Opportunity Day1Q2019 Financial Results23 May 2019Ticker: BCPG (SET)

Agenda

2

Highlights

Performances

Outlooks

Mr. Bundit Sapianchai, President and CEO

“BCPG believes in Democratization of Energy – we work to put the power to manage the

energy economy into the hands of consumers.

Through collaboration with partners, we aim to democratize energy by using innovation to

create a sustainable way of new energy utilization”

Democratization of Energy

4

Establishing strong foundations for new way of energy consumption covering 3 segments e.g. residential, commercial and industrial. 2-year journey and way forward

Engaged Power Ledger as Digital Energy Partner

4Q17

T77 Launch with Sansiri

Smart University with CMU

Sun Share Project with SC Asset

Jointly established Thai Digital Energy Development

(TDED) with PEA ENCOM

Development with key partners:

1H193Q18

2018: Energy for everyone 2019: Democratization of Energy

4Q18

Started to record revenue from

rooftop solar biz

By 1H19

Plan to apply for ERC Sandbox P2P trading area

Next step:

41%

49%

10% Rooftop solar

EnergyEfficiencyDigitalPlatform

Partnering with PEA Encom

5

Another significant step to penetrate into retail markets

3 businesses under JV:

3Digital Energy

Platform

2 Energy Efficiency & Management

1 Investment in renewable generators

5-year target:MW: Rooftop solar: 350 MW

Energy efficiency: 419 MWPortfolio mix:

Project update in Japan

6

Construction timeline has been pushed by regulatory challenges

Project Target COD

Komagane 1H20

Chiba 1 1H20

Yabuki 2H20

Chiba 2 2H22

Construction plan update:

40 MWDC

Commenced first Thai wind power plant in portfolio

7

Operation started ahead of schedule with stringent CAPEX spending

0.0%

10.0%

20.0%

30.0%

Jan Feb

Mar

Apr

May

Jun Jul

Aug

Sep

Oct

Nov

Dec

Est. capacity factor (%)

Seasonality: Estimate seasonally peak in 4Q

Total investment: THB 835 mn

Share purchase: THB 219 mnConstruction cost: THB 616 mn

Revenue target: THB 109 mn p.a. until 2028

Based on capacity factor 19%-20%Adder THB 3.5/kWh granted

8Ms. Phatpuree Chinkulkitnivat, CFO

“Aligning business and finance strategy to grow the company

while ensuring compliance with financial regulations, protecting company’s vital assets, and

applying critical thinking to the long-term goal of BCPG”

Performance

Business footprint

9

In operation: 147.9 MW*Under construction: 12.0 MW

In operation: 14.7 MWUnder construction: 116.5 MWAssets monetization: 19.3 MW

In operation: 14.4 MWUnder construction: 5.6 MW

In operation: 157.5 MWUnder construction: 24.0 MW

Well-diversified renewable energy portfolio in Asia Pacific Unit: contracted capacity or equity MW

492.6 MW Total29 MW

182 MW

282 MW

Technology

Operating 335 MW

Developing158 MW

Status

Update as of 30 April 2019

TH

JP

PH

ID

Remark: *Including wind power plant project of 9.0 MW

Business portfolio

10

94169 169 202

394 381

2013 2014 2015 2016 2017 2018

Installed & Equity MW in Portfolio

Solar TH Solar JP Wind PH Geothermal ID

130 231 263 274

847

1,607

2013 2014 2015 2016 2017 2018

Power Generation

Solar TH Solar JP Wind PH Geothermal ID

Unit: GWh

Unit: MW

Power Generation

77%

4%1%

18%

ID

1Q19: 401 GWh (+1.0% YoY)

TH

JPPH

Pro Forma Revenue

45%

5%3%

48% ID

1Q19: THB 1,591 million (-0.4% YoY)

TH

PHJP

Unit: GWh

Unit: THB mn

Geothermal power plants support business portfolio’s prominent generation growth

0%20%40%60%

Q1 Q2 Q3 Q4

2016 2017 2018 2019

Seasonality summary

11

12%15%17%20%

Q1 Q2 Q3 Q4

2016 2017 2018 2019

0%

95%

Q1 Q2 Q3 Q4

2018 2019

Solar (TH):Q1: Cloudy weatherQ2: Partial effect from rainQ3: Rainy seasonQ4: Winter & partly cloudy

