construction business, gross profit margin improved from 7.88% to 8.35%. Revenues from construction services and sales of construction materials For the first half of 2019, the Company and its subsidiaries

from the same quarter of last year (3.0% drop in term of USD) and 10.9% drop from last quarter major impact from customer demand drop in Industrial Tools, Industrial Power Solutions, Telecom Power

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

has had a positive impact on the export sector, and also by an increase in the number of tourists. As a result, the purchasing power of consumers in these areas has increased, especially in greater

SAAM Group consist of (1) revenues from provision of service and rental including the procurement of project site location and rendering of related services to clients who operate 17 solar power projects

421.2 420.5 0.2% 852.4 841.1 1.3% - Other Utilities Revenue2 52.4 2.2 2,236.6% 79.2 3.6 2,103.7% - Power Business 1.5 0.8 95.3% 2.9 0.8 278.8% Costs of Sales and Services (283.4) (279.4) 1.4% (559.4

performance of power business in 1Q2020 continued to be solid with Normalized Share of Profit of Baht 250.7 million, comparing to Baht 184.8 million of 1Q2019. Sale volume of Utilities business in Thailand is

53,444 million, increased by THB 3,137 million over the same period last year. The company’s profit from continuing operations was THB 1,658 million, increased by THB 379 million, and the profit margin for

32% EBITDA 96 135 41% 177 248 40% Net Profit (Loss) for the Company 43 73 70% 77 127 65% Gross Profit Margin (%) 64.2% 66.5% 2.3% 64.1% 66.5% 2.4% EBITDA Margin1 (%) 31.8% 35.5% 3.7% 31.1% 34.3% 3.2

, oil price started tumbling, increasing marketing margin. Power plant business recorded a higher total electricity sales both from the solar power plants in Thailand and Japan. For projects in Thailand