securities (Gain) Loss from assets distribution (Gain) Loss from foreign currencies exchange Earnings from operation before change in operating assets and liabilities Operating assets (increase) decrease Long

off (Gain) Loss from regulation of securities (Gain) Loss from assets distribution (Gain) Loss from foreign currencies exchange Earnings from operation before change in operating assets and liabilities

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

%0) 1E++)+rEE # (risk parameters) 2 " $ (price) ).$# !. . "' 3 RR (volatility) )# !. J0 %0(. ++) (price change) = + 8% #%.(' SET 50 3."'+3 S(' large market capitalization / # !. +,$R&.( ' SET 50 3

Oil price stabilized at a lower level than the previous year, due to higher amounts of palm oil product arriving in the market, while domestic crude palm oil stock was at a high level. The price of B100

credit ratings of structured finance products are appropriate when the risk characteristics of the assets underlying a structured finance product change materially. Where feasible and appropriate for the

” means any information or fact materially affect to change in the prices of capital market products which has not yet been disclosed to the general public. Clause 21 An intermediary shall not use trading

Private Fund Management , of which policy is investment in domestic products; (b) providing services of trading a government bond or a bond of which principal and interest are guaranteed by the Ministry of

Office of the Securities and Exchange Commission concerning Establishment of Mutual Funds and Execution of Agreements for Private Fund Management, of which policy is investment in domestic products; 8 (b

and increased more Company’s cost of capital for value-added to Company and its shareholders. 9. Source of funds The Company will enter into the long-term loan facility agreement with domestic financial