.(Dec.) % Inc.(Dec.) Services income 79.61 62.06 (17.55) -22.05% 190.09 126.87 (63.22) -33.26% Cost of rendering of services (56.68) (49.49) 7.19 -12.69% (133.67) (100.51) 33.16 -24.81% Gross profit 22.94

Performance Adjusted Net Income in Q2/2020 was THB 2,264 million, increased by THB 316 million from Q1/2020 or 16%, and mainly due to the following: • Gross profit of Independent Power Producer (IPP) increased

deferred revenue amounting to THB 2,100.6 mm to statement of comprehensive income for this period. • Share of profit from power associates and joint ventures decreased by 53.0%, mainly due to the planned

104.24 104.19 0.05 0.05 Other income 7.91 28.69 (20.78) (72.43) Distribution Costs and Administrative expenses 52.77 34.84 17.93 51.46 Printing Business 15.84 12.03 3.81 31.67 Solar Energy Business 36.93

Seven Utilities and Power Public Co.,Ltd. 73 Mahachol Building, Soi Sukhumvit 62, Sukhumvit Rd., Phrakhanong Tai, Phrakhanong BKK.10260 บมจ. เซเว่น ยูทลิิตีส์้ แอนด์ พาวเวอร์ 73 อาคารมหาชล ซอยสขุมุ

have not been sufficient to completely offset shrinking consumer purchasing power, particularly in tourist areas. The Company has placed great importance on complying stringently and promptly with the

has had a positive impact on the export sector, and also by an increase in the number of tourists. As a result, the purchasing power of consumers in these areas has increased, especially in greater

profits for the period 109 113 3.7% 68 72 41 (39.7%) (43.1%) Deferred tax 2 (39) n/a (6) (18) (21) 250.0% 16.7% Tax expense (income) 111 74 (33.3%) 62 54 20 (67.7%) (63.0%) B.GRIMM POWER PUBLIC COMPANY

11,638.0 (198.0) (1.7%) Normalized Net Profit/3 2,864.7 2,917.9 53.2 1.9% /1 Including other income and share of profit from investments in associates and JVs /2 Gross profit including share of profit from

debt and low agricultural prices continued to have an adverse effect on purchasing power. Tourism has been dampened by the deterioration in Chinese tourist arrivals during the first half of 2019. The