) 2019 2018 Increase/(decrease) % Income Income from Sale of Goods 190,461.74 203,555.86 (13,094.12) (6.43) Income from Sevice 107,526.94 26,275.28 81,251.66 309.23 Cost of Sale of Goods (151,506.32

% increased from Q3/2016 or in Baht 33.8 million mainly due to decreasing of pock price and effective production management. - QSR business recorded its GPM of Baht 23.2 million that 25.1% increased from Q3

network and service. This resulted in overall network OPEX ( excluding cost of TOT partnership) to stay flat YoY or remained at 8% of core service revenue. The focus on effective spending amidst intense

from the cost reduction scheme, both in terms of employee-related expenses and the negotiation for the rental cost reduction. • Net profit margin in Q3/2020 decreased by 6.6% from Q3/2019, and in 9M/2020

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

213,102 512,053 (298,951) (58.38) Gross profit margin (%) 33.25 28.50 4.75 16.66 Total revenue 666,277 1,819,624 (1,153,347) (63.38) Total Cost & Expense 719,232 1,685,730 (966,498) (57.33) Selling & Admin

which the fact that the registration statement contained false information becomes known or should have been known, but not exceeding two years from the effective date of registration statement.” 3

nearly the whole quarter, hence the maintenance cost will increase and the revenue from Availability Payment (AP) will drop. Likewise, Rayong Central Utility Plants and IRPC-CP will have the scheduled

2.46 -5.7% Steam to IU - Thailand Baht/Ton 1,059.31 1,034.45 -2.3% Effective gas cost Baht/mmBtu 240.00 239.89 235.26 -0.0% -2.0% B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s Discussion and Analysis

optimize the cost to serve customers while ensuring an effective spending on marketing campaigns. As a result, we expect EBITDA margin (excluding equipment rental) to stay in a range of 45-47%. All