Analysis (MD&A) Page 2 of 16 Major Events in 2018 The acquisition of GLAND, which has high potential assets, is an important step for CPN to become a leader in mixed-use projects The acquisition of shares in
businesses also enabled the Company improve its ability to capture a wider portion of the earnings value chain. These strategies have led to IVL becoming a global industry leader not just in terms of market
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
and excise tax rate. - OSP, as a market leader, drove energy drinks market back to growth at the rate of 5.7% in 2019, versus 0.6% last year. By using multi-brand portfolio and consumer-centric
as a market leader in delivering an excellent user experience. Broadband and Enterprise businesses continued the growth momentum with distinctive products and industry collaboration Fixed broadband
brand, positioning Mikka as a market leader and fostering long-term customer loyalty. The rebranding will also involve expanding the menu to offer greater variety, catering to a broader customer base
the Executive Committee / Deputy Chief Executive Officer 2. Mr. Phakhanaaz Phumchijzarnan Member of the Executive Committee / Chief Marketing Officer 3. Mr. Yanis Tipakorn Member of the Executive
Development programs, completed the hiring of a Chief Strategy Officer and a Chief Human Resources Officer and formed the Indorama Management Council. Indorama Ventures 2018 MD&A 5 349 381 740 35 34 51 384 414
Phuket” throughout the year. Central Village, Thailand’s first luxury outlet, was opened on August 31, 2019. The project also recently secured a strategic alliance with MEA, a leader in luxury outlets