continually and closely monitoring the trend to improve its net profit margin and is still expecting for an upgrade performance in the upcoming year. Please be informed accordingly Sincerely Yours

financial institution whom the credit facilities lent by the Company, resulting in the enhancement in the Company’s ability to achieve its goal and the increase in the Company’s competent capability in the

strengthen the relationship between the Company and the financial institution whom the credit facilities lent by the Company, resulting in the enhancement in the Company’s ability to achieve its goal and the

the Company, resulting in the enhancement in the Company’s ability to achieve its goal and the increase in the Company’s competent capability in the long term. 5. Warranty of Directors The Board of

Bangchak Corporation Plc. Management Discussion & Analysis of Business Operation For the first quarter ended March 31st, 2019 Management Discussion and Analysis of Business Operation for Q1/2019 Bangchak Corporation Plc. I 2 03 Table of Contents 06 08 20 22 24 26 Executive Statement Summary of Income Business Performance 08 - Refinery & Trading 13 - Marketing 15 - Power Plant 17 - Bio-based Products 19 - Natural Resources Financial Position Statement of Cash Flows Statement Financial Ratios Envi...

Investor Strategies for Incorporating ESG Considerations into Corporate Interactions www.blackrock.com www.ceres.org Century21st Engagement Investor Strategies for Incorporating ESG Considerations into Corporate Interactions [ 5 ] FOREWORD The Value of Our Voice ......................................................................................................................................... 1 How ESG Megatrends Are Shaping Valuation ...........................................................

per ton (YoY) in an otherwise strong season. Figure 1: IVL Quarterly Core EBITDA (LTM) The steady improvement seen in IVL’s core earn- ings follows on from IVL’s consistent strategy of prudent

supported by higher margins and volume  Strong improvement in the Americas business with Core EBITDA per ton of $161 vs $122 in 2Q LTM 2017. EMEA business also improved with 2Q 2018 LTM Core EBITDA per ton

Details of the costs involving to the WTGs foundation improvement for Huay Bong 2&3 Wind Farm at September 30, 2017 are as shown in the table. Description Estimated total improvement cost (until year 2016

foundation improvement for Huay Bong 2&3 Wind Farm as at December 31, 2017 are as shown in the table. Description Estimated total improvement cost (as of year 2016) Estimate and cost for accounting recorded in