mr. patiparnsukorndhaman •••• mr....

Mr. Patiparn Sukorndhaman ••••

Mr. YodphotWongrukmit ••••

Opportunity Day for 2008 performance • Apr 01, 2009

2

Disclaimer

The information contained herein is being furnished on a confidential basis for

discussion purposes only and only for the use of the recipient, and may be subject

to completion or amendment through the delivery of additional documentation.

Except as otherwise provided herein, this document does not constitute an offer to

sell or purchase any security or engage in any transaction. The information

contained herein has been obtained from sources that The Bangchak Petroleum

Public Company Limited (“BCP”) considers to be reliable; however, BCP makes no

representation as to, and accepts no responsibility or liability for, the accuracy or

completeness of the information contained herein. Any projections, valuations and

statistical analyses contained herein have been provided to assist the recipient in

the evaluation of the matters described herein; such projections, valuations and

analyses may be based on subjective assessments and assumptions and may

utilize one among alternative methodologies that produce differing results;

accordingly, such projections, valuations and statistical analyses are not to be

viewed as facts and should not be relied upon as an accurate representation of

future events. The recipient should make an independent evaluation and judgment

with respect to the matters contained herein.

3

Performance FY2008

Contents

Progress of Investment Projects

Other Events and Activities

What’s BCP moving on 2009?

Marketing Activities

4

Performance FYPerformance FY20082008

5

Factors effect to 2008 performance

•High middle distillate spread

•Capacity utilization increase

74.2 KBD (2008) / 66.3 KBD (2007)

• Fuel oil export market increase

133 ML/Mo (2008) / 99 ML/Mo (2007)

@ high GRM (~5.7 $/Bbl over MOPs)

•High marketing margin

•Market share increase

14.0% (2008) / 12.7% (2007)

•World oil price plunge

inventory loss & LCM

•Domestic demand drop

Favorable

Unfavorable

Singapore’s oil price movement

6(35)

(30)

(25)

(20)

(15)

(10)

(5)

-

J F M A M J J A S O N D

(10)

(5)

-

5

10

15

20

25

30

J F M A M J J A S O N D

-

20

40

60

80

100

120

140

160

J F M A M J J A S O N D

-

5

10

15

20

25

30

35

40

45

50

J F M A M J J A S O N D

USD/BblY2007

Y2008

Dubai 95/Dubai

GO/Dubai FO/Dubai

USD/Bbl USD/Bbl

USD/Bbl

AVG.FY07=68.41

AVG.FY07 =14.55

AVG.FY07=16.72

AVG.FY07 =(10.40)

AVG.FY08=93.46

AVG.FY08=9.12

AVG.FY08=25.98

AVG.FY08=(14.93)

7

Refinery : High GRM (excluded stock loss)

4Q08 4Q07 2008 2007

M.Baht $/BBL M.Baht $/BBL M.Baht $/BBL M.Baht $/BBL

Base GRM 1,608 6.36 989 4.68 6,152 6.79 3,049 3.63

GRM Hedging 136 0.54 (117) (0.55) (216) (0.25) 47 0.06

Inventory Gain/(Loss) (6,434) (25.45) 1,027 4.86 (4,138) (4.54) 1,803 2.16

Write Down (LCM) 8 0.03 - - (942) (1.03) 54 0.06

Total GRM (4,682) (18.52) 1,899 8.98 856 0.96 4,953 5.91

Other Income 12 0.05 9 0.04 43 0.05 128 0.15

Operating Expenses (449) (1.78) (401) (1.90) (1,560) (1.71) (1,313) (1.56)

EBITDA (5,119) (20.25) 1,507 7.13 (661) (0.71) 3,768 4.50

Adjusted EBITDA 1,307 5.17 480 2.27 4,419 4.87 1,911 2.28

Key factors

Crude Run (KBD) 78.3 67.5 74.2 66.3

Exchange rate (�/$) 35.11 34.04 33.53 34.68

DB ($/Bbl) 52.64 83.39 93.46 68.41

95/DB ($/Bbl) 3.84 12.66 9.12 14.55

GO/DB ($/Bbl) 17.77 19.51 25.98 16.72

FO/DB ($/Bbl) (7.60) (9.99) (14.93) (10.40)

