Management Discussion and Analysis ( - translation - ) For operating result of 3Q19, ended 30 September 2019 Raimon Land Plc. | 14 November 2019 1 / 7 Major Events in 3Q19 July  Issued unsubordinated

Management Discussion & Analysis ( - translation - ) For operating result of 4Q/2019, ended 31 December 2019 Raimon Land Plc. | 27 February 2020 1 / 7 Major Events in 4Q/2019 and January 2020

operating results for the 3-month period and 6-month period ending June 30, 2017 To : President The Stock Exchange of Thailand Diamond Building Products Public Company Limited and its Subsidiary (together

Ref. DBP. 141 / 2017 November 13, 2017 Subject : Clarification on Operating Results for the 3-Month Period and 9-Month Period ending September 30, 2017 To : President The Stock Exchange of Thailand

ที่ กตพ Ref. DBP. 108 / 2019 August 13, 2019 Subject : Clarification on Operating Results for the 2nd quarter and 6-month Period ending June 30, 2019 To : President The Stock Exchange of Thailand

Ref. DBP. 153 / 2019 November 11, 2019 Subject : Clarification on Operating Results for the 3rd quarter and 9-month Period ending September 30, 2019 To : President The Stock Exchange of Thailand

and service income to operating income ratio 24.1% 27.3% 24.7% (3.2)% (0.6)% Expense to operating income ratio 39.9% 45.5% 40.7% (5.6)% (0.8)% Return on average assets * 1.17% 1.10% 1.13% 0.07% 0.04

: +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

. Corporate social responsibility 11. Internal control and risk management 12. Related transactions Part 3: Financial Position and Operating Results 13. Significant financial information 14. Management

The commercial banking sector in Thailand continues to face challenges from the business environment and ongoing changes in regulations. However, operating results in the second quarter of 2019 improved