401.5 26.1 Other operating expenses 686.4 673.2 13.2 2.0 Bad debts, doubtful accounts and impairment loss 330.0 155.0 175.0 112.9 Income tax expenses 154.8 126.0 28.8 22.9 Profits before bad debts and

/(losses) and one-time extraordinary items. 5Operating Cash Flow is after changes in net working capital and cash tax, before maintenance capex. Indorama Ventures 1st Quarter 2020 MD&A 3 Business Segments

) (12.1) N.A.(

total revenue at 2.9%(y- o-y), then profit from operations before finances cost and taxes (EBIT) was amounted to Bt468.2 million, increasing by Bt18.9 million, or 4.2%(y-o-y). Representing operating

41.48% (%) 1.43 1.14 0.29% 1.41 0.99 0.42% 8. Expenses on management (million THB) 235.79 227.00 3.87% 119.56 135.84 (11.98%) (%) 9.43 9.18 0.25% 5.83 6.53 (0.70%) 9. Profit before interest and income tax

(Million THB) 985.92 870.45 13.27% 507.97 472.19 7.58% (%) 8.76 9.06 (0.30%) 5.58 6.06 (0.48%) 9. Profit before interest and income tax (Million THB) 1,745.37 1,361.85 28.16% 1,494.98 1,202.77 24.29

(3.6) Profits before bad debts and doubtful accounts, and income tax expenses 1,135.4 1,370.5 (17.2) 946.6 19.9 4,898.7 4,291.9 14.1 Profits before income tax expenses 1,062.5 920.5 15.4 886.6 19.8

expenses 28.14 38.38 25.37 35.37 2.77 10.93 Other expenses 0.03 0.04 1.61 2.24 (1.58) (98.08) Total expenses 47.42 64.67 47.98 66.88 (0.55) (1.16) Profit before finance cost and income tax expenses 25.90

. % Mio. % Mio. % Subsidiary Profit before Expenses 185.1 20.2% 241.1 26.0% 56.0 30.3% Selling Expenses 96.5 10.5% 107.6 11.6% 11.1 11.5% Administrative Expenses 65 7.1% 88.4 9.5% 23.4 36.0% EBIT 23.6 2.6

. Proposed Capital Injection CCET & PChome Online Inc. each inject Baht 33.75M & Baht 66.25M for a total amount Baht 100M Shareholding before injection 32.50% shareholding owned by CCET & 65.00% owned by