2017, with revenue of THB 932mn and profit of THB 221mn. For more details of the Company's annual performance, please see 2017 performance analysis. 1 The Bank of Thailand 2The Nielsen Company (Thailand

- month 2017/18 performance reflects the results of our focus on integrating the OOH and Online sectors, having recorded solid growth of 28.4% YoY to THB 2,808mn. Adjusted net profit grew by 19.8% YoY to

2019 14 FEBRUARY 2020 U CITY PCL 2019 - MD&A (for the year ended 31 December 2019) 4 U CITY PCL 2019 PERFORMANCE 2019 P&L SNAPSHOT AND ANALYSIS (THB mn) 2019 20181 % YoY 4Q 2019 3Q 2019 % QoQ Operating

 The Board of Directors meeting held on 7 August 2019 approved the payment of the interim dividend for the first half of the Company’s performance to shareholders for a total of THB 52mn, at a rate of

Book Value Approach Details of the assessment of fair value under each method are as follows: 1) Book Value Approach Valuation based on this approach will show the value of the land by reference to the

346 37% 63% FY2018 33% 67% FY2017 1,386 1,802 Adjusted EBITDA Breakdown Operating Performance Exhibit 1 : Consolidated Company’s Performance UNIT: M THB 4Q2018 4Q2017 % YoY 3Q2018 % QoQ FY2018 FY2017

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

the oil prices. This will have the impact to the performance of the company. Nevertheless, the company is committed to meet the operational excellence and maximize its efficiency in operation to deliver

clearly determined and tangible e.g. fund performance, management company’s performance, market share, etc. The long-term plan should demonstrate the direction of the business and the future plan such as

of the plan should be clearly determined and tangible e.g. fund performance, management company’s performance, market share, etc. The long-term plan should demonstrate the direction of the business and