Corporate Presentation Financial Results Ended December 31, 2012 March 13, 2013 1
Highlights 2012 Financial Results EGCO Group s Overview 2012 Highlights 2012 Financial Results EGCO Group s Overview 2
Highlights 2012 Financial Results EGCO Group s Overview 2012 Highlights Acquisition Operating Projects Acquisition Under Construction Projects 3
Highlights 2012 Financial Results EGCO Group s Overview Categories IPPs Renewable Power Plants Other Business Total Capacity : 230 MWe Consist of : - Quezon Description Total Capacity : 46 MWe Consist of : - SPP 2 - SPP 3 - SPP 4 - SPP 5 - G-Power Source (GPS) : Phase 1-4 Absolute Power P (Bio Diesel Plant) - Capacity : 300,000 Liter per day Manambang Muara Enim Coal Mine (Open-Pit Coal Mine) - Reserve: 140 Million Tons of Coal Mine 4
Highlights 2012 Financial Results EGCO Group s Overview November 2008 : Acquired 23.40% stake in Quezon March 2009 : Acquired 2.6% stake in Quezon (26.00% of total stake) December 2010 : Acquired additional 26.125% stake in Quezon Quezon Power (Philippines) Co., Ltd. (52.125% of total stake) May 2012 : Acquired additional 45.875% stake in Quezon (98.00% of total stake) Type : Coal Fired Power plant Contracted Capacity : 460 MW Location : Quezon Province, Philippines COD : May 2000 5
Highlights 2012 Financial Results EGCO Group s Overview May 2012 : Acquired 99.99% stake in SPP2 Co., Ltd. SPP Two Co., Ltd. Type : Solar Power Contracted Capacity : 8 MW Location : Saraburi Province COD : May 2012 February 2012 : Acquired 99.99% stake in SPP3 Co., Ltd. SPP Three Co., Ltd. Type : Solar Power Contracted Capacity : 8 MW Location : Si Sa Ket Province COD : February 2012 6
Highlights 2012 Financial Results EGCO Group s Overview January 2012 : Acquired 99.99% stake in SPP4 Co., Ltd. SPP Four Co., Ltd. Type : Solar Power Contracted Capacity : 6 MW Location : Si Sa Ket Province and Ubon Ratchathani Province COD : January 2012 SPP Five Co., Ltd. June 2012 : Acquired 99.99% stake in SPP5 Co., Ltd. Type : Solar Power Contracted Capacity : 8 MW Location : Roi Et Province COD : June 2012 7
Highlights 2012 Financial Results EGCO Group s Overview March 2012 : Acquired 60% stake in G-Power Source Co., Ltd. G-Power Source Co., Ltd Type : Solar Power Contracted Capacity : 4x6.5 MW (Total 26 MW) Location : Nakorn Sawan Province (Phase : 1), Chai Nat Province (Phase : 2-3) Phetchabun Province (Phase 4) COD : March 2012 (Phase 1-3) / Feb 2013 (Phase 4) GPS : Phase 2 GPS : Phase 4 GPS : Phase 1 GPS : Phase3 8
Highlights 2012 Financial Results EGCO Group s Overview May 2012 : Acquired 50% stake in Absolute Power P Co., Ltd. Absolute Power P Co., Ltd Type : Bio Diesel Plant Capacity : 300,000 litre per day Location : Rojana Industrial Park, Rayong Province COD : October 2011 Manambang Muara Enim Co., Ltd. August 2012 : Acquired 40% stake in Manambang Muara Enim Co., Ltd. Type : Open-pit coal mine (Sub-Bituminous 5,800kCal/kg) Reserve : 140 Million Tons Location : Muara Enim Regency, South Sumatra Republic of Indonesia COD : March 2010 9
Highlights 2012 Financial Results EGCO Group s Overview 2012 Highlights Acquisition Operating Projects Acquisition Under Construction Projects 10
