entering its rainy season, which was its high season and experienced strong wind speed, effectively leading to the power plant to generate a high amounts of electricity. Moreover, this quarter the power

FY2019 Bangchak Corporation Plc. | 03 Table of Contents 06 09 29 25 27 31 Executive Important Events Summary Business Performance 11 - Refinery & Trading 16 - Marketing 19 - Power Plant 21 - Bio-based

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

as follows Unit : million baht Service For the three-month period Ended March 31, 2019 For the three-month period Ended March 31, 2018 Increase / (Decrease) Percentage Sea Freight 174.70 142.96 31.74

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

private sector contribute a high demand of skilled workers and lead to an increase in household income and consumer purchasing power (Source: Bank of Thailand). Meanwhile, a rise in average oil price in the

high at 114.02 KBD. Marketing Business was able to increase market share and maintain its 2nd position in the market. Power Plant Business realized additional profit from Solar and Wind Power Plants. As

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

our innovative power businesses, both in the short and long term. Also, GPSC hold a group roadshow for the upcoming Green Debenture Offering of THB 5,000 million to institutional and/or high net worth

of profit from the Wind Power Plant business in the Philippines was THB 29 million, improvements in performance stemmed from its High Season, while the share of profit from the geothermal power plant