. Liquidity Cash Flow Activities For the three- month period ended March 31, 2019, the Company and its subsidiaries generated cash flows from operating activities of approximately THB 304.79 million, decreased

both domestic and overseas annually during 2019- 2021 with the estimated average capital expenditure (excluding new investment) at approximately THB 1,000 million per year and the expected EBITDA margin

activities of approximately THB 1,456. 09 million, decreased by THB 44. 15 million from the same period last year. For the six-month period ended June 30, 2019, the Company and its subsidiaries used net cash

Bangchak Corporation Plc. Management Discussion & Analysis of Business Operation For the 2nd quarter ended June 30th, 2019 Management Discussion and Analysis of Business Operation for Q2/2019 Bangchak Corporation Plc. I 2 03 Table of Contents 06 08 22 25 27 29 Executive Statement Summary of Income Business Performance 8 - Refinery & Trading 13 - Marketing 15 - Power Plant 17 - Bio-based Products 20 - Natural Resources Financial Position Statement of Cash Flows Statement Financial Ratios Environm...

OOH media accounted for approximately 50 percent of Thailand’s OOH advertising spending.1 IMPORTANT EVENTS IN 2017/18 Transit in Thailand  The Company successfully implemented the Offline-to-Online

August 2019. The total area is approximately 300 rai located in Si Maha Phot district of Prachinburi Province. The renewal of lease agreement was due to the development of land and building of animal

debt of the digital television license fee of approximately Baht 1,421.59 million, totaling of Baht 3,069.41 million, based on the information as of 30 September 2017. This is for the Company to be able

palm oil inventory level of 200,000 - 250,000 tons. For ME domestic demand in 2Q2018, it is estimated approximately at 339,000 tons, increased by 21,000 tons or up 7% yoy, which was resulted from mandate

activities of approximately THB 1,500.24 million, decreased by THB 120.16 million from the same period last year. For the six-month period ended June 30, 2018, the Company and its subsidiaries used net cash in

Million or equivalent to approximately 9.5% Valuation from Comparable Method : THB 101 – 112 Million 5.2 Payment Method The Buyer and the Seller agree to divide payment of the acquisition price as follows