PowerPoint Presentation THE INNOVATIVE POWER FLAGSHIP OF PTT GROUP MANAGEMENT DISCUSSION & ANALYSIS MD&A Q1/2020 PAGE 1 MANAGEMENT DISCUSSION & ANALYSIS (MD&A) Q1/2020 After fully completed the acquisition of Glow Energy Public Company Limited (“GLOW”) in December 2019, the Company holds 99.83 percent of GLOW's total issued and sold shares, therefore in Q1/2020, the company recognizes the full operating results from GLOW, together with the investment projects and projects that have been opened f...

investment increased by 461.42 and 107.56 million Baht respectively. 3) Net cash received from Financing Activities amounted to 117.37 million Baht, mainly due to net short-term increased by 267.00 million

accordance with B.Grimm Power’s investment plan. These projects have received financial support by way of project financing from leading financial institutions. In additions, B.Grimm Power has maintained its

from financing activities THB 11,027 million, increased THB 7,111 million or 181.6% from the same period of last year, mainly due to the increase of proceed of initial public offering THB 22,457 million

) securities financing 500,000 baht per year (4) inter-dealer brokerage 50,000 baht per year (5) venture capital fund mangement 50,000 baht per year (6) securities registrar 50,000 baht per year (7) investment

operating profits, investment and financing activities. Current assets that were decreased included: (1) short-term loans to related parties, which decreased by THB 50.00 million (-100.00%) as the Company

financing activities. (3) Trade and other receivable, decreased by THB 10.92 million (-3.85%), which mainly caused by the decrease in other receivables of THB 26.24 million (-11.94%) as incentive receivable

(+53.28%) from operating profits. Deducted from operating expenses and, the Company Withdraw guarantees lines from financial institutions used for various investment and financing activities. A decrease in

the need in its productions. 1.2 Revenue from Refining Service Revenue from refining services are divided into 2 groups of customer base; - Refining Service of semi-product for use in biodiesel

Revenue from Refining Service Revenue from refining services are divided into 2 groups of customer base; ▪ Refining Service of semi-product for use in biodiesel production in 2019 was decreased from 2018 by