10.6% 25.1% 3,862.1 4,766.5 23.4% Revenue from finance lease under power purchase agreement 104.9 95.3 109.4 14.8% 4.3% 305.7 307.0 0.4% Cost of sales and services (971.2) (1,174.0) (1,350.7) 15.1% 39.1

. Consolidated financial statements Quarter 1 Quarter 1 Change (Unit: THB Mn) 2023 2024 Amount % Sales of goods and services 1,638.2 1,366.5 (271.7) (16.6%) Revenue from finance lease under power purchase 102.4

loss on exchange rate from trade payable. FINANCIAL PERFORMANCE 7 B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s Discussion and Analysis FINANCE COST AND TAX ABBREVIATION & OUR PROJECTSEXECUTIVE

183.84 (6.33) (3.44) Finance cost 246.48 210.78 35.70 16.94 Total expenses 995.09 904.75 90.34 9.99 Share of profit (loss) on investment in associated company 240.45 196.23 44.21 22.53 Profit before income

selling expenses 177.51 183.84 (6.33) (3.44) Finance cost 246.48 210.78 35.70 16.94 Total expenses 995.09 904.75 90.34 9.99 Share of profit (loss) on investment in associated company 240.45 196.23 44.21

1,705.4 1,735.6 30.2 1.8% 5,315.9 6,502.1 1,186.2 22.3% Revenue from finance lease under power purchase agreement 102.3 95.3 109.4 107.9 (1.5) (1.4%) 411.0 414.9 3.9 0.9% Cost of sales and services (1,149.4

(25.5) (1.7%) 6,502.1 6,166.0 (336.1) (5.2%) Revenue from finance lease under power purchase agreement 102.4 104.5 105.2 104.6 (0.6) (0.6%) 414.9 416.7 1.8 0.4% Cost of sales and services (1,274.4

2.8% Revenue from finance lease under power purchase agreement 95.3 102.4 104.5 2.1% 9.7% 197.6 206.9 4.7% Cost of sales and services (1,174.0) (1,274.4) (1,191.7) (6.5%) 1.5% (2,323.4) (2,466.2) 6.1

-2021 6M-2020 6M-2021 Change THB Mn THB Mn THB Mn %QoQ %YoY THB Mn THB Mn %YoY Sales of goods and services 1,139.5 1,214.9 1,284.4 5.7% 12.7% 2,255.2 2,499.3 10.8% Revenue from finance lease under power

% 2,499.3 3,061.1 22.5% Revenue from finance lease under power purchase agreement 101.6 102.3 95.3 (6.8%) (6.2%) 200.8 197.6 (1.6%) Cost of sales and services (920.4) (1,149.4) (1,174.0) 2.1% 27.6% (1,795.1