32,293 32,615 (1%) Table 5: Condensed Consolidated Statement of Financial Position Management’s Discussion and Analysis (MD&A) For Q2/2017 GSteel 15 Unit : Million Baht 30 June 2017 31 December 2016

7 IVL Consolidated Statement of Income 13 Table 8 IVL Consolidated Statement of Financial Position 14 List of Figures Figure 1 Repayment Schedule of Long Term Debt 12 Indorama Ventures 2nd Quarter

Cash Flow Statement 10 Table 6 Debt Profile 11 Table 7 IVL Consolidated Statement of Income 12 Table 8 IVL Consolidated Statement of Financial Position 13 List of Figures Figure 1 Repayment Schedule of

411,530,639 baht, equivalent to 16.2% of the total assets of the company which calculated from the consolidated statement of financial position as at 30 September 2018. Due to the transaction size is equivalent

Company”) would like to report the operating results of the Company and its subsidiaries for the third quarter of 2020, ended September 30, 2020 as follows: Statement of profit or loss Statement of profit

of 2018. Net-Debt-to-Equity ratio according to the Company’s consolidated financial statement as of September 30, 2019 was 1.04 times, down from the end of prior year which was 1.07 times. Still, the

the end of Q1 2019, an increase of Baht 207.02 Million from the end of 2018. Net-Debt-to-Equity ratio according to the Company’s consolidated financial statement as of March 31, 2019 was 1.07 times

, an increase of Baht 3,076.25 Million from the end of 2018. Net-Debt-to-Equity ratio according to the Company’s consolidated financial statement as of June 30, 2019 was 1.07 times, unchanged from the

consolidated financial statement as of June 30, 2018 was 1.31 times, compared to 1.27 times as of the end of prior year. Still, the ratio did not exceed 3.00 times, which is the covenant for bank loans and

, decreasing by Baht 98.10 million or 9.34% from the same period of 2017 because of decreased average cost of debt. Net-Debt-to-Equity ratio according to the Company’s consolidated financial statement as of