COMPANY LIMITED Management’s Discussion and Analysis 6M’19 6M’20 change Q2’19 Q1’20 Q2’20 change change Btmn Btmn y-on-y Btmn Btmn Btmn y-on-y q-on-q Sales and service income 21,123 22,466 6.4% 10,866

payment period days 67 66 71 Cash Conversion Cycle days 89 84 80 ial data and profitability ratioscFinan Sales revenues million baht 51,172 53,067 49,224 %hangeC (%) (3.6%) 7.8% 5.0% Gross profit million

กดั (มหำชน) AI Energy Public Company Limited. 1. Manufacture and Sales of Biodiesel and By-product 1.1 Revenues from sales of biodiesel business to total revenue for the 1st quarter of the fiscal year

1 1. ANALYSIS OF FINANCIAL PERFORMANCE In Q1/2019, East Water Group had total consolidated sales and services income of 1,164.83 million Baht, increased by 119.44 million Baht or 11.43% compared to

in the past. As a result of this economic situation, the Company's revenue from sales and services increased by Baht 31.61 million from the same quarter of last year. The forecast of the minimum wage

36.47 million. In the third quarter of 2018, the net loss was increased by Baht 20.01 million which details are as following; (1) Revenue from sales The Company and its subsidiaries’ revenues from sales

% Revenues Sales 17.12 23.20 16.93 23.04 (0.19) (1.11) Service and rental income 55.41 75.09 54.92 74.75 (0.49) (0.88) Other income 1.26 1.71 1.62 2.20 0.36 28.57 Total revenues 73.79 100.00 73.47 100.00 (0.32

Company's revenue from sales - net for the 2nd quarter of 2020 compared to the same period of the previous year decreased slightly at 2.27 percent for the separate financial statements and the revenue from

follows: Baht’000 Consolidated F/S ∆% Separate F/S ∆% 2019 2018 2019 2018 Revenues from Sales and Services 1,921,477 2,060,114 -7% 1,518,926 1,640,996 -7% Other income 72,604 338,396 -79% 52,158 25,568 104

of pilling work and grounding system. The project has the scheduled COD by December 2019. B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s Discussion and Analysis KEY FINANCIAL HIGHLIGHT Sales and