has also signed a definitive asset purchase agreement to acquire the adjacent utility assets of Artelia Ambiente, S.A. Portugal which has a capacity of 40 MW of electricity plus steam, demineralized

steam boiler and balance of plants including manufacturing and installation 3. Registered Capital: 25,000 EUR or equal to 901,052.50 Baht (Average selling rate on 4th April 2019: 36.0421 Baht per Euro

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

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

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

% resulted from the demand in electricity and steam from industrial customers slightly fall during Q2/2017. Performance of the company’s operating power plants in Q2/2017 compared to Q1/2017 (QoQ): • Sriracha

9% from Q2/2017. The increase in the profit is due to the rise in sales price resulted from the increase in Ft rate in Q3/2017. Also, the volume of electricity and steam sold at Rayong Central

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

3,175 million, increased by Baht 475 million or 18% from 2016. The increase is mainly due to the rise in sales of electricity and steam generated from the rise in demand of industrial users. Also, the COD