received the Thailand Sustainability Investment (THSI) award or sustainability stocks 2019 for the second consecutive year. The two awards are given by the SET to listed companies with business models based

EBITDA/t (US$/t)) 122 107 91 34% 105 86 22% Net Operating Debt to Equity 0.57 0.84 0.91 (37)% 0.57 0.91 (37)% Note: (1) Consolidated financials are based upon elimination of intra-company (or intra

, an increase of 3.3% from 31 December 2017, consisting of the equity attributed to owners of the parent of THB 4,971 million, and the non- controlling interest of THB 1,107 million. Cash Flows As of 31

income (550) (277) - - (550) (277) (273) (99%) Net Profit (Loss) 9,888 7,365 122 117 10,010 7,482 2,528 34% Page 18 4. Cash Flow Analysis As of September 30, 2017 cash and cash equivalents were 7,457

million which is a non- cash accretion cost from a discounting of long- term construction payables of solar project in Vietnam based on a requirement of accounting standards; • Unrealized gain or loss on

contractual cash flow characteristics of the instruments. 2 FY20 MD&A Advanced Info Service Plc. TFRS 16: Lease (replacing TAS17: Operating lease and Finance lease) On 1 January 2020, operating leases were

PowerPoint Presentation THE INNOVATIVE POWER FLAGSHIP OF PTT GROUP MANAGEMENT DISCUSSION & ANALYSIS MD&A Q1/2020 PAGE 1 MANAGEMENT DISCUSSION & ANALYSIS (MD&A) Q1/2020 After fully completed the acquisition of Glow Energy Public Company Limited (“GLOW”) in December 2019, the Company holds 99.83 percent of GLOW's total issued and sold shares, therefore in Q1/2020, the company recognizes the full operating results from GLOW, together with the investment projects and projects that have been opened f...

. The rating reflects the company’s position as the second largest private power producer in Thailand, highly predictable cash flow from i ts long-term power purchase agreements (PPA) with the Electricity

$819 million, up 33% YoY  Earnings Per Share of THB 4.61, +16% YoY  Operating Cash Flow of $1.0 billion  2019 Earnings Guidance reaffirmed Indorama Ventures 2018 MD&A 2 2018 Summary Financials Table 1

as the potential synergies of CCPH and the Company. 10 The value of consideration is based on the equal weighting (50%) of Discounted cash flow (“DCF”) and Guideline public company method (“GPCM”) in