, in all cases, the accuracy and completeness of such data, particularly those from outside the company. In addition, any forward looking statements are subject to change as market conditions and actual

gain / (loss) from FX – Non-recurring income / (expense) KEY FINANCIAL HIGHLIGHT Sales and Service Income • Sales and service income increased 13.5% year- on-year from Baht 27,747 million in 2016 to Baht

-y mainly from a Baht 276 million gain from acquisitions of BGYSP which is non-cash and non-operating item in the same period of last year. • In 9M’2019 net profit / net profit to owner of the parents

62.5% 1,155.6% Unrealized gain / (loss) from FX 425 (201) n/a 245 (886) 685 179.6% n/a Non-recurring expense (151) (219) n/a (119) (113) n/a n/a n/a Normalized net profit (NNP)** 1,600 2,260 41.3% 913

discontinued. Fixed broadband continued outperforming the industry with revenue growth of 27% YoY as a result of a total net gain of 124,900 homes and a focus on implementing FMC. Other service revenues

towards the completeness and accuracy of such information in the case where we have the duty to submit information electronically to the SEC Office, or (2) the information has been submitted by us, as an

, and we assume the responsibility towards the completeness and accuracy of such information in the case where we have the duty to submit information electronically to the SEC Office, or (2) the

) ** Normalized net profit = Net profit – Unrealized gain / (loss) from FX – Non-operating income / (expense) B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s Discussion and Analysis 2018 2019 change Q4’18 Q3’19

ARPU slightly decreased -2.7%YoY. Fixed broadband business, contributing 5% of the core service revenue, continued its momentum with recorded high subscriber gain of +165k for 1H20 stimulated by work

– Unrealized gain / (loss) from FX – Non-recurring income / (expense) KEY FINANCIAL HIGHLIGHT Sales and Service Income  Sales and service income increased 14.6% year- on-year from Baht 20,691 million for 9M