on the opposite slightly increased, reflecting the increase of the purchasing power in durable goods and the effect from new model launch from many brands. For the period of January to June, total

-month ended March 31, 2019 as follows: Performance Overview In Q1 2019, the Company and its subsidiaries had profit attributable to equity holders of the Company amounting to Baht 355.47 million

follows: Performance Overview The Company and its subsidiaries had profit attributable to equity holders of the Company amounting to Baht 843.16 million, decreasing from the same period of the previous year

the year ended December 31, 2019 as follows: Performance Overview The Company and its subsidiaries had profit attributable to equity holders of the Company amounting to Baht 1,777.78 million, down from

1 Translation CEN 015-2020 August 14, 2020 Subject Notification on disposal of investment in subsidiaries (Biomass Power Plants Business) of Ua Withya Public Company Limited To The Manager and

Bangchak Corporation Plc. I 2 03 Table of Contents 06 08 20 22 24 26 Executive Statement Summary of Income Business Performance 08 - Refinery & Trading 13 - Marketing 15 - Power Plant 17 - Bio-based Products

investments in power associates increased by 6.2%. However, if excluding the FX impact and one-time loss items, normalized share of profit from associates and joint ventures in power business increased by 52.5

% -3.9% Non-controlling interests of the subsidiaries 0.42 0.1% (0.40) -0.1% (0.35) 0.0% 100.0% 100.0% Net profit - Equity holders of the Company 150.40 17.7% 149.51 18.7% 145.25 18.1% -2.9% -3.4

& Trading Business Group 12 Marketing Business Group 14 Power Plant Business Group 16 Bio-Based Products Business Group 18 Natural Resources Business Group 20 Statement of Financial Position 22 Cash Flows

deferred revenue amounting to THB 2,100.6 mm to statement of comprehensive income for this period. • Share of profit from power associates and joint ventures decreased by 53.0%, mainly due to the planned