additional investments in plant, machinery, and office renovations to improve production efficiency and reduce production cost, for the Company’s sustainable growth in the future. However, some investments

4,520 8,678 Group EBITDA (120) 874 Group Net Profit (Loss) (869) (431) HRC Sales (k tons) 251 419 HRC Production Volume (k tons) 242 606 HRC Average Selling Price (Bht/Ton) 18,029 20,713 Unit : million

sales ratio 2.2% when compared to the previous quarter and decrease of 3.0% when compared to the same period of last year by the usage reduction of consumptive material in production. Selling and

resumed own production since May 2019 after Termination of Tolling Agreement by GJ Steel Public Company Limited in February 2019. The Company reported a net profit of Baht 3,345 million compared to loss of

stated otherwise) 1Q19 4Q18 1Q18 1Q19 YoY LTM 1Q19 LTM 1Q18 LTM YoY Production Volume (kt) 2,966 2,818 2,325 28% 11,060 9,240 20% Consolidated Revenue1,2 3,030 2,788 2,414 26% 11,357 8,811 29% Core

(except where stated otherwise) 1Q19 4Q18 1Q18 1Q19 YoY LTM 1Q19 LTM 1Q18 LTM YoY Production Volume (kt) 2,966 2,818 2,325 28% 11,060 9,240 20% Consolidated Revenue1,2 3,030 2,788 2,414 26% 11,357 8,811 29

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

Premium 19.6 14.6 (5.0) (25.5%) Sales of electricity to Industrial Users (IU) 6.8 9.3 2.5 36.8% Sales from Biomass Power Plants 833.1 875.1 42.0 5.0% Revenue from finance lease under a Power Purchase

and Ft 668.2 770.9 816.7 5.9% 22.2% 1,926.6 2,314.6 20.1% FiT Premium 35.8 14.7 20.7 40.8% (42.2%) 116.9 68.6 (41.3%) Sales of electricity to Industrial Users (IU) 4.9 6.0 6.2 3.3% 26.5% 14.3 19.1 33.6

and Ft 774.5 793.1 895.9 13.0% 15.7% 2,402.5 2,540.2 5.7% FiT Premium 15.0 13.9 12.9 (7.2%) (14.0%) 53.7 41.4 (22.9%) Sales of electricity to Industrial Users (IU) 8.3 7.4 7.0 (5.4%) (15.7%) 21.9 23.7