Analyst MeetingQ2/2018 Financial Results

15 August 2018Ticker: BCPG (SET)

2

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contained in this presentation or to correct any inaccuracies herein which may become apparent.

Disclaimer

3

Agenda

Recent Development

Financial Highlights

Business Outlooks

4

Recent Development

Financial Highlights

Business Outlooks

Agenda

5

Better weather condition QoQ but not for YoY

Revenue increased from Gotemba project 4.0 MW (COD since 16 April 2018)Japan

Better weather condition QoQ despite heavier rainfall YoY

Acquisition of Lomligor wind farm: installed 10 MW, entitled to adder of THB 3.5 for 10 years (est. revenue of nearly THB 7 per unit)

Two solar government projects in a collaboration between WVO are the first projects in the program to start commercial operations in Thailand

Thailand

Low seasons but performed better with capacity factor resulted to share of profit (before amortization) of THB 2.4 million

The Philippines

Key Highlights

Stable operation. Share of profit (from core operation) of THB 212.0 million, which was slightly better than expectation

Completed refinancing activity for Wayang Windu plant to free up cash flow and loosen debt repayment term

Indonesia

6

Investment summary: Lomligor

Page 6

Project Lomligor

Location Nakhon Sri Thammarat

Ownership 100%

Status Under ConstructionCOD Expected 1H 2019

Capacity 8.965 MWppa

Tariff Wholesale Tariff + Adder 3.50 THB/kWh (10 Yr)(Average 6.60 THB/kWh)

Land Freehold 133 rais

Turbine Supplier Goldwind GW121/2500 (2.5 MW x 4 turbines)

EPC Contractor ITALTHAI Engineering & Consortium

ESS System 1.5 MWh, in research collaboration with NSTDA

Capacity factor 21.4% (5.1 hours)

Est. Project Cost THB 825 million

Financing Target D/E 75:25

Lomligor

7

2 Solar projects with government agencies have started commercial operation (WVO)

Tha Muang, Kanchanaburi province

Installed capacity: 3.94 MW

Investment cost: THB 162 mn

Tariff: FiT at THB 4.12 per kWh for 25 years

COD date: 23 July 2018

Praphutthabat, Saraburi province

Installed capacity: 5 MW

Investment cost: THB 205 mn

Tariff: FiT at THB 4.12 per kWh for 25 years

COD date: 20 July 2018

ThailandOperating : 182 MWDCDeveloping : 18.9 MWDCTotal: 200.9 MW

JapanOperating : 45 MWDCDeveloping: 147.3 MWDCTotal: 192 MW

PhilippinesOperating: 14 MWDeveloping: 6 MWTotal: 20 MW

IndonesiaOperating: 157.5 MWDeveloping: 24 MWTotal: 181.5 MW

8

Portfolio SummaryOperating 398.9 MW (installed) and continued growing

Operating399 MW

Developing196 MW

Status

30 MW182 MW

383 MW

Technology

Solar

Wind

Geothermal

Remark: For the Philippines and Indonesia, only equity MW is presented

125 130 13020 30 3414.4 14.4

158 158145

332.4 336.4

2016 2017 2Q18

Contracted MW

Thailand Japan The Philppines Indonesia

9

Portfolio SummaryPower Generation and income after acquisitions

Pro-forma Revenue (THB million)

45%

3%8%

45% ID85%

15%

6M 2017: THB 1,687 million 6M 2018: THB 3,192 million

Pro-forma EBITDA (THB million)

50%

3%4%

43% ID91%

9%

6M 2017: THB 1,259 million 6M 2018: THB 2,673 million

TH

PHJP

Power Generation (GWh)

75%6%3%

16%

ID86%

14%

6M 2017: 155 GWh 6M 2018: 794 GWh

TH

JPPH

TH

JP PH

TH

JP

JP

TH

TH

JP

0.60

0.15

0.61

0.16

0.15

0.15

0.09

0.16

0.0

0.1

0.2

0.3

0.4

0.5

0.6

0.7

0.8

FY16* Q117 Q217 Q317 Q417 FY17 1Q18

10

Not less than 40% of the Company’s Net Profit

Dividend Yield

(@ 19.7 THB per share)

3.2%

(after deduction of all reserves required by law and regulations)

Unit: THB per share

Dividend payout ratio (Consolidated)

