order to encourage new customers and retain our existing customer base. The Company is still working on plan and can achieve goals Operating results in 2018, the company had a total of 130,053 Boonterm

and equipment. Cash spent as working capital to acquire other assets such as higher inventories or loan payments to financial institutions mainly contributed to the decline in total assets. Total

Cash Flow is after change in net working capital and cash tax, before maintenance capex Indorama Ventures 2018 MD&A 3 FY 2018/4Q 2018 Performance Highlights  FY18 core EBITDA increased by 44% YoY to

comparison is the increase in operational cashflow which is coming from the use of fuel inventory and also efforts to reduce working capital in Q4 2019. Net cash flows from investing activities is in line with

amounting to 38.64 Million Baht during 2019 - The Group has short-term borrowing for using as working capital during the period amounting to 179.77 Million Baht. The Group’s shareholders’ equity as at 31

activities of Baht 0.45 million, consisting of baht 91.21 million positively from operating performance and net pay of Baht 90.76 million to use with working capital from higher account receivable and trade

at 3.50%, which will be used for capital expenditure and working capital. PERFORMANCE BY BUSINESS Rental Properties Business Q2 2016 Q2 2017 Increase/(Decrease) THB mm THB mm THB mm % Revenue 416.7

"" ,"" (Working Capital) H9 7XG LH-9: ! 4JKLH."G"9D M!-N XL:HG XG :97/K" GI!" T8 "#"-."HI 4 # RP:I /GI4 #GH ,-9: !.I9PD""H"7# 7XG LH-9: ! 4JKLH."G"9D M!-N XL:HG XG :97/K" GI!" T8 "#"-."HI 4 # RP:I /GI4 #GH ,-9

) and to the specific investors (Private Placement) for the restructure of the capital, internal working capital, the investment related to the investment project of Wastewater Treatment Plant at Mandalay

, short-term loans and long-term loans from financial institutions, trade account payables and other account payables for working capital and investment in real estate projects, and deposits and advance