Management’s Discussion and Analysis Consolidated Financial Results for the quarter 1 year 2019 For the quarter ended 31 March 2019 Consolidated Profit & Loss of NPPG (THAILAND) PCL., Unit : Million Baht Quarter

-0.07 2.51 0.97 -0.90 -108.78 Change +/(-) Unit : million baht • The revenue of Q2/2019 is increased by 26.85 million baht comparing with Q1/2019 because higher revenue from both domestic market and

Bangchak Corporation Plc. I 3 Executive Summary Summary of the Company and its subsidiaries’ operating results for the 2nd quarter ended 30th June 2019 Unit: THB Million Q2/2018 Q1/2019 Q2/2019 YoY QoQ

2nd Quarter 2019 • Total cost of goods sold decreased by 20.8% which was in line with the decrement of sales value. However, unit cost of product was slightly increased due to the increment of energy

of cost control measures and improving operational efficiency. The operating results of KT ZMICO for the second quarter of 2019 and 2018 as follows:- Unit : Million Baht 2019 2018 Net securities

the accelerating growth both in terms of value and percentage change of sales of energy drink in overseas. Revenue from sales by business Unit: THB million 31 Mar 17 31 Mar 18 Amount Percent Branded

Unit : Million Baht Q1/18 Q1/17 Change Amount % Amount % Amount % Revenues from medical services 102.12 96.09 88.86 98.12 13.26 14.92 Other revenues 4.16 3.91 1.70 1.88 2.46 144.71 Total revenues 106.28

Limited (“the Company”) would like to clarify on the performance and the financial status for Q1/2018 ended March 31, 2018 of the Company and its subsidiaries, as shown below: (Unit: Thousand Baht) Revenues

(0.47) (11.76) Net profit per share (Baht) 0.04 0.03 0.01 Unit : THB'000 2018 2017 The main businesses of the Company and its subsidiaries consisted of: (1) Revenue from sale and service was THB 1,258. 61

mortgage together with the building in the present and/or expectation of the building in the future amount 53 unit 4) Objective For working capital in the operating of company 5) Total Value and Valuation