increased emphasis on leadership development are the key strategic priorities for the group. 4Q19 IVL Performance Summary IVL reported 2.9 MT of production volume in 4Q19 (-8ppt. organic and +10ppt. inorganic

13.0% in Q4 2022 to 11.5% in Q4 2023 due to lower production volume of automotive parts manufacturing business. However, Gross profit margin was within our target Gross profit margin of 10-12% Selling

Bangchak Corporation Plc. Table of Contents 5 10 0 10 Refinery Business 14 Marketing Business 16 Green Power Business 18 Bio-Based Products Business 21 Exploration & Production Business 26 31 30 Statement

dispose Land and Buildings, by the total highest transaction value of 40.27 percent based on the value of consideration criteria. It is considered as a Class 2 transaction under the Notification on

% of the Company and its subsidiary’s total assets. As of 31st March 2015, the Company and its subsidiary’s total assets was THB 3,455.35 million1. This is classified as asset acquisition, Class 4 or

2019 to acquire a 100% stake of Sinterama S.p.A. and its subsidiaries (“Sinterama”). The acquisition of Sinterama comprises of 5 production sites in 4 countries: Italy, Brazil, China and Bulgaria, with a

45.04 percent based on the net tangible asset basis is considered as Class 2 transaction in accordance with the Notification on Acquisition or Disposal of Assets. As a result, the Company is required to

noteworthy that our revenue growth outperformed the industry growth in terms of production volume which declined 6.0% due to the following reasons: 1) Automotive Parts Business; Higher order, new product

lower production volume of automotive parts manufacturing business, mainly from Thailand operation. Selling and administrative expenses increased by 4.4% from Baht 440.4 million in Q1 2023 to Baht 459.9

profit margin decreased from 10.8% in Q2 2023 to 8.6% in Q2 2024 due to lower production volume in automotive parts manufacturing business in Thailand. Portugal operation also recorded a lower gross profit