the previous year. 4. Financial costs were THB 19 million in the third quarter of 2020, which increased by THB 9 million from the same period last year because RH’s and AVA’s power plants had been

PowerPoint Presentation MANAGEMENT DISCUSSION & ANALYSIS THE INNOVATIVE POWER FLAGSHIP OF PTT GROUP MD&A Q1/2019 PAGE 1 MANAGEMENT DISCUSSION & ANALYSIS (MD&A) Q1 2019 For Q1/2019, the EBITDA of the

, concentrated solar power (CSP) and manufacturing  Considering environmental impact of solar assets Accompanying this background paper is a first stage of proposed eligibility criteria solar energy assets linked

& equipment upgrades, smart metering, etc Operating expense of ongoing maintenance, where increased energy efficiency and decreased carbon emissions are materially significant Commercial Buildings - a building

2017 Bangchak Corporation Plc. Table of Contents 7 9 09 8 Refinery Business 13 Marketing Business 14 Green Power Business 16 Bio-Based Products Business 18 Exploration & Production Business 22 26 24

or 22.90% over the same period of last year of which hospital revenues totally raised by 10.16% along with the enlarged customer base of Subsidiary (AMARC) showing 15.67% of revenues’ growth. In

2017 Bangchak Corporation Plc. Table of Contents 6 8 08 8 Refinery Business 12 Marketing Business 13 Green Power Business 15 Bio-Based Products Business 18 Exploration & Production Business 21 25 23

& Trading Business Group 12 Marketing Business Group 13 Power Plant Business Group 16 Bio-Based Products Business Group 18 Natural Resources Business Group 20 Statement of Financial Position 22 Cash Flows

Bangchak Corporation Plc. I 2 03 Table of Contents 06 08 20 22 24 26 Executive Statement Summary of Income Business Performance 08 - Refinery & Trading 13 - Marketing 15 - Power Plant 17 - Bio-based Products

from 25.2% to 44.7% due mainly to the fact that WHART solely used the debt funding from financial institution which is deemed lower cost of fund compared to the fund raised from investors to acquire the