40

50

60

70

80

90

100

2007 2008 1Q08 2Q08 3Q08 4Q08

66.3

74.2

59.6

83.6

74.378.26

0

50

100

150

2007 2008 1Q08 2Q08 3Q08 4Q08

99

133

116

145139

132

0

2

4

6

8

2007 2008 1Q08 2Q08 3Q08 4Q08

3.69

6.54

5.66

7.97

5.36

6.9

8

Refinery : Best performance ever

Crude Intake (KBD)

*

* Annual plant turnaround & PQI tie-in 45 days

GRM* ($/Bbl)

FO Export Sale (ML/Mo)

* Included hedging, without inventory impact

2008 Total GRM ($/Bbl)

+6.79

-0.25

-5.57

•wide positive spread (GO,IK)•High premium fuel oil export • Lower crude procurement cost

• 23% Hedged position (GO,IK,FO)

• Inventory loss (realized) • LCM (unrealized)

9

Volatile marketing marginSpread Gas oil ($/Bbl)

HSD

Marketing Margin (Bt./L)

Year 2008 Year 2007

Spread UNL95 ($/Bbl)

ULR91 Marketing Margin (Bt./L)

Year 2008 Year 2007Diesel Gasoline

-5

-4

-3

-2

-1

0

1

2

3

4

5

-

5

10

15

20

25

30

35

40

45

50

J F M A M J J A S O N D

-2

-1

0

1

2

3

4

5

-10

-5

0

5

10

15

20

25

30

J F M A M J J A S O N D

10

Marketing : Superior performance

4Q08 4Q07 2008 2007

M.Baht St./L M.Baht St./L M.Baht St./L M.Baht St./L

Retail Margin 1,101 197 (34) (6) 1,493 65 509 24

Industrial Margin 130 57 66 34 354 43 274 32

Total MKM 1,231 176 32 4 1,847 60 783 26

Other Income 175 25 166 22 711 23 615 20

Operating Expenses (405) (58) (407) (54) (1,367) (44) (1,189) (40)

EBITDA 1,001 143 (209) (27) 1,191 38 209 7

Sale Volume KBD ML/Mo KBD ML/Mo KBD ML/Mo KBD ML/Mo

o Retail 38.3 187 38.8 189 39.2 190 36.9 179

o Industrial 15.7 76 13.2 64 14.0 68 14.8 72

Total Sale Volume 53.9 263 52.0 254 53.2 258 51.7 250

11

Increased BCP’s market share

5.8% 5.7%

-8.5% -7.6%

-1.2%

17.8%20.5%

-1.6% -2.2%

8.4%

(10%)

(5%)0%

5%

10%

15%

20%25% 1 Q 2 Q 3 Q 4 Q F YM a r k e t B C P

12.3%

-11.0% -10.5%

8.4%

-12.7%-10.8%

(15%)

(10%)

(5%)

0%

5%

10%

15%

PTT SHELL ESSO BCP CALTEX JET

Source : DOEB Service Station

BCP’s 2008 retail growth beated market (YoY)

-1.2% Retail market Growth through service station

Domestic retail market growth compared by brand (YoY)

4Q08 4Q07 2008 2007ML/Mo Mkt Share ML/Mo Mkt Share ML/Mo Mkt Share ML/Mo Mkt Share

PTT 470.1 35.6% 470.9 33.0% 500.7 37.0% 446.0 32.6%

SHELL 197.1 14.9% 224.8 15.7% 194.7 14.4% 218.8 16.0%

ESSO 216.6 16.4% 236.8 16.6% 212.1 15.7% 237.1 17.3%

BCP 184.4 14.0% 188.6 13.2% 189.2 14.0% 174.5 12.7%

CALTEX 89.7 6.8% 127.5 8.9% 100.8 7.4% 115.5 8.4%

JET 92.7 7.0% 92.1 6.4% 81.9 6.1% 91.8 6.7%

OTHERS 69.8 5.3% 88.2 6.2% 74.3 5.5% 85.8 6.3%

TOTAL 1,320.4 1,428.9 1,353.7 1,369.5

1

3

2

4

1

2

4

3

1

3

2

4

1

3

2

4

12

Total corporate performance for 2008

* Net refinance expense 243 MB

(Unit : Million Baht)4Q08 4Q07 ���� Change% 2008 2007 ���� Change%

EBITDA (4,118) 1,298 -417.3% 530 3,977 -86.7%Refinery (5,119) 1,507 (661) 3,768Marketing 1,001 (209) 1,191 209

