily AVG 2016 Daily AVG 2017 200,000 100,000 - JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 14

Lampang Solar Farm 90 MW ESL : COD 17 Feb 2015 2015 2016 2Q_2016 2Q_2017 Total Power Output (kWh) 191.3 mil. 197.9 mil. 105.48 mil. 109.26 mil. Average Daily Output (kWh) 601,474 540,737 583,399 604,978 Unit : kWh/day 800000 700000 600000 500000 Daily AVG 2015 400000 Daily AVG 2016 300000 Daily AVG 2017 200000 100000 0 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 15

Phitsanulok Solar Farm 90 MW ESP : COD 1 Apr 2016 2016 2Q_2016 2Q_2017 Total Power Output (kWh) 165.6 mil. 60.11 mil. 118.58 Average Daily Output (kWh) 602,221 652,010 656,060 Unit : kWh/day 800000 700000 600000 500000 Daily AVG 2016 400000 Daily AVG 2017 300000 200000 100000 0 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 16

Higher Output from Sun Tracking System Tracker Fixed Daily Average : kWh 656,060 602,221 700000 528,730 513,695 600000 500000 Nakornsawan 400000 Phitsanulok (Tracking) 300000 200000 100000 0 APR-DEC 2016 JAN-JUN 2017 17

Hadkanghan Wind Farm 126 MW Unit : kWh/day Unit : Meter/Second HKH1 : 36 MWh 3 Mar-31 Jul 600,000 12.00 500,000 10.00 Total Power Output (kWh) 20.42 mil. 400,000 8.00 Average Daily Output (kWh) 143,778 300,000 6.00 200,000 4.00 Average Wind Speed (M/Sec) 4.77 100,000 2.00 Average Power Efficiency 16.64% 0 0.00 800,000 10.00 HKH2 : 45 MWh 10 Jun-31 Jul 700,000 8.00 600,000 Total Power Output (kWh) 16.86 mil. 500,000 6.00 Average Daily Output (kWh) 324,292 400,000 4.00 300,000 Average Wind Speed (M/Sec) 6.00 200,000 2.00 100,000 Average Power Efficiency 30.0% 0 0.00 1,000,000 12.00 HKH3 : 45 MWh 23 Jun-31 Jul 10.00 800,000 Total Power Output (kWh) 15.22 mil. 8.00 600,000 Average Daily Output (kWh) 6.00 390,292 400,000 4.00 Average Wind Speed (M/Sec) 6.30 200,000 2.00 Average Power Efficiency 36.10% 18 0 0.00

Quarterly Power Output Unit : Mil. kWh 188 200 165 166 152 144 Total Contract 150 119 105 Capacity 103 98 100 76 56 53 52 51 Solar 50 278 MW 0 Wind 2014 2015 2016 2017 126 MW Q1 Q2 Q3 Q4 Actual power High production from Solar Power Plant is in production 2Q2017  Q2 and low in Q3 23,542,103, EA’s highest output in Q 2/2017 resulted from 7%  Solar high season of solar power and COD of 126 Wind MW Wind Power Plant with strong power efficiency. 330,245,165, 93% 19