of 4 The Group had other revenues of THB 2.11 million in quarter 1/2018 escalating from THB 1.59 million of the same period last year. Such growth was yields from short-term investment spent since

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

previous investment. However, the Company has been focusing on following recovery plans and has improved loss from Q4/2018 at Baht 143 million by escalating utilization rate, and better expenses and costs

million in quarter 2 /2018 escalating from THB 1.54 million of the same period last year. Such growth was driven mainly from marketing activities rendered to a corporate customer. Jan – Jun. 2018 Business

power plant at Baht 142.91 million, or 41.66 %. The increase of revenue from power plant comes from the 5 MW Prachinburi Power Plant at Baht 38.12 million and the 9.99 MW Kyotamba power plant in Japan at

Baht 143 million by escalating utilization rate, and better expenses and costs control and reduction. Page 4 4. Financial Position of the Company and its Subsidiaries (Unit: Baht Million) 31 March 2019

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

Baht 987.27 million, an increase of Baht 56.39 million or 6.06%, which was a decrease of revenue from printing business at Baht 17.04 million or 3.83% and an increase of revenue from power plant at Baht

revenue from power plant at Baht 73.43 million, or 15.11%. The increase of revenue from power plant comes from the 10 MW Kurihara Phase 1 Power Plant on October 1, 2018 at Baht 26.26 million and the revenue

of Baht 241.92 million, a decrease of Baht 7.19 million or 2.88%, which was a decrease of revenue from printing business at Baht 24.01 million or 16.58% and an increase of revenue from power plant at