Depreciation & Amortization (217) (204) (840) (819)

FX-Other Gain (Loss) 19 (21) 44 (75)

Impairment Adjustment (16) (41) 15 (40)

Net Interest Expense (147) (121) (794) (462)

Pre-tax Profit (4,479) 911 -591.7% (1,045) 2,581 -140.5%

Tax 1,350 (507) 356 (890)

Net Profit (3,129) 404 -874.5% (689) 1,691 -140.7%

Inventory Gain/(Loss) (6,426) 1,027 -725.7% (5,080) 1,857 -373.6%

Adjusted EBITDA 2,275 270 741.3% 5,610 2,120 164.6%

Refinery 1,307 480 4,419 1,911

Marketing 1,001 (209) 1,191 209

*

13

Progress of Progress of Investment ProjectsInvestment Projects

14

PQI project

Investment Cost : USD 378 million

Product Quality Improvement (PQI) : Investing in “Hydrocracking Unit”and other supporting units

Capacity : 25 KBD Hydrocracking Unit

Progress :Commissioning period

F u e l O i l, 3 3 %L P G, 3 %J e t F u e l, 1 1 %UL G, 1 8 %D i e s e l, 3 5 % F u e l O i l, 9 %L P G, 5 %J e t F u e l, 9 %U L G, 2 5 %D i e s e l, 5 2 %CurrentSimple Refinery

AfterPQI Completion

15

PQI project

LPG

Mogas

IK/Jet

Diesel

Fuel OilFuel OilVDUVDU

HCUHCUHydroHydro--cracking Unitcracking Unit

Vacuum Distillation UnitVacuum Distillation Unit

HPUHPUHydrogen PlantHydrogen Plant

Vacuum Gas Oil

Mogas

Hydrogen

Diesel

33%

9%

24%17%

7%

Simplify Block flow diagram

Scheduled for the rest

April 09Performance

Test

14 May 09Inauguration

35%

11%

18%

3%

Note : ∑∑∑∑ Mogas = 25% ∑∑∑∑ Diesel = 52%

16

Co-generation plant & NG

Invested by : PTT (BOT : Build, Operate and Transfer to BCP after 25 Yrs)

Project : Co-generation Power Plant

Capacity • Electricity : 19.7 MW • Steam : 90 Ton/Hour

Progress : 76.05% (Feb’09)

Expected Completion : Jun’09

Investment Cost : Baht 105 million

Project : Natural Gas (NG)

Progress : 88% (Feb’09)

Expected Completion : Jul’09

17

Bio diesel (B100) plant

Investment Cost : Baht 1,018 million

Bio Diesel (B100) : Produce B100

Capacity : 300,000 litters per day

Progress :49.5% (Feb’09)

Construction Period : Apr08 - Jun09

18

Marketing ActivitiesMarketing Activities

������������� ������������� ������ + �����

AVG. YTD (.�.- �.�.)

������ (�!����"#/��%��) ��&�'�����#"���(%)

2551 2550 2551 2550

)"�. 642.3 601.0 +6.9% 31.3 27.8 +3.5

����* 285.4 297.6 -4.1% 13.9 13.8 +0.1

���+�� 318.9 327.0 -2.5% 15.5 15.1 +0.4

���,�� 207.0 189.8 +9.1% 10.1 8.8 +1.3

�����-��* 252.6 263.9 -4.3% 12.3 12.2 +0.1

�,-� 81.9 91.8 -10.7% 4.0 4.2 -0.3

).+"#��� 28.2 31.7 -11.1% 1.4 1.5 -0.1

�%/�0 238.0 359.0 -33.7% 11.6 16.6 -5.0

#&����#�1� 2,054.4 2,161.7 -5.0% 100.0 100.019����� : ���� ��!"#$%&&�' ��(��)&#$%&&�'

5

132

4

������������� ����2����#���# ������ + �����

AVG. YTD (.�.- �.�.)

