82,883,108 17.26385 AMR 10,644,509 1.77408 ANAN 67,221,506 1.61348 ANI 50,657,429 2.74120 AOT 20,549,223 0.14384 AP 39,522,657 1.25632 APCO 23,365,640 3.89427 APCS 159,193,929 24.12030 APEX 8,598,000 0.21311

83,016,509 17.29164 AMR 11,935,402 1.98923 ANAN 75,356,916 1.80874 ANI 43,934,197 2.37739 AOT 20,197,052 0.14138 AP 41,783,879 1.32820 APCO 23,635,742 3.93929 APCS 158,464,324 24.00975 APEX 8,598,000 0.21311

0.01112 AMATAV 40,339,000 4.31433 AMC 82,966,509 17.28122 AMR 12,973,798 2.16230 ANAN 64,194,460 1.54082 ANI 17,212,497 0.93141 AOT 17,376,387 0.12163 AP 43,160,669 1.37197 APCO 24,233,040 4.03884 APCS

0.01112 AMATAV 40,600,200 4.34227 AMC 82,826,616 17.25208 AMR 13,936,500 2.32275 ANAN 61,443,395 1.47479 ANI 14,099,296 0.76295 AOT 20,105,960 0.14074 AP 41,579,230 1.32170 APCO 24,179,542 4.02992 APCS

39,800 0.01112 AMATAV 40,689,400 4.35181 AMC 82,781,617 17.24271 AMR 14,164,107 2.36068 ANAN 62,619,716 1.50302 ANI 12,897,896 0.69794 AOT 17,517,265 0.12262 AP 44,041,293 1.39996 APCO 24,181,942 4.03032

82,810,854 17.24880 AMR 15,511,295 2.58522 ANAN 64,704,636 1.55306 ANI 12,425,515 0.67238 AOT 17,120,334 0.11984 AP 45,645,630 1.45096 APCO 23,810,357 3.96839 APCS 158,414,429 24.00219 APEX 8,598,000 0.21311

82,849,718 17.25690 AMR 15,749,000 2.62483 ANAN 47,028,309 1.12879 ANI 8,676,797 0.46952 AOT 24,041,019 0.16829 AP 52,245,625 1.66075 APCO 23,980,251 3.99671 APCS 158,383,426 23.99749 APEX 8,598,000 0.21311

Bangchak Corporation Plc. Management Discussion & Analysis of Business Operation For the 4th quarter and year ended December 31th, 2019 2 Management Discussion and Analysis of Business Operation for 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 Products 23 - Natural Resources Statement of Cash Flows Statement Financial Ratios Environment Manag...

โทรีเซนไทย เอเยนตซีส จาํกัด (มหาชน) TTA 340,800 5,657,280.00 4.99 บริษัท พรีเชียส ชิพปง จํากัด (มหาชน) PSL 209,700 4,844,070.00 4.27 บริษัท ทาอากาศยานไทย จํากัด (มหาชน) AOT 47,200 3,009,000.00

จํากัด (มหาชน) BDMS 121,800 2,728,320.00 2.50 ขนสงและโลจิสติกส บริษัท ทาอากาศยานไทย จํากัด (มหาชน) AOT 89,000 5,673,750.00 5.21 บริษัท บีทีเอส กรุป โฮลดิ้งส จํากัด (มหาชน) BTS 113,800 1,046,960.00