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

to the amalgamation, the assessment of fair value of assets and liabilities received from the acquisition is required according to accounting standards, resulting in the Company realizing goodwill from

design, work suspension or delay due to change in construction design Many projects are gradually completed. Concurrently, many new projects that have been signed into contract or about to be signed which

previous year or representing 10.8%. In this regard, the cause of the change was as follows: 1. Sales revenue for the mobile phone distribution decreased in the third quarter of 2019 by 1,651.3 million Baht

until the work is completed as scheduled in April 23, 2018. The result of the lawsuit and the exercise of the Company’s right did not change neither on the Company’s shareholding ratio in NWR-SBCC Joint

Yoga and Scentimental (Thailand) accounted for only 7 percent of the Company’s total assets, these impacts will not have significant impact to the Company’s overall performance. 2. Impact on source of

and changes and adjustment of the construction design, work suspension or delay due to change in construction design. Many projects are gradually completed. Concurrently, many new projects have been

directors of subsidiaries Attachment 3: Details of the Heads of the Internal Audit and Compliance Units Attachment 4: Assets for business undertaking and details of asset appraisal Attachment 5: Unabridged

coordination in case of a foreign company Attachment 2: Details of the directors of subsidiaries Attachment 3: Details of the Heads of the Internal Audit and Compliance Units Attachment 4: Assets for business

years or more to be entitled to compensation not less than the final rate 400 days. This law is effective from May 5, 2019 onwards. Such change is considered a revision of the project for the post