aspirations Indorama Ventures 2nd Quarter 2018 MD&A 4 Portfolio Development We continue to upgrade our portfolio through organic growth, operational excellence initiatives, value accretive acquisitions and
transaction according to the Notification of the Capital Market Supervisory Board No. TorChor. 20/2551 (2008) Re: Rule on Entering into Material Transactions Deemed as Acquisition or Disposal of Asset dated 31
, did not achieve the target since the impact of the economic recession of the global markets, such as USA, Europe, China. In the meantime, the domestic market was affected from poor export economic
facilities for Dusit Thani Excellence Center (DTEC) that includes the academic research and curriculum development center, food research and recipe development center, and center for non-degree education and
Australia’s National Electricity Market (NEM). The Project has also entered into EPC Contract, Electrical Connection Agreement, Operation and Maintenance Agreement and other related agreements. RATCH-Australia
memorandum pursuant to Schedule 2 of the Notification of the Capital Market Supervisory Board No. TorChor. 20/2551 Re: Rules on Entering into Material Transactions Deemed as Acquisition or Disposal of Assets
-to- Suit and Ready-built facilities. Industrial Development Business and Sale of Investment Properties Q3 2016 Q3 2017 Increase/(Decrease) THB mm THB mm THB mm % Revenue 317.2 445.1 127.9 40.3% Gross
Institutions Development Fund bond and bond or debt instrument issued by the Ministry of Finance; (d) other liquid assets prescribed by the Office. “customer” means a person agreeing to receive an advice from an
deferred revenue as mentioned earlier, compared to the gross profit margin from sale of investment properties to HREIT in the same period of last year. Industrial Development Business Q2 2018 Q2 2019
. However, the genuine gross margin in the first 9 months of 2018 was at 57.3%. Industrial Development Business Q3 2017 Q3 2018 Increase/(Decrease) 9M 2017 9M 2018 Increase/(Decrease) THB mm THB mm THB mm