PowerPoint Presentation THE INNOVATIVE POWER FLAGSHIP OF PTT GROUP MANAGEMENT DISCUSSION & ANALYSIS Q4/2019& FY 2019 MD&A PAGE 1 MANAGEMENT DISCUSSION & ANALYSIS (MD&A) Q4 2019 and FY2019 Global

2017 Bangchak Corporation Plc. Table of Contents 7 9 09 8 Refinery Business 13 Marketing Business 14 Green Power Business 16 Bio-Based Products Business 18 Exploration & Production Business 22 26 24

as the rise of e-commerce and growing global supply chains, both of which limited the pricing power of domestic firms. As a result, Thailand’s nominal GDP increased by 6.3 percent, leveling at Baht

). Cash flows statement The items in the cash flow statement of the company shall be use the prescribed definition, as follow: Cash flow from operating activities means money arising from the main

from operating activities means money arising from the main activities which cause the incomes of business or other activities as non- investment activities or financing activities, namely cash receipts

company shall be use the prescribed definition, as follow: Cash flow from operating activities means money arising from the main activities which cause the incomes of business or other activities as non

& 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

& Trading Business Group 12 Marketing Business Group 13 Power Plant Business Group 16 Bio-Based Products Business Group 18 Natural Resources Business Group 20 Statement of Financial Position 22 Cash Flows

-2338-3000 Fax: 0-2338-3334 www.nationgroup.com 25 May 2020 Subject : Notification on Resolution of the Board of Directors’ Meeting No. 6/2020, Change of Directors and Directors’ Power, Entering into

of 21.1% YoY). Main components of revenue are as follows. Revenue from rent and services The Company reclassified certain items between revenue from rent and services and other income to accurately