Highlights 2012 Financial Results EGCO Group s Overview Categories Renewable Power Plants Description Total Capacity 37 MWe Consist of : - Theppana Wind Farm Power Project (TWF) - Hat Yai Municipal Waste Power Plant (GIDEC) - Yanhee Solar Power Project (Solarco) 11
Highlights 2012 Financial Results EGCO Group s Overview Theppana Wind Farm Power Project (TWF) Project Description Type : Wind Farm Power Plant Installed Capacity : 6.9 MW Contracted Capacity : 6.9 MW Location : Watabak, Chaiyaphum Province COD Expected in August 2013 Shareholder EGCO 90% and PVI Group 10% Project Progress - Completed for WTG foundation construction - In process of construction Blades tower 12
Highlights 2012 Financial Results EGCO Group s Overview Hat Yai Municipal Waste Power Plant (GIDEC) Project Description Type : Municipal Solid Waste Plant Installed Capacity : 7 MW Contracted Capacity : 6.5 MW Location : Hat Yai, Songkhla Province COD Expected in August 2013 Shareholder EGCO 50% and IEC Green Energy 50% Project Progress - In process of construction Drying room and Turbine 13
Highlights 2012 Financial Results EGCO Group s Overview Yanhee Solar Power Project (Solarco) Project Description Type : Solar Power Plants Installed Capacity : 57 MW Contracted Capacity : 6x9.5 MW (Total 57 MW) Location : Suphan Buri Province (Phase : 1) and Nakhon Pathom Province (Phase : 2-6) COD Expected in December 2013 Shareholder EGCO 49% and Yanhee Solar Power 51% Project Progress - In process of landfill, dyke construction, leveling work and compaction 14
Agenda Highlights 2012 Financial Results EGCO Group s Overview 2012 Highlights 2012 Financial Results EGCO Group s Overview 15
Net Profit before FX Actual 2011 VS Actual 2012 Highlights 2012 Financial Results EGCO Group s Overview Million Baht 12,000 10,000 8,000 6,000 4,000 2,000 0 Power Generation 5,301 161 + 759 or 14.32% 10,242 4,182 6,060 295 5,140 5,765 2011 2012 Others Profit from business combination 16
10,000 8,000 6,000 4,000 2,000 12M11 VS 12M12 Net Profit before FX Cont d. Million Baht 5,301 Highlights 2012 Financial Results EGCO Group s Overview Decrease in AP BLCP (26) GPG (64) Rayong (157) KEGCO (401) (648) 4,653 Operating Performances QPL 831 GPG 235 KEGCO 164 ESCO 128 Rayong 126 Conal 31 BLCP 26 Roi-Et Green 7 EGCOM Tara (4) NTPC (24) EGCO (433) (690) 3,963 Plant Outage EGCO Cogen (314) GEC- NKCC (376) 4,034 71 5,121 1,087 Maintenance KEGCO (80) Rayong 96 GPG 55 6,060 939 10,242 10,242 4,182 Gain on Combination New Projects QPL 565 NED 176 SPP2 43 SPP3 35 SPP4 42 SPP5 39 GPS 39 MME 26 YEH (1) GIDEC (4) TWF (5) APPC (16) 0 12 M/2011 12 M/2012 17
2012 Net Profit before FX ; Breakdown Highlights 2012 Financial Results EGCO Group s Overview Roi-et Green 142 MB, 2% ET 121 MB, 2% GEC 30 MB, 1% Conal 34 MB, 0% MME 25 MB, 0% NED 160 MB, 2% ESCO 164 MB, 2% GPS, SPP2-5 198 MB, 3% REGCO 308 MB, 4% BLCP 2,040 MB NTPC 742 MB 10% 27% Quezon 1,655 MB 22% 25% GPG(KK2) 1,885 MB Note: Excluding EGCO, EGCO Cogen, KEGCO, APPC 18
EGCO & Subsidiaries Outstanding Loan Highlights 2012 Financial Results EGCO Group s Overview Total Outstanding As of 31 Dec 2011 Total Outstanding As of 31 Dec 2012 USD 110 M USD 761 M JPY 470 M JPY 367 M THB 8,365 M THB 12,814 M Total Outstanding (Baht Equivalent) THB 12,068 M THB 36,287 M 19
