September, 2017. o The company has commenced production of electricity and steam from the third co-generation power plant (GTG-3), with capacity production of 12 MW and 42 tons of steam per hour. This being a

0 107 n/a Electricity sales 26,684 30,110 12.8% Steam sales 539 529 -1.9% Others 524 843 61.0% Sales and services income 27,747 31,482 13.5% 3 B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s

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

PEA 10 0% 35 0% 241.2% Electricity sales 13,143 96% 14,894 95% 13.3% Steam sales 283 2% 258 2% -9.0% Others 183 1% 463 3% 153.2% Sales and services income 13,609 99% 15,615 100% 14.7% Other revenues 113

19,968 22,644 13.4% Steam sales 420 397 -5.5% Others 303 678 123.8% Sales and services income 20,691 23,720 14.6% 3 B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s Discussion and Analysis Electricity

significant effect towards the Group’ s other revenue accounting policy, except for the sales of steam according to the Minimum take or pay contract of an associated company’s group in Indonesia. Revenue

18 0.0% 15 18 20.0% Sales to EDL 0 8 n/a 48 8 -83.3% Electricity sales 7,311 7,769 6.3% 7,465 7,769 4.1% Steam sales 126 137 8.7% 132 137 3.8% Others 214 249 16.4% 165 249 50.9% Sales and services

acquisition of 70% shares in Angthong Power was completed in March 2020. This SPP power plant has power capacity of 123 MW and steam capacity of 55 ton/hr with a 25-year PPA of 90 MW with EGAT (with the

profit decreased by Baht 128 million mainly due to the decrease in steam sales volume of Rayong Central Utility Plants (CUP) and IRPC Clean Power (IRPC-CP) decreased, even though the electricity sales

in gross profit of Baht 35 million as a result of the rise in electricity and steam sales from Rayong Central Utility Plants (CUP) after the maintenance shutdown during the previous quarter as well as