companies. 6 Management Discussion and Analysis of Business Operation for FY2019 Bangchak Corporation Plc. | Important Events in 2019 January o Important change in accounting policy from the International

increased 0.51 $/BBL compared to the average -4.96 $/BBL in the previous quarter which was affected by incremental demand in the Middle East, after the region entered its summer season, leading to higher fuel

exchange rate of receivable under finance lease agreement, gain(loss) on forward contracts, insurance claim and gain from business acquisition. Change QoQ Consolidated financial statements Change YoY 2

network in the region contributes to the sales and transfer of completed projects. Projects under development are on track. We are excited to make a change in international education through the Verso

same time, the Company increased the number of service stations with B20 Diesel available to cover every region, which was responded positively by customers. The Company also sells B10 Diesel in tandem

approval process of the project, which delays due to change in policy on procedure and the license approval process of the licensing agency, which is the Department of Energy, Ministry of Energy, the

” means a capital market regulator in foreign jurisdiction; “foreign stock exchange” means an exchange in foreign jurisdiction; “GMS countries” means the countries in the Greater Mekong Sub-region (GMS

the share purchase agreement have been fulfilled. Currently, the status of the project is pending for the construction license approval process of the project, which delays due to change in policy on

. Currently, the status of the project is pending for the construction license approval process of the project, which delays due to change in policy on procedure and the license approval process of the

- 2020 Balance by Quarter Change Q2–20 Q1–20 Q2–19 Q2–20 VS Q1–20 Q2–20 VS Q2–19 (Million Baht: MB) (MB) % (MB) % Total Revenue 1,187.6 1,231.7 1,729.6 (44.1) (3.6) (542.0) (31.3) Total Operating Expenses