Debt/Equity Highlights 2012 Financial Results EGCO Group s Overview Times (X) 0.7 0.6 0.60 Debt 41,004 EGCO + Subsidiaries Unit: MB 0.5 0.4 0.41 0.40 Equity 68,320 0.3 0.2 0.1 0 0.28 0.28 0.23 0.25 0.21 0.23 0.18 0.18 0.17 0.15 0.11 2006 2007 2008 2009 2010 2011 2012 EGCO+Subsidiaries EGCO only Debt Debt 22,387 Equity Equity 56,527 EGCO only Unit: MB Debt Equity
Cash Flow Summary : EGCO ONLY Highlights 2012 Financial Results EGCO Group s Overview 2012 Beginning Balance of Cash and Deposits at financial institutions 7,471 Net Cash Received from (Payments in) Operating Activities 1,027 Net Cash Received from (Payments in) Investing Activities (14,520) Investment in subsidiaries & JVs (17,052) Dividend received from subsidiaries & JVs 3,775 Shareholder Loan (1,100) Others (143) Net Cash Received from (Payments in) Financing Activities 7,239 Loans from financial institution (net) 10,606 Dividend paid to shareholders (2,895) Interest Payment (472) Ending Balance of Cash and Cash Deposits at financial institutions 1,217 21
Dividend Payment Baht/ Share 7 6 5 4 3 2 1 0 2.25 Highlights 2012 Financial Results EGCO Group s Overview 6.00 3.25 3.00 2.75 2.50 5.25 5.25 5.25 4.75 5.00 4.00 2.50 2.75 2.75 2.75 2.50 2.25 1.50 1.75 1.25 1.50 1.25 2.25 2.50 2.50 2.50 2.50 2.75 1.00 1.25 1.25 1.50 1.50 1.75 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Final Interim 3.25 Proposed to AGM 2013 22
EGCO Group Investments & CAPEX for developing projects Highlights 2012 Financial Results EGCO Group s Overview Investment of EGCO Group Million Baht 2008 2009 2010 2011 2012 6,560.94 1,307.86 3,324.54 7,643.32 21,941.92
Agenda Highlights 2012 Financial Results EGCO Group s Overview 2012 Highlights 2012 Financial Results EGCO Group s Overview 24
Agenda Highlights 2012 Financial Results EGCO Group s Overview EGCO Group s Overview Shareholders and Portfolio Progress of Work Corporate Strategies 25
EGCO s Shareholders As of February 11, 2013 Highlights 2012 Financial Results EGCO Group s Overview EGAT 25.41% TEPCO 50% NDF* 50.11% NVDR 10.36% 10.43% TEPDIA 23.94% Others 49.89% Foreign Investors 19.90% Thai Investors 20.30% Mitsubishi 50% * Nuclear Damage Liability Facilitation Fund 26
EGCO Group s Power Plants Portfolio Highlights 2012 Financial Results EGCO Group s Overview As of February 2013, EGCO Group s portfolio comprised of 20 operating power plants, presenting the totaling to 4,712 MWe. IPPs SPPs Renewable Overseas 64 MWe 293 MWe 902 MWe 3,453 MWe 27
EGCO Group s Power Plants Portfolio Highlights 2012 Financial Results EGCO Group s Overview As of February 2013, EGCO Group s portfolio consisted of 5 under construction power plants, 3 under development power plants and 2 potential projects, presenting the totaling to 1,726 MWe. Under Construction Under Development Potential Project 201 MWe 1,150 MWe 375 MWe Consequently, EGCO Group s grand total portfolio will become 6,438 MWe. 28
