Energy AbsoluteEnergy for us all, Energy for the FUTURE

2

E@ at GlanceEstablished

In 2006 to produce palm oil

Core Business

Energy (Renewable and Utilities)

Secondary Market

The Stock Exchange of Thailand since 30 Jan 2013

Credit Rating

Corporate rating : A

CG Rating

Excellent

Market Capitalization (as of 15/05/20)

Approximately THB 148.27 bil. (US$ 4.63 bil.)

Somphote Ahunai (CEO), 43.61%

Amorn Sapthaweekul (CFO) , 3.53%

Domestic Fund,

11.35%

Foreign Juristic, 18.90%

Others, 22.62%

At 20 March 2020

Shareholder Structure

Total Board Members = 11

Independent

Directors

= 6 (55%)

Executive

Directors

= 2 (18%)

Other

Non - Executive

= 3 (27%)

3

Knowledge

Sharing

Using application

to track & trace

Safeguard for

all stakeholders

E@ Measurement during

the COVID-19 period

#NON-CONTACT

Provide & Support

Medical staff

4

Highlight of Operating Performance

Q1/2020 Q1/2019

Net P

rofit

Tota

l Rev

enue

THB 4,761 mil.

increase 54% YOY

THB 3,088 mil.

increase 19% YOY

THB 1,452 mil.

increase 20% YOY

THB 1,211 mil.

increase 38% YOY

5

Renewable

Power

Energy

Storage

Electric

VehiclePalm Oil

Based

Charging

Network

(1) COD • Solar 278 MW•Wind 386 MW

(2) New Projects

(1) Amita Taiwan 400 MWh

(2) Amita Thailand 1 GWh (by 2020)

(1) MPV car : Mine(2) Ferry (3) Bus & Truck(4) Other Related

(1) B100 & Glycerin(2) Bio-PCM &

Green Diesel(3) Other Related

(1) Station(2) Equipment(3) Online App

“A leader in alternative energy business, by using the modern technology and environmentally friendly”

Our Performance

Energy Absolute PCL.

7

Total Revenue of Q1/2020Revenue for Q1/2020 period increased from Wind Power and Biodiesel unit

Total Revenue increased 54% YoYTotal Operating Revenue increased 53% YoY

Biodiesel29%

Power69%

Others2% Biodiesel

39%

Power59%

Others2%

Q1/2020

787 885 982 1,860 3,511 3,678 1,839 2,120

3,047 2,766

7,681

10,974

130 80 55

106

360

235 -

2,773 3,088 4,109

4,761

12,490

14,955

-

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

Q4/2018 Q1/2019 Q4/2019 Q1/2020 2018 2019

Mil.bt.

Accounting gain

Other revenue

Other Businesses

Power

BiodieselGlycerin

• Amount of revenue contributed from power

business is increasing YoY after completion

of 260 MW wind power, Hanuman Project.

• Stronger demand of B100 as required to use

B10 caused the increase in B100 selling price

122% YoY.

Q1/2019

8

Gross Profit of 1Q2020

Gross Profit Margin Q1/19 Q1/20

Biodiesel Business 2% 5%

• Higher demand of CPO from the government measurement announcing B10 to be used as regular diesel while there was shrunk from drought in 2019.

• B100 specification change to Mono Glyceride content at 0.4% for use as B10 caused price to increase.

Power BusinessSolarWind

82%64%

82%66%

• Increasing of power production was due to higher solar radiation.• Revenue was fully recognized from Hanuman wind power project • Increasing of power production from Hadkunghan wind power plant due to

strong wind compare to the last year.

Total GPM 52% 44%1,629

2,436 2,075

5,888

8,442

13

67 91

212

51

(38) (126) (73) (216) (358)

1,604

2,377 2,093

5,884

8,135

(1,000)

-

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

10,000Mil.bt.

Power BU.Biodiesel BU.Others BU.

Q1/19 Q4/19 Q1/20 2018 2019

Note: Total Revenue and Net Profit are excluded Accounting Gain, Other Income, Gain/Loss from exchange rate.

