) ปรมิาณ การใช้เชื้อเพลงิ (heat rate) ของโครงการโรงไฟฟ้า ABP5 และ BPWHA1 ทีล่ดลงหลงัจากการ upgrade เครื่องผลติไฟฟ้ากงัหนั ก๊าซ ในเดอืน ก.ค. 2562 และเดอืน ก.พ. 2563 ตามล าดบั, 2) ผล การด าเนินงานของ

growth plans Indorama Ventures 1st Quarter 2018 MD&A 4 Portfolio Development We continue to upgrade our portfolio through organic growth, operational excellence initiatives, value accretive acquisitions

maximize their value. TRIS Rating upgrade of corporate and debenture ratings to “AA” with stable outlook. In 2017, CPN launched 3 new condominium projects, which garnered positive responses. Sustainable

equipment upgrade in 4Q19.  Other costs of service, including cost of content, prepaid commission, and IC cost, were Bt2,090mn, decreasing - 11% YoY, - 13% QoQ due to lower prepaid commission following the

continued improvement in plant efficiency. • EBITDA margin increased y-on-y to 28.6% in Q2’2020 and 28.9% in 6M’2020 from 1) ABP5 and BPWHA1 improving heat rate after gas turbine upgrade in July 2019 and

equipment upgrade in 4Q19.  Other costs of service, including cost of content, prepaid commission, and IC cost, were Bt2,090mn, decreasing - 11% YoY, - 13% QoQ due to lower prepaid commission following the

require external funding to upgrade or develop new, capital intensive facilities. 1.4. Assets and projects in scope for the Criteria These Criteria apply to assets and projects relating to the following

Management Discussion & Analysis of Business Operation Bangchak Corporation Public Company Limited For the year ended December 31st, 2018 Management Discussion and Analysis of Business Operation for FY2018 Bangchak Corporation Plc. I 2 Table of Content Management Discussion & Analysis of Business Operation 03 Executive Summary 05 Important Events 08 Statement of Income 10 Business Performance 10 Refinery & Trading Business Group 15 Marketing Business Group 17 Power Plant Business Group 19 Bio-Ba...

facility for a utility upgrade of the entire estate.  North America now contributes to 40% of the Company’s earnings. Given the extent of integration and growth in its HVA portfolio, the region now earns in

aspirations Indorama Ventures 2nd Quarter 2018 MD&A 4 Portfolio Development We continue to upgrade our portfolio through organic growth, operational excellence initiatives, value accretive acquisitions and