EGCO Group s Other Business Portfolio Highlights 2012 Financial Results EGCO Group s Overview EGCO Group s other business portfolio comprised of 4 companies namely : Company Business Type EGCO Engineering and Service Co., Ltd. (ESCO) Egcom Tara Co., Ltd. (Egcom Tara) Absolute Power P Co., Ltd. Manambang Muara Enim Coal Mine (MME) O&M Water Bio Diesel Coal Mining 29
Agenda Highlights 2012 Financial Results EGCO Group s Overview EGCO Group s Overview Shareholders and Portfolio Progress of Work Corporate Strategies 30
Solarco Solar Power Theppana Wind Farm NED GIDEC Projects in pipeline New Khanom Power Plant TP Cogeneration SK Cogeneration Quezon Under Construction Projects Under Development Projects Potential Projects TJ Cogeneration TP Cogeneration Xayaburi Hydro Power SK Cogeneration 2013 2014 2015 2016 2017 2018 2019 2020 31
Agenda Highlights 2012 Financial Results EGCO Group s Overview EGCO Group s Overview Shareholders and Portfolio Progress of Work Corporate Strategies 32
EGCO Group s Corporate Strategies Highlights 2012 Financial Results EGCO Group s Overview Managing existing power plants to be operated efficiently as planned. Managing power plant projects which are under construction to be completed by time schedule and within the budget. Exploring for opportunities to new projects investment both in Thailand and abroad, particularly in Asia. 33
THANK YOU 34
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Thailand s Power Industry EGCO Group s Overview 2012 Financial Results As of 31 December 2012, Thailand s Power Installed Capacity was 32,600.21 MW. 7.0% 7% EGAT IPP SPP IMPORT 15,010 MW 12,742 MW 2,444 MW 2,405 MW 32,600 MW 39% 46% EGAT IPP SPP IMPORT 36
Thailand s Power Generation Classified by Fuel Type EGCO Group s Overview 2012 Financial Results Natural Gas is the primary source of fuel for Thailand s Power Generation. 17% NATURAL GAS 21,562 MW HYDRO COAL 5,541 MW 4,556 MW 66% 14% OTHERS* 941 MW 32,600 MW 3% NATURAL GAS HYDRO COAL OTHERS* * * OTHERS = Fuel Oil, Diesel, Renewable 37
Peak Demand Comparison EGCO Group s Overview 2012 Financial Results 28,000 26,121.10 MW (26 April 2012) 23,900.21 MW (24 May 2011) + 9.3% 23,000 18,000 January Februaary March April May June July August September October November December 2008 2009 2010 2011 2012 38
IPPs EGCO Group s Power Plants Portfolio Power Plant EGCO Group s Overview Installed Capacity (MW) MW Equity Power Plant Renewable 2012 Financial Results As of February 2013, EGCO Group s portfolio comprised of 20 operating power plants, presenting the totaling to 4,712 MWe Installed Capacity (MW) Rayong 1,232 1,232 NED 55 18 KEGCO 749 749 SPP2 8 8 GPG (Khaeng Khoi 2) 1,510 755 SPP3 8 8 MW Equity BLCP 1,434 717 SPP4 6 6 4,925 3,453 SPP5 8 8 SPPs GPS (Phase 1-4) 26 16 EGCO COGEN 117 94 64 ROI-ET GREEN 10 7 Overseas GCC 110 55 CONAL-WMPC 110 19 NKCC 126 63 CONAL-SPPC 55 10 SCC 126 63 QUEZON 503 493 GYG 23 12 NTPC (Nam Theun 2) 1,087 380 293 902 39
EGCO Group s Power Plants Portfolio Power Plant Under Construction EGCO Group s Overview As of February 2013, EGCO Group s portfolio consisted of 5 under construction power plants, 3 under development power plants and 2 potential projects, presenting the totaling to 1,726 MWe. Installed Capacity (MW) MW Equity Protential Project NED 8 3 New Khanom Power Plant 900 900 GIDEC 7 3 Quezon Expansion Project 500 250 TWF 7 6 1,150 YEH 57 28 XPCL 1,285 161 201 Under Development TJ Cogeneration 125 125 TP Cogeneration 125 125 SK Cogeneration 125 125 375 Power Plant Installed Capacity (MW) Consequently, EGCO Group s grand total portfolio will become 6,438 MWe. 2012 Financial Results MW Equity 40
