- - Adder 33.9 28.1 (5.8) (17.1%) Other sales and service income 11.3 11.8 0.5 4.4% Sales from Municipal Solid Waste Power Plants 121.3 114.0 (7.3) (6.0%) Sales of electricity - Base tariff and Ft 3.4 5.3 1.9

UNDER CONSTRUCTION EXECUTIVE SUMMARY 1 B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s Discussion and Analysis Sales and service income, EBITDA, and NNP in 2017 hit record high; EBITDA margin enhanced

quarter of 2022. Sales and service income (included revenue from finance lease under a Power Purchase Agreement) increase 20.8% YoY from Baht 5,726.9 million to Baht 6,917.0 million, increasing Baht 1,190.1

income SAAM Group’s income from sale of electricity is generated from a 2.0 MW solar power project in Thailand which is operated by SAAM-SP1. In Quarter 1 of 2019, electricity sales are THB 4.46 million

Quarter 2 of 2019, SAAM Group’s service and rental income, representing stable income generation from long-term contracts with clients operating solar power projects in Thailand, amounted to THB 27.46

and service income 11.8 13.8 2.0 16.9% Sales from Municipal Solid Waste Power Plants 114.0 126.4 12.4 10.9% Sales of electricity - Base tariff and Ft 5.3 5.0 (0.3) (5.7%) Sales from Solar Energy Power

planned-shutdown of Natural Gas Power Plant, which resulted in lower electricity unit sold compared to the second quarter. Sales and service income decrease 0.5% YoY from Baht 1,249.0 million to Baht

73.7 (0.8) (1.1%) FiT Premium 4.2 6.6 2.4 57.1% Adder 33.9 - (33.9) (100.0%) Other sales and service income 13.8 14.6 0.8 5.8% Sales from Municipal Solid Waste Power Plants 126.4 94.9 (31.5) (24.9

million or 7.24% and an increase of revenue from power plant at Baht 11.33 million, or 4.55%. 2. Other income amount Baht 53.54 million, an increase of Baht 36.36 million or 211.64% due to income from

: Sales and service income (included revenue from finance lease under a Power Purchase Agreement) increase 10.7% QoQ from Baht 1,566.7 million to Baht 1,734.2 million. The increase of Baht 167.5 million