(77,391) (90,438) -14% (175,229) (163,963) 7% Finance costs (32,990) (41,363) -20% (66,706) (84,437) -21% Profit (loss) before income tax (37,427) (115,017) 67% 162,635 203,499) 180% Income tax (10,117

4.21 million 16.43 1.6 Administrative expenses Baht 133.79 million Baht 121.12 million Baht 12.67 million 10.46 1.7 Finance cost Baht 51.46 million Baht 60.01 million Baht (8.55) million (14.25) 2. The

Company Limited Shareholders' equity as at 30 June, 2020 was Baht 4,545.94 million. Increased amount of Baht 1,375.25 million or 43.37% due to fair value measurement of investment through other

/a 1,320.0% B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s Discussion and Analysis FINANCE COST AND TAX ABBREVIATION & OUR PROJECTSEXECUTIVE SUMMARY FINANCIAL PERFORMANCE FINANCIAL POSITION PROGRESS

Discussion and Analysis FINANCE COST AND TAX ABBREVIATION & OUR PROJECTSEXECUTIVE SUMMARY FINANCIAL PERFORMANCE FINANCIAL POSITION PROGRESS OF PROJECTS UNDER CONSTRUCTION FINANCIAL PERFORMANCE 8 Finance Cost

% Core EPS after PERP Interest (THB) 0.85 0.67 1.31 (35)% 3.67 3.86 (5)% Core EBITDA/ton ($) 115 102 153 (25)% 119 132 (10)% Operating Cash Flow5 385 261 222 73% 1,172 855 37% Net Debt to Equity (times

) (32) 3% (74) (65) (12%) Finance Cost (2) (2) 0% (5) (5) 0% Profit(Loss) before Income Tax Expenses (5) (9) 80% 11 4 (64%) Tax Expenses 2 2 0% (1) 0 (100%) Net Profit(Loss) for the Company (3) (7) (133

) (30) (14%) (109) (95) (13%) Finance Cost (2) (3) 50% (7) (8) 14% Profit(Loss) before Income Tax Expenses 33 (17) (152%) 44 (13) (130%) Tax Expenses (5) 4 (180%) (6) 4 (167%) Net Profit(Loss) for the

equity of the Company was THB 807 million, decreased by THB 44 million or 5% from 31 December 2020. The decrease was due to dividend payment in Q2/2021 of THB 49 million. Unit: Million THB 4. Finance Cost

2 3 50% Selling and Distribution Expenses (57) (62) 9% Administrative Expenses (33) (40) 21% Finance Cost (3) (2) (33%) Profit (Loss) before Income Tax Expenses 14 19 36% Tax Expenses (2) (4) 100% Net