Key Financial Data: FX Variance MD&A 12M2011 12M2012 +/- EGCO (133.42) 472.74 606.16 Rayong Power Plant 0.34 0.00 (0.34) KEGCO 1.56 0.28 (1.28) EGCO Cogen (12.52) 8.68 21.21 Roi-Et Green (14.43) 16.81 31.24 ESCO 12.84 (4.27) (17.12) ET - - - PEPOI 0.17 (0.75) (0.92) Quezon (13.22) 106.96 120.18 IMS - (1.36) (1.36) SPP2 - (0.69) (0.69) SPP3-0.60 0.60 SPP4-0.87 0.87 SPP5 - (7.43) (7.43) TWF - - - YEH - - - Total Subs Net Profit (158.68) 592.43 751.11 BLCP (191.05) 152.59 343.64 GPG (138.41) 85.53 223.94 GEC(GCC, NKCC, SCC, GYG) (91.09) 32.95 124.04 CONAL 0.44 (1.65) (2.09) NTPC 279.15 (124.15) (403.30) NED (11.67) (0.03) 11.65 GPS - - - APPC - - - GIDEC - 0.01 0.01 MME - 0.04 0.04 Total JVEs Net Profit (152.63) 145.29 297.92 Grand Total (311.32) 737.72 1,049.04 41
Key Financial Data: Financial Ratio Highlights EGCO Group s Overview 2012 Financial Results 2011 2012 Debt to Equity (Time) 0.25 0.61 Net Debt to Equity (Time) 0.03 0.47 Net Profit before FX* (Million Baht) 5,301 10,176 EPS (Baht) 9.48 20.74 Operating Cash Flow / share (Baht) 6.08 4.69 BV / share (Baht) 110.13 128.28 * FX gains/losses from Income Statements including financial cost from foreign currency loans (EGCO & Subs) and JVs 42
Key Financial Data: Segmental Operating Results, Ended December 31, 2011 12M2011 Holding EGCO Rayong power KEGCO EGCO Roi-Et Cogen Green plant Subsidiaries SPP4 SPP3 YEH SPP2 SPP5 TWF QPL ESCO ET PEPOI IMS BLCP GPG GCC, NKCC, SCC, GYG Joint Ventures Power Generation Others Total Power Generation Others EGCO& Subs NED CONAL NTPC GPS APPC GIDEC MME Total- JVEs Grand Total Sales of Electricity - 2,258 2,170 2,064 325 - - - - - - 5,110 - - - - 11,928 - - - - - - - - - - - 11,928 - Capacity Payment - 2,201 2,098 241 49 - - - - - - 1,412 - - - - 6,002 - - - - - - - - - - - 6,002 - Energy Payment - 57 72 1,824 275 - - - - - - 3,698 - - - - 5,926 - - - - - - - - - - - 5,926 Sales of Water - - - - - - - - - - - - - 269 - - 269 - - - - - - - - - - - 269 Service Income - - - - - - - - - - - - 376-199 - 575 - - - - - - - - - - - 575 Cost of Sales - 1,805 1,475 1,748 116 - - - - - - 3,028 - - - - 8,172 - - - - - - - - - - - 8,172 Cost of Services - - - - - - - - - - - - 275 48 121-444 - - - - - - - - - - - 444 Gross Profit - 453 695 317 208 - - - - - - 2,083 100 221 78-4,155 - - - - - - - - - - - 4,155 EBITDA (369) 1,381 1,417 306 132 - - - - - - 1,860 56 177 45-5,005 3,792 3,010 835 (16) 241 2,045 - - - - 9,907 14,911 EBIT (421) 259 471 255 158 - - - - - - 1,563 36 181 45-2,547 2,741 2,127 566 (17) 77 1,623 - - - - 7,118 9,665 Net Profit before FX (802) 243 274 173 134 - - - - - - 224 36 125 36-442 2,040 1,659 406 (17) 3 766 - - - - 4,859 5,301 Net Profit (1,056) 243 275 160 119 - - - - - - 331 49 125 36-283 1,849 1,521 315 (28) 4 1,046 - - 2-4,706 4,990 43
