March 31, 2020 To The President The Stock Exchange of Thailand Management’s Discussion and Analysis Consolidated Financial Statements For three months ended March 31, 2020 Overall Group Performance Table
Table 1: Overall Financial Performance Unit: million baht Jan-Sep 2018 % Jan-Sep 2019 % Change % YoY Revenue 380.50 100.0% 440.78 100.0% 60.28 15.8% Cost 217.33 57.1% 238.03 54.0% 20.70 9.5% Gross Profit
quarter 3/2017 of 55 MB, decreased from quarter 3/2016 which was 204 MB, and net profit for the period of 9M/2017 270 MB, decreased from 9M/2016 which was 795 MB. Table 1 : Performance Summary Table 2
expect the improvement after the pandemic of COVID-19 ends. Table 1 : Sales Revenue by Product Line for the Three Months ended 31 March (3M YoY) Sales by geography Consolidated financial statements Change
$819 million, up 33% YoY Earnings Per Share of THB 4.61, +16% YoY Operating Cash Flow of $1.0 billion 2019 Earnings Guidance reaffirmed Indorama Ventures 2018 MD&A 2 2018 Summary Financials Table 1
performance as of April 21, 2020 of the company and its subsidiaries was changed accordingly. Table: Operating Results (Unit: Million Baht) Items Quarter Variance 1/2020 1/2019 Amount (%YoY) Interest income
was at Baht 0.039 per share. Table: Operating Results (Unit: Million Baht) Items Quarter Variance Quarter Variance 1/2021 4/2020 Amount (%QoQ) 1/2020 Amount (%YoY) Interest income 1,847.5 1,867.1 (19.6
sold resulting in higher income mentioned in operating results table shown above. 2. Selling expenses, in the period of the first quarter of 2019, accumulated amount of 611.6 million baht, or 17.7% from
749.4 million baht, or 163.1%, compared on the same period from last year. Which was in line with the increase of units sold resulting in higher income mentioned in operating results table. 2. Selling
increase of 2,263.0 million baht, or 208.5%, compared on the same period from last year. Which was in line with the increase of units sold resulting in higher income mentioned in operating results table