FINANCIAL PERFORMANCE FINANCIAL POSITION PROGRESS OF PROJECTS UNDER CONSTRUCTION 3 * primarily include the construction revenue recognizes based on the percentage of completion of hydro power projects in Lao

revenue which is recognized based on the percentage of completion of our hydro power projects in Lao PDR, namely XXHP and Nam Che. ABBREVIATION & OUR PROJECTS EXECUTIVE SUMMARY FINANCIAL PERFORMANCE

PROGRESS OF PROJECTS UNDER CONSTRUCTION 3 * primarily include the construction revenue recognizes based on the percentage of completion of hydro power projects in Lao PDR which offset with the construction

capacity during Q2’18-Q2’19 from the commercial operations of 12 projects (2 SPP projects, 7 solar projects in Thailand, one hydro power project in Laos and 2 solar projects in Vietnam), 2) the acquisitions

the company still has total of 1,045 MW capacity in the pipeline with the SCOD by 2025 which would raise total capacity by 48% to 3,245 MW by 2025 (based on committed projects and their SCOD). SPP

year. Nam Che 1 Hydro Power Plant (Run of the river) with an installed capacity of 15 MW has 87.6% construction progress targeted to commence COD on December 1, 2018. ABBREVIATION & OUR PROJECTSFINANCIAL

construction revenue which is recognized based on the percentage of completion of our hydro power projects in Lao PDR, namely Nam Che. ABBREVIATION & OUR PROJECTSEXECUTIVE SUMMARY FINANCIAL PERFORMANCE FINANCIAL

) THB 188 million accretion cost from a discounting of long-term construction payables based on requirement of accounting standards. ABBREVIATION & OUR PROJECTSFINANCIAL PERFORMANCE FINANCIAL POSITION

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

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