Key Financial Data: Segmental Operating Results, Ended December 31, 2012 12M2012 Holding EGCO Rayong power KEGCO EGCO Roi-Et Cogen Green plant Subsidiaries SPP4 SPP3 YEH SPP2 SPP5 TWF QPL ESCO ET PEPOI IMS BLCP GPG GCC, NKCC, SCC, GYG Joint Ventures Power Generation Others Total Power Generation Others EGCO& Subs NED CONAL NTPC GPS APPC GIDEC MME Total- JVEs Grand Total Sales of Electricity - 2,167 1,762 1,631 397 127 149-105 93-8,647 - - - - 15,077 - - - - - - - - - - - 15,077 - Capacity Payment - 2,043 1,696 96 52 - - - - - - - - - - - 3,888 - - - - - - - - - - - 3,888 - Energy Payment - 123 66 1,535 345 127 149-105 93-8,647 - - - - 11,189 - - - - - - - - - - - 11,189 Sales of Water - - - - - - - - - - - - - 291 - - 291 - - - - - - - - - - - 291 Service Income - - - - - - - - - - - - 819-310 33 1,162 - - - - - - - - - - - 1,162 Cost of Sales - 1,673 1,533 1,732 168 35 40-31 27-5,040-81 - - 10,360 - - - - - - - - - - - 10,360 Cost of Services - - - - - - - - - - - - 568-202 23 793 - - - - - - - - - - - 793 Gross Profit - 494 229 (101) 229 93 108-74 66-3,607 251 209 109 10 5,377 - - - - - - - - - - - 5,377 EBITDA 3,473 1,431 917 49 192 113 131 (1) 97 88 (6) 3,913 213 190 83 9 10,890 3,706 3,163 462 329 287 2,080 141 (11) (4) 26 10,178 21,068 EBIT 3,422 323 (12) (99) 173 82 95 (1) 73 64 (6) 3,001 195 167 83 9 7,570 2,675 2,284 174 250 117 1,646 90 (11) (4) 26 7,246 14,816 Net Profit before FX 2,945 307 (42) (141) 142 43 34 (1) 42 39 (5) 1,586 164 121 63 7 5,304 2,040 1,886 29 160 35 742 39 (16) (4) 26 4,938 10,242 Net Profit 3,553 307 (42) (133) 159 43 35 (1) 41 31 (5) 1,565 160 121 62 6 5,903 2,193 1,972 62 160 33 618 39 (16) (4) 19 5,077 10,979 44
- - 3,894 3,212 3,722 2,319 2,535 2,788 2,258 2,170 2,167 1,762 6,317 7,672 8,107 20,255 20,741 17,909 17,706 17,868 22,506 22,750 22,655 18,505 29,649 - - 2,249 2,952 2,127 5,577 5,643 4,783 5,476 4,976 4,004 5,816 6,361 5,311 5,770 10,175 8,960 10,018 9,329 10,036 9,857 8,813 10,617 10,770 10,848 (Block I) Operating Performance (IPPs) : Annual Net Generation & Electricity Sales for the Year 2008-2012 Net Generation (9 Month) GWh REGCO KEGCO BLCP KK II NT2 15,000 10,000 5,000-2008 2009 2010 2011 2012 Electricity Sales MM Baht 30,000 20,000 10,000-2008 2009 2010 2011 2012 EGAT is the sole offtaker for electricity produced by Rayong Power Plant and KEGCO under long term cost-plus based Power Purchase Agreements (PPAs). 45 REGCO and KEGCO receive the capacity payment (Rayong Power Plant) or availability payment (KEGCO) for maintaining the availability of the power plants, regardless of whether the electric power will be supplied to EGAT or not.
Operating Performance (IPPs) : Major Maintenance Expenses for the Year 2012 Quarter Actual Actual Actual Actual Million Baht Spare Parts 0.92 17.06 54.17 12.45 84.60 Service Charge 8.18 25.17 64.60 57.21 155.16 Total Total 9.10 42.23 118.77 69.66 239.76 Quarter Rayong Power Plant 1 2 3 4 KEGCO 1 2 3 4 Actual Actual Actual Actual Spare Parts 13.08 37.40 47.96 29.88 128.32 Service Charge 16.07 33.63 86.38 11.86 147.94 Total Total 29.15 71.03 134.34 41.74 276.26 46
