presented below: Tax income (expense) comprised of current tax and deferred tax. Deferred income tax mainly from temporary difference of receivable from finance lease and derivative assets. Administrative

income (expense) comprised of current tax and deferred tax. Deferred income tax mainly from temporary difference of receivable from finance lease and derivative assets. Administrative expenses Quarter 3

investment, fiscal stimulus, increase in relocations of production base to Thailand would be beneficial to private consumptions and investments and lessen the negative impacts from the external factors. For

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

our higher interest rate borrowings (note that the financing costs of BIP1 and BIP2 is 5.6% p.a. for fiscal year end 2017). Acquisition of BGYSP BGRIM acquired additional of 51% shares of B.Grimm Yanhee

the tourism sector, political uncertainties and strengthening of the Thai Baht which may impact competitiveness in international trades. However, acceleration in public investment, fiscal stimulus

burden of SME and consumers and increase liquidity in the markets and to further support the fiscal measures that have already been introduced earlier. For 2020, the Thai economy is projected to contract

and increase liquidity in the markets and to further support the fiscal measures that have already been introduced earlier. 3 For 2020, the Thai economy is projected to contract significantly due to (1

and B7 was mandated for the rest of the year. In FY2018, the average EPPO P2F (the difference between EPPO ME price and mixed feedstock prices) was at 5.19 Baht/kg, increased by 5% from 4.96 Baht/kg in

. EBITDA of Education Business was THB 43 million, declining by 14.0% yoy. Other Businesses FY2018, revenue from Other Businesses was THB 514 million decreased by 4.5% yoy, contributed by the difference of