factors have not yet been fully reflected in household purchasing power due to high levels of household debt. Consequently, the increase in household income is being partly used to repay debt, and so will

the same period last year, respectively. Meanwhile, private consumption increased gradually, as a recovery in purchasing power remained tepid. Private investment has shown signs of improvement

revenue from the core business in 2Q2020 was Bt666.61mn, decreasing 17.1% YoY, mainly from a decrease of the middle-to-low income population’s purchasing power due to drought and Covid-19 pandemic, as well

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

deferred revenue amounting to THB 2,100.6 mm to statement of comprehensive income for this period. • Share of profit from power associates and joint ventures decreased by 53.0%, mainly due to the planned

for the replacement. However, other income of DCORP has increased by Baht 3.54 million compared to the same period in last year. The progress of receiving debt repayment from Media Agency Thai Co., Ltd

in the process of court trial and process of legal execution are as follows; 1. Cases in the process of court trial: 1 . 1 Media Agency Thai Co., Ltd. is in debt to the Company according to the

Financial Policy Ratios Debt to Equity times 0.40 0.42 0.42 Interest coverage times 3,095.00 545.41 222.73 Dividend payout (%) 76.07%* 55.96% 55.68% * Pending approval from the 2020 annual general meeting of

higher average ethanol selling price, despite lower ethanol sales volume.  Revenue from electricity business decreased 16.6% due to power plants’ major shutdown maintenance during the third quarter and

decreased 47.04 million baht or 3.27% comparing to the same period last year, aligned with the total motorcycle production and the decrease in purchasing power of the farmers. 2. Cost of Sales and Services