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renewable businesses. GPSC - Q3/2020 Management Discussion and Analysis (MD&A) 2 Executive Summary 62% 63% 61% 5% 4% 5% 19% 18% 19% 4% 4% 5% 10% 10% 11% 13,835 12,488 11,217 Q3/19 Q2/20 Q3/20 55% 56% 57% 23

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whether or not the HRC price at that time was significantly increase or decrease. Management’s Discussion and Analysis (MD&A) For Q3/2017 5 Executive Summary In the third quarter of 2017, the company has