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

events in the second Quarter of 2017  The progress in construction projects - Klongluang Utilities Company Limited, (EGCO holds a 99.99% ownership interest.), is a cogeneration power plant project, TJ

4,669.2 (2.0%) Revenue from finance lease under power purchase agreement 109.4 104.5 105.2 0.7% (3.8%) 307.0 312.1 1.7% Cost of sales and services (1,350.7) (1,191.7) (1,168.7) (1.9%) (13.5%) (3,674.1

Page 2 Management Discussion and Analysis 1. Power Industry and Competition 1.1 Electricity industry and Economic situation in Thailand Thailand’s economy expanded by 2.4 percent in 2019, lower than 2018

1 June 30, 2020 Subjects : The acquisition of ordinary shares of APEX Energy Co., Ltd. increased 18.75% Attention : The Director and Manager of the Stock Exchange of Thailand Eastern Power Group

, a 11.4% increase YoY as planned reflected stable growth in volume  Share of Profit (Power Business) increased 162.9% YoY from 1Q2017 to record at Baht 659.2 million with foreign exchange gain of Baht

Dividends Received from Investments in Glow IPP Power Plant1. KEY HIGHLIGHTS  We witnessesd solid performance from both Utilities and Power Business  Utilities Business’s Operating Revenue was Baht 404.2

1,139.5 1,182.8 1,148.4 (34.4) (2.9%) 4,540.2 4,586.4 46.2 1.0% Revenue from finance lease under power purchase agreement 100.9 102.8 103.2 94.3 (8.9) (8.6%) 410.4 401.2 (9.2) (2.2%) Revenue from

PowerPoint Presentation THE INNOVATIVE POWER FLAGSHIP OF PTT GROUP MANAGEMENT DISCUSSION & ANALYSIS MD&A Q2/2019 PAGE 1 MANAGEMENT DISCUSSION & ANALYSIS (MD&A) Q2 2019 For Q2/2019, the EBITDA of the

, please contact Investor Relations Division of the Electricity Generating Public Company Limited at Tel: 662-998-5150-3 or Email: ir@egco.com Page 2 Management Discussion and Analysis 1. Power Industry and