Utilities demand and Service Fees for Wastewater Management. The changes mainly came from: i) the Utilities sales volume; a. Raw Water sales volume increased by 3.0% YoY mainly from start operated of BGWHA-1

has also signed a definitive asset purchase agreement to acquire the adjacent utility assets of Artelia Ambiente, S.A. Portugal which has a capacity of 40 MW of electricity plus steam, demineralized

steam boiler and balance of plants including manufacturing and installation 3. Registered Capital: 25,000 EUR or equal to 901,052.50 Baht (Average selling rate on 4th April 2019: 36.0421 Baht per Euro

0 107 n/a Electricity sales 26,684 30,110 12.8% Steam sales 539 529 -1.9% Others 524 843 61.0% Sales and services income 27,747 31,482 13.5% 3 B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s

close monitoring of the ongoing impacts of the pandemic on our industrial customers' operational plans, there was continuing strong electricity and steam demand from our main customers, petrochemical

start to generate revenue  Power projects to consume large volume of water utilities OVERALL PERFORMANCE Operating Expense  Administrative Expenses increased from Baht 8.8 million to Baht 30.6 million

PEA 10 0% 35 0% 241.2% Electricity sales 13,143 96% 14,894 95% 13.3% Steam sales 283 2% 258 2% -9.0% Others 183 1% 463 3% 153.2% Sales and services income 13,609 99% 15,615 100% 14.7% Other revenues 113

19,968 22,644 13.4% Steam sales 420 397 -5.5% Others 303 678 123.8% Sales and services income 20,691 23,720 14.6% 3 B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s Discussion and Analysis Electricity

monitoring impacts of COVID-19 pandemic on our industrial customers' operational plans. In Q3/2020, electricity and steam demand from our petrochemical customers in Map Ta Phut Industrial Estate and our

18 0.0% 15 18 20.0% Sales to EDL 0 8 n/a 48 8 -83.3% Electricity sales 7,311 7,769 6.3% 7,465 7,769 4.1% Steam sales 126 137 8.7% 132 137 3.8% Others 214 249 16.4% 165 249 50.9% Sales and services