driven by lower industry-wide Integrated PET spreads. Going forward, management will focus on cost management initiatives, drive operational excellence, and working capital optimization in parallel with

N.A.(>100) N.A.(>100) - 2.2 N.A.(>100) Other income 1.8 0.9 3.0 233.3% 66.7% 26.9 176.9 557.6% Profit before expenses 420.8 388.3 505.9 30.3% 20.2% 1,144.6 1,607.3 40.4% Gain (loss) on forward contracts

next wave of growth in the Americas 2018 Corpus Christi (1/3 ownership in JV)  Significant step forward in IVL value- creating strategy underpinning strong growth momentum  Creates new and exciting

-2023 PET: 367 kta PTA: 433 kta Double digit ROCE 700-800 (till Dec’19: 381) Recycling projects PET recycling 2020-2023 ~600kta ROCE 12-14% 700-800 9 IVL Strategic Priorities Going Forward IVL remains

in Asia.  Going forward, structural changes taking place in Asia should benefit the industry as a whole. Lack of new announcements in capacity expansions and continued growth in demand is a positive

sectors, consumption and investment continued to recover, though not yet at broad-based level. Domestic consumption recovered in the durable goods section especially in the vehicles and service sector from

, consumption and investment continued to recover, though not yet at broad-based level. Domestic consumption recovered in the durable goods section especially in the vehicles and service sector from tourism

private consumption and private investment. Private consumption grew notably in durable goods segment (especially in vehicles) while growth in non-durable and semi-durable goods contracted partly from the

global economy. For domestic sector, private consumption and private investment also showed positive signs with private consumption recovering strongly in the durable goods segment (especially in vehicles

economy. For domestic sector, private consumption and private investment also showed positive signs with private consumption recovering strongly in the durable goods segment (especially in vehicles) and