9

Total Expense & Net Profit of 1Q2020

Solar Gross Profit

Increase

• Administrative expenses: for 1Q2020, were Baht 269 mil., increased by Baht 72 mil. From the personnel expense with new hiring of employee and executive were increased by Baht 41 mil. and also Office expenses were Baht 24 mil. following the new business.

• Financial Cost: increased by Baht 170 million. This is mainly due to long term loan from financial institutions for payment of some part of supplier credits for Hanuman wind power plants project.• FX Gain: Due to buying Forward for payment of supplier credits for Battery plant project

YoY

5,884 8,135

(81)(865) (14)

160

(1,386)11

6,082 5,148

Gross Profit 2018 Gross Profit 2019 Selling Expense Admin Expense Share of Loss ininvestment

FX Gain (Loss) Financial Cost Tax Net Profit 2019 Net Profit 2018

(Mil.Bt)

YoY

(Mil.Bt)

1,604 2,063

(20) (269) 24 (14)

36(433)

1

1,452 1,211

Gross ProfitQ1/2019

Gross ProfitQ1/2020

Selling Expense Admin Expense Gain onremeasurement

of financialinstrument

Share of lossfrom

investments

FX Gain (Loss) Financial Cost Tax Net ProfitQ1/2020

Net ProfitQ1/2019

10

Total Liability, Equity, D/E Ratio and Net D/E Ratio

13,429

24,547 30,118 29,786

39,690 45,353 47,619

5,897

8,510

11,389 14,744

19,518

24,866 26,422

2.28

2.882.64

2.02 2.03 1.821.801.82

2.25 2.14

1.57

1.161.41

1.21

0.00

0.50

1.00

1.50

2.00

2.50

3.00

3.50

-

20,000

40,000

60,000

80,000

2014 2015 2016 2017 2018 2019 Q1/2020

THB Mil.

Liabilities Equity D/E Ratio Net D/E

11

Financial Cost and Payment Profile

Total Interest Bearing Debt

Current portion of

Debentures & ST-Debt

13%

Debentures33%

LT-Debt54%

42,664Mil.Bt.

3,000 4,000

1,500 1,500 3,000

4,000

1,467

2,272

5,215

3,506

3,355

2,660

2,074

1,386

4,467

6,272 6,715

3,506

4,855

2,660

5,074

1,386

-

4,000

-

3,000

6,000

9,000

2020 2021 2022 2023 2024 2025 2026 2027 2028 2029

Mil.Bt.Bond LT-Loan

A

Interest Rate

Short Term Debt: 1.50 – 4.53%

P/N: 1.41 – 3.50%

Long Term Debt: 3 – 3.8%

Bond: 2.09 – 3.15%

On 16th October 2019, EA issued THB 3 billion 7-year bond to ADBwith 2.744% interest and was certified by CBI to be green bond.

12

Our Target in Y2020

Capital Investment in 2020

Biodiesel, 3,678 , 25%

Renewable Power,

10,974 , 74%

Others, 235 , 1%

Revenue 2019

Biodiesel29%

Renewable Power65%

EV 1%

GD & PCM4% E-Ferry & Charging 1%

Revenue2020

Key milestone :GD & PCM, E ferry start

commercial operation

Q3/2020, EV start Q4/2020

B1001%

Power2%

Charging3%

GD&PCM7%

EV Car9%

E Ferry11%

1 GWh Battery Factory26%

R&D1%

LPH40%

THB

12,388 mil.

13

Biodiesel Production

Location Kabinburi Industrial Estate, Prachinburi under BOI promotion & privileges

PlantCapacity

• Biodiesel 800,000 Liters per day

• Pilot production of green diesel/PCM 1 Ton per day

• Refined Glycerin 80 Tons per day (by product)

• B100 volume in Q1/20 = 49.8 mil.liters decreased 0.8% as compared to last year but the average

selling price increased 122.2% from the announcement B10 to be used instead of B7

• Glycerin volume in Q1/20 = 3.77 mil.kg. decreased 0.03% as compared to last year and the average

selling price decreased 26.49% due to the high competition in domestic and export market.

