Analyst Meeting Year End 2023

4 March 2024

Agenda

1

2

3

4

RATCH

Highlights

Project

Progress

Group

Performance

Financial

Performance

5 Appendix

Financial Highlights

EBITDA

14,124 Million Baht (10.2 % YoY)

Total Revenue

50,648 Million Baht

Finance Performance (12 Months)

Financial Position Financialas of ratios 31 December 2023

Normal Profit

5,034 Million Baht (-13.4% YoY)

Net Profit

5,167 Million Baht (-10.6% YoY)

Liabilities

Equity

106,346

107,133

Million Baht

Million Baht

Assets

213,479 Million Baht

Debt to Equity

ROE

0.99 (times)

5.14 (%)

Power

Business

48,275

Million Baht

(95%)

Revenue

Generating

from

Renewable

Power Plants

15%

Non-Power

Business

2,373

Million Baht

(5%)

Revenue

Generating

from

Conventional

Power Plants

85%

3

Business Highlights

Establishment of Xekong 4 Power Company Limited on 7 December 2024 and signing PPA on 25 December 2024

Lao World

Engineering and

Construction Co.,

Ltd.

60%

20%

20%

Xekong 4

Power Co., Ltd.

("XK4")

Xekong 4 PowerCo., Ltd. :

Registered capital: LAK 16,383

million

RATCH's proportion: LAK 9,829.80

million (approx. Baht 16.7 million) Objective: To develop and operate the Xekong 4A and 4B Hydroelectric Power Projects

Xekong 4A and 4B Hydroelectric Power Projects:

Installed Capacity : 355 MW

Location: Xekong Province, Lao PDR

PPA: 27-year PPA with EGAT

Expected COD: 2033

4

Business Highlights

Signing 25-year PPA for Solarist

Thungfai Company Limited

Solarist Thungfai Company Limited,

a subsidiary of Sahacogen (Chonburi) Public Company Limited (SCG) in which RATCH has

51.67% stake.

Developing a solar project with contracted capacity of 27 MW in Lampang.

Expected COD in 2030.

Receiving a Feed-in-Tariff (FiT) rate of THB

2.1679 per kilowatt-hourthroughout the

contract term.

5

Business Highlights

Signing a Shareholders Agreement with Principal Healthcare to invest in a secondary care private hospital "PRINC Mukdahan Hospital"

PRINC Mukdahan Hospital:

A secondary private hospital with

10%

59 beds.

25%

75%

Principal Healthcare -

Mukdahan

Company Limited

("PMDH")

Objective: To expand investment network for the private hospital service business in upper northeast region, in line with the previous investment - PRINC Sakon Nakhon Hospital

Expected to complete the construction: 4Q/2024

6

Business Highlights

Purchasing shares to invest in Minh Luong Hydroelectric Power Plant in Vietnam

49%

Nexif Ratch Energy Investments Pte. Ltd.

("NREI")

100%

USD 25 million (approx. Baht 860 million.)

Minh Luong

Hydroelectric

Power Plant

Minh Luong Hydroelectric Power Plant

  • Location: Lao Cai province in North West of Vietnam
  • Capacity: 30 MW
  • Attributable capacity: 14.7 MW
  • PPA: 20-year PPA with
    Vietnam Electricity Authority
    COD: April 2018

7

Business Highlights

MRT Pink Line Project received Substantial Commissioning Certificate on December 31, 2023.

Routes

Concession Period Concessioner

RATCH's stake Trial Run

COD

Khaerai-Min Buri,

34.5 km. 30 Stations

30 Years from COD

Mass Rapid Transit

Authority of Thailand

10%

21 November 2023

31 December 2023

Business Highlights

Hin Kong Power Plant Project

Hin Kong Power Holding Company Limited ("HKH") has been granted an LNG shipper license to import LNG in the amount of 1.4

million tons per annum (MTPA).

  • RATCH's stake in HKH: 51%
  • HKH entered into a short-term LNG Supply Agreement with
    Gunvor Singapore Pte. Ltd. ("Gunvor")
  • Gunvor will supply approximately 0.5 MTPA of LNG to HKH.
  • On 28 February 2024, HKH successfully imported the firstLNG shipment of approximately 62,000 tonnes in preparation for the commercial operation of Hin Kong Combined-Cycle Power Plant Unit 1 (contracted capacity of 700 MW). This marks HKH as the first private companyin Thailand to initiate LNG imports.
  • On 1 March, 2024, Hin Kong Combined-CyclePower Plant Unit 1

has commenced the operation.

9

RATCH's Power Plant Portfolio

Renewable Energy

27.4%

2,973.88

Conventional

72.6%

10,848 7,874.12

MW

Laos

751.20 MW

669.10 MW

1,420.30 MW Total

(13.09%)

Thailand

5,396.34 MW

108.71 MW

5,505.05 MW Total

(50.75%)

Vietnam

136.71 MW

129.48 MW

266.19 MW Total

(2.45%)

Japan

2.02 MW

(0.02%)

Philippines

549.83 MW

(5.07%)

Australia

Indonesia

886.67 MW

123.05 MW

1,009.72 MW Total

(9.31%)

As of February 2024

703.20 MW

1,391.69 MW

2,094.89 MW Total

(19.31%)

10

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Ratchaburi Electricity Generating Holding pcl published this content on 04 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 March 2024 06:44:01 UTC.