62.7% 65.2% 65.2% 57.7% 55.2% 60.4%

Dividend paymentRobust dividend payout

Remark *The Company paid dividend of THB 0.09 for 2015 performance during 6M16 period. Effectively, 2016 dividend was paid at THB 0.60 per share

91.0%

11

Agenda

Key Highlights

Financial Highlights

Going Forward

12

Key business driversSolar power plants - seasonally peak in second quarter

Irradiation (hours per day)

5.68

5.17

4.66 4.95

5.61

2Q17 3Q17 4Q17 1Q18 2Q18

-1.2% YoY

4.94 4.38

2.46 3.19

4.61

2Q17 3Q17 4Q17 1Q18 2Q18

+13.3% QoQ +44.6% QoQ

Sellable Output (kWh)

68,073 65,384 65,716 66,035 66,695

2Q17 3Q17 4Q17 1Q18 2Q18

+1.0% QoQ

14,409 12,776 8,405 9,155 14,887

2Q17 3Q17 4Q17 1Q18 2Q18

+3.3% YoY

+62.6% QoQ

-6.6% YoY

-2.0% YoY

13

Revenue2Q18 revenue rose QoQ mainly thanks to seasonality

80.8% 82.4% 89.9% 89.1% 81.4%

19.2% 17.6% 10.1% 10.9% 18.6%

890 854 781 802 874

2Q17 3Q17 4Q17 1Q18 2Q18Thailand Japan

Unit: THB million+3.2% YoY

Revenue: Revenue declined YoY mainly due to lower output (in TH) and weakening JPY resulted to lower revenue in THB terms (in JP) On QoQ basis, revenue rose significantly by 9.1% thanks to seasonality

10.56 10.76 10.69

10.81 10.68

2Q17 3Q17 4Q17 1Q18 2Q18

38.60 38.60 38.60 38.56 37.82

2Q17 3Q17 4Q17 1Q18 2Q18

-1.2% YoY

-0.1% QoQ

Effective tariff*

Unit: THB per kWh Unit: JPY per kWh

Remark: *Effective tariff includes FiT to Agricultural Cooperatives Solar (Thailand) of THB 5.66 per unit and Gotemba project (Japan)

+9.1% QoQ

+1.1% YoY

-1.7% YoY

-1.2% QoQ

14

637 609 529 592 670

2Q17 3Q17 4Q17 1Q18 2Q18

Unit: THB million

+13.1% QoQ

EBITDAEBITDA growth bolstered by lower administrative expense

76.7%71.5% 71.3% 67.8% 73.9%

Remark: EBITDA from operation, excluding other revenue

EBITDA2Q18 EBITDA increased by 5.2% YoY mainly dueto lower SG&A expenses2Q18 EBITDA grew by 13.1% QoQ mainlyhelped by improving revenue and lower SG&Aexpenses2Q18 SG&A to sales was at 15.4%, decline from20.7% in 2Q17 mainly due to an absence inacquisition related cost (the Company acquiredwind power plant in 2Q17) and ESOP relatedexpenses (the program started in 2Q17)

+5.2% YoY

15

Share of profit from associates

Unit: THB million

43

359 347

69 19

2Q17* 3Q17** 4Q17*** 1Q18 2Q18****

-72.3% QoQ

2Q18 Wind power plant Geothermal power plant Total

Share of profit (operation) 2.4 213.0 215.4

Refinancing – Wayang Windu -122.5 -122.5

Amortization -8.3 -96.4 -104.7

Adjust Amortization for Q1 30.8 30.8

Total -5.9 24.9 19.0

Share of profit from investments: In 2Q18, total share of profit from investments were at THB 19 million dropped YoY and QoQ; however:

▪ Geothermal power plant operation was robust besides share of profit contribution was hit by one-time item

▪ Operation from wind power business was resilient thanks to a quarterly record high performance during 2Q18

Remark: *Including wind operation prior to acquisition of THB 53.1 million, **including geothermal operation prior to acquisition of THB 238.2 million, ***including gain on purchases of wind and geothermal of THB 366.3 million ****including one-time accounting item resulted from financing activity of approx. THB 122 million

