before the date of calculation, which the Company is currently not able to calculate. The Company shall be able to calculate the price and ratio of exercise of rights on first day that the ordinary share

Statement (“Registration Statement”), and the effective date of the Registration Statement; - Specify the investor warning as follows: “Before investing, investors must exercise their discretion in

(Unit: Million Baht) On acquisition date (March 30, 2017) Before the deposition date (November 30, 2017) Cash and cash equivalents 2.30 0.76 Trade and other receivables 19.61 11.32 Cost of real estate

) decided to maintain the Ft rate at -15.90 Sa-tang per unit with the original fixed rate of 3.76 Baht per unit, resulting in electricity charge of 3.5966 per unit (before VAT) for the period between May

) Profit before income tax 5,335.0 10.05 6,464.3 13.13 (1,129.3) (17.47) 5,686.2 12.13 (351.2) (6.18) Income tax expenses 208.6 0.39 1,535.5 3.12 (1,326.9) (86.42) 169.9 0.36 38.6 22.73 Net profit for the

Cash Flow is after change in net working capital and cash tax, before maintenance capex Indorama Ventures 2018 MD&A 3 FY 2018/4Q 2018 Performance Highlights  FY18 core EBITDA increased by 44% YoY to

and Services 10,088 80% 9,677 77% -411 -4% Gross Profit 2,546 20% 2,885 23% 339 13% Sale Promotion Income 511 4% 218 2% -293 -57% Other Revenues 92 1% 99 1% 7 7% Profit before Expenses 3,148 25% 3,201

Finance costs 2,146 1,407 538 2,293 1,593 557 2,353 1,786 549 3% 12% -1% 10% 27% 2% 6,435 3,867 1,643 6,928 4,774 1,649 8% 23% 0% Total Expenses 4,091 4,443 4,688 5% 15% 11,945 13,352 12% Profit before tax

) (80.51) 19.6 0.04 (17.8) (90.65) Profit before income tax 2,970.4 5.80 5,335.0 10.05 (2,364.6) (44.32) 6,464.3 13.13 (3,493.9) (54.05) Income tax expenses 18.8 0.04 208.6 0.39 (189.8) (91.00) 1,535.5 3.12

treatment systems 34.69 81.63 (57.50) Selling expenses 58.75 43.36 35.49 Administrative expenses - WIIK 55.63 53.03 4.90 - WW 41.87 20.35 105.75 Finance cost 42.25 34.20 23.54 Profit before income tax income