-controlling interests increased by 2.29 million Baht. Cash flow statement for 2019 for 2018 Profit (loss) from operating activities before change in operating assets and liabilities (43.93) (69.94) Net cash

% change million Baht million Baht y-on-y million Baht million Baht q-on-q Sales and service income 15,615 16,961 8.6% 8,156 8,805 8.0% EBITDA 4,356 4,587 5.3% 2,218 2,369 6.8% Net profit 1,848 1,519 -17.8

enhanced to 28% 9M'2016 9M'2017 % change million Baht million Baht y-on-y Sales and service income 20,691 23,720 14.6% EBITDA 5,679 6,626 16.7% Net profit 2,473 2,823 14.1% Normalized net profit (NNP)* 1,966

: * Normalized net profit = Net profit – Unrealized gain / (loss) from FX – Non-recurring income / (expense) B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s Discussion and Analysis Q1’2019 Q1’2018 % change

depreciation and amortization expenses Financial Performance Project UpdatesExecutive Summary Change QoQ YoY +/(-) Operating revenue 5,553 5,366 5,459 2% (2%) 11,037 10,825 (2%) Gross profit 1,251 1,098 1,256 14

recognized the share of profit according to the increasing investment. KLU: Unit : Million Baht 2018 2017 Change Increase (Decrease) Amount % Electricity revenue 2,231 913 1,318 100% Other income 7 1 6 100

) (1,092) (431) (657) (1,184) (1,749) (565) (32%) Normal operating profit (loss) 44 162 (2) 84 42 246 (204) (83%) GPS (JV) XPCL* (ASSO) NT1PC (JV) GIDEC** (JV) Total Change Increase (Decrease) 2019 2018 2019

profit was down, caused by more unplanned outage than the previous year. Banpong: Unit : Million Baht 2017 2016 Change Increase (Decrease) Amount % Electricity revenue 1,149 - 1,149 100% Other income

Income for the year 2019 per following table: (THB) Million 2019 2018 Change %Change Total Revenues 531.73 538.96 (7.23) (1) Total Expenses (497.06) (488.86) 8.20 2 Shares of Profits (Loss) (46.23) 26.72

: Million Baht) 3 Months Change % Change 2 / 5 Operating results by business for the three-month period ended 30 June 2020 • Increase in gross profit was mainly derived from the following reasons: 1