and/or request for financial support from other party. (At the end of September 2019, SAFARI Group’s debenture outstanding balance was Baht 2,868.30 million), and/or 3) Long-term credit facility from a

long-outstanding receivables has recorded in accordance with the Financial Reporting Standard No. 9 Financial Instruments (TFRS 9) and also the employee-related expenses have increased. -3- Financial

Q2/18. The final dividend is normally announced in the board meeting in February of the following year for approval in the annual general meeting in April and paid out in May. Financial Status Net Cash

the annual general meeting in April and paid out in May. Financial Status The group currently has no interest bearing debt. Cash reserves and financial investments at the 31st December, 2017 were THB

1 Ref: AC.016/2019 4 May 2019 Subject: Management discussion and analysis of financial position and operating results To: President and Manager The Stock Exchange of Thailand Overall operating

Q2–2019 shows the increase of its outstanding from Q1–2019 and Q2–2018 which were in line with the increase in revenue. In addition, In Q2–2019, there was an additional reserve for employee benefits

Analysis of the Company’s Performance for the Six Months Ended June 30, 2018 Baht Million 6M/60 6M/61 +/(-) +/(-) % Total Revenue 537.24 698.02 160.78 29.93% EBIT 153.50 211.15 57.65 37.56% Financial Cost

to related persons as the loan outstanding increased from 1Q2019. Costs of funds in 1Q2020 were 2.42%, slightly decreased from 1Q2019 at 2.47%. The consolidated financial costs of the group in 1Q2020

, area 5,320 square wah Legal rights Absolute ownership Enclosure Page 6 Liability Mortgage as collateral for an outstanding Baht 190.00 million long-term loan with a financial institution for both land

PowerPoint Presentation Management’s Discussion and Analysis (MD&A) For the Financial Result of Quarter 1 Year 2018 Ended March 31, 2018 B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s Discussion