������ (�!����"#/��%��) ��&�'�����#"���(%)

2551 2550 2551 2550

)"�. 500.7 446.0 +12.3% 37.0 32.6 +4.4

����* 194.7 218.8 -11.0% 14.4 16.0 -1.6

���+�� 212.1 237.1 -10.5% 15.7 17.3 -1.6

���,�� 189.2 174.5 +8.4% 14.0 12.7 +1.2

�����-��* 100.8 115.5 -12.7% 7.4 8.4 -1.0

�,-� 81.9 91.8 -10.7% 6.1 6.7 -0.6

).+"#��� 26.1 28.2 -7.6% 1.9 2.1 -0.2

�%/�0 48.1 57.8 -16.8% 3.6 4.2 -0.6

#&����#�1� 1,353.7 1,369.5 -1.2% 100.0 100.020����� : ���� ��!"#$%&&�' ��(��)&#$%&&�'

4

132

5

������������� ����2����#���# '�3�+�4��*

AVG. YTD (.�.- �.�.)

������ (�!����"#/��%��) ��&�'�����#"���(%)

2551 2550 2551 2550

)"�. 90.3 49.2 +83.4% 35.6 34.7 +0.8

����* 38.7 24.2 +59.8% 15.3 17.1 -1.8

���+�� 32.0 16.0 +99.2% 12.6 11.3 +1.3

���,�� 45.8 31.2 +46.6% 18.0 22.0 -4.0

�����-��* 17.5 9.3 +89.5% 6.9 6.5 +0.4

�,-� 20.2 7.6 +164.9% 8.0 5.4 +2.6

).+"#��� 5.6 2.4 +130.7% 2.2 1.7 +0.5

�%/�0 3.7 1.7 +117.7% 1.4 1.2 +0.2

#&����#�1� 253.8 141.7 +79.1% 100.0 100.021����� : ���� ��!"#$%&&�' ��(��)&#$%&&�'

2

134

*�!��+���",�-'.�/ E20 1.�'23�'�4�!��� 5��/4",�')'�3/'6754'8!'9-�.2(2�

22

$:�'$!6�/5<=>' ",�')'�3/'67 (#%'@%')

20092008

/><B�/'C,��%'921.�'23�'�4�!��� 4� 5

AVG. YTD (.�.- �.�.)

������ (�!����"#/��%��) ��&�'�����#"���(%)

2551 2550 2551 2550

)"�. 60.3 8.6 +599% 35.8 23.2 +12.6

����* 28.6 17.0 +17.0

���+�� 9.6 5.7 +5.7

���,�� 63.0 28.6 +120% 37.4 76.8 -39.4

�����-��* 3.1 1.8 +1.8

�,-� 1.4 0.8 0.0 +0.8

).+"#��� 0.3 0.2 +0.2

�%/�0 2.2 1.3 +1.3

#&����#�1� 168.5 37.2 +352.4% 100.0 100.0

23����� : ���� ��!"#$%&&�' ��(��)&#$%&&�'

1

23

RM HIGHLIGHT 2008

20082007 2008

AVG. AVG.

���1$%�<%'���",�-'.�/#$%&&�'�<D�'

GSH POOL

ULG POOL

2%<2.)'���",�-'.�/D�E2F8G>$75#!��BHC'"�� 49% 5*I' 66.1% B>&*�!��+���",�-'.�/ MOGAS �)�

24

25

RM HIGHLIGHT 2008

20082007 2008

2%<2.)'���",�-'.�/B5 5#!��BHC'"�� 25% 5*I' 51% B>&*�!��+���",�-'.�/ <�58$ �)�

Power D B2

Power D B5

���1$%�<%'���",�-'.�/#$%&&�'�<D�'

75%

49%

25%

51%

AVG. AVG.

