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...

.), beverage capacity expansion in Thailand and investment in a new beverage factory in Myanmar. Inventories increased by THB 714 million due to preventive measures to mitigate supply chain disruption and

surveillance system within January of the following year. Part 4 Incident Management __________________ Clause 28 In this Part: “incident” means: (1) an event which cause disruption or degradation of a computer

through big wholesaler stores in most provinces and supporting smaller retailers through sales materials. Besides the distribution disruption, negative factors affecting tourism in Thailand still emerged

will focus on distributing it products through big wholesaler stores in most provinces and supporting smaller retailers through sales materials. Besides the distribution disruption, negative factors

. As in Q1 the main lime consuming sectors of the industry were not immune to the disruption: the sugar cane harvest was down and uncertainty in the steel industry has caused volumes to drop year on year

. Initially, the Company will focus on distributing it products through big wholesaler stores in most provinces and supporting smaller retailers through sales materials. Besides the distribution disruption

743.1 million baht. Even though the COVID- 19 pandemic bringing significant disruption to business, The Group still maintains the profit attributable to equity holders of the company amount of 707.1

expected to severely contract during the outbreak. The export sector has been impacted by declining demand from trading partners and supply chain disruption, while the tourism sector has been impaired by

. Apart from the distribution disruption, negative factors affecting tourism in Thailand still emerged and caused a material fall in the number of tourists, especially from China, which is our target