21,906 21,906 7 1Q21 MD&A Advanced Info Service Plc. 2021 Guidance All guidance is based on Post-TFRS 16 Core service revenue  Low single digit growth (Maintained) EBITDA  Low-single digit growth

) 2661-6664 2 INDORAMA VENTURES PUBLIC CO., LTD (SET: “IVL”) MANAGEMENT DISCUSSION AND ANALYSIS (MD&A) FOR THE PERIOD OF 3Q 2017 (CONSOLIDATED) Table 1: Financial Summary - Core Financials of Consolidated

: +662 661 6664 Indorama Ventures 1st Quarter 2020 MD&A 1 Executive Summary 1Q 2020 Financial Results • IVL achieved a core EBITDA of US$304M and an operating cash flow of US$340M, an increase quarter on

shopping mall business, which is CPN’s core business, continues to perform strongly, especially on a same-store basis that continues to grow in terms of revenue and operating profit, which is in-line with

leader in mixed-use projects Sustainable Growth as a Core Principle in Business CPN is selected to be the member of the Dow Jones Sustainability Indices (DJSI) in 2018. The inauguration into the DJSI World

(for nine months of 2019, total revenue increased 10.3% YoY and net profit increased 6.2% YoY). The shopping mall business, which is CPN’s core business, continues to perform strongly, especially on a

advisor must be on the SEC approved list and provide the service for three years.For Thai-based holding companies, with major foreign shareholders and oversea core businesses, if planning to offer equities

* !)QO*! Return on Equity (ROE) "P%#$C 2% (C#$'M$"P%#$C 19-56% .')O% "O*! '# SET ! adjusted ROE C -4% (C#$'M$"P%#$C 11-44% "%OQ &P*!#" ADB f'% "O% ." ' SET % #$̀ core .' non-core business !O* !K!#()*"#"(P

: +662 661 6664 Indorama Ventures 2nd Quarter 2020 MD&A 1 Executive Summary 2Q 2020 Financial Results • IVL achieved a core EBITDA of US$305M and an operating cash flow of US$300M. Core net profit grew to

other persons’ accounts in such a way as to take advantage of other persons by using non- public material information concerning the fact that SUPER would sell off its assets of all kinds in its core