RPCG : Management Discussion and Analysis Quarter 3 Ending 30 Sep 2020

- Translation -

RPCG/HO-SET/0018/2020

November 12, 2020

Subject:	Management Discussion and Analysis for Q3/2020
Attention:	President
	The Stock Exchange of Thailand

RPCG Public Company Limited (the "Company") and its subsidiaries would like to report the financial performance for the third quarter of 2020, the Company has net profit 12 million Baht, increased by 31 million Baht, compared to the third quarter of 2019 net loss of 19 million Baht as follows:

In the third quarter of 2020, the Company's core revenue is retail sales of oil through Pure Thai Energy Co., Ltd. (PTEC) service station, which is the core company of the Company. The Sales revenue is 1,055 million Baht, increased by 45 million Baht or equivalent to a 4% compared to 1,010 million Baht from the third quarter 2019. However, cost of sales also increased accordingly to 966 million Baht, increased by 13 million Baht or equivalent to a 1% compare to 953 million Baht from the third quarter of 2019. This was due to the declining oil price from the previous year. It caused the impact of crude oil price by the epidemic of COVID-19. But the sales volume increased from the previous year.

The Company has selling and administrative expense in the third quarter of 2020 of 87 million, increased by 12 million Baht or 17% compared to 75 million Baht in the previous year. The incremental portion was mainly from higher in selling expenses, employee expense, rental of gas stations. In the third quarter of 2020 the Company was acknowledge the share of loss from investments in associated companies of 11 million Baht.

As ended at 30 September 2020, the Company has Total Assets of 4,482 million Baht, Total Liabilities of 2,791 million Baht and Shareholders' Equity of 1,691 million Baht.

Please be informed accordingly,

Sincerely Yours,

(Mrs.Supannee Tanchaisrinakorn)

Company Secretary

Investor relation / Office of Managing Director

Email: [e-mail]. [phone]