) 24 18 (6) (495)% 52 119 (56)% Acquisition cost and pre-operative expense, (7) (10) (6) 23% (36) (20) 83% Gain on Bargain Purchases, impairments and feasibility study (Net)1 26 30 - 85 108 (21)% Other

Operational/Extraordinary income/(expense) 24 18 (6) (495)% 52 119 (56)% Acquisition cost and pre-operative expense, (7) (10) (6) 23% (36) (20) 83% Gain on Bargain Purchases, impairments and feasibility study

Purchases, impairments and feasibility study (Net)1 (0) 26 28 (100)% 56 69 (19)% Other Extraordinary Income/(Expense) (1) 6 (0) 976% 3 97 (97)% = Net Profit after Tax and NCI 72 117 259 (72)% 565 846 (33

(6) (3) 138 14 891% Acquisition cost and pre-operative expense, (11) (6) (3) 315% (28) (9) 230% Gain on Bargain Purchases, impairments and feasibility study (Net)1 28 - (0) 69 4 1,493% Other

% (32) (12) 172% Gain on Bargain Purchases, impairments and feasibility study (Net)1 (1) 28 (35) (99)% 104 (44) Other Extraordinary Income/(Expense) 1 (0) (1) (158)% 99 18 458% = Net Profit after Tax and

/loss from JVs/associaties (equity income) 31.1 (1.1) N.A. 37.9 9.4 303.4% Finance cost 909.8 556.3 63.6% 111.0 132.5 (16.2)% Reported Net Profit/Loss (628.9) (983.2) (36.0)% 93.1 (387.5) N.A. GOP margin

COMPANY LIMITED Management’s Discussion and Analysis FINANCE COST AND TAX ABBREVIATION & OUR PROJECTS EXECUTIVE SUMMARY FINANCIAL PERFORMANCE FINANCIAL POSITION PROGRESS OF PROJECTS UNDER CONSTRUCTION

through other comprehensive income (“FVOCI”) and reserve within equity. TFRS 16: Lease (replacing TAS17: Operating lease and Finance lease) As of 1 January 2020, operating leases were recognized as ‘right

international Climate Bond Initiative. The proceeds from the issuance of the Debentures will be used to repay corporate loan, refinance existing corporate debts and project finance to reduce interest rate and

used to repay corporate loan, refinance existing corporate debts and project finance to reduce interest rate and extend tenors. Successful BGYSP acquisition BGYSP acquisition successfully completed in