Mil.liters Baht/liter

134175 188

152 174 158193

50.2 49.8

25.0028.60

30.9935.07

24.1820.17

17.69 16.27

36.15

0.00

10.00

20.00

30.00

40.00

0

100

200

300

2013 2014 2015 2016 2017 2018 2019 Q1/19 Q1/20

Sales Volume

Avg Price

14

Palm oil Market in Thailand

-

100,000

200,000

300,000

400,000

500,000

600,000

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Apr 19 May 19 Jun 19 Jul 19 Aug 19 Sep 19 Oct 19 Nov 19 Dec19 Jan 20 Feb 20 Mar 20

B100 Food and others Domestic Consumption Stock

Unit : Ton

Source: Department of Internal Trade, Thailand

Advance Technologyin Biodiesel Business

Energy Absolute PCL.

16

Biodiesel Business with advance technology of GD & PCM

CPO

Purification

Green Diesel & PCM

Production (38 : 62)

B100 & Glycerin

Production

Glycerin

B100

Green

Diesel

PCM

Sell to major oil refinery companies

Sell to pharmaceuticals , Cosmetics, Personal products

Advance product of biodieselEnhancing diesel engine capacity

BioPCM works as a thermal storage battery good for energy saving

Export Market

Domestic Market

17

New Plant for

Green Diesel &

PCM Production

COD• HNM 1 & 8 = 90 MW 25 Jun 19• HNM 5 = 48 MW 22 Mar 19• HNM 9 = 42 MW 30 Mar 19• HNM 10 = 80 MW 13 Apr 19

Adder 3.50 baht/kwhTechnology from Siemens Gamesa, Spain

EA Solar Lampang(90 MW)

EA Solar Nakornsawan(90 MW)

EA Solar Phitsanulok(90 MW)

Renewable PowerProduction

664 MW

EA Wind Hadkanghun(126 MW)

(Songkla & Nakornsri tammarat)

EA Wind Hanuman(260 MW)

(Chaiyaphum)

EA Solar Lopburi(8 MW)

19

Renewable Energy Production

153 171 140 162 155

602 62775 58 92 67 83

292 293

25 107 185 152 115

469

253 336

417 381 353

894

1,389

0

200

400

600

800

1000

1200

1400

Q1/19 Q2/19 Q3/19 Q4/19 Q1/20 FY18 FY19

Mil.kWh

SolarHGHHNM

Solar

42%Wind

58%664

278 MWh386 MWh

+ 90MWNakornsawan

+ 8MWLopburi

278 278 278 278

126 126

386 386

898 98

188278

404 404

664 664

0

200

400

600

800

2012 2013 2014 2015 2016 2017 2018 2019 2020

MWh

+ 90MWLampang

+ 90MWPhitsanulok

+ 126MWHad Kanghan(Songkla &Nakornsritammarat)

+ 260MWHanuman(Chaiyaphum)

Total Capacity Output Production

20

Energy Storage System : Core Technology for New Businesses

1 GWh

Phase I Next Phase

50 GWh

EV Charging Station

Electric

Ferry (E-Ferry)

Electric

Vehicle (EV)

Energy TradingSystem

Energy Storage System

(ESS)

21

New era of Advance Technology ESS

Energy Storage System for a small renewable power plant

Battery for E-Scooter

• Started investing in Amita Technologies Inc., Taiwan in Dec 2016 current shareholding = 74.71%

• Amita Technologies Inc. was established in March 2000 to produce lithium-ion power battery with strong material science research and long test data accumulation supported by ITRI.*

• Main Businesses

• High Power Battery for EV, E-Scooter, Power Plant

• OEM (Original Equipment Manufacturer)

• PDCA- Post Dry Cell Battery

• Turnkeys of High Technology Battery Factory for EV in Beijing

• Current production capacity and capability : 44Ah power battery cell over 400MWh per year

* ITRI, a nonprofit R&D organization of Taiwan, who played a vital role in Taiwan's economic growth, strengthen capabilities of innovation and cooperation with international partners all over the world.

