program in the subsidiary to reduce staff costs in the long run of the subsidiary offset by several cost saving measures. 5. Net gain (loss) from exchange rate Total Hot Roll (Unit : Tons) Q3 19 Q3 20

ลงทุนต้นงวด ยอดรายการซื้อ ยอดรายการขาย การเพิ่มขึ้นหรือลดลงของราคาตลาด (unrealized gain or loss) และยอดการลงทุนปลายงวด) (๓) ผลกำไรขาดทุนที่เกิดขึ้น

products that offer well-perceived quality at reasonable prices. We believed that the notable Carabao brand is well imprinted among targeted customers and the positive feedback in term of sales of both the

ownership of DTC from 22.58% to 17.58% and recorded a one- time gain from the transaction for THB 44.8 mn under Other Income. In 1Q18, CPN did not recognize the cost of rent and services following the land

a result, CPN reported a decrease in ownership of DTC from 22.58% to 17.58% and recorded a one-time gain from the transaction for THB 44.8 mn under Other Income. In 2Q19, total revenue stood at THB

result, CPN reported a decrease in ownership of DTC from 22.58% to 17.58% and recorded a one-time gain from the transaction for THB 44.8 mn under other income. Central Pattana Public Company Limited

Performance Exhibit 1: Consolidated Company’s Performance comparison of 4Q2019 vs. 4Q2018 vs. 3Q2019 vs. FY2019 vs. FY2018 Note: (1) Adjusted EBITDA refers to EBITDA excluding impact of Stock Gain/(Loss) and

) ** Normalized net profit = Net profit – Unrealized gain / (loss) from FX – Non-operating income / (expense) B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s Discussion and Analysis 2018 2019 change Q4’18 Q3’19

Margin (%) 9.0% 7.3% 4.7% -4.3% -2.6% 9.2% 5.9% -3.2% ก าไรสทุธิ 322 145 71 -78% -51% 591 216 -63% ก าไรสทุธ ิบาท/หุน้ (1) 0.44 0.20 0.07 -84% -65% 0.80 0.21 -74% Stock Gain/(Loss) & NRV 113 - 33 - 432

gain on exchange rate. Net profit was shown at the amount of 637.3million baht for the first half of this year, increased from the same period last year by 592.9 million baht of which profit attributable