and 4.) other supporting factors, namely government spending to support the low-income citizens and other short-term stimulus packages, as well as private investments to support the increase in
natural hedge against short-term volatility in product margins. Core EBITDA margin has enhanced from 6.4% in 2013 to 11.4% in 2Q17 and this is targeted to fur- ther improve from the various strategic
deliver on its consistent strategy of diversifying its earning streams within its core areas of competence. As is evidenced in Figure 3, this strategy has played a key role in creating long-term value at
region for IVL is expected to remain strong due to Integrated PET margins with some margin off set due to short term weakness in the Olefins business. Table 2: Segment Results (New segment) Quarterly Last
Ventures 1st Quarter 2019 MD&A 6 The Americas region for IVL is expected to remain strong due to Integrated PET margins with some margin off set due to short term weakness in the Olefins business. Table 2
), Core EBITDA margin was 20% (-2% YoY: +1% QoQ). Operating rate of 80% ( 1Q19 76% ) The packaging segment accounted for 2% of total production and 5% of total core EBITDA. Seen from a short term time
the low-income citizens to stimulate near-term consumption. Meanwhile, internal and external factors that affect the Thai economy are the slowing global economy growth, the inconclusive trade war
investment in infrastructure 3.) growth in private consumption continues despite a lower rate of growth however, government subsidy to the low-income citizens could help stimulate near-term consumption
term has provided premium margins and low variability. The commodity segment represents ~60% of IVL’s EBITDA, at a significant 2 alpha to benchmark margins set in China, due to our global integrated