projects ERU +250MW Rayong WTE +10MW Expansion+18MW +2,771MW COD of projects CUP 4 +45MW NL1PC +26MW CUP 3 Expansion +15MW XPCL +321MW +39.5MW Note: Base on 100% in GLOW Q3/2019 Outlook and 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

Company’s consolidated financial statement ended 31 December 2018. However, the Board of Directors has considered that the investment cost is a part of the same project that has been ratified by shareholders

15.06% 52.35 10.62% Total Liabilities and Shareholder's Equity 668.34 100.00% 753.55 100.00% 468.38 100.00% 493.11 100.00% Income Statement 2014 2015 2016 2017 6M THB mn % THB mn % THB mn % THB mn

Industry Public Company Limited (“KSL”). Therefore, to effectively seek additional sources of fund as a channel of fund raising to adequately support the expansion, enhancement and strengthening of bio-based

expansion and the inclusion of administrative expenses of the new power plants. 7 2.3) Non-operating items 6M'2016 6M'2017 change million Baht million Baht % Share of profit (loss) of associates and JV 102

Limited (the “Company”) submitted its separate financial statement and its consolidated financial statement for the third quarter of 2017 ended on 30 September 2017 which were reviewed by the auditor. The

Limited (the “Company”) submitted its separate financial statement and its consolidated financial statement for the year of 2017 ended on 31 December 2017 which were audited by the auditor. The Company

from the expenditures that prepare and increase efficiency the management of the business is a priority. 4. Financial position Statement of Financial Position – Consolidated (Million Baht) As at Increase

to WHAUP Profit and Loss Statement in 1Q2019. 8 Definition of Normalized Net Income attributable to Owners of the Parent is changed to Net Profit attributable to Owners of the Parent excluding Foreign