expenses 5.8% 7.5% -1.7% Total revenue decreased by 8.3% year-on-year. Sales and service income decreased by 8.5%, with 7.3% decrease in automotive parts businesses and 11.3% decrease in dealership

-year average of 68.0 percent. Consequently, employment contracted by 0.7 percent. Private consumption slightly softened due to stagnant farm and non-farm income growth. Moreover, household debt, which

shareholders Operating results for the year 2019, 2018, and 2017 Unit: Baht million 2019 % 2018 % Increased (Decrease) % 2017 % Increased (Decrease) % Revenue and Services Income 51,171.6 100.00 53,066.6 100.00

income 0.32 0.21% 1.39 0.90% 1.07 335.59% Total revenue 151.85 100.00% 155.28 100.00% 3.43 2.26% Cost of services 97.96 64.51% 103.25 66.49% 5.29 5.40% Gross profit 53.89 35.49% 52.03 33.51% (1.86) (3.45

881.9 170.3 19.3 1,328.7 (276.5) (20.8) Profits from operations before income tax 646.2 211.0 435.2 206.3 1,034.1 (387.9) (37.5) Net profits 560.5 204.2 356.3 174.5 828.8 (268.3) (32.4) Basic earnings per

quarter of year 2018. 5. Income tax expenses were Bath 304.11 million, an increase of Baht 54.45 million or up by 21.81% as compared with the previous year. This was due to higher earnings before tax. Table

- Translation - Page 1 of 6 CBG 006/2020 20 February 2020 Subject Management discussions and analysis for the fiscal year ended 31 December 2019 To President The Stock Exchange of Thailand We

PowerPoint Presentation Management’s Discussion and Analysis (MD&A) For the Financial Result for the Fiscal Year Ended December 31, 2017 B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s Discussion

% (8) (8) - 0% Corporate income tax (2) (1) (1) 100% - - 0% Earnings (Loss) for the Period (19) (88) 69 -78% (51) (63) 12 -19% Sales and service income Revenue from sales and services of the company in

Q1/2017 (If excluding construction revenue under concession agreement of 990.07 million Baht, the total consolidated sales and services income would decrease by 74.75 million Baht or 7.02% compared to