2017 Bangchak Corporation Plc. Table of Contents 7 9 09 8 Refinery Business 13 Marketing Business 14 Green Power Business 16 Bio-Based Products Business 18 Exploration & Production Business 22 26 24

29.5% SPP 171.3 58.0 195.2% 326.7 35.9 810.1% Alternative Energy 1.7 2.2 (23.5%) 2.8 3.5 (21.7%) Power Plants under Constuction and Development (1.7) 22.7 (107.6%) (6.5) 54.4 (111.9%) Normalized Share of

through three new business development initiatives as follows: 1) Battery Business: investment in a pilot plant of a battery manufacturing facility using Semi Solid Lithium-ion technology. Capacity of the

DEVELOPMENT PUBLIC COMPANY LIMITED ANI: Asia Network International Public Company Limited AOT: AIRPORTS OF THAILAND PUBLIC COMPANY LIMITED AP: AP (THAILAND) PUBLIC COMPANY LIMITED APCO: ASIAN PHYTOCEUTICALS

-1 - Translation - Ref. LPN/SorKor/386/2562 7th November 2019 Re: Consolidated Financial Statements Analysis Q3/2019 Dear: President The Stock Exchange of Thailand L.P.N. Development Public Co., Ltd

Solutions (CIS) and Networking Power along with the remarkable growth of Electric Vehicle Solutions in the second half of this year Gross profit of this quarter amounted to Baht 4,574 million, went up 92.8

their pain points and best serve their lifestyle.), and man-power (salary, welfares) which mainly in line with the increase of real estate development projects. 3. Administrative expenses, in the period

68.9% - Power Plants under Constuction and Development (2.9) (1.7) 68.5% (7.3) (6.5) 12.5% 1 Definition of Normalized Profit attributable to Owners of the Parent is changed to Profit attributable to

performance of power business in 1Q2020 continued to be solid with Normalized Share of Profit of Baht 250.7 million, comparing to Baht 184.8 million of 1Q2019. Sale volume of Utilities business in Thailand is

-One coal-fired power plant, which account for 67% of the total Normalized Net Income decrease. In 2Q2020, GHECO-One continued solid operating performance with zero unplanned outage in 2Q2020. However