Solar Wind

Solar (JP):Q1: Winter with cloudy weatherQ2: Clear weather (Spring)Q3: Summer with rainy seasonQ4: Winter season

Wind (PH):Q1: Monsoon seasonQ2: Dry season with lowest wind speedQ3: Picking up windspeed due to monsoonQ4: Partially supported by monsoon

Geothermal (ID):Limited seasonal fluctuation Well-planned maintenance shutdown among power plants

Wind (TH):Q1: North wind → cold climateQ2: Absence of monsoonQ3: Rainy season from central regionQ4: Rainy season in the South

Geothermal

15%18%20%23%

Q1 Q2 Q3 Q4

Estimate

5%

9%

13%

17%

Q1 Q2 Q3 Q4

2017 2018 2019

Well-diversified technology in portfolio helps smoothen performance throughout

the year

Key highlights for 1Q19

12

By numbers

EBITDA Presenting resiliency

609.5Unit: THB mn

Net profitRobust all-around performance

491.6

MWLeading renewable player in Asia Pacific

492.6

ND/E Well below industry average and covenant

0.87x

Div. YieldCommitment to shareholders

3.9%

Key takeaway

A good start for 2019 thanks to robust performance and higher contribution from investment in associates

1

Healthy financial position supported by low gearing ND/E and financing cost…

2

…Free up room for future investment through organic and acquisition activities

3

COD of wind power plant “Lomligor” in 2Q19 should enhance bottom line YoY growth

4

915 14

4 4

10.5%15.5% 14.3%

10.1% 11.1%

1Q18 2Q18 3Q18 4Q18 1Q19Generation Capacity factor (%)

66 67 6473 72

17.2% 17.1%15.6%

17.8% 17.7%

1Q18 2Q18 3Q18 4Q18 1Q19Generation Capacity factor (%)

801 874 830 815 808

70.1% 71.7% 69.3% 72.1% 74.4%

1Q18 2Q18 3Q18 4Q18 1Q19

Thailand Japan Gross Profit Margin

13

Revenue & Gross Profit Margin:Overall 1Q19 revenue is relatively stable YoY thanks to robust operations in Thailand & full-quarter recognition of three new projects offset the absence of 2 projects sold into IFF1Q19 Gross profit margin reached peak level from the past ten quarters at 74.4% thanks mainly to lower COGS

Favorable weather conditions as well as full-quarter book of newly COD of WVO supported YoY growthQoQ output was relatively stable

Revenue & plants performance

Output lowered significantly YoY due to Assets monetization since 3Q18 On QoQ basis, improving weather conditions helped increase capacity factor especially at Gotemba plant

Revenue & Gross profit margin

-0.9% QoQ+0.8% YoY Power generation & Capacity factor (%)

Power generation & Capacity factor (%)

-1.6% QoQ+8.8% YoY

+4.5% QoQ

Unit: THB million Unit: GWh

Unit: GWh -55.3% YoY

Resilient operations

592 670 576 614 610

73.9% 76.7%69.4% 75.3% 75.5%

1Q18 2Q18 3Q18 4Q18 1Q19

EBITDA EBITDA margin

14

Unit: THB million

Remark: EBITDA from operation, excluding other revenue and share of profit from associates and one-time items

18.2% 15.4% 16.0% 16.6% 17.9%

1Q18 2Q18 3Q18 4Q18 1Q19

EBITDA1Q19 EBITDA grew by 2.9% YoY mainly thanks to rising GPM

EBITDA

-0.7% QoQ+2.9% YoY

Selling and administrative expense%SG&A/Sales slightly decreased YoY. However, on QoQ basis, %SG&A/Sales increased due to higher personal expense

EBITDA & EBITDA margin %SG&A/Sales

Growing YoY driven by increased GP

15

22.2

2.4

29.118.9

37.4

1Q18(restated)

2Q18 3Q18 4Q18 1Q19

Amortization (8.1) (8.3) (8.5) (8.4) (8.5)

One-time items - - - - -

Net share of profit 14.1 (5.9) 20.6 10.5 29.2

Unit: THB million

Booked 1Q19 record high share of profit (before amortization) since acquisition, driven by continued favorable wind speed during the periodCapacity factor was also at peak level of 53.4% since acquisition