57% 59% 55% 51% 46% 44% 44% 46% 47% 46% 46% 44%

43% 41% 45% 49% 54% 56% 56% 54% 53% 54% 54% 56%

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

26

D1'���B/�/���",�-'.�/B>&6$�<4�&"�� *N 2552 �>&�%4F@�&��� PQI

$:�'$!6�/5<=>'

#%R'�@)��'!/�9'D4�'<7 S4�&"��T F<//��(<%4U�#$%�V+7 D$(&�'4�!���

• 2�:�&$W�@:�*�(",�1.�' GSH Club• 2�:�&@)��5]=�>�%�'D�E2F8G>$71.�' �!"�������6$�<

• 2.&52�!����B�/ Power D B5• B/�/].>&��&B�/2.& D$( 2.&>>�b*/%&*�(5�c5#=�>'4:�'

• B/�/d�'���",�-'.�/$W�@:� ���4!'b�/• -�].>&��&B/�/b*2W.$W�@:� �$ .�2�/���4!'

• B/�/���",�-'.�/'C,��%'56� C Plus 9'�$ .�$W�@:�F�&&�' > 62�-����• <,�5'!'F@�&��� CRM (BCP Privilege Club) >/.�&

6.>5'=�>&

5#!��/><���",�-'.�/"�� 256 $:�'$!6�/5<=>' 5*I' 297 $:�'$!6�/5<=>' 5#!��BHC' 16%

27

Fast Service… Fast Service… Fast Service… Fast Service…

F@�&��� Fast Service 56!�'C,��%'�%'9"9' 3 '���

B/�/"��*n"" 4%' 55 D-.& 5*I' 200 D-.& 9'*N 2552

28

)#5�&�+�#���# 6)78��9:�; )���:� �����!�#���#<

*�(5U���&)%$ �)�

5-��/o�>& 84 17 12 4 0 6 0 1 0 124

5-��/o5&!' 99 38 34 24 8 4 0 0 1 208

5-��/o�>&D<& 7 12 6 8 4 0 1 0 0 38

�)� 190 67 52 36 12 10 1 1 1 370

",�')'*np����2.&*�(�)< (D-.&) 426 158 218 112 28 37 3 3 19 1,004

@!<5*I' % ����%4��&)%$ 44.60% 42.41% 23.85% 32.14% 42.86% 27.03% 33.33% 33.33% 5.26% 36.85%

",�')'D-.&

*N 2008 23�'�4�!���'C,��%'4�&"��b<:�%4��&)%$ S*np�@ +U�# *$><U%/ '.�9]:4�!���T "������ ��!"#$%&&�' �)� 67 D-.& 8H�&b<:�%4��&)%$5-��/o�>&���5*I'>%'<%4 2

29

)78���,��=�!#�#��&� ")78��9:�; )���:� �����!�#���#"

30

4�&"�� "%<��/���2.&52�!����B�/

5�=�>56!�'C,��%'@�4 600 4�� �%4q��

$W�-/��)' b�.��5�$r< 6%C&D6. 1-28 �.#. 52

+ *np�4�&"��9'5B6 ���. D$(*�!�+s$

����!����������#���#���

31

32

BCP GASOHOL CLUB CRMBCP GASOHOL CLUB CRMBCP GASOHOL CLUB CRMBCP GASOHOL CLUB CRM

33

Other

Food

Promo

Movies

RM HIGHLIGHT 2008

/><",�-'.�/'C,��%'1.�'4%6�4�&"��D�E2F8G>$7 5w$��/6.>5<=>'@$%4*N 2008/%&@&5#!��BHC'*�(��+ 34.15%

4�&"��D�E2F8G>$7@$%4

4.30

5.30

6.30

7.30

8.30

9.30

10.30

�.�. .�. ��.�. ��.�. �.�. ��.�. .�. �.�. .�. �.�. �.�. �.�.

