Estate Public Company Limited Management Discussion and Analysis 2Q20 With respect to commercial business, special reduction granted to tenants impacted by COVID-19 is expected to reduce thanks to revival
matters including inability to obtain certification from the company’s management regarding responsibility for the financial statement preparation, inability to audit operating system manual in petroleum
of 2016. Looking ahead into the final quarter of this year, loans are set to maintain growth. Business loans, in particular, are expected to receive a boost from revival in economic activity and the
pandemic. However, there are promising signs of growth driven by the revival of tourism, the increase of exports, and the acceleration of government spending. Tourism industry Source : Ministry of Tourism
jointly invest with Seacrest Capital Group (“Seacrest”) in the petroleum fields Draugen Field and Gjøa Field from A/S Norske Shell (“Shell”) through the investment by means of subscribing new shares of OKEA
experts/workers/foreigners. • Pros: Revival of the economy. • Cons: Unfair competition and possible corruption. 4 https://go.microsoft.com/fwlink/?linkid=2006808&clcid=0x409 SEC Classification : ใชภ้ายใน
subsidiaries, and share of profit from associated companies 5/ EBITDA from Natural Resources business of Nido Petroleum Limited, BCP Energy International Pte. Ltd. and BCP Innovation Pte. Ltd. As for the
Petroleum Limited 6/ EBITDA from BCP Energy International Pte, Ltd., BCP Innovation Pte. Ltd., and others The operating result of the first nine months of 2017, Bangchak Corporation Public Company Limited
vs. total revenue has increased significantly. The main factors behind this unwelcome trend was a jump in fuel (petroleum coke) prices, and increased manufacturing cost of machinery equipment. However
Nido Petroleum Limited, BCP Energy International Pte. Ltd. and BCP Innovation Pte. Ltd., and share of profit from associated companies 6/ Others items and elimination For 2018 performance, Bangchak