-55.8% YoY

Nabas

36 MW + 14 MW

16

PHILIPPINES

Share of profit from associatesWind power plant in the Philippines

• Capacity factor in 2Q18 was at record high, compared to the past 3 years• Due to better capacity, 2Q18 output soared by 57.2%• Share of profit from operation was at THB 2.4 million. However, net

contribution (after amortization) was at loss of THB 5.9 million

-9.9-4.5

15.522.2

2.4

2Q18 3Q17 4Q17 1Q18 2Q18

Share of profit from operation before amortization

Unit: THB million

17

Share of profit from associatesGeothermal power plant in Indonesia

INDONESIA

Darajat 47 MW(271 MW)

Salak 65 MW (377 MW)

Wayang Windu 45 MW + 24 MW(227 MW + 120 MW)

Java

• Robust operation at geothermal power plant • Full-quarter recognition of share of profit from investment versus none in 2Q17• Contribution affected by one-time expenses of full amortization of deferred issuance cost related to refinancing

activity. Excluding this item, operating performance has been very stable• Share of profit from operation (after one-time expense) was at THB 90.5 million. However, net contribution (after

amortization) was at THB 24.9 million• Constant capacity factor of approx. 90% during the period

125.5

207.1181

213

3Q17* 4Q17 1Q18 2Q18**

Share of profit from operation before amortization

Remark *Acquired since 26 July 2017 **Excl. one-time accounting related expense of THB 122.5 mn

Unit: THB million

18

Share of profit from associates breakdown

• Final FV has been reflected in 2Q2018 Financial Statement (completed within a year after acquisition date).

• The changes in the FV determined by third party has reflected lower amortization expenses of approx. THB 170 million per annum whilst gain on purchase of approx. THB 242 million will be restated in Financial Statement of FY2017

Unit: THB million 2017 Q1/18 Q2/18Wind power plant in the Philippines

Gain on purchase 361.8

Share of profit from operation 1.1 22.2 2.40Amortisation -21.6 -8.1 -8.30

Total 341.30 14.10 -5.90

2560 Q1/61 Q2/61Geothermal power plant in Indonesia

Gain on purchase 295.8

Share of profit from operation 332.6 181.0 90.50Amortisation -220.2 -126.1 -96.35Adjustment -242.0 30.8

Total 166.2 54.9 25.0

Total share of profit from investment in associates 507.5 69.0 19.1

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Power generationGeothermal is the largest GWh contribution to our portfolio

-

50

100

150

200

250

300

350

Q3 2017 Q4 2017 Q1 2018 Q2 2018

Power generation ( GWh )

Solar Thai Solar Japan Wind PH Geothermal ID

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Q3 2017 Q4 2017 Q1 2018 Q2 2018

Capacity Factor (%)

Solar TH Solar JP Wind PH Geothermal ID

(GWh) *

Remark *Capacity factor = Yield/number of days/24; Yield = kWh/kWp

20

Finance costGood mix of debt helped lower effective interest cost

84131 135 123 129

2Q17 3Q17 4Q17 1Q18 2Q18

+54.5% YoY

Unit: THB million

Finance cost: A rise in finance cost YoY was mainly due to debt secured for investments in associatesEffective cost of debt in 2Q18 was 2.94% vs. 3.21% in 2017. The lower cost of debt was helped by good mix of foreign-denominated debts as well as prudent financial management

Interest-bearing debt breakdown by maturity Interest-bearing debt breakdown by currency

8.3% 7.2%32.4% 30.3%

59.3% 55.4%

2017 2Q18< 1 year Due in 1-5 years Due > 5 years

43.7% 45.3%

53.1% 49.8%

3.2% 4.9%

2017 2Q18THB JPY USD

+5.5% QoQ

21

Net profitGrowing QoQ

462 514 586351 419

2Q17 3Q17 4Q17 1Q18 2Q18

Net profit: 2Q18 Net profit decreased YoY mainly due to 1) an absence in one-time revenue (booked in 2Q17 from reversal of provision from contingent consideration from business acquisition 2) an absence of one-time gain on purchase in wind power business 3) increased finance cost 2Q18 Net profit increased significantly QoQparticularly owing to 1) rising revenue from electricity sales 2) a record of insurance claim from Japan 3) decreased administrative expense and 4) lower amortization from investment in geothermal power plants

