Bangchak Corporation Plc. Management Discussion & Analysis of Business Operation For the 2nd quarter ended June 30th, 2019 Management Discussion and Analysis of Business Operation for Q2/2019 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 20 - Natural Resources Financial Position Statement of Cash Flows Statement Financial Ratios Environm...

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 Resources CONTENTS Executive Summary and Management Guidelines to Mitigate the Effects of the COVID-19 Outbreak 03 Statement of Income 09 Business Performance 11 Statement of Financial Position 24 Cash of Statement 26 Financial Ratios 27 Environment Management Accounting 29 3 Management Discussion and Anal...

Bangchak Corporation Plc. Management Discussion & Analysis of Business Operation For the quarter ended September 30th, 2019 Management Discussion and Analysis of Business Operation for Q3/2019 Bangchak Corporation Plc. I 2 03 Table of Contents 06 08 21 24 26 28 Executive Statement Summary of Income Business Performance 8 - Refinery & Trading 13 - Marketing 15 - Power Plant 17 - Bio-based Products 19 - Natural Resources Financial Position Statement of Cash Flows Statement Financial Ratios Environ...

PUBLIC COMPANY LIMITED ABICO HOLDINGS PUBLIC COMPANY LIMITED ABSOLUTE CLEAN ENERGY PUBLIC COMPANY LIMITED ADDTECH HUB PUBLIC COMPANY LIMITED ADVANCED CONNECTION CORPORATION PUBLIC COMPANY LIMITED ADVANCED

ABM: ASIA BIOMASS PUBLIC COMPANY LIMITED ACAP: ASIA CAPITAL GROUP PUBLIC COMPANY LIMITED ACC: ADVANCED CONNECTION CORPORATION PUBLIC COMPANY LIMITED ACE: ABSOLUTE CLEAN ENERGY PUBLIC COMPANY LIMITED ACG

million baht in a consequence of lower advanced bookings during the period. Reimbursable maintenance expense: lower by 348.5 million baht, a decreasing amount was mainly due to cash received from

by 433.8 million baht in a consequence of lower advanced bookings during the period. 22 ASIA’S BOUTIQUE AIRLINE Reimbursable maintenance expense decreased by 583.8 million baht due to cash received

Thai economy in the third quarter of 2018 had a positive trend in line with the expansion of world economy. The continuous growth from export sector and the implementation of advanced technology in

of lower advanced bookings during the period. Non-current assets Total non-current assets of the Company were 51,728.6 million baht, increased from the end of 2019 by 2,410.4 million baht. This was

AAV: ASIA AVIATION PUBLIC COMPANY LIMITED ABM: ASIA BIOMASS PUBLIC COMPANY LIMITED ACAP: ASIA CAPITAL GROUP PUBLIC COMPANY LIMITED ACC: ADVANCED CONNECTION CORPORATION PUBLIC COMPANY LIMITED ACE