BCPG Public : Disclosure of key information update by business for 2Q/2022

- Translation -

No. 10000/050/2022

	20th July 2022
Subject:	Disclosure of key information update by business for 2Q/2022
To	President
	The Stock Exchange of Thailand

As BCPG Public Company Limited (the "Company") would like to announce the key business performances on a quarterly basis. The information will be reported in the 3rd week after the end of each quarter. For quarter 2/2022, the key business performances are as follows:

Summary of Electricity Generation by Country
Unit: GWh		2Q22*		2Q21		1Q22
Thailand
Solar**		88.3		80.1	84.2
Wind		1.9		2.4	3.2
Japan
Solar		35.6		4.6	14.9
Lao PDR
Hydro power		101.0		102.0	76.9
Total		226.8		189.1		179.3

*Electricity generation from projects owned by the company and the company's subsidiaries

**The revenue structure of solar power plants in Thailand includes Adder, FIT THB 5.66, FIT THB 4.12, and private PPA (Solar rooftop)

Overall, the electricity generation of the company and its subsidiaries for 2Q/2022 grew from 2Q/2021. The positive drivers were: 1) the COD of 3 solar power plants in Japan, named Chiba 1, Komagane and Yabuki and 2) the improved electricity generation of solar power plants in Thailand.

As compared to 1Q/2022, the electricity generation increased in 2Q/2022, which was mainly owing to 1) the high season of solar power plants and hydro power plants in Lao PDR, and 2) the COD of solar power plants in Japan, namely Komagane and Yabuki.

The detailed performances of each country are described in the following.

Thailand

In 2Q/2022, the electricity generation of solar power plants in Thailand grew YoY from the improvement program that improved and optimized efficiency of solar panels of solar power plants in Thailand and the COD of solar rooftop project at Chiangmai University under the name of CMU in the past year, while the electricity generation of the wind power plant dropped YoY due to lower wind speed.

Compared to 1Q/2022, the electricity generation of solar power plants in Thailand increased QoQ. This mainly resulted from the better irradiation and the additional COD of the solar rooftop project at Chiangmai University under the name of CMU compared to the previous quarter. For the wind power plant, the electricity generation was lower QoQ due to the seasonal effect of entering to the low season in the second quarter.

Japan

In 2Q/2022, the electricity generation of solar power plants in Japan improved YoY and QoQ from the COD of 3 solar power plants, including Chiba 1 (COD on November 1, 2021), Komagane (COD on March 29, 2022) and Yabuki (COD on April 15, 2022).

Lao PDR

In 2Q/2022, the electricity generation of hydro power plants in Lao PDR was relatively similar to the same period late year while the electricity generation grew QoQ thanks to the start of the high season in the late second quarter.

Please be informed accordingly.

Yours sincerely,

-Signed- (Mr. Niwat Adirek)

Chief Executive Officer and President

Corporate Financial Management and

Investor Relations Department

Tel: [phone]

Remark: The provided information is only preliminary and may be subject to change.