52.0% 60.1% 75.1% 47.9% Net profitmargin

-9.4% YoY

Unit: THB million

+19.3% QoQ

43.8%

462.5

383.7

507.3

419.0

114.2 0.1

139.9

53.1

122.5

101.0

66.7

0

100

200

300

400

500

600

700

Net profit FX Sale of Asset Settlement -SunED

PPA - WindPH

Core profit Core profit Refinancing InsuranceClaim

FX Net profit

MTHB

2Q 2018

22

Second quarter net profit comparison

2Q 2017

-9.4%

+32.2%

916.5

779.2

871.3

770.1

117.3

61.5

139.953.1

122.5

101.0

79.6

0

200

400

600

800

1000

1200

Net profit FX Sale of Asset Settlement -SunED

PPA - WindPH

Core profit Core profit Refinancing InsuranceClaim

FX Net profit

MTHB

6M 2018

23

First half net profit comparison

6M 2017

-16.0%

+11.8%

24

Core profitShare of profit from Indonesia and lower admin. cost helped uplift core profit

384

680

169364

507

2Q17 3Q17 4Q17 1Q18 2Q18

43.1% 79.6% 21.6% 45.4%Core profitMargin*

Core profit: Stripping out FX gain/loss and one-time items, 2Q18 core profit grew by 32.1% YoY largely due to share profit recognition from Indonesia and lower administrative expenses On QoQ basis, core profit rose significantly by 39.2% mainly due to improving operation, lower administrative expenses and lower amortization expenses from investment in Indonesia

+39.2% QoQ

Remark: *Core profit excludes FX gain/loss and one-time items.

in 2Q17 were FX loss of THB 64.90 million, loss on assets disposal of THB 0.06 million, loss from forward contract of THB 49.27 million, reversal of provision from

contingent consideration from business acquisition of THB 139.94 million and gain on purchase of THB 53.1 million

in 3Q17 were FX gain of THB 89.27 million, loss on assets disposal of THB 0.53 million and loss from forward contract THB 254.92 million,

in 4Q17 were FX gain of THB 51.17 million, assets write off of THB 18.27 million and gain on purchase of THB 366.3 million,

in 1Q18 were FX loss of THB 12.83 million

In 2Q18 were FX loss of THB 66.73 million, gain from insurance claim of THB 100.97 million and one-time expense related to refinancing activity at geothermal power plant of THB 122 million

Unit: THB million

58.0%

+32.1% YoY

25

Financial positionIncreasing debts tied to investment

As at 2Q18, total assets slightly increased by 4.0% to THB 33,388 million mainly due to increasing long-term borrowing to fund investments Total Liability/Equity and Net IBD/Equity declined to 1.33x and 1.12x as at 2Q18

Covenant : D/E ratio ≤ 3x: DSCR ≥ 1.15x

Marginal liability : THB 24,807 millionOutstanding Debt : THB 18,206 million

Financial Position

1.23

1.33

2017 2Q18

Liability/Equity (x)

2,675 3,001

13,890 14,762

13,288 13,416

2,004 2,209

14,127 14,338

702 843

17,028 18,206

A L + E A L + E

Other Assets PPE Investment in JVCash and Cash Equivalent Equity Other LiabilitiesLong-Term Loan

Unit: THB million

2017 2Q18

26

Agenda

Recent Development

Financial Highlights

Business Outlooks

Q3: COD of solar power plant project with WVO (8.94 MWppa)

August: Peer-to-Peer trading platform @ T77 Community

implementation

M&A: Realising M&A pipelines. Few discussions are in

advanced stages

What’s next in 2018?Growing organically and inorganically

T77 : Peer-to-Peer Energy Trading Project using Blockchain Technology – 580 kW- Habito Mall- Bangkok Prep International school- Park Court Condominium- Dental Hospital

Infrastructure Fund

Entered into assets disposition of solar power plants in Japan e.g. Nikaho and Nagi

project into Infrastructure Fund in Japan, totaling capacity of 27.6 MW

Target to utilize future cash flow to fund new investments

Net transaction value should be ≥ JPY 11,000 million or THB 3,185 million

30

“BCPG strives to deliver high value while creating wealth for shareholders and sustainable future for all.”

