Cash Flow of $261 million (THB 8.3 billion) Indorama Ventures 1st Quarter 2019 MD&A 2 1Q 2019 Summary Financials Table 1: Core Financials of Consolidated Business Quarterly Last Twelve Months $million

12 months as at 31 March 2018, calculated based on the net profit from the operation basis. As a result of the calculation, the transaction is classified as a Class 1 transaction, and the Company is

for the last 12 months as at 31 March 2018, calculated based on the net profit from the operation basis. As a result of the calculation, the transaction is classified as a Class 1 transaction, and the

: Management Discussion and Analysis For the year ended December 31, 2018 Summary of Performance Sales Revenue For the year ended 31 December 2017 and 2018, the Company registered total sales revenue of THB

2018. A summary of the Company’s operating performance in 2019 and 2018 is shown in the following table: FY2019 FY2018 % Change FY2017 % Change [Amount in Baht Million] Y-o-Y Y-o-Y [2019 VS. 2018] [2018

, Company’s Registration No. 0107536001133 1. Revenue from operations In summary, the Company and its subsidiaries have the total revenue for the six-month periods ended on June 30, 2016 (2nd quarter of 2016

. The Company will no longer own shares in TSE as a result of this transaction. However the Company will enter into the transaction only upon shareholders approval. The calculation of the transaction size

revenues 2,706 4,521 (1,815) (40) 8,584 11,192 (2,608) (23) In summary, the Company and its subsidiaries generated total revenue in the third quarter of 2019 and the third quarter of 2018 of Baht 2,706

subsidiaries (Hereinafter called “The Group”) would like to submit Management’s discussion and analysis for the year 2019 with the summary as follows: - 1. Nature of operations of the Group The Group has

7.37% and 10.80% from the previous year. The sales were impacted by several economic factors as well as the enforcement of the business shutdown order. As a result, the sales growth in this quarter did