several financial institutions. A summary of the key operational matters and events for the 2nd Quarter 2020 Financial Highlights 2Q 2020 2Q 2019 Change 6M 2020 6M 2019 Change THB million % Sales THB

: +662 661 6664 Indorama Ventures 2nd Quarter 2020 MD&A 1 Executive Summary 2Q 2020 Financial Results • IVL achieved a core EBITDA of US$305M and an operating cash flow of US$300M. Core net profit grew to

set up additional expected credit loss amount at a higher level when comparing to 1Q20. 4 Summary of operating performance Unit : Baht million 1Q21 4Q20 % QoQ 1Q20 % YoY Net Interest income 3,830 3,996

: +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

issued by the SEC Office by virtue of this Notification. (2) a complete and updated summary report of the operational function outsourced to the service provider shall be prepared and submitted to the

1,400 1,600 Q1/17 Q2/17 Q3/17 Q4/17 Q1/18 Q2/18 Q3/18 Q4/18 Sales Revenue Net Profit Unit: Million Baht Page 2 2. Overview of Domestic Economy and Ready-to-Drink Fruit Juice Market In Q4/2018, domestic

40 60 80 100 120 140 160 180 200 0 200 400 600 800 1,000 1,200 1,400 1,600 1,800 2,000 Q1/16Q2/16Q3/16Q4/16Q1/17Q2/17Q3/17Q4/17 Sales Revenue Net Profit Unit: Million Baht Page 2 2. Overview of

V2 14/05/62 0 V2 14/05/62 1 Management Discussion and Analysis Overview of the Economy and Banking Industry Thai Economy in the First Quarter of 2019 The Thai economy in the first quarter of 2019

จากบริษัทจดัการ ผู้ถือหน่วยลงทุนสามารถเข้าถึงข้อมูลดัชนี NASDAQ-100 Index (NDX) เพือ่ศึกษาข้อมูลเพิม่เติมได้ที่ https://indexes.nasdaqomx.com/Index/Overview/NDX https://indexes.nasdaqomx.com/Index

relocated to OOH media, i.e. outdoor, transit and in-store and digital or online media. 3.3 Summary of financial statements during the past 3 years and the latest quarter ended March 31, 2018 together with