���������������� �!��"�� GSH CLUB +, 2007 . 2008 (���0� ; ML/MO)

*N 51 5w$��/ 7.96 ML/MO

*N 50 5w$��/ 5.94 ML/MO

33

�!"����2%�#%'�74�&"��D�E2F8G>$7@$%4

#����#�����#���#��� ���,��'�3�+�4��*���

4�&"��D�E2F8G>$7@$%4 �.)�>!��4 o �.)��.>&5���/)y

36

4%6�4�&"��D�E2F8G>$7@$%4 �.)�4�!"�@5&!'

�W$'!�!@ :�@�>&5<r� ",�')' 176,477 4�� �W$'!�!�����%�V7 ",�')' 129,384 4�� �W$'!�!D#�/7]'4� ",�')' 101,761 4�� �W$'!�!'�5&=>� ",�')' 25,898 4�� �)� �%C&2!C'5*I'5&!' 433,520 4��

�).�)78 E85

39

���,��'�3�+�4��*

Power D BPower D BPower D BPower D B5 5 5 5 Marketing ActivitiesMarketing ActivitiesMarketing ActivitiesMarketing Activities

F*256>�7B:>�W$#$%&&�'�<D�'

�� ���������������� �� B5 EURO 4

D"�D1.'#%4 #�:>�@W*>& 56!�'C,��%'q�� 30 4�� ].)& 26, 27 D$( 29 �./. ��� <.�'$�<��(4%&B�>>� <.�'�%4]:�&B�5B:� D$( &�' AUTO SHOW ��� Ayutthaya Park

Leaflet Leaflet 5#�5)>�7 <�5#�5)>�7 <� BB5 5 EURO EURO 44

Leaflet Leaflet 5#�5)>�7 <�5#�5)>�7 <� BB5 5 EURO EURO 44

��/���2.&52�!����B�/ 5#�5)>�7<� B5

44

��/���2.&52�!����B�/ 5#�5)>�7<� B5 �.)��%4 ISUZU D-MAX

45

BCP NON OIL ActivitiesBCP NON OIL ActivitiesBCP NON OIL ActivitiesBCP NON OIL Activities

28 58

2 3

1 5

13 17

51

5-'=>>!2�'

'@�-$)&

96:

�$�&

*N 50 *n"" 4%'

" B/�/2�B�5#!��BHC'"��*N �50 ",�')' 9 2�B� 5*I' 58 2�B� + *n"" 4%'"��5*��-��/2!C'*N �52 ",�')' 95 2�B�

B/�/2�B��:�'��Dq>!'�'!$ �%�)*�(5�c

46

#!����'?�������

��/���2.&52�!����B�/ �:�'��Dq>!'�'!$

“Cool Andaman

�%4-':��:>' 5�!��B�/ 10 5�V�/' 2552”

49

6th Thailand Asean Coffee & Tea 2009

* �%4��&)%$2�B�1W:*�(�>4���� ��!"Dq�'b]27��Dq<�5<.'

B/�/2�B� Green Series

2

37

43

4

4

22

112

0 20 40 60 80 100 120

G r e e n A u t o S e r v i c eG r e e n S e r v eG r e e n W a s hG r e e n W a s h A u t o C a r eG r e e n W a s h E xG r e e n T y r e E xT o t a lTOTAL

50

5*$��/''C,��%'5@�=�>&#�:>�b2:��>&

- ��@� 5@�=�>&/'6754'8!' 449 4��

- ��@� 5@�=�>&/'67<�58$ 649 4��

- 6�)"5]r@ 11 ��/��� q��

F@�&��� 449/649 5*$��/''C,��%'5@�=�>&#�:>�b2:��>&

Check & Sure �%4 Green Serve 30 '���

#����#�����#� "Green Serve" �#�)78� #�?#�!

