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...

and cash equivalents increased in the amount of Baht 2,407.79 million. The details are described in no.4. 3.1.2 Assets of RATCH-Australia Corporation Pty Limited, a subsidiary located in Australia

and cash equivalents was THB 1,240.09 million, increased by THB 503.83 million from 2017. Liquidity Ratio In 2018, the liquidity of the Company and its subsidiaries was considerably appropriate for its

100,229.43 101,251.90 (1,022.47) (1.0) 3.1.1 Cash and cash equivalents decreased in the amount of THB 6,778.09 million (the details are described in no.4). However, current investments increased in the amount

the Year 2019 Page 8 of 14 As at December 31, 2019, the Company and its subsidiaries’ cash position in cash and cash equivalents was THB 1,087.26 million, decreased by THB 152.83 million from 2018

% from 31 December 2018. • Current assets increased by Baht 2,671 million mainly increased of cash and cash equivalents from cash received from sales of property, plant and equipment from the restructuring

increase in PP&E of THB 419.96 million and an increase in cash and cash equivalents of THB 381.68 million. Liabilities As at September 30, 2017, total liabilities of the Company and its subsidiaries was THB

) (1,612.81) (1,350.14) Net Cash Used in Financing Activities (54.66) (757.33) (680.20) Net Increase (Decrease) in Cash and Cash Equivalents 322.76 (281.62) 425.39 Cash and Cash Equivalents at the Beginning

3,166.0 million baht from: Unit: million baht As at March 31, 2018 As at December 31, 2017 Variance Current assets Cash & cash equivalents and current investments 11,104.0 9,995.9 1,108.1 Trade and other

million baht from: Unit: million baht As at March 31, 2018 As at December 31, 2017 Variance Current assets Cash & cash equivalents and current investments 11,104.0 9,995.9 1,108.1 Trade and other