of June 2018), up from 4.1 percent in the previous forecast. However, the growth outlook still challenge with uncertainties on the external front, especially US foreign trade policies and the

contribution in 2019.  With 90 manufacturing sites across 30 countries, and more than 90% in domestic sales, IVL is strongly suited for today’s macro environment to benefit from the trade tensions, supported by

loss on exchange rate from trade payable. FINANCIAL PERFORMANCE 7 B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s Discussion and Analysis FINANCE COST AND TAX ABBREVIATION & OUR PROJECTSEXECUTIVE

weaker from protectionist trade policies between US and China and effect of Baht appreciation, which affected to export sector and industrial sector, especially in electronic components manufacturing

cash and cash equivalents remaining from the proceeds of initial public offering after deducting the repayment of loans from commercial banks., (2) an increase of property plants and equipment which was

. The key elements of Assets in the Company’s Consolidated Financial Statements consisted of: (i) Investments in associates of Baht 14,587.6 million, (ii) Building and Equipment (net) of Baht 3,950.2

Baht 82 million or 35% from the increase in advance payment of Baht 97 million which was mainly comprised of advance payment to feedstock suppliers.  Net plant and equipment increased Baht 283 million

associates proportionately. 5. Increase in investments in joint ventures of THB 168.3 mm, due to capital increase in joint ventures proportionately. 6. Increase in properties, plants and equipment of THB 553.5

% 2. ECONOMIC SITUATION Thai economy in Q2/2019 moderated from previous quarter. The global demand weaker from protectionist trade policies between the US and China, which effected to export sector

loan procurement fees 8.20 - - - Building improvement and equipment 4.29 6.97 3.62 2.47 Other non-current assets 0.93 0.89 0.02 0.15 Total non-current assets 13.42 7.86 3.64 2.62 Total assets 569.28