customers and stakeholders. As a result, EBITDA expects to grow at a mid-single digit rate. Continued investing in growth opportunities with optimization discipline CAPEX is planned to be around Bt27-30bn

Management Discussion & Analysis of Business Operation Bangchak Corporation Public Company Limited For the year ended December 31st, 2018 Management Discussion and Analysis of Business Operation for 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 Refinery & Trading Business Group 15 Marketing Business Group 17 Power Plant Business Group 19 Bio-Ba...

decreased from the previous year due to planned annual maintenance, while in 2016 the Ethanol plant had been in operation for 4 months, thus was not subjected to maintenance. 3. Average selling price of

attack of the large Saudi Arabian refineries in this past September. During this quarter Bangchak refinery had a utilization rate of 110. 8 KBD due to the planned maintenance of the Hydrocracking Unit to

. The company has planned three main practices to achieve this goal. • The first synergy are operation and maintenance, which could be assessed as 89% of the total amount of the synergy value. The

multiplied by the total number of shares of the Business or of NVDR intended to sell by the Offeree. Note: An Offeree who is a Thai juristic person will be responsible to withhold 3.00 percent of the brokerage

, therefore; has planned to hold a concert in cooperation with NEXT Co., Ltd., in aiming to expand the business in concert organization in Thailand in a long run. On 4 th October 2019, the Committee Meeting No

implemented as planned, including the development of the Eastern Economic Corridor (EEC). Nevertheless, the Thai economy still faces major risks from external uncertainties in the US economic and trade policies

Company has planned strategy for maintaining the existing customer base and attempted to increase the number of new customer by promoting the activity at the sale point for stimulating of product trial and

226,331,648 or equivalent to THB 7,810,529,136.75 as planned. - Seeking for new investors will resolve the financial crisis of the Company after the Extraordinary General Meeting of the Shareholders