��/���2.&52�!����B�/ Green Serve@�4*np� �%4q�� 5�!��6%C&D6.)%''�C � 28 �.#. 52

�#5�#&�;������).�+�#���#���#���,�M&�)#5M��;�����+�#���#5�#&�;������).�+�#���#���#���,�M&�)#5M��;�����+�#��

#!��5*�<��� �.2 �'��� )%'��� 16 ��.@. 52

+�#���#"#&,#2������! )���:�'����� +�#���#"#&,#2������! )���:�'����� ((���#��"*���#��"*))

15 ��.@. � 30 5�./.524�!V%� 4�&"��y "%<�!"���� S6�)"�3�.>'9]: *$><U%/D'.'>'T�.)��%4������B'2.&��&4� 9-:4�!���6�)"5]r@2U�#�3/'67q�� 11 ��/���].)&5�c��$2&���'67

+�#���#"#&,#2������! )���:�'����� +�#���#"#&,#2������! )���:�'����� ((���#��"*���#��"*))

57

What’s BCP moving on What’s BCP moving on 20092009??

MNPQRSTUVWVXYUZPP[\ ][\MPSP^_R`SabcUdd\Pecf^_R`SagiMPjkidVlkmR\docgiQeVPV\d^_R`SaVlk MNP^RRpiX\dXUk dXjPplm[ \Pq`gimSkder]cipecfmUdspt]Xpl`\RaU]`\RVlkVUPmpUXecfpl^RRp\uSQ\c]rXQ_sc\`RVlkplsr\pRvsr\pm\p\Rwmvd

A Thai leading Energy Company that operates on good governance principles with keen concerns to social and environmental aspects for Thailand and beyond.

The company has proved to generate continuous profit sharing through its strong and modern management, high qualified and experienced human resources.

Greenergy Excellence

p_dmR\dmRRs _R`SaiX\dMNPpSgRgimSkder]cip Mbjki`\RbUzP\iX\dXUkdXjP

Statement of Vision:“|UQMscjkiP^_R`SabcUdd\Pecf^_R`SagiMPjkid t]Xp_dMPP`\RocSgecf

`\Rgc\]Vlk}m}agioc`RfVQ]\PmSkder]cip ecfMNPNRftXYPgimUdsp MbjkimR\dsr\ppUkPsd MgSQtge`ids`R”

From old version, now we have changed toFrom old version, now we have changed to

New VISION

58

Value Statement

59

Beyond Expectation

Continuing Development

Pursuing Sustainability

HIKLMNHOPROSTU

VWNKVWWLZH[\I]RT^K

L_NR`Ka`KLMNH\b^K\cR

60

What’s moving on 2009?

• Turn to be a complex refinery (PQI start up 2Q09)

• Plant utilization increasing• Lower cost of production by utilizing CO-Gen & NG

• FO export term:spot (50:50)• PTT off-take agreement• 40% hedged position ensure GRM and performance for 09

• Preparing for NCI Rating

Refinery Bus.

Marketing Bus.

FinancialPosition

Resources

• Pushing sale promotion of renewable energy

• Gas station rebranding• Promotion cooperative station• Market expansion to new territory

• Collection enhancement- Trade credit insurance- Dealer financing- Direct Debit

• Liquidity is king• Applying more financial tools for enhancing efficiency

• Analyzing stock liquidity problem

• Providing funding for project investment

• Enhancing corporate rating through PQI completion

• Developing employee competency

• Employee engagement program

• Developing technology for serving “work anywhere anytime”

• Corporate rebranding

61

What’s moving on 2009? (cont’d)

-

2

4

6

8

10

12

-

2,000

4,000

6,000

8,000

10,000

12,000

2003

2004

2005

2006

2007

2008

2009F

USD/bblTHB mil

Adjusted EBITDA

GRM

Note: Performance is based on excluding inventory effect

(left-hand)

(right-hand)

Assumption: DB 55 $/Bbl, GO/DB 15.5 $/Bbl, FO/DB -12.0 $/Bbl,hedged 40% of crude run level

62

Other Event & ActivitiesOther Event & Activities

63

CSR

1. ]W.eRIVWf gVKRT^HRMS hWWHhNWijkb]hNWl[m nWeHij oWT[NWgSpnRbhKNR oWTqbr o NKkNhPtuWOSv\H k_Nhb] (H[NwR) WMHhboV_NRbhKNROxunWptxRK wIHwRWeotWKhSb^RRy_NHbRoNKkNhkb]hTkhWWHo_NOnzmPWpt\wR]M\hNWrNVvVpnNR[RNtWKOWv\RnjRVTR aRRVIxIHMTr 64 ORc^eKlRtehNVMbRneg[KwNuT

