to full operation with enhanced efficiencies after planned major maintenance 1Q2017 - B.Grimm Power (WHA) 1 operated full quarter. In addition, Gulf VTP, one of the four SPPs to COD this year, achieved

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

Group enhanced the machinery of the new biomass power plants which the Group acquired in the third quarter of 2020. This was led to the increasing in machinery’s performance efficiency and electricity

PowerPoint Presentation Management’s Discussion and Analysis (MD&A) For the Financial Result of Quarter 3 Year 2017 Ended September 30, 2017 B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s

consumption) NNP = Normalized net profit O&M = Operations and maintenance P.A. = Per annum PEA = Provincial Electricity Authority (Thailand) PPA = Power purchase agreement PTT = PTT Public Company Limited SG&A

, please contact Investor Relations Division of the Electricity Generating Public Company Limited at Tel: 662-998-5150-3 or Email: ir@egco.com Page 2 Management Discussion and Analysis 1. Power Industry and

PowerPoint Presentation THE INNOVATIVE POWER FLAGSHIP OF PTT GROUP MANAGEMENT DISCUSSION & ANALYSIS MD&A Q3/2019 PAGE 1 MANAGEMENT DISCUSSION & ANALYSIS (MD&A) Q3 2019 On the 9th October, after

Group • After the acquisition, the company equity capacity increased by 2,771 MW aggregating to a total of 4,986 MW • In addition, the synergies created has enhanced the innovation in the power business

the successful pilot project, ABP3, completed in January which enhanced the performance of gas turbine [to lower the heat rate of the power plant, shorten the maintenance period (or add operating days

Yai and Chachoengsao branch). Industry Overview The retail industry in 2018 is expected to grow but at moderate level since the purchasing power of middle and low income consumers, who are the main