follows. Financial performance Statement of income Consolidated Financial Statements for Quarter 3 of 2020 Quarter 3 of 2019 Change (Unaudited but reviewed) (Unaudited but reviewed) Increase (Decrease) THB

producing and selling big bags which VAVA has skill, investment and high proportion of income. Most of the customers of VAVA are large industry that uses big bags to 12 transport goods, meanwhile, the

FY2018 Bangchak Corporation Plc. I 2 Table of Content Management Discussion & Analysis of Business Operation 03 Executive Summary 05 Important Events 08 Statement of Income 10 Business Performance 10

of asset : • The Purchaser and the Seller agree to pay half the registration fees related to the transfer of land ownership. • The Seller agrees to be solely responsible for corporate income tax

 debt provisio Depreciation  perating profit  et foreign exchang her income (expe nance cost  come tax  on‐controlling inte et profit for the p ITDA (Bt mn)  perating Profit  epreciation & amo ain) loss

earnings from the 3-month operating performance. Return on equity for 2Q 2017/18 was 34.7%. LIQUIDITY AND CASH FLOW (THB mn) *After tax and net tax refund (THB 130mn) and interest expense (THB 44mn

loan and the impact of the THB appreciation to foreign currency translation of financial statements despite higher interest rates. Earnings before interest, tax, depreciation and amortization (EBITDA

1,686.26 1,476.04 210.22 14.2 Finance costs 1,502.50 1,402.44 100.06 7.1 Income tax expense 870.89 863.24 7.65 0.9 Total expenses 9,562.76 8,565.17 997.59 11.6 5,531.31 5,914.89 (383.58) (6.5) Non

subsidiaries offsetting while the Company recognized THB 123 million revenue from new business. Earnings before Interest, Tax, Depreciation and Amortization (“EBITDA”) reported THB 222 million decrease 52.3

(Previous: January to December), following to the approval of shareholders’ meeting held on 24 April 2019. Therefore, the statement of comprehensive income will demonstrate the performance of 12-month ended