-1- AIT (VP-SEC) 033E/2020 November 10, 2020 Subject: Management's Discussion and Analysis of Operating Results for Q3–2020 To: The President of The Stock Exchange of Thailand Summary of Operations

-1- AIT (VP-SEC) 030E/2019 November 7, 2019 Subject: Management's Discussion and Analysis of Operating Results for Q3-2019 To: The President of The Stock Exchange of Thailand Summary of Operations Q3

footnotes to financial statement as prescribed by the accounting standard, namely information of financial statement reporting rule, summary of accounting policies which the securities company using for the

reporting rule, summary of accounting policies which the securities company using for the significant accounting items and accounting event, detail attached to significant items which demonstrated in the

accounting standard, namely information of financial statement reporting rule, summary of accounting policies which the securities company using for the significant accounting items and accounting event

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

Facility, Dayton Facility and Chocolate Bayou Facility) ** Equity Acquisitions * Asset Acquisitions 8 6.3 Summary of the Financial Information and Business Operating Results on Proforma* basis Since it is a

as follows: Management Discussion and Analysis For the 6 Months Period Ended 30 June 2019 Summary of Performance Sales Revenue For the period of six months ended 30 June 2018 and 2019, the Company

Operation for 1Q/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

Microsoft Word - MDA_1Q18_DTC_ Eng V2.9 Dusit Thani PCL Management Discussion and Analysis For 1Q18 P a g e | 1 Executive Summary The company reported net profit of THB 230 million in 1Q18 driven