Bangchak Corporation Plc. Management Discussion & Analysis of Business Operation For the first quarter ended March 31st, 2019 Management Discussion and Analysis of Business Operation for Q1/2019 Bangchak Corporation Plc. I 2 03 Table of Contents 06 08 20 22 24 26 Executive Statement Summary of Income Business Performance 08 - Refinery & Trading 13 - Marketing 15 - Power Plant 17 - Bio-based Products 19 - Natural Resources Financial Position Statement of Cash Flows Statement Financial Ratios Envi...

Management Discussion & Analysis of Business Operation Bangchak Corporation Public Company Limited For the 3rd quarter ended September 30th, 2018 Management Discussion and Analysis of Business Operation for 3Q/2018 Bangchak Corporation Plc. I 2 Table of Content Management Discussion & Analysis of Business Operation 03 Executive Summary 05 Statement of Income 07 Business Performance 07 Refinery & Trading Business Group 12 Marketing Business Group 13 Power Plant Business Group 16 Bio-Based Product...

year to 2.40 percent due to an increase in yield on loans and, combine with a decrease in cost of deposits following an expansion of low-cost deposits in savings and current accounts. Net interest income

in its R&D research and more than 2 product sectors with up to 5 customer bases. By combine both parties’ strength and competitive factors, it shall enhance the new CCPH for more business revenue

% 43 60 38% Gross profit margin 45% 55% 54% (1%) 9% 45% 54% 9% 1H/2017Q2/2017 Change +/(-) 1H/2016Q1/2017Q2/2016 2.4 Combine Heat and Power Producing Company Limited (CHPP) : VSPP Unit: THB million 12

Combine Heat and Power Producing Company Limited (CHPP) : VSPP Operating Performance Q3/17 Q2/18 Q3/18 Changes +/(-) 9M/17 9M/18 Changes +/(-) (THB million) QoQ YoY YoY Revenue Revenue from selling chilled

, and birds, including 7 great shows of performers, which are the main products. In addition, it also provides the open zoo, the marine park, and the bird park that combine several kinds and species of

Rama 9 next to CentralPlaza Grand Rama 9. The 4,500-square meter co-working space is a joint venture between the Company and Common Ground Malaysia to create destination and combine work and living

Management Discussion & Analysis of Business Operation Bangchak Corporation Public Company Limited For the year ended December 31st, 2018 Management Discussion and Analysis of Business Operation for FY2018 Bangchak Corporation Plc. I 2 Table of Content Management Discussion & Analysis of Business Operation 03 Executive Summary 05 Important Events 08 Statement of Income 10 Business Performance 10 Refinery & Trading Business Group 15 Marketing Business Group 17 Power Plant Business Group 19 Bio-Ba...

OUE Limited, both of which are listed companies in the Singapore Stock Exchange. He is also an independent director of Mount Gibson Iron Limited, a company engaging in an ore mining business and listed