Bangchak Corporation Plc. Management Discussion & Analysis of Business Operation For the 2nd quarter ended June 30th, 2019 Management Discussion and Analysis of Business Operation for Q2/2019 Bangchak Corporation Plc. I 2 03 Table of Contents 06 08 22 25 27 29 Executive Statement Summary of Income Business Performance 8 - Refinery & Trading 13 - Marketing 15 - Power Plant 17 - Bio-based Products 20 - Natural Resources Financial Position Statement of Cash Flows Statement Financial Ratios Environm...

policy emphasizes on return on sales by focusing on cost and expense management. The situation that could have an effect on the Group’s SG&A expenses is being a sponsor of the domestic broadcast for the

sales could be elaborated as detailed below: However, the company policy emphasizes on return on sales by focusing on cost and expense management. The situation that could have an effect on the Group’s SG

institutions of Baht 300.0 million. 3. KEY FINANCIAL RATIOS 2Q’18 YTD 2018 31 December 2017 Gross Profit Margin 34.0% 34.7% 33.1% Net Profit Margin1 40.2% 55.2% 53.5% Return on Equity2 9.3% 15.9% 19.8% Debt

sales could be elaborated as detailed below: However, the company policy emphasizes on return on sales by focusing on cost and expense management. The situation that could have an effect on the Group’s SG

immediately transfer the land ownership to the Company, therefore the Company decides to use the borrowed fund to pay for the Land at On-nut to decrease the risk of delayed payment and the change of no-return

return to shareholder, the management has formulated business strategy and implemented group restructuring to streamline the business and enhance flexibility, which attributable to well-achieved

35.9 million, respectively. 3. KEY FINANCIAL RATIOS 30 September 2019 31 December 2018 Gross Profit Margin 38.2% 34.4% Net Profit Margin1 58.3% 57.5% Return on Equity 2 17.0% 16.9% Debt/Equity Ratio

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...

ท่ี 1 ธันวาคม พ.ศ. 2563 จนถึงวนัท่ี 31 พฤษภาคม พ.ศ. 2564 ดชันี MSCI World Net Total Return USD Index ได้ปรับตัวจาก 7,760.374 เป็น 8,920.353 สอดคล้องกับการกลบัมาดาํเนินกิจกรรมทาง เศรษฐกิจเน่ืองจากการฉีด