. • Net profit margin in Q1/2020 dropped by 15.0% from Q1/2019 as a result of the slow down in dessert café sales in Q1/2020 while SG&A expenses did not change significantly as the cost-saving plan will be

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

change of scoring criteria effective this year despite an increase of average number of registered patients to 176,554 from 164,812 person yoy. Operation : Consolidated Profit & Loss Statement 3Q 3Q % 9

others cost from obsolete goods. Table 6: Cost of Goods Sold by Type of Expenses for the Years ended 31 Dec (12M YoY) Cost of sales Consolidated financial statements Change Increase/(Decrease) For The

Type of Expenses for the Six Months period ended 30 Jun (6M YoY) Cost of sales Consolidated financial statements Change Increase/(Decrease) For Six Months Period Ended 30 Jun 2018 2019 THB mm % THB mm

, total revenue stood at THB 12,189 mn and net profit stood at THB 1,890 mn). However, the Company implemented the cost-effective management as planned to reduce impact to business performance. As a result

, total revenue decreased by 31.8% and net profit decreased by 65% YoY). However, the Company implemented the cost-effective management as planned to reduce impact to business performance. As a result of

due to decreasing of pock price and effective production management. - QSR business recorded its GPM of Baht 86.8 million that 14.3% increased from year 2016 or in Baht 10.9 million. - Swine farm

and the Reversal of loss on devaluation of inventories. Another key factor in reduction in Cost of Goods Sold is the change in estimated useful lives of fixed assets as disclosed in the Note to

ended 31 Mar 2020 (3M YoY) Cost of sales Consolidated financial statements Change Increase/(Decrease) For the three months ended 31 March 2019 2020 THB mm % THB mm % THB mm % Raw material and packaging