+97.7% QoQ

Share of profit from associatesWind power plant in the Philippines

+68.5% YoY

(Nabas)

14.4 MW + 5.6 MW

Typically high season supported higher share of profit contribution

138

14 1217

39.4%

24.6%

43.2%37.8%

53.4%

1Q18 2Q18 3Q18 4Q18 1Q19Sellable output Capacity factor (%)

Sellable output and Capacity factor (%)

Share of profit from operation (before amortization)

Unit: GWh +38.3% QoQ

+30.6% YoY

Remark: Sellable output based on holding percentage

313 301 305 318 307

97.2% 91.3% 91.9% 95.3% 93.6%

1Q18 2Q18 3Q18 4Q18 1Q19Sellable output Capacity factor (%) 16

181.0 213.2 192.6 174.5 188.0

1Q18(restated)

2Q18 3Q18 4Q18 1Q19

Amortization (95.2) (96.4) (99.6) (99.1) (95.5)

One-time items - (122.7) - (83.8) -

Net share of profit 85.8 (5.9) 93.0 (8.4) 92.5

Pro Forma revenue(USD mn)

23.6 23.9 23.9 24.2 22.9

Unit: THB million

+7.7% QoQ

(Salak)65 MW

(Darajat)47 MW

(Wayang Windu)45 MW + 24 MW

157.5 MW + 24.0 MW+3.9% YoY

Share of profit (before amortization) contribution increased both YoY and QoQ mainly supported by higher net profit from associates Capacity factor was relatively stable

Stable operation and increasing net profit contribution supported growth

Share of profit from associatesGeothermal power plants in Indonesia

Share of profit from operation (before amortization)

Sellable output and Capacity factor (%)Unit: GWh

-2.0% YoY-3.5% QoQ

Remark: Sellable output calculated based on holding percentage

+10.9% YoY

+16.5% QoQ

17

203.2 215.6 221.7 193.4 225.4

1Q18(restated)

2Q18 3Q18 4Q18 1Q19

Indonesia The Philippines

Amortization (103.3) (104.7) (108.1) (107.5) (103.7)

One-time items: - (122.7) - (83.8) -

Refinancing related expenses - (122.7) - - -

Tax provision - - - (83.8) -

Net share of profit* 99.8 (11.8) 113.6 2.1 121.7

Unit: THB million

YoY growth driven by record performance at wind power plant given favorable wind speed as well as robust performance at Geothermal power plants

Share of profit from associates

Thanks to resilient operation at Geothermal as well as no one-time item reported during the period, net share of profit increased significantly both QoQ and YoY.

Robust performance supported share of profit contribution growth

Remark: *Net share of profit = Share of profit (after amortization) – one-time items

Share of profit from operation (before amortization)

Finance cost

18

123 129 136 132 1292.9% 2.9%

3.3% 3.2% 3.3%

1Q18 2Q18 3Q18 4Q18 1Q19Interest expense Effective Kd

18

Unit: THB million

IBD breakdown by maturity IBD breakdown by currency

9.8% 9.8%

90.2% 90.2%

2018 1Q19< 1 year Due after 1 year

51.1% 51.4%

43.0% 42.7%

5.9% 5.9%

2018 1Q19THB JPY USD

IBD breakdown by Fixed-Floating rate

1Q19 Financial costs increased by 5.0% YoY in tandem with rising interest rate given higher proportion of floating rate loanOn QoQ basis, finance cost decreased marginally by 2.3% while average cost of debt (Kd) was stable

9.8% 15.3%

90.2% 84.7%

2018 1Q19Fixed rate Floating rate

-2.3% QoQ+5.0% YoY

Despite increasing finance cost, the effective Kd is still well below industry averageFinance cost and Kd (%)

Core profitRobust operation and increased share profit support growth

19

395 507 412 405 454

49.3%58.1%

49.6% 49.7%56.2%

1Q18(restated)

2Q18 3Q18 4Q18 1Q19

Core profit Core profit margin

Core profit:Growing core profit due to (1) robust performance of solar power plants in Thailand and Japan from favorable weather (2) full-quarter recognition of 3 new projects (COD during 2018) (3) the increased share of profit from investment in associates

