foreign currencies forward contact. 4 Management Discussion and Analysis of Business Operation for Q1/2020 Bangchak Corporation Plc. | The Refinery and Oil Trading Business recorded Gross Refinery Margin of

: Operating EBITDA is EBITDA excluding Inventory Gain/Loss (net NRV), one-time item and Gain/(Loss) from foreign currencies forward contract. The Refinery and Oil Trading Business is still affected by Gross

the parent was THB 528 million (-46% YoY, +147% QoQ). Earnings per share was THB 0.38, with performance from each business group as follow: Performance of refinery and oil trading business was still

Company also bring the investor’s knowledge experiences in the manufacturing and trading Palm Oil as the raw material in the food industry, pet food industry, soap, and biodiesel to support the business

oil trading business of THB 9 million), decreased by THB 1,615 million (-64%) YoY and decreased by THB 1,310 million (-59%) QoQ. (Unit: Million litres) Note: Total sales volume figures excluding the

September 2017 driven by the continuous increasing in demand from trading partners in oil sector and domestic. Primary energy consumption in 2017 has improved by 2.4% compare to previous year and in the same

Derivative Warrants | TOP13C1601A | DERIVATIVE CALL WARRANTS ON THAI OIL PUBLIC COMPANY LIMITED ISSUED BY KGI SECURITIES (THAILAND) PUBLIC COMPANY LIMITED LAST TRADING IN JANUARY 2016 # A | Stock in

Derivative Warrants | TOP11C1605A | DERIVATIVE CALL WARRANTS ON THAI OIL PUBLIC COMPANY LIMITED ISSUED BY KASIKORN SECURITIES PUBLIC COMPANY LIMITED LAST TRADING IN MAY 2016 # A | Stock in SET50

Derivative Warrants | TOP11P1605A | DERIVATIVE PUT WARRANTS ON THAI OIL PUBLIC COMPANY LIMITED ISSUED BY KASIKORN SECURITIES PUBLIC COMPANY LIMITED LAST TRADING IN MAY 2016 # A | Stock in SET50

Derivative Warrants | TOP01C1603A | DERIVATIVE CALL WARRANTS ON THAI OIL PUBLIC COMPANY LIMITED ISSUED BY BUALUANG SECURITIES PUBLIC COMPANY LIMITED LAST TRADING IN MARCH 2016 # A | Stock in SET50