growth 2019 was a remarkable year for B.Grimm with a 40% growth in operating capacity or by 820 MW to 2,896 MW while the company still have a number of under- development projects to drive total installed

Performance 3 Management Discussion and Analysis of Business Operation for FY2019 Bangchak Corporation Plc. | Executive Summary Summary of the Company and its subsidiaries’ operating results for the year ended

company and its subsidiaries’ operating result for the 1st quarter ended 31st March 2020 Unit: THB Million Q1/2020 Q4/2019 QoQ Q1/2019 YoY Total Revenue 43,070 50,146 -14% 45,535 -5% Accounting EBITDA

of Business Operation for the 3rd quarter of 2017 Bangchak Corporation Plc. Summary of the Company and its subsidiaries’ operating result for the 3rd quarter ended 30th September 2017 EBITDA Structure

of Business Operation for the 2nd quarter of 2017 Bangchak Corporation Plc. Summary of the Company and its subsidiaries’ operating result for the 2nd quarter ended 30th June 2017 EBITDA Structure of

negative, therefore, cannot calculate the value of this investment payment transaction according to the net tangible asset (NTA) criteria. 2 / The Company has a net loss in the operating period for the six

Management Discussion & Analysis of Business Operation Bangchak Corporation Public Company Limited For the 2nd quarter ended June 30th, 2018 Management Discussion and Analysis of Business Operation

Management Discussion & Analysis of Business Operation Bangchak Corporation Public Company Limited For the first quarter ended March 31st, 2018 Management Discussion and Analysis of Business

of the Company and its subsidiaries (Consolidated) As for the performance of the first 9 months of 2018, the Company and its subsidiaries had net cash received in operating activities of THB 348

Bangchak Corporation Plc. I 3 Executive Summary Summary of the Company and its subsidiaries’ operating results for the 1st quarter ended March 31st, 2019 Unit: THB Million Q1/2018 (Restate) 7/ Q4/2018 Q1