UNDER CONSTRUCTION EXECUTIVE SUMMARY 1 B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s Discussion and Analysis Sales and service income, EBITDA, and NNP in 2017 hit record high; EBITDA margin enhanced

may be not equal to 35.83 MW. 3 1.2) Key financial highlight Sales and service income, EBITDA, and NNP for 1H’2017 hit record high; EBITDA margin enhanced to 28% 6M'2016 6M'2017 % change million Baht

PROJECTS UNDER CONSTRUCTION EXECUTIVE SUMMARY 1 B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s Discussion and Analysis Sales and service income, EBITDA, and NNP for 9M’2017 hit record high; EBITDA margin

close monitoring of the ongoing impacts of the pandemic on our industrial customers' operational plans, there was continuing strong electricity and steam demand from our main customers, petrochemical

High Net Worth investors and 3) tentative issue date in May 2018 Progress on development of solar projects in Vietnam BGRIM has agreed to develop large-scale solar power plants with an installed capacity

is the ideal location for petrochemical, chemical, steel and utility- intensive customers requiring electricity and steam. After successfully acquiring 100% shares of Glow SPP1 from Glow Company

to 9M/2017, the operating revenue of 9M/2018 rose by Baht 3,873 million or 26% because of the growth in electricity and steam sales from the full operation of IRPC-CP and ISP1 in Q4/2017, along with

crisis together with no layoffs or pay cuts. The work-from-home policy has been implemented together with several measures to ensure that high quality of our services is not impacted. For business, most

monitoring impacts of COVID-19 pandemic on our industrial customers' operational plans. In Q3/2020, electricity and steam demand from our petrochemical customers in Map Ta Phut Industrial Estate and our

of 5 and 7 years fixed coupon rate. This green and climate bond complies with high international standard which are the International Capital Markets Association's Green Bond Principles and the