) Other Comprehensive Income 3.40 (4.78) 8.18 171.13 Total comprehensive loss for the year (292.57) (270.08) (22.49) (8.33) Non-controlling interests of the subsidiaries (18.38) (21.95) 3.57 16.26 Profit

are higher than distressed RTOs. • BHAR is decreasing in relative deal size and future changes in book value to equity. • Liquidity shows improvement post announcements as indicative in lowered spreads

DCON PRODUCTS PUBLIC Co.,Ltd. and Subsidiaries Company Management’s Discussion and Analysis (MD&A) For the Year 2019 1. Revenue,Gross Profit & Net Profit Unit :M.Bht Year 2019 Year 2018 Year 2017 1

profit margin was slightly brought down by 0.9% of gross profit margin due to turnaround costs and the rise of main raw material prices from tight supply plus greater crude oil prices. 2. In Q2 2018

carried which grew by 9.6 percent compared same period with last year. Net profit was reported at 719.3.0 million baht, increased from the first quarter of year 2017 by 154.3 million baht or 27.3 percent of

percent compared same period with last year. Net profit was reported at 719.3.0 million baht, increased from the first quarter of year 2017 by 154.3 million baht or 27.3 percent of which profit attributable

(94)% 88 203 (56)% Core EBIT 231 178 288 (20)% 892 871 2% Core Net Profit after Tax and NCI4 159 128 234 (32)% 666 664 0% Core Net Profit after Tax and NCI (THBm) 5,027 4,042 7,463 (33)% 21,566 21,477 0

) (282) -31% Net profit attributable to owners of the parent 620 370 68% (1,546) 140% 1,732 2,463 -30% Basic earnings per share (Baht) 0.38 0.27 (1.12) 1.18 1.79 Note: 1/ EBITDA from Refinery Business of

DCON PRODUCTS PUBLIC Co.,Ltd. and Subsidiaries Company Management’s Discussion and Analysis (MD&A) For the Year 2017 1. Revenue,Gross Profit & Net Profit Unit :M.Bht Year 2017 Year 2016 Year 2015 1

DCON PRODUCTS PUBLIC Co.,Ltd. and Subsidiaries Company Management’s Discussion and Analysis (MD&A) For the Year 2018 1. Revenue,Gross Profit & Net Profit Unit :M.Bht Year 2018 Year 2017 Year 2016 1