20 - Natural Resources Financial Position Statement of Cash Flows Statement Financial Ratios Environment Management Accounting Management Discussion and Analysis of Business Operation for Q2/2019

Products 23 - Natural Resources Statement of Cash Flows Statement Financial Ratios Environment Management Accounting Statement of income 11 Financial Position 32 Management’s Perspective towards 2020

Industrial Users (IU) 1.1 1.4 1.2 (14.3%) 9.1% 4.0 3.7 (7.5%) Sales of steam (IU) 1.8 2.9 1.1 (62.1%) (38.9%) 11.1 6.5 (41.4%) Sales from Natural Gas Power Plant 462.0 466.9 507.7 8.7% 9.9% 1,429.3 1,396.9

1.9 0.8 72.7% 13.3 8.4 (4.9) (36.8%) Sales from Natural Gas Power Plant 422.3 466.9 507.7 568.3 60.6 11.9% 1,814.5 1,965.2 150.7 8.3% Sales of electricity - FiT, base tariff and Ft 70.1 72.2 59.5 74.1

objectives of securities regulations identified by IOSCO: the protection of investors; ensuring that markets are fair, efficient and transparent; and the reduction of systemic risk.3 Quality and integrity of

government has announced various measurements ,which attributed to increasing of methyl ester and crude palm oil demand in Thailand. For natural fatty alcohols market, in 2Q/2019, it was better than 2Q/2018

tariff - is indexed to the price of natural gas for which slightly decreased from 240.00 Baht/mmBtu in 2016 to 239.89 235.26 Baht/mmBtu in 2017. Electricity sales to Industrial Users (IUs) – Thailand

June 30, 2017 because the energy payment component of the EGAT electricity tariff is indexed to the price of natural gas for which there was a 6.6% decrease in average effective price for our gas-fired

supply. Consequently, this resulted in much healthier demand for Natural Fatty Alcohols than quarter 3/2016 as its price decreased to a lower level than that of Synthetic Fatty Alcohols as well as the

Million Baht increase over the same period of the previous year 7.28 million baht or 4.18% percent mainly resulted from types of raw natural rubber Synthetic rubber and chemicals increased proportionally