2016, the plant had generated a higher profitability in 2017 than in 2016. Furthermore, in 2017 GPSC received dividend income from Ratchaburi Power Company Limited (RPCL) amounting to Baht 270 million

accounts receivable 398,049 6% 274,768 7% 205,429 6% Accrued income 99,469 2% 77,070 2% 87,317 2% Other receivables 89,842 2% 59,605 1% 68,134 2% Inventories 136,926 2% 68,116 1% 2,961 - Other current assets

Company will further inform via the SET system. 2) Right adjustment as a result of dividend payment in the amount of money exceeding 80 percent of net profit after income tax subject by the Company The

42.1% Share of profit/loss from JVs/associaties (equity income) (24.7) 3.4 N.A. 8.6 N.A. Finance cost 458.2 113.0 305.5% 208.1 120.2% Reported Net Profit/Loss (253.7) (162.5) 56.1% (80.8) 213.9% GOP

liabilities 284,307.58 2,797,653.75 Minority interests 0.02 259.76 Net tangible assets (NTA)2/ 50,271.91 428,385.90 Total number of issued and sold shares (shares) 28,042,739,205 1,908,842,894 Net income to

(attributable to owners of the Company) of THB 5,963.28 million, increasing by THB 375.68 million. The increase is owing to the commencement of commercial operation of Mount Emerald Wind Farm Project and

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

net profit after income tax subject by the Company The Annual General Meeting of Shareholders for the year 2019, held on 22 April 2019 resolved to approve the dividend payment in the ratio of Baht

HIGHLIGHT Sales and Service Income • Sales and service income increased 20.6% y-on-y in 2019 to Baht 44,132 million and 13.3% y-on-y in Q4’2019 to Baht 11,258 million primarily due to 1) the additions of 692

income, proven record of managing high quality shopping centers, reliable cash flows from contract-based rental and service income, and conservative financial policy. Diversification into Mixed-use