22

Amita’s Products and Application

Cell Hard & Soft pack

Energy Storage System

E-Bank

Camcorder

Accessories

Model No. AMITA 20FT-ESSTypical Capacity

0.5-1.5MW

Cycle Life 6,000 (NMC)▕ 20,000 (LTO)

Voltage 48-820V

Versatile Stationary Battery System with High Safety & Manageability for Industrial, Commercial, Power System

Lithium–titanate Battery (LTO) CellFast-charging >10CUltra Lifespan >20,000 CyclesNon-burning and Safety Features

Our EV MINE SPA1

Energy Absolute PCL.

MINE Mobility

26

EV Factory

Free Zone

Free Zone

• Free Zone Register• Factory 28,800 SqM. @Banpho District• THB 1200+ mil. Construction >> Cars, Trucks, Buses, Battery Pack

Overall - Front

FGs Yard - Back

Factory - Front

Overall - Back

27

Electric FerriesTo prove the high safety of battery system

Using our 800-KWh Lithium-ion battery capacity

to modernize and make a cleaner and safer

transportation for our community including tourist

who travel along Chao Phraya River, which is one of

the most impressive tourist destinations in Bangkok.

The electric ferry is designed by our own team and using our technology.

28

Passenger Cabin for Social Distancing

Seat Distancing Standing Point Distancing

Seat To Allow 36 Nos.

Seat Installed 100 Nos.

Spacing 1.25 m. Seat To Allow 48 Nos.

Seat Installed 150 Nos.

Spacing 1.2 m.

UVPCO in

Air Return Duct

2 Each

Battery 30kWh12 mins with DC Chargerfor 200 km.

Compatible with all EV Brands

Battery: 30 kWh Lithium Ion : NMC

With STOBA Water cooling less humidity (Short circuit cause)

Charging CCS Combo type2 (EU)

Home Charge AC charge & DC Fast charge (80% 12 mins)

with EA Anywhere Charger

22/150 kW AC/DC Combo Charger

EA ANYWHERE Application

Available now

Home

Favorite

Calendar

Payment

Promotion

Report

Log in

Help

Setting

About us

Owner Application Features:

Users Traffic

Energy usage

Chargers Status

Billing System

Station Report

31

EA Anywhere – Charging Stations

Opening 384 stations• BKK 185 stations• Up-country 52 provinces

with 199 stations

32

EA AnywhereAntiCovid19

To reduce the risk of COVID-19, EA ANYWHERE cares for all customers

by cleaning our all charging stations including all equipment. In order to

achieve the integration of the resistance against COVID-19 quickly.

33

Our Target in Y2020

602 627

289 293469891 1,389

73% 79%

0%

20%

40%

60%

80%

100%

0

500

1000

1500

2000

2018 2019 F2020

Mil.MW

Solar Wind-HGH Wind-HNM GP (%)

174 162193

2420

18

0

5

10

15

20

25

30

0

200

400

2017 2018 2019 2020

Mil.liters Avg.Price/Unit

As the government promotes to use B100

to be increased to 10% (from 7%),

the volume and price would increase.

Wind power production will increase

according to full year operation.

Biodiesel Renewable Power

34

Our Target in Y2020

Electric Vehicle Car : MINE E-Ferry

180

0

1000

2000

3000

Q4/20 Q1/21 Q2/21 Q3/21 Q4/21

No. of EV

EV production is going to start in Q4/2020 and ramp up

to complete delivery of 5,000 units by 2021.

0

10

20

30

Q2/20 Q3/20 Q4/20 Q1/21

No. of E-Ferry

The two pilot E-Ferries will start operation in Q2/2020,

followed by the next 24 units within 2020 and the rest in 2021.

