of the previous year. The increase is owing to the increase in the profit of Hongsa Power Company Limited, a joint venture, in a portion of 40 percent. In addition, the acquisition of RATCH

decreased 47.04 million baht or 3.27% comparing to the same period last year, aligned with the total motorcycle production and the decrease in purchasing power of the farmers. 2. Cost of Sales and Services

PowerPoint Presentation Management’s Discussion and Analysis (MD&A) For the Financial Result of Quarter 2 Year 2018 Ended June 30, 2018 B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s Discussion

power plant assets into basic infrastructure fund in Japan at THB 795 million. Also there was a THB 42 million profit from bargain on working capital provision from the share divestment in Nido Production

family models aligning with the recovery of agricultural incomes that strengthened the household purchasing power. Besides, the export sales expanded in accordance with the economic situations of trading

% EBIT (27.73) (3.27) (24.46) 748.01% Net Profit (Loss) (21.72) (0.34) (21.38) 6288.24% Basic Earnings (Loss) per Share (0.110) (0.002) (0.108) 6288.24% Performance Report The epidemic of COVID-19 affects

2017 Bangchak Corporation Plc. Table of Contents 7 9 09 8 Refinery Business 13 Marketing Business 14 Green Power Business 16 Bio-Based Products Business 18 Exploration & Production Business 22 26 24

2017 Bangchak Corporation Plc. Table of Contents 6 8 08 8 Refinery Business 12 Marketing Business 13 Green Power Business 15 Bio-Based Products Business 18 Exploration & Production Business 21 25 23

& 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

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