sector continued to slow down investment. Private households in the various sectors paid more attention on spending because there were still having problems on purchasing power and incomes which are not

PowerPoint Presentation Management’s Discussion and Analysis (MD&A) For the Financial Result of Quarter 2 Year 2020 Ended June 30, 2020 B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s Discussion

421.2 420.5 0.2% 852.4 841.1 1.3% - Other Utilities Revenue2 52.4 2.2 2,236.6% 79.2 3.6 2,103.7% - Power Business 1.5 0.8 95.3% 2.9 0.8 278.8% Costs of Sales and Services (283.4) (279.4) 1.4% (559.4

of previous year by 3.92 percent, net profit in the 1st quarter 2018 of Baht 140 million, which increased from the same period of previous year by 3.28 percent, due to the decrease in depreciation

Company and its subsidiaries recorded total sales of Baht 1,174 million, a decrease of 19% YoY, occurred from a decline in domestic branded sales and impacted from financial statement adjustment in

standards under WHA level. However, the genuine gross margin in first quarter of 2018 was at 63.8%. Utilities & Power Business Q1 2017 Q1 2018 Increase/(Decrease) THB mm THB mm THB mm % Revenue 554.3 515.0

higher project value. The large projects delivered in the Q1–2024 such as the Construction project to renovate a deteriorated power station Bang Samak Power Station in Chachoengsao Province of the

excluded Foreign Exchange Gain (Loss) IPP  3 IPPs Power Plants generated Baht 440.9 million of Normalized Share of Profit, a 14.2% decrease from 2Q2017, was mainly from additional revenue from business

order together with remaining revenue from deliver - Cost of sale of industrial equipment 1.75 million baht, a decrease of 0.97 million baht or 35.61 percent compared to the same period in 2018 as

Plants (CUP 1-3) and IRPC Clean Power (IRPC-CP) declined. Additionally, there was a decrease in revenue from Availability Payment (AP) of Sriracha Power Plant due to a lower Weight factor during the rainy