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 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...

respectively, an increase of THB 96.5 Mn or 35.9%. This increase in shareholders’ equity was attributed to the company net profit during the period of THB 81.8 Mn and increase in surplus on businesses

Q3/2019 Baht 6.21 million Revaluation surplus on land increase by Baht 479.52 million Cash Flow Statement Cash Flow Statement for the nine months period ended 30 September 2019, the company has cash

from financial institution increase by Baht 39.10 million Shareholders’ Equity Net operating profit for the year Baht 1.47 million Revaluation surplus on land increase by Baht 479.52 million Cash Flow

month period in 2019 Baht (4.64) million Actuarial loss Baht (2.05) million Revaluation surplus on land increase by Baht 479.52 million Cash Flow Statement Cash Flow Statement for the six months period

supply is surplus in 2018 with the additional of domestic price decrease from the new sugar regime that domestic price will float along with global price. As a result, the Company recorded average sugar

Of The Company Held By Subsidiaries - - - - Other Components Of Equity 12.81 -7.01 16.49 9.09  - Surplus (Deficits) 16.11 16.11 16.16 16.16 Shareholders' Equity -5,781.08 -4,974.73 -2,974.86 -2,116.54

Equity - - - -  - Surplus (Deficits) - - - - Shareholders' Equity 1,332.08 1,209.65 1,059.63 929.86 Minority Interest - - - - Accumulated: Turnover Ratio, Value Trade/Day Statistics YTD 31 Mar 2022 2021 30

Of Equity -169.53 -182.82 -187.24 -175.07  - Surplus (Deficits) - - - - Shareholders' Equity 701.11 77.24 135.51 196.21 Minority Interest 181.82 155.17 156.08 166.24 Accumulated: Turnover Ratio, Value