+15.0% YoY

+12.1% QoQ

Unit: THB million

Core profit & Core profit margin (%)

Remark: Core profit equals to net profit minus FX gain/loss and one-time items

Net profitRobust operation, increased share profit and FX gain support growth

20

382 419

1,139

310 492

47.7% 47.9%

137.3%

38.0%60.9%

1Q18(restated)

2Q18 3Q18 4Q18 1Q19

Net profit Net profit margin

Net profit:Prominent growth mainly due to (1) the robust performance of solar power plants in Thailand and Japan (2) an increased share of profit from investment in associates (3) FX gain of THB 37.8 million

+28.7% YoY

+58.7% QoQ

Unit: THB million

Net profit & Net profit margin (%)

Financial position

48.0% 49.1%

49.3% 48.3%

31,557.9 31,698.8

2018 1Q19

Equity Other Liabilities Interest-bearing debt

1.26 1.08 1.04

2017 2018 1Q19

D/E Ratio

D/E Ratio Covenant

Covenant = 3.0x

21

Total assets

0.30 0.32

0.31 0.32

0.61 0.64

68.5% 57.7%

2017 2018Second half performanceFirst half performance

Total dividend (THB/Share)

DPR

Dividend Payment

Dividend policy = not less than 40% of the Company’s net profit based on separated Financial Statement

Healthy financial position as well as providing satisfactory dividend payment

12.84 15.16 12.80

2017 2018 1Q19

ROE (%)

ROE

Mr. Charnvit Trangadisaikul, EVP of Business Development

“At BCPG, we strive for a balance between delivering continuous business expansion and

ensuring investments are prudent. Investors can rest assured that all of our

investments are sustainable ones”

Outlooks

+10 GW of RE by 2030 Recently announced 5.5 GW offshoreTop ranked wind speed at Taiwan strait

TW

Business opportunity in the region

500 MW of solar bidding set to start on 8 Aug 2019Target RE to meet 20% by 2025 Target 100 MW COD 2020

MY

Thailand: PDP 2018 - Solar rooftop, floating solar, wind, digital energyJapan: Biomass Development with FiT of JPY 24 per kWhThe Philippines: Expansion of existing pipeline, Off-grid Solutions, merchant market Indonesia: Expansions and new exploration awaits

Opportunity at Current Footprints

Potential Expansion

Battery of AsiaGood resource for hydro and wind power plantCenter of regional elec. transmission system by 2025

LA

10% p.a. Elec. Demand Growth+27 GW of Renewable by 2030 (12 GW Solar)Visibility on 2019 Projects

VN

+50 GW of Renewable by 2030Gov’t strong support on ESSTarget RE share from currently 8% to 30 - 35% by 2040

KRRetirement of Coal Plants+38 GW of Renewable by 2036Liberalized Retail Market

AU

23

24

Appendices

Financial Statement

25

Overall business performance

Unit: THB million 1Q18* 1Q19 Change (%) 4Q18 Change (%)

Revenue from sale and redering of service 801.5 807.8 0.8% 815.3 -0.9%Cost of sale and rendering of services (239.6) (206.9) -13.6% (227.8) -9.1%Gross profit 561.9 600.8 6.9% 587.6 2.3%Administrative expenses (146.1) (144.3) -1.2% (129.3) 11.6%

Administrative expenses (146.1) (144.3) -1.2% (135.1) 6.8%Tax income/expense related to IFF - - NA 5.8 NA0.0 0.0 0.0% 0.0 0.0%

Operating profit 415.9 456.5 9.8% 458.2 -0.4%0.0 0.0 0.0% 0.0 0.0%EBITDA (excl. expenses related to IFF) 592.3 609.5 2.9% 607.9 0.3%Share of profit of investment in associates 99.8 121.7 22.0% 2.1 5,831%Other income/(expense) 2.2 2.6 16.3% 2.5 5.4%Gain/(loss) on foreign exchange (12.8) 37.6 -393.2% (17.1) -319.9%EBIT 405.3 496.8 22.6% 443.6 12.0%Finance costs (122.8) (128.9) 5.0% (131.9) -2.3%EBT 382.3 489.6 28.1% 313.8 56.1%Income tax expense (benefit) (0.3) 1.9 -653.1% (3.9) -148.6%Net profit 382.0 491.6 28.7% 309.8 58.7%Recurring profit ** 394.8 453.9 15.0% 405.0 12.1%Basic Earnings per Share (THB) 0.19 0.25 31.6% 0.20 25.0%Remark:*Restated**Excluding gain/(loss) on FX and one-time items