Operating Performance (IPPs) : Major Maintenance Expenses for the Year 2013 Rayong Power Plant Million Baht Quarter 1 2 3 4 Total Budget Budget Budget Budget Spare Parts 17.54 0.85 13.48 0.00 31.87 Service Charge 38.44 11.75 21.49 9.51 81.19 Total 55.98 12.60 34.97 9.51 113.06 KEGCO Quarter 1 2 3 4 Total Budget Budget Budget Budget Spare Parts 56.39 65.80 36.85 115.37 274.41 Service Charge 61.42 72.59 37.11 71.86 242.98 Total 117.81 138.40 73.95 187.23 517.39 47
Operating Performance (IPPs) : Operating Performance Equivalent Availability Factor Rayong Power Plant 2011 Plant Type 1Q12 2Q11 3Q11 4Q11 Target EAF (%) Actual EAF (%) Target EAF (%) Actual EAF (%) Target EAF (%) Actual EAF (%) Target EAF (%) Actual EAF (%) CCGT #1 64.89 68.69 85.72 90.35 97.56 99.40 95.02 97.60 CCGT #2 88.22 92.73 95.87 98.94 97.72 99.44 68.62 73.43 CCGT #3 97.66 99.30 78.40 84.42 96.57 98.95 96.36 97.61 CCGT #4 87.43 93.06 96.51 98.38 96.97 99.43 95.07 97.52 Rayong Power Plant 2012 Plant Type 1Q12 2Q12 3Q12 4Q12 Target EAF (%) Actual EAF (%) Target EAF (%) Actual EAF (%) Target EAF (%) Actual EAF (%) Target EAF (%) Actual EAF (%) CCGT #1 99.00 99.95 97.14 98.78 98.91 99.98 88.16 91.57 CCGT #2 98.88 99.95 97.89 98.69 90.76 94.02 97.16 98.10 CCGT #3 98.38 99.35 79.21 90.89 98.91 93.46 97.28 96.51 CCGT #4 99.44 99.87 98.26 98.78 77.72 78.20 69.10 74.91 KEGCO 2011 Plant Type 1Q11 2Q11 3Q11 4Q11 Target EAF (%) Actual EAF (%) Target EAF (%) Actual EAF (%) Target EAF (%) Actual EAF (%) Target EAF (%) Actual EAF (%) Barge #1 93.00 88.94 89.27 98.12 - - - - Barge #2 42.47 46.15 79.00 86.97 91.00 94.01 90.49 100.00 CCGT #3 96.00 99.51 88.27 93.47 96.00 95.15 86.14 94.55 KEGCO 2012 1Q12 2Q12 3Q13 4Q12 Plant Type Target EAF (%) Actual EAF (%) Target EAF (%) Actual EAF (%) Target EAF (%) Actual EAF (%) Target EAF (%) Actual EAF (%) Barge #2 91.00 98.76 91.00 99.75 91.00 89.78 90.39 99.69 CCGT #3 81.82 86.77 88.60 74.60 88.60 94.40 86.60 93.91 48
Operating Performance (IPPs) : Net Generation and Fuel Consumption Rayong Power Plant 2011 2012 CCGT #1-4 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 4Q12 Net Generation - By Natural Gas (GWh) 474 592 402 658 1,138 1,101 1,044 722 - By Secondary Fuel (GWh) 0.050 0.140 - - 0.160 - - - Fuel Consumption - By Natural Gas (MMBTU) 4,149,687 5,179,906 3,504,009 5,728,762 9,823,707 9,515,501 9,025,465 6,287,046 - By Secondary Fuel (Million Litre) 0.010 0.030 - - 0.040 - - - KEGCO 2011 2012 Barge # 2 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 4Q12 Net Generation - By Natural Gas (GWh) 178 237 140 139 141 145 131 146 - By Secondary Fuel (GWh) - 1.38 - - - - - - Fuel Consumption - By Natural Gas (MMBTU) 2,183,284 2,933,950 1,773,602 1,753,549 1,775,680 1,850,363 1,676,533 1,875,388 - By Secondary Fuel (Million Litre) 0.007 0.222 - - - - - - CCGT # 3 1Q11 2Q11 3Q11 4Q11 1Q12 2Q11 3Q12 4Q12 Net Generation - By Natural Gas (GWh) 1,296 1,202 1,349 1,274 1,192 983 1,284 1,290 - By Secondary Fuel (GWh) - - - - - - - - Fuel Consumption - By Natural Gas (MMBTU) 10,450,500 9,812,045 10,887,245 10,261,359 9,604,779 10,842,732 10,335,010 10,286,267 - By Secondary Fuel (Million Litre) - 0.009-0.018-0.005 0.017 0.004
For further information, Please contact Investor Relations at Tel. 02-998-5146-8 or E-mail: ir@egco.com 50