PowerPoint Presentation Management’s Discussion and Analysis (MD&A) For the Financial Result of Quarter 1 Year 2019 Ended March 31, 2019 B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s Discussion

up 56%  Driven by positive internal and external outcomes  LTM 2Q18 Core EPS THB 3.86 – up 61% YoY post 9.8% dilution from warrants exercise  Net Operating D/E 0.45x, Core ROCE 15.8% on LTM 2Q18

to change as market conditions and actual outcomes may differ from forecasts. BAM makes no representation or warranty of any type whatsoever on the accuracy or completeness of the information contained

the company. In addition, any forward looking statements are subject to change as market conditions and actual outcomes may differ from forecasts. BAM makes no representation or warranty of any type

fund scheme The change and amendment to the mutual fund scheme as a result of the resolution of the unitholder should not be contrary to the laws and related rules in which the management company should

market) refers to the investment in accordance with the market where the investors believe in the efficiency of the market. As a result, market price is deemed appropriate. Page 8 of 32 (Unofficial

outcomes may differ from forecasts. BAM makes no representation or warranty of any type whatsoever on the accuracy or completeness of the information contained herein. 3 Bangkok Commercial Asset Management

, headline inflation for 2018 is expected to average 1.1 percent, slightly higher than the 0.7 percent in 2017, as a result of soaring energy prices at home in line with higher oil prices in the global market

result of correction, systematically. 9 Additional Guidelines 7. In complying with Clause 6 (5), the intermediary should ensure that the internal control system is monitored and evaluated and deviation of

information technology governance policy, which contains at least the following requirements: (a) conduct internal audit and operation review, systematically; (b) correct deviation and follow up the result of