2. RN\gnr\ MWWfWbuR wNmRIhjS Wb hqNh NWWb{HRuWvMNhNWhWprWMKnSbKKNR HeoiN[HhbR[RNMxeKo WTqbr o NKkNhPtuWOSv\H k_ Nhb] (H[NwR) k_NRMR 2,000 icR l[ghijPWpVo|b\kNhV|NneNhNUrv^[RNMO\zR f eKLhNWoWT[NWVMRu_NoS[ReKVWMK e_NO|exNHrpOSVe kbK[Mb]RLWWNwVvHN OHc^erv^ 10 }bRMNLH 2551 rv^iNRHN

1

2

64

CSR

65

Rewards

oWTqbr oNKkNhPtuWOSv\H k_Nhb] (H[NwR) Z]WboloWboWeKWpooHNuW{NR ISO/TS 16949:2002 �KOPRWpooHNuW{NRhNWkb]hNWLIf|NnlReIuVN[hWWH\NR\Rurv^Z]WbohNW\eHWbolRWp]boVNhS V_N[WboiSTu|bf�Ry_NHbR[SeSc^ROPRWN\gWhxeKPWpOrUZr\ t]\Hv \e]nkR MKUWbhHTuW ijwM\hWWHhNWijkb]hNWl[m WboHeokNh |jWv Mb�RUbnr ijkb]hNWrb^MZP oWTqbr \jZROuz] WvkTVuWN ee� �TVOrzHV (PWpOrUZr\) k_Nhb] (URS)

66

Rewards

67

Rewards

nSOeh}Mbw OhqWebKhjW PWp}NRhWWHhNW nWeHLfpijoWT[NW oWTqbr oNKkNhPtuWOSv\H k_Nhb] (H[NwR) Wb o W N KMb SW N\ KNRoW Wqbr|To NS]v O] R (Top Corporate Governance Report Awards) WNKMbSoWTqbrk]rpOov\R]vO]R]NRRbhSKrIRVbHnbR} (IR Excellence Awards) gSp WNKMbSoWTqbrk]rpOov\R]vO]R]NR CSR (Corporate Social Responsibilities Awards) kNhKNR SET AWARDS 2008 �Kkb]t]\uSN][SbhrWbn\g[KPWpOrUZr\gSpMNWVNWhNWOKTR}RNLNW f We\bSnNWNheR �eSS wbyR 5 V\NHnNWNheR OHc^eMbRrv^ 21 n.\. 2551

68

Rewards

RN\eNRbRr PR\NWwIR e]vuRN\hWb{HRuWv HeoWNKMbSwRpOSTU ASEAN Business Awards 2008 lRVNxNLMNHWboiT]weoueVbKLHgSpVT^KgM]SeH [Wce Corporate Social Responsibility V_N[Wbo}IWhTkxRN]l[mlRhSIHPWpOrUeNO�v\R gh]W.eRIVWf gVKRT^HRMS hWWHhNWijkb]hNWl[m oWTqbr oNKkNhPtuWOSv\H k_Nhb] (H[NwR) t]\Lb]OScehkNhoWTqbrrv^]_NORTR}IWhTke\NKt]]O]RgSpPWpVoLMNHV_NOWzklR]NRuNK� VKiSuehNWOkWTmOuToturNKOUWq{hTkxeKeNO�v\R |N\luhNW]_NORTRhNWxeK The ASEAN Business Advisory Council WMHhbo V|N[ehNWLNZr\ V|NeIuVN[hWWHg[KPWpOrUZr\gSpVHNLH}RNLNWZr\ f [eKghWR] oeSSjH tWKgWHnSN�Nger}TRv hWIKOrn� OHc^eOWzM�Rvy OHc^eMbRrv^ 27 h.n. 2552

69

For more information;For more information;

www.bangchak.co.th www.bangchak.co.th clickclick Investor RelationInvestor Relation Email : ir@bangchak.co.th Tel. Email : ir@bangchak.co.th Tel. 0202--33545833354583