Remark: *Restated **Excluding gain/(loss) on FX and one-time items

Financial Statement

26

Unit: THB million 2018% of total

assets1Q19

% of total assets

Change (%)

Cash and cash equivalents 2,425.3 7.7% 1,789.9 5.6% -26.2%Trade accounts receivable 523.8 1.7% 546.6 1.7% 4.3%Other current assets 226.1 0.7% 278.4 0.9% 23.1%Total current assets 3,175.2 10.1% 2,614.9 8.2% -17.6%Investments in associate & subsidiaries 13,500.7 42.8% 13,556.9 42.8% 0.4%Property, plant and equipment 12,945.3 41.0% 13,732.8 43.3% 6.1%Goodwill and Intangible assets 1,765.6 5.6% 1,722.8 5.4% -2.4%Other non-current assets 171.0 0.5% 71.5 0.2% -58.2%Total non-current assets 28,382.6 89.9% 29,083.9 91.8% 2.5%Total Assets 31,557.9 100.0% 31,698.8 100.0% 0.4%Short-term borrowings & current portions 1,520.6 4.8% 1,511.2 4.8% -0.6%Long-term borrowings 14,046.6 44.5% 13,814.2 43.6% -1.7%Other liabilities 848.5 2.7% 799.2 2.5% -5.8%Total liabilit ies 16,415.6 52.0% 16,124.6 50.9% -1.8%Equity attributable to owners of the Company 15,142.1 48.0% 15,574.1 49.1% 2.9%Non-controlling interests 0.1 0.0% 0.1 0.0% 0.0%Total liabilit ies and Equity 31,557.9 100.0% 31,698.8 100.0% 0.4%

Consolidated Statement of Financial Position

Financial Statement

27

Unit: THB million 1Q18 1Q19 YoY ChangeNet cash from (used in) operating activities 550.9 365.3 (185.6)

Net cash from (used in) investing activities (47.8) (845.8) (797.9)

Net cash from (repay to) financing activities (143.3) (120.2) 23.1

Net increase in cash and cash equivalents 359.8 (600.7) (960.5)

Cash and cash equivalents at 1 January 2,004.0 2,425.3 421.3

Effect of exchange rate changes on balances held in foreign currencies

12.4 (34.7) (47.1)

Cash and cash equivalents at end period 2,376.2 1,789.9 (586.2)

CAPEX (48.2) (845.8) (797.5)

Consolidated Statement of Cash Flows

Conventional solar & wind projects in Thailand

28

No. ProjectLocation

Operating Entity

% of Shareholding

Installed Capacity

(MW)

Contracted Capacity

(MW)Tariff Power Structure Off Taker CODDistrict Province

1 BCPG 1Bang Pa-in Ayutthaya BCPG N.A.

9.8 8

Adder THB 8/kWh

PEA 5/08/11BCPG 2 35.6 30 EGAT 16/07/12

2 BSE-BNN Bumnetnarong Chaiyaphum BSE 99.9 25.2 16

PEA

6/03/133 BSE-BPH Bang Pahan Ayutthaya BSE 99.9 25.2 16 5/04/134 BSE-BRM Prakonechai Buriram BSE-BRM 99.9 12.5 8 19/03/145 BSE-BRM1 Nongkee Buriram BSE-BRM 1 99.9 12.5 8 11/04/146 BSE-CPM1 Bumnetnarong Chaiyaphum BSE-CPM 1 99.9 12.6 8 24/04/147 BSE-NMA Dan Khun Tod NakhonRatchasima BSE-NMA 99.9 12.6 8 10/04/148 BSE-PRI Kabinburi Prachinburi BSE-PRI 99.9 25.0 16 21/04/14

9 Co-op: WSC Wiset Chai Chan Angthong BSE-PRI N.A. 5.0 5.0

FiT: THB 5.66/unit PEA(25 years)

