option/Put option The issuer has the right to redeem the debentures before maturity Credit rating of debentures -None- Lead managers Ktb Securities (Thailand) Public Co., Ltd. 2 Debenture Holders

the Company’s connected transactions in the past 6 months before the Company entered into 2016 Receiving Financial Assistance Transaction, the total value of Connected Transaction is 3.41 percent of NTA

Connected Transaction. * if include the other connected party transaction during the past 6 months before entering into the amendment of credit facility agreement, the total transaction size is Baht 141.81

Inventory gains/(losses) 4Core Net Profit is Reported Net Profit less Inventory gains/(losses) one-time extraordinary items 5Operating Cash Flow is after change in net working capital and cash tax, before

tax, before maintenance capex Indorama Ventures 1st Quarter 2019 MD&A 3 Summary In 1Q19, IVL achieved an aggregate production of 3 million tons, with operating rate of 85%. Our core EBITDA was $304

. For Q1 2018, we have booked one-time expenses related to reinstatement of the offices before we returned our former offices to the landlords. Net profit after Tax The net profit after tax closed at

change in net working capital and cash tax, before maintenance capex Indorama Ventures 2nd Quarter 2019 MD&A 3 Summary 2Q19 results IVL’s performance for the first half and ongoing progress give us the

baht, respectively, increasing by 129.72 million baht or 39.17 percent compared to the year. Before Caused by increased revenue Therefore increasing the cost of service and because Euroasia Total

they include revenues (before deducting discounts and commissions) from scheduled flights, net interline revenues from flights operated by other airlines and marketed by it on a code-share basis

cost ofit before inco come tax expen t profit attribu wners of the Co , 2019 : Clarifica : The Dire olidated net p n with net pr 1,350.23% a of Baht 158.1 y of the comp ng results of m sales and venues