2019. Figure 1: Core EBITDA Evolution Note: Core numbers, total of all regions may not match to IVL due to holding segment. Figure 2: Regional Performance Indorama Ventures 2nd Quarter 2018 MD&A 5
distribution to boost the ratio of regular income and match the needs of the customers who would like to have a home but have not made a decision to buy one. The emphasis has been put on university students
strong underlying performance as explained earlier. Figure 1: Core EBITDA Evolution V Note: Total of all regions may not match to IVL due to holding segment. Indorama Ventures 3rd Quarter 2018 MD&A 7
to match customers’ need, to draw customers’ attention and to draw traffic. 2. Cost of goods sold and gross profit 3Q19 and 9M19 gross profits represented 46.47% and 43.93%, respectively. Gross profits
follows: - Translation - Page 3 of 6 (1) Club and international football match sponsorship fees: Club and international football match sponsorship fees, recognized as expenses in accordance with payment
follows: (1) Club and international football match sponsorship fees: Club and international football match sponsorship fees, recognized as expenses in accordance with payment terms, economic benefits and
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