23/12/16

10 Co-op: BPI Bang Pa-in Ayutthaya BSE-PRI N.A. 5.0 5.0 14/03/17

11 Co-op: AYA Phra Nakhon Si Ayutthaya

Ayutthaya BSE - PRI N.A. 2.0 2.0 23/12/16

12 Co-op (WVO)Saraburi Phra Phutthabat Saraburi BCPG N.A. 5.0 5.0

FiT: THB 4.12/unit PEA(25 years)

20/7/18

13 Co-op (WVO)Kanchanaburi Tha Muang Kanchanaburi BCPG N.A. 3.94 3.94 23/7/18

14 Lomligor Pak Panang Nakhon Sri Thammarat LLG 99.9 10.0 8.965 Adder THB 3.5/kWh PEA

(25 years) 11/4/19

Contracted capacity of 147.9 MW

Other solar projects in Thailand

29

Total contracted capacity in pipeline of 18.4 MW. COD target by 2019.

No. Type Segment Relation-ship

Project Location Contracted Capacity

Terms (year)

Tariff power structure

Status/ COD

1 Rooftop Industrial Subsidiary Kingboard Uthai, Ayutthaya 0.752 MW 20 Private PPA COD 1/12/2018

2Rooftop Commercial Partner

Habito, T77, Sansiri

Wattana, Bangkok 0.053 MW 25 Private PPA COD 12/1/2019

3Rooftop

Commercial/Residential

Partner T77, Sansiri Wattana, Bangkok 0.376 MW 25 Private PPA Under construction

4 Rooftop Commercial Partner Sansiri Several cities 0.379 MW 25 Private PPA Under construction

5 Rooftop Commercial Partner CMU Mueang, Chiangmai 12.0 MW 20 Private PPA Under construction

6 Rooftop Mixed Partner Several Several cities 4.61 MW 18-25 Private PPA In progress

7 Floating Industrial Partner BangchakBiofuel

Bang pa-in, Ayutthaya

0.2 MW 25 Private PPA In progress

Conventional solar projects in Japan

30

Contracted capacity of 14.7 MW

30

No. Project % ofInvestment Location Irradiation

(kWh/m2/year)Installed Capacity

(MW)

Contracted Capacity

(MW)

Feed-in Tariff (FiT)

(JPY/kWh)PPA Period

(Year) Off Taker Status

Operation1 S1

(Natkatsugawa) 100.0 Kagoshima, Japan 1,405 0.9 0.7 40 20

Kyushu Electric Power Company

COD 15/08/14

2 S11 (Takamori ) 100.0 Kumamoto, Japan 1,376 1.3 1.0 40 20 COD 16/02/15

3 S19 (Nojiri) 100.0 Miyazaki, Japan 1,433 1.1 0.9 40 20 COD 24/02/15

4 Tarumizu 100.0 Kagoshima, Japan 1,369 9.7 8.1 40 20 COD 31/08/15

5 Gotemba 100.0 Shizuoka, Japan 1,291 4.4 4.0 32 20 Tokyo Electric Power Company COD 16/04/18

Developing

6 Komagane 100.0 Nagano, Japan 1,472 32.0 25.0 36 20 Chubu Electric Power Company Expect to COD within 1H20

7 Yabuki 100.0 Fukushima, Japan 1,294 27.9 20.0 36 20 Tohoku Electric Power Company Expect to COD within 2H20

8 Chiba 1 100.0 Chiba, Japan 1,362 27.0 20.0 36 20 Tokyo Electric Power Company Expect to COD within 1H20

9 Chiba 2 100.0 Chiba, Japan 1,362 13.0 10.0 32 20 Tokyo Electric Power Company Expect to COD within 2H22

Under development10 Nagota 100.0 Kagoshima, Japan 1,448 30.0 24.0 36 20

Wait for Grid11 Isakida 100.0 Kagoshima, Japan 1,463 4.4 3.5 36 20

12 Shimoyunohira 100.0 Oita, Japan 1,330 9.6 8.0 36 20

13 S5 100.0 Kagoshima, Japan 1,371 7.2 6.0 36 20

Sold to IFFNikaho 100.0 Akita, Japan 1,136 13.2 8.8 40 20 Tohoku Electric Power Company COD 15/07/16

