Management Discussion & Analysis of Business Operation Bangchak Corporation Public Company Limited For the 3rd quarter ended September 30th, 2018 Management Discussion and Analysis of Business Operation for 3Q/2018 Bangchak Corporation Plc. I 2 Table of Content Management Discussion & Analysis of Business Operation 03 Executive Summary 05 Statement of Income 07 Business Performance 07 Refinery & Trading Business Group 12 Marketing Business Group 13 Power Plant Business Group 16 Bio-Based Product...

amounting to 3.54 Million Baht, or 23.23% compared to the last year as; - During 2019, the Group has gain on selling of scrap and unused construction machine equipment and consumable amounting of 3.40 Million

decreasing in sales revenues of scrap production. Costs and Expenses of Sale and Administration Transaction For the Year ended 31st December (Unit: Million Baht) Year Increase (Decrease) 2019 2018 Amount

. Other income decreased by 1.42 million baht or 7.19 % from the year 2016. Main reason why the revenue from the sale of scrap was reduced because the waste in the production process was reduced by

2.94 percent of total revenues by following details - The company and its subsidiaries has revenue from selling of scrap from raw materials as amounting of 37.91 million baht - The company and its

variety into each service segment. Due to customer’s requirement which are not focusing on any particular service group 2. Other revenue The Group’s other revenue comprise of office rental, sales scrap, or

0.73 million Baht and 2.12 million Baht, which were sales of scrap materials, interest income, gain on changes in fair value of short-term investment, and gain on exchange rates, etc. The other income

baht or 0.54 percent of total revenues due to revenue from sales of scrap on raw material of 0.09 million baht, rental income from related company of 0.60 million baht, interest receive of 0.49 million

baht due to more sales volume in term of electricity - The other income in quarter 2-2019 in the amount of 1.44 million baht or 0.54 percent of total revenues due to revenue from sales of scrap on raw

12.94 million, which provided services to overseas customers same as previous year. 4. Other income The Company and its subsidiaries’ other income consist of Rental storage tanks , sales of scrap