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 Resources CONTENTS

and Exchange Commission, Thailand (SEC)* 3. Office of Natural Resources and Environmental Policy and... https://www.sec.or.th/TH/Documents/LawsandRegulations/ResourceCenter

of Forestry, the Ministry of Natural Resources and Environment, the Geo-Informatics and Space Technology Development Agency (Public Organization) and Thailand Greenhouse Gas Management Public

& Trading Business Group 11 Marketing Business Group 13 Power Plant Business Group 14 Bio-Based Products Business Group 16 Natural Resources Business Group 18 Statement of Financial Position 20 Cash Flows

& Trading Business Group 12 Marketing Business Group 14 Power Plant Business Group 16 Bio-Based Products Business Group 18 Natural Resources Business Group 20 Statement of Financial Position 22 Cash Flows

base of 4.74 million subscribers by the end of 2023. This includes an organic increase of 276,000 subscribers from AIS operations and an additional 2.3mn subscribers from the acquisition of TTTBB

sales to EGAT in 9M’2019 increased 6.0% y-on-y to 3.19 Baht/kWh because the energy payment is generally adjusted to reflect changes in natural gas price which increased 9.1% during the period. Electricity

natural gas price which rose during these periods. Electricity sales to Industrial Users (IUs) – Thailand • Electricity sales to industrial users in Thailand increased 4.4% y-on-y in Q2’2019 and 6M’2019 to

Bangchak Corporation Plc. Management Discussion & Analysis of Business Operation For Quarter 2/2020 09 - Refinery & Trading 14 - Marketing 16 - Power Plant 18 - Bio-based Products 20 - Natural

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