Nagi 100.0 Okayama, Japan 1,329 14.4 10.5 36 20 Chugoku Electric Power Company COD 02/03/17

Group’s Business Structure

31

Public

BSE BSE-BRM BSE-BRM1 BSE-CPM1 BSE-NMA BSE-PRI LLG BBP 1 BPP 2

Thailand

Singapore

99.9% 99.9% 99.9% 99.9% 99.9% 99.9% 99.9% 99.9% 99.9%

BSEH

100.0%

BSEH SEGHPL

33.3%

GreenergyHoldings

GreenergyPower BCPG Wind

100.0% 100.0% 100.0%The Netherlands

JapanPetrowind

Energy

The Philippines 40.0%

HMJ BCPGJ

EPC(1) AM(2) Investment(3) Project Under Development

Operating Projects

Operating Projects

Operating Projects

100.0% 100.0%

100.0% 51.0% 100.0% 100.0% 100.0% 100.0%

100.0%

(1) EPC = Groups of companies doing such business as (1) a turnkey EPC contractor and (2) an operation and maintenance contractor for solar power plants in Japan(2) AM = an Asset Management company rendering operation and maintenance service for the Tiramizu project and its remaining shares of 49.0% are held by a juristic person (3) Investment = companies investing in solar farms in Japan as TK investor

Disclaimer

32

The information contained in this presentation is provided by BCPG Public Company Limited (the "Company") to you solely for your information. Neither this presentation nor any parthereof may be (i) used or relied upon by any other party or for any other purpose; (ii) copied, photocopied, duplicated or otherwise reproduced in any form or by any means; or (iii)redistributed, passed on or otherwise disseminated, to any other person either in your organization or elsewhere, without the prior written consent of the Company and its respectiveaffiliates. By attending this presentation, participants agree not to remove this document, or any materials provided in connection herewith, from the conference room where suchdocuments are provided without express consent from the Company and its respective affiliates.

Although care has been taken to ensure that the information in this presentation is accurate, and that the opinions expressed are fair and reasonable, no representations orwarranties, express or implied, are made as to, and no reliance should be placed on, the accuracy, fairness or completeness of the information presented or contained in thispresentation. The information is subject to change without notice, its accuracy is not guaranteed, has not been independently verified and it may not contain all material informationconcerning the Company and its subsidiaries. None of the Company nor any of its respective affiliates nor any of its or their respective members, directors, officers, employees oraffiliates assumes any responsibility or liability for, the accuracy or completeness of, or any errors or omissions in, any information contained herein. Accordingly, none of the abovenor any other person accepts any liability (in negligence, or otherwise) for any loss arising from or in connection with any use of this presentation or its contents.

This presentation is for information purposes only and does not constitute or form part of any offer or invitation by or on behalf of the Company for sale or subscription of orsolicitation or invitation of any offer to or recommendation to buy or subscribe for any securities of the Company, nor shall it or any part of it form the basis of or be relied on inconnection with any contract, commitment or investment decision in relation there to (“Securities”) in Thailand, the United States or any other jurisdiction. This presentation shouldnot be construed as legal, tax, investment or other advice. The information contained herein does not take into consideration the investment objectives, financial situation orparticular needs of any particular investor, and should not be treated as giving investment advice.

In addition, this presentation contains certain financial information and results of operation, and may also contain certain projections, plans, strategies, and objectives of theCompany, that are not statements of historical fact which would be treated as forward looking statements that reflect the Company's current views with respect to future events andfinancial performance. These views are based on a number of estimates and current assumptions which are subject to business, economic and competitive uncertainties andcontingencies as well as various risks which are in many cases beyond the control of the Company, and which may change over time and may cause actual events and theCompany's future results to be materially different than expected or indicated by such statements. No assurance can be given that future events will occur, that projections will beachieved, or that the Company's assumptions are correct. Such forward‐looking statements are not guarantees of future performance and accordingly, the actual results, financialcondition, performance or achievements of the Company may differ materially from those anticipated by the Company in the forward looking statements. The recipient is cautionednot to place undue reliance on these forward looking statements.

In providing this presentation, the Company does not undertake to provide any recipient with access to any additional information or to update the information contained in thispresentation or to correct any inaccuracies herein which may become apparent.