measurable advertising. This places the Company in a favourable position to offer optimal solutions to our customers as well as continuing to capture market share in the OOH and Online/Digital media. Our 9

) 25.6% 18.2% 22.3% 6 MD&A 2Q 2018 (ended 30 June 2018) MASTER AD PLC MANAGEMENT DISCUSSION & ANALYSIS 2Q 2018 6 AUG 2018 FINANCIAL POSITION (THB mn) In this quarter, there were 3 significant changes in

financial position 4. Analysis of the consolidated cash flow 5. Future operating trends Summary of the Company's operating results In 2Q2020, particularly in April, was the peak of the Coronavirus pandemic

the explanation and analysis of financial position and operating result 3.3.1 Summary of financial statements during the past 3 years and the latest quarter ended March 31, 2018 (a) Statement of

achieve Asset Full Potential. Indorama Ventures 1st Quarter 2020 MD&A 2 We took quick and decisive actions to align our production volumes in sync with demand for most of our products (such as hygiene

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