Bangchak Corporation Plc. Management Discussion & Analysis of Business Operation For the 4th quarter and year ended December 31th, 2019 2 Management Discussion and Analysis of Business Operation for FY2019 Bangchak Corporation Plc. | 03 Table of Contents 06 09 29 25 27 31 Executive Important Events Summary Business Performance 11 - Refinery & Trading 16 - Marketing 19 - Power Plant 21 - Bio-based Products 23 - Natural Resources Statement of Cash Flows Statement Financial Ratios Environment Manag...

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...

Bangchak Corporation Plc. Management Discussion & Analysis of Business Operation For the quarter ended September 30th, 2019 Management Discussion and Analysis of Business Operation for Q3/2019 Bangchak Corporation Plc. I 2 03 Table of Contents 06 08 21 24 26 28 Executive Statement Summary of Income Business Performance 8 - Refinery & Trading 13 - Marketing 15 - Power Plant 17 - Bio-based Products 19 - Natural Resources Financial Position Statement of Cash Flows Statement Financial Ratios Environ...

there is any change in exercise price and exercise ratio under the circumstances as defined by the notifications of Capital Market Supervisory Board. The Company may adjust the exercise price and exercise

. Firstly, the government defined revision of B100 specification and quality on December 1, 2019, corresponding to preparing the stock of biodiesel B10 by fuel traders M.7. After that, all refineries are

- - 16.26 - - Items that may not be reclassified to profit or loss Actuarial losses on defined benefit plans (20.80) - - - - - Income tax relating to components of other comprehensive income 17.64 - - 17.64

inventory gain/loss. Net operating debt is defined as net debt (total debt less cash and current investments) less cash outflow for the various projects underway which are not yet completed and have not yet

reported Net Profit less extraordinary items less tax adjusted inventory gain/loss. Net operating debt is defined as net debt (total debt less cash and current investments) less cash outflow for the various

adjusted inventory gain/loss. Net operating debt is defined as net debt (total debt less cash and current investments) less cash outflow for the various projects underway which are not yet completed and have