20 - Natural Resources Financial Position Statement of Cash Flows Statement Financial Ratios Environment Management Accounting Management Discussion and Analysis of Business Operation for Q2/2019

% Total Revenue 1,740 3,814 4,604 21% 165% Cost of Raw Materials - Natural Gas 616 689 1,187 72% 93% - Coal 328 1,496 1,537 3% 369% - Others 18 40 39 (3%) 117% Total Cost of Raw Materials 962 2,225 2,763 24

sales volumes. The sharp decline in the Finished Goods prices has also led to a decline in Raw material prices and the Company suffered devaluation loss on Finished Goods stock, Raw Material in stock and

them cheaper than B7, providing by the Oil Fuel Fund. Natural fatty alcohols market in 1Q2020 moved downward from 1Q2019 affected by the coronavirus (COVID-19) outbreak. Many countries have been imposing

comparison for decision making. Construction cost - Buildings and infrastructure 38.37 - Machines and system 109.63 - Pipeline 66.94 Total Project Value 237.00 In this regard, the purchase of land Raw water

Bangchak Corporation Plc. Management Discussion & Analysis of Business Operation For Quarter 1/2020 11 - Refinery & Trading 16 - Marketing 19 - Power Plant 21 - Bio-based Products 23 - Natural

the transaction The Company foresees that currently the MDF Board is widely accepted to use in the production of furniture and decorating accessories, as its specification is similar to the natural wood

production of furniture and decorating accessories, as its specification is similar to the natural wood with the lower price compared with the natural wood or plywood. In addition, there are no substituted

the Company was 31.8% mostly as a result of higher raw material costs (particularly cullet) and natural gas price, higher listing fees from the new product launches in both beverage and personal care

robust Fit Fast Firm project (OSP’s cost saving program), which continued to drive further margin improvement through product formulation optimization, lower key raw material prices, higher supply chain