increase in PET’s raw material cost, leading to higher production costs thus increase in selling price. And 2 since pricing in this industry is highly competitive, the company decided to reduce the segment’s

EBITDA (228) 602 Net Profit (Loss) (433) 366 HR C HRC Sales (k tons) 177 388 HRC Production Volume (k tons) 139 382 HRC Average Selling Price (THB./ton) 19,160 20,942 HRC Cash Margin (THB./Ton) (58) 1,937

%, because the price of natural rubber, which is the main raw material for production, decreased. • Selling expenses decreased 2.46 million baht or 6.04 % due to higher operating efficiency and other expenses

. Other income decreased by 1.42 million baht or 7.19 % from the year 2016. Main reason why the revenue from the sale of scrap was reduced because the waste in the production process was reduced by

Q4/2018, inventory loss was THB 2,517 million. In this quarter, the refinery’s average production rate was 110.12 thousand barrels per day, as there was a maintenance of the Hydrocracking Unit’s Gas

Business Group recorded an average production rate of 66.80 KBD (56% utilization rate), which declined, coinciding with the 2018 planned turnaround maintenance TAM (period between 30th April – 13th June

in the production and has a direct effect on the determination of sale prices tended to decrease during the past year, resulting in a decrease in the average battery prices during the past 2 years

2017 Bangchak Corporation Plc. Table of Contents 6 8 08 8 Refinery Business 12 Marketing Business 13 Green Power Business 15 Bio-Based Products Business 18 Exploration & Production Business 21 25 23

million or 75.16% up from 1Q2019 mainly from higher production capacity of cooked chicken products from new further processing factory. Financial Costs Financial costs of the group include the interest paid

recorded an average production rate of 118. 82 KBD (99% utilization rate) which is considered as a record all-time high for average production rate in any quarter in the history of the Bangchak refinery