order to maintain the unit’s efficiency coinciding with the Company’s crude run plan, while other units in the refinery were still operating as normal. 8 Management Discussion and Analysis of Business

, due to the Hydrocracking Unit’s 30 days maintenance during the middle of July to middle of August, in order to replace its catalyst, as to uphold its efficiency to coincide with the company’s refining

part of the 3E project (Efficiency, Energy, and Environmental Project), lowering the cost of producing electricity and steam 9 | Management Discussion and Analysis of Business Operation for the year 2017

to analyze solar power generation capacity in advance to increase accuracy and efficiency in power production. The project is planned to further serve as a learning center of the north eastern region

Bangchak Corporation Plc. Management Discussion & Analysis of Business Operation For Quarter 2/2020 09 - Refinery & Trading 14 - Marketing 16 - Power Plant 18 - Bio-based Products 20 - Natural Resources CONTENTS Executive Summary 03 Statement of Income 07 Business Performance 09 Statement of Financial Position 21 Statement of Cash Flows 23 Financial Ratios 24 Environment Management Accounting 26 3 Management Discussion and Analysis of Business Operation for Q2/2020 Bangchak Corporation Plc. | Ex...

Bangchak Corporation Plc. Management Discussion & Analysis of Business Operation For Quarter 1/2020 11 - Refinery & Trading 16 - Marketing 19 - Power Plant 21 - Bio-based Products 23 - Natural Resources CONTENTS Executive Summary and Management Guidelines to Mitigate the Effects of the COVID-19 Outbreak 03 Statement of Income 09 Business Performance 11 Statement of Financial Position 24 Cash of Statement 26 Financial Ratios 27 Environment Management Accounting 29 3 Management Discussion and Anal...

criteria, which aims to raise effectiveness in resource consumption within the organization as well as reducing negative impact on environment. Executive Summary PAGE 6 MANAGEMENT DISCUSSION & ANALYSIS (MD&A

securities, as well as the suitability for investment and the relevant risk exposure. The effectiveness of the Registration Statement neither represents that the Securities and Exchange Commission, the Capital

effectiveness solution to collect the overdue trade receivables amounting to THB 920 million in the future for used as working capital and repayment debts, such as a totaling amount THB 397 million of debentures

same-store basis, utility cost decreased 5% YoY, driven mainly by low Ft tariff throughout 2016 and continued to April 2017, coupled with the effectiveness of the continuing energy conservation measures