Appendices

Financial Statement

Projects detail

33

Financial Statement

2Q18 % to sales 2Q17 % to sales 1Q18 % to sales 2Q18 YoY 2Q18 QoQRevenues from sales and services 873,833 100% 889,590 100% 801,499 100% -1.8% 9.0%Cost of sales and services (247,461) -28.3% (247,547) -27.8% (239,555) -29.9% 0.0% 3.3%Gross Profit 626,372 71.7% 642,042 72.2% 561,944 70.1% -2.4% 11.5%Administrative expense (134,409) -15.4% (184,574) -20.7% (146,064) -18.2% -27.2% -8.0%Operating profit 491,963 56.3% 457,469 51.4% 415,880 51.9% 7.5% 18.3%FX gain (loss) (66,732) -7.6% (114,171) -12.8% (12,834) -1.6% -41.6% 420.0%Other income 102,513 11.7% 158,002 17.8% 2,244 0.3% -35.1% 4468.9%EBIT 527,745 60.4% 501,299 56.4% 405,290 50.6% 5.3% 30.2%Financial cost (129,474) -14.8% (83,820) -9.4% (122,766) -15.3% 54.5% 5.5%Share of profit from associates & subsidiaries 19,050 2.2% 43,155 4.9% 68,976 8.6% NA -72.4%EBT 417,321 47.8% 460,634 51.8% 351,499 43.9% -9.4% 18.7%Corporate Income Tax 1,664 0.2% 1,835 0.2% (347) 0.0% -9.3% -580.2%Net profit 418,985 47.9% 462,468 52.0% 351,153 43.8% -9.4% 19.3%

Consolidated Profit and Loss StatementUnit: Thousand THB(otherwise stated)

Financial Statement

34

1H18 % to sales 1H17 % to sales 1H18 YoYRevenues from sales and services 1,675,332 100% 1,687,572 100% -0.7%Cost of sales and services (487,015) -29.1% (468,864) -27.8% 3.9%Gross Profit 1,188,317 70.9% 1,218,708 72.2% -2.5%Administrative expense (280,473) -16.7% (302,972) -18.0% -7.4%Operating profit 907,844 54.2% 915,736 54.3% -0.9%FX gain (loss) (79,566) -4.7% (117,265) -6.9% -32.1%Other income 104,757 6.3% 241,709 14.3% -56.7%EBIT 933,035 55.7% 1,040,179 61.6% -10.3%Financial cost (252,240) -15.1% (170,084) -10.1% 48.3%Share of profit from associates & subsidiaries 88,026 5.3% 43,155 2.6% NAEBT 768,821 45.9% 913,250 54.1% -15.8%Corporate Income Tax 1,316 0.1% 3,207 0.2% -59.0%Net profit 770,138 46.0% 916,458 54.3% -16.0%

Consolidated Profit and Loss StatementUnit: Thousand THB(otherwise stated)

35

Financial Statement

Unit: Thousand THB 1H18% of total

assets2017

% of total assets

1H18 YoY

Cash and cash equivalents 2,208,833 6.6% 2,003,984 6% 10.2%Current investments 0 0.0% 0 0.0% 0.0%Trade accounts receivable 553,183 1.7% 507,243 1.6% 9.1%Other current assets 305,402 0.9% 185,692 0.6% 64.5%Total current assets 3,067,417 9.2% 2,696,918 8.4% 13.7%Investments in associate & subsidiaries 13,415,882 40.2% 13,529,717 42.1% NAProperty, plant and equipment 14,762,306 44.2% 13,890,324 43.3% 6.3%Goodwill and Intangible assets 1,942,140 5.8% 1,892,267 5.9% 2.6%Other non-current assets 199,803 0.6% 90,002 0.3% 122.0%Total non-current assets 30,320,131 90.8% 29,402,310 91.6% 3.1%Total Assets 33,387,548 100.0% 32,099,228 100.0% 4.0%Short-term borrowings & current portions 1,437,821 4.3% 1,415,239 4.4% 1.6%Long-term borrowings 16,768,488 50.2% 15,613,152 48.6% 7.4%Other current liabilities 843,485 2.5% 701,903 2.2% 20.2%Total liabilities 19,049,794 57.1% 17,730,295 55.2% 7.4%Equity attributable to owners of the Company 14,337,607 42.9% 14,368,786 44.8% -0.2%Non-controlling interests 147 0.0% 147 0.0% 0.0%Total liabilit ies and Equity 33,387,548 100.0% 32,099,228 100.0% 4.0%

Consolidated Statement of Financial Position

36

Financial Statement

Unit: thousand THB 1H18 1H17 1H18 YoYNet cash from (used in) operating activities 1,284,119 1,289,066 (4,947)

Net cash from (used in) investing activities (1,092,126) (714,464) (377,662)

Net cash from (repaid to) financing activities (80,683) (1,520,690) 1,440,007

Net increase in cash and cash equivalents 111,309 (946,088) 1,057,397

Cash and cash equivalents at 1 January 2,003,984 7,361,160 (5,357,176)

Effect of exchange rate changes on balances held in foreign currencies

93,541 (753) 94,294

Cash and cash equivalents at end period 2,208,834 6,414,319 (4,205,485)

Consolidated Statement of Cash Flows

37

Purchase Price THB 11,956 Million

For each acquisition, company is required to engage third party to perform a Purchase Price Allocation analysis to determine “Fair Value” of the acquired company. For Geothermal power plant, FV assessment has been completed in 2Q18.

