) (337.23) (27.73) (13,204.76) Based on the performance of DCORP from the consolidated financial statements of the first quarter of the year 2019 ended March 31, 2019, the Company had total revenue of THB

obligation from fuel price hedging until March 2020 amounting to 900,000 barrels. 18 ASIA’S BOUTIQUE AIRLINE Aircraft Repair and Maintenance Costs: aircraft repair and maintenance costs were higher from

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

(loss) for the period (113.79) (1,491.35) (197.67) (38,758.82) Profit (Loss) attributable to owners of the Company (113.79) (1,491.35) (197.35) (38,696.08) Based on the performance of DCORP from the

carrier that ranks in the Top 20 airlines based on its On-Time Performance (OTP). 8. In the second quarter, the Company has been awarded “Travelers’ Choice Awards – Regional Airline Asia 2019” from

107 42% 132 97 36% Operating Cash Flow 240 249 258 (7)% 923 966 (4)% Net Operating Debt to Equity (times) 0.45 0.39 0.84 (46)% 0.45 0.84 (46)% 1Consolidated financials are based upon elimination of

, costs of sales and services were accounted for 82.9 percent and 84.5 percent of total expenses respectively. Fuel Costs: fuel costs are variable based on number of block hours. For the six-month period

, costs of sales and services were accounted for 82.9 percent and 84.5 percent of total expenses respectively. Fuel Costs: fuel costs are variable based on number of block hours. For the six-month period

188 61% 1,037 853 21% Net Operating Debt to Equity (times) 0.53 0.45 0.57 (7)% 0.53 0.57 (7)% 1Consolidated financials are based upon elimination of intra-company (or intra-business segment

. The rising amount was mostly due to higher average market fuel price and additional excise tax for domestic flights. As of 30 September 2018, The Company still has an obligation from fuel price hedging