Total 5,000 cars

Total 42 units

35

Our Target in Y2020

Capital Investment in 2020

Biodiesel, 3,678 ,

25%

Renewable Power, 10,974 ,

74%

Others, 235 , 1%

Revenue 2019

Biodiesel29%

Renewable Power65%

EV 1%

GD & PCM4% E-Ferry & Charging 1%

Revenue2020

B1001%

Power2%

Charging3%

GD&PCM7%

EV Car9%

E Ferry11%

1 GWh Battery Factory26%

R&D1%

LPH40%

THB

12,388 mil.

Key milestone :GD & PCM, E ferry start

commercial operation

Q3/2020, EV start Q4/2020

36

To invest in Land Prosperity Holding 19% and

land lease 91 rais for Battery Factory Phase I

Land Prosperity Holding

Capital : THB 15 bil.

Company

ACompany

B

Other Investors (Individual)

Wattanapiboon Land Co., LtdCapital : THB 2.03 bil.

Double P Land Co.,LtdCapital : THB 10 bil.

Own 600 rais Owner of Blue Tech City

Project 2,100 rais

Prosperity Gain

Holdings

55%

100%100%

15%

11%

19% 19%

Purchase 285,000,000 shares @18.00 = THB 5.13 bil.

Lease 91 rais for 15+15 years = THB 1.25 bil.

37

Land Prosperity Holding Investment

64 km. from BKK 58 km. from BKK

Double P Land Co., Ltd Wattanapiboon Land Co., Ltd

38

EA Investment through EA Mobility Holding (EMH)

EMHSubsidiary of

670 mil. Shares = 40%

• To jointly invest in quality development, manufacturing, assembling, and distributing, including the sales and aftersales services of buses, commercial vehicle, and private vehicles.

• EMH will submit the request for waiver from mandatory tender offer by resolution of NEX shareholders’ meeting (Whitewash).

• Working capital 500 – 600 MB.

• Bus business and related 1,520 MB.

• Loan payment 30 MB.

• Others investment 200 MB.

At 2.20 bath per shareMr.Boonaue Jittanom

100 mil. shares

Mr.Kanit Sriwachiraprapa

300 mil. shares

Established

In 1997 to produce high precision electronic parts

Core Business

Manufacturing and selling electronic parts and Buses and related service

CG Rating

Excellent

Objectives of the capital increase

Disclaimer

This presentation contains summary information about Energy Absolute Public Company Limited (“EA” or “the Company”) and its subsidiaries as at31 March 2020 and, unless stated otherwise. The information does not purport to be complete or comprehensive.

This presentation contains forward looking statements that may be identified by use of words such as “anticipates,” “hopes,” “expects,” “estimates,”“intends,” “projects,”“plans”, “predicts,” “projects”, “aims” or other similar expressions that are used to identify such statements. Forward lookingstatements are based on certain assumptions and expectations of future events. No guarantee nor assurance is made that these assumptions andexpectations are accurate or will be realized. Such forward looking statements should be considered with caution, since actual results may differmaterially from those expressed or implied by such statements.

The information in this presentation were obtained from various external sources which has not verified through any independent source. Norepresentation or warranty, either express or implied, is made regarding the accuracy, completeness, correctness, reliability, or scope of theinformation and disclaim all responsibility and liability for the information (including, without limitation, liability for negligence).

This presentation is provided for the sole purpose of enhancing understanding of the Company and should not be construed as a legal, tax orinvestment recommendation or any other type of advice.

The Company does not provide any representation, warranty, endorsement, or acceptance, about opinion or statement of any analyst s or other thirdparties; or the use of any such opinion, or statement of any analysts or other third parties.

This document is strictly confidential and being given solely for your information and may not be shared, copied, reproduced or redistributed to anyother person in any manner.

Energy AbsoluteEnergy for us all, Energy for the FUTURE

IR Contact:IR@energyabsolute.co.th+662-248-2488 ext. 19531