Goodwill

Fair Value (Scenario 1)THB 12,252 Million

Target’sNet Asset

PPE Write-up

IntangibleAsset

Target’sNet Asset

PPE Write-up

IntangibleAsset

Management est. : Fair Value > Purchase Price Final PPA assessed by third party : Fair Value < Purchase Price

Difference is booked asGain on Purchase in 2017

Amortizationover life

THB 550 Million/year

Fair Value (Scenario 2)THB 7,583 Million

Difference is booked as Goodwilland is subjected to Impairment Test on annual basis

Amortizationover lifeTHB 380 Million/year

Illustrative Only - Not to scale

1 2

Accounting Impact

Appendices

Financial Statement

Projects detail

39

No. ProjectLocation

Operating Entity% of

ShareholdingContracted

Capacity (MW)Tariff Power

StructureOff Taker COD

District Province1 BCPG 1

Bang Pa-in Ayutthaya BCPG N.A.8

Adder THB 8/kWh

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

2 BSE-BNN Bumnetnarong Chaiyaphum BSE 99.9 16

PEA

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

9 Wiset Chai Chan Agricultural Cooperative Wiset Chai Chan Angthong BSE-PRI 100% 5.0

FiT: THB 5.66/unit PEA(25 years)

23/12/16

10 Bang Pa-in Agricultural Cooperative Bang Pa-in Ayutthaya BSE-PRI 100% 5.0

14/03/17

11 Phra Nakhon Si Ayutthaya Agricultural Cooperative

Phra Nakhon Si Ayutthaya Ayutthaya BSE - PRI 100% 2.0 23/12/16

12JV: the WVO of Thailand under Royal Patronage of His majesty the King

Phra Phutthabat Saraburi BCPG NA 5

FiT: THB 4.12/unit PEA(25 years)

20/7/18

13JV: the WVO of Thailand under Royal Patronage of His majesty the King

Tha Muang Kanchanaburi BCPG NA 3.94 23/7/18

14 Lomligor Pak Panang Nakhon Sri Thammarat LLG 100% 8.965 Adder THB

3.5/kWh PEA 1H 2019

182 Installed MW (130 MWPPA) of operating assets portfolio in Thailand

Project pipeline in Thailand

40

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 Nikaho 100.0 Akita, Japan 1,136 13.2 8.8 40 20 Tohoku Electric Power Company COD 15/07/166 Nagi 100.0 Okayama, Japan 1,329 14.4 10.5 36 20 Chugoku Electric Power Company COD 02/03/177 Gotemba 100.0 Shizuoka, Japan 1,291 4.4 4.0 32 20 Tokyo Electric Power Company COD 16/04/18

Developing

8 Komagane 100.0 Nagano, Japan 1,472 32.2 25.0 36 20 Chubu Electric Power Company Under construction

9 Yabuki 100.0 Fukushima, Japan 1,294 27.9 20.0 36 20 Tohoku Electric Power Company Expect to COD within 1H19

10 Chiba 1 100.0 Chiba, Japan 1,362 24.0 20.0 36 20 Tokyo Electric Power Company Expect to COD within 2H19

11 Chiba 2 100.0 Chiba, Japan 1,362 12.0 10.0 32 20 Tokyo Electric Power Company Expect to COD within 2H19

Under development12 Nagota 100.0 Kagoshima, Japan 1,448 30.0 24.0 36 20

Wait for Grid13 Isakida 100.0 Kagoshima, Japan 1,463 4.4 3.5 36 20

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

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

Operating (33.4 MWPPA) and future projects portfolio in Japan

Project pipeline in Japan

Contact us at:BCPG Public Company LimitedInvestor Relations teamE-mail: ir@bcpggroup.comCall: +66 2 335 8945Website: www.bcpggroup.com