management based on the Company's financial statements for the 12 months ended December 31, 2018 NCL Group gained net profit of 3.16 million Baht or 0.26% of revenue from sales and services, increasing 141.53

results were calculated based on the consolidated financial statements which consist of the Expressway Business, Rail Business, Commercial Development Business, the manufacture and distribution of treated

management. Based on the Company's financial statements for the year ended December 31st, 2019 Upon considering the Company’s Specific Business Financial Statement for the year ended December 31st, 2019, it

toll revenue sharing based on the toll rate under the Ministry of Transport’s Announcement dated August 29, 2003 and the toll rates which the Company entitled to receive under the Agreement, calculated

downstream business in Integrated Oxides and Derivatives based out of advantaged Gulf Coast USA. Indorama Ventures 2nd Quarter 2019 MD&A 2 2Q 2019 Summary Financials Table 1: Core Financials of Consolidated

) Industrial and chilled water Steam 28% 35% 30% 37% 33% 35% 33% 30% 32% 2% 2% 2% 5,553 5,366 5,459 Q2/2016 Q1/2017 Q2/2017 -2% YoY +2% QoQ -2% 28% 35% 30% 60% 51% 56% 5% 5% 5% 4% 5% 5% 3% 3% 3% 4,302 4,268

Acquisition Transaction, the Company will be the shareholder of Hero Experience holding shares equivalent to 32.5 percent of the registered capital. Based on calculation of the transaction size, the

to the value of consideration basis, the calculation is based on the Company's reviewed consolidated financial statements for the 6-month period as of June 30, 2019, which is considered as a Class 12

16% 0.87 0.71 0.75 16% 1Consolidated financials are based upon elimination of intra-company (or intra-business segment) transactions 2Total of each segment may not always tally with consolidated

. 2.2 Additional Investments in Joint Ventures and Associated - On March 14, 2018, EGCO divested all 18.72% shares in Eastern Water Resources Development and Management Public Company Limited to Manila