and its agenda before the meeting date via the Company website www.eforl-aim.com. Please be informed accordingly. Yours sincerely (Mr. Preecha Nuntnarumit) Chief Executive Officer Information Memorandum

0.4% Expected credit losses 13,238 5,087 - 160.2% N/A 18,325 - N/A Impairment loss of loans and debt securities - - 5,549 - N/A - 10,627 N/A Operating profit before tax 4,021 9,930 11,512 (59.5)% (65.1

securities 5,381 5,549 5,346 (3.0)% 0.7% 16,009 19,200 (16.6)% Operating profit before tax 12,179 11,512 11,353 5.8% 7.3% 35,039 34,306 2.1% Income tax expenses 2,639 2,065 2,224 27.8% 18.7% 6,929 6,787 2.1

waste water created from the power plant using biomass energy According to the studies of the possibility in the investment before deciding to invest, the Company received the information that, in general

(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