Management Discussion & Analysis of Business Operation Bangchak Corporation Public Company Limited For the 2nd quarter ended June 30th, 2018 Management Discussion and Analysis of Business Operation for 2Q/2018 Bangchak Corporation Plc. I 2 Table of Content Management Discussion & Analysis of Business Operation 03 Executive Summary 06 Statement of Income 08 Business Performance 08 Refinery & Trading Business Group 12 Marketing Business Group 14 Power Plant Business Group 16 Bio-Based Products Bus...

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...

-Home advertising media in Thailand of the Company and/or its subsidiaries (the “Right to Sell Advertising Media Agreement”) with an aggregate consideration of THB 3,500,000,000 (by reference to a minimum

CPN’s philosophy on sustainable business operations by taking into consideration the interests of the whole, the environment, the related parties and continuously partake in driving the well-being of

CPN’s philosophy on sustainable business operations by taking into consideration the interests of the whole, the environment, the related parties and continuously partake in driving the well-being of

impacted our EOEG facility at Clear Lake, Texas and lowered HVA and Necessity production by over 45KT during a strong margin environment. Since startup, the plant is performing well into 3Q17 with margins

-to-declining Industry margin environment, particularly in a key feedstock, PTA and in PET, which contributes to the Company’s largest production vol- ume. As is evident in the graphs, the Company has

. China’s renewed focus on the environment is resulting in the closing of polluting manufacturing facilities including those in the polyester value chain. This has resulted in the ban of import of waste PET

. China’s renewed focus on the environment is resulting in the closing of polluting manufacturing facilities including those in the polyester value chain. This has resulted in the ban of import of waste PET

received the ESG 100 certificate for two consecutive years being 100 listed companies who outperformed in terms of environment, social, and governance in the ‘Resource’ group. This shows that BGRIM commits