Management Discussion and Analysis of Business Operation for the 2nd quarter of 2017 Bangchak Corporation Plc. 1 | Bangchak Corporation Public Company Limited Management Discussion and Analysis of
Repeal of the Notifications related to Operation of Securities Business and Derivatives Business by Securities Company and Derivatives Intermediary
The Repeal of Notifications related to Operation of Securities Clearing House, Central Securities Depository, Derivatives Exchange and Derivatives Clearing House
maintenance for machinery and equipment after 10 years of operation and depreciation of machinery. The average capacity utilization rate in 2017 is 65.42%, close to 2016, at 65.79%. This is lower than the plan
of lower utilization rate; and 3) higher finance costs due to higher borrowings as a result of previous investments in machinery, subsidiaries, and joint ventures. However, there is an improvement
affecting operation as follow: 1. Bangchak Refinery average production rate was at 118. 82 KBD or 99% utilization rate of refinery capacity ( + 7% , YoY) which was recorded as the all- time high average
of other businesses; (5) information about assets of an infrastructure business; (6) information about policies on the management and utilization of assets of infrastructure business; (7) information
new product under the operation of A Woody Drink company limited (“AWD”), a joint venture between the Company and Mr.Vuthithorn Milintachinda, one of the well-known figures in Thailand and a content
Management Discussion & Analysis of Business Operation Bangchak Corporation Public Company Limited For the first quarter ended March 31st, 2018 Management Discussion and Analysis of Business