application called the ECOLIFE. The project received active participation from various organizations: sponsors for logistics system, recycling/upcycling companies, brand owners with strong policy on the

Bangchak Corporation Plc. Management Discussion & Analysis of Business Operation For Quarter 1/2020 11 - Refinery & Trading 16 - Marketing 19 - Power Plant 21 - Bio-based Products 23 - Natural Resources CONTENTS Executive Summary and Management Guidelines to Mitigate the Effects of the COVID-19 Outbreak 03 Statement of Income 09 Business Performance 11 Statement of Financial Position 24 Cash of Statement 26 Financial Ratios 27 Environment Management Accounting 29 3 Management Discussion and Anal...

Capital 400 Mil.Baht Rajchapluek Engineering Company Limited Non-Destructive Testing and Inspection services Paid-up Capital 20 Mil.Baht TAKUNI holds 99.99% G Gas Logistics Company Limited Hazardous and

20 Mil.Baht TAKUNI holds 99.99% G Gas Logistics Company Limited Hazardous and Construction & Material Equipment Transportation Service Paid-up Capital 15 Mil.Baht TAKUNI holds 99.99% Takuni (Thailand

-6.3% 1.5% SSSG of Hardline segment -4.4% -0.1% SSSG of Food segment 1.1% 2.2% (1) Other income comprises revenue earned primarily from promotional, advertising income and logistics and distribution

Mil.Baht Rajchapluek Engineering Company Limited Non-Destructive Testing and Inspection services Paid-up Capital 20 Mil.Baht TAKUNI holds 99.99% G Gas Logistics Company Limited Hazardous and Construction

% 0.3% SSSG of Hardline segment -4.5% -2.6% SSSG of Food segment 1.5% 1.0% (1) Other income comprises revenue earned primarily from promotional, advertising income and logistics and distribution income

40,268.20 21 32,077.80 17 27,473.80 15 22,875.10 16 39,307.30 20 29,123.00 15 32,858.10 21 17 Paper and Printing Materials 18 Fashion 50.00 1 50.00 1 500.00 1 19 Transportation and Logistics 8,000.00 1

the EEC. Three MOUs have already been signed for development of the aviation and logistics industry including MOU for aircraft maintenance center, MOU for air cargo development, and MOU for aviation and

the overall headcount, savings in logistics costs and certain reclassification in SG&A versus COGS compared with last year, have all helped to reduce SG&A costs by 6% compared to the same quarter last