consolidated financial results, the Company has total revenues stable compared to the same period of last fiscal year due to the current economic situation which is in an improved trend but the risks to asset

789 11.7% Asset Quality Accounts Receivable 93,894 89,771 (4.4%) NPL 6.2% 5.9% - Allowance to Accounts Receivable 10.1% 8.9% - Highlights Ratios D/E (Times) 2.9 2.6 - BVPS (Baht) 94.8 100.5 - ROE 12.6

reviewed by the certified auditors of the Company are as follows: No Criteria Calculation Formula Transaction size 1 Net Tangible Assets (NAT) Criteria Cannot be calculated since disposed asset is not

Investor (Private Placement) 3. Capital Increase Report Form (F 53-4) 4. Summary of Key Terms and Conditions of the Offering and Allocation of the Newly Issued Convertible Debenture and the Conversion Right

"Risk Factors". Issuers are encouraged, but not required, to list the risk factors in the order of their priority to the issuer. The Risk Factors section is intended to be a summary of more detailed

FY2019 Bangchak Corporation Plc. | 03 Table of Contents 06 09 29 25 27 31 Executive Important Events Summary Business Performance 11 - Refinery & Trading 16 - Marketing 19 - Power Plant 21 - Bio-based

- The entering into the transaction constitutes an asset acquisition transaction in accordance with the Notification of the Capital Market Supervisory Board No. TorChor. 20/2551, Re: Rules on Entering

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

Resources CONTENTS Executive Summary 03 Statement of Income 07 Business Performance 09 Statement of Financial Position 21 Statement of Cash Flows 23 Financial Ratios 24 Environment Management Accounting 26 3

total contracted capacity of 544 MW equity. Page 9 4. Report and Analysis of the Operating Results EGCO would like to present analysis of the operating results as follows: Summary of operating results for