earnings through business cycles. On completion, this end-to-end integrated chain will allow us to address several new, high-growth markets like home and personal care, agrochemicals, fuels additives

and targeted to lead to $350 million in run-rate cost savings by 2023. These initiatives and the strategic acquisition of the Huntsman Integrated Ethylene and Propylene Oxide (EO & PO) assets (code

THB 2.6B. • Strong performance for Combined PET, given COVID disruption, driven by strong PET demand, higher Integrated PET spread, lower costs, improved PIA margin. • Integrated Oxides & Derivatives

quarter driven by resilient sales and margins in Integrated PET, USA PX and PIA businesses. Core net profit grew to THB 1.6B • Core EBITDA grew in all segments and in all regions as our products primarily

200 basis points lower. TRIS has reaffirmed IVL’s AA- rating, with Spindletop (part of Huntsman’s assets) factored in. Industry spreads lower in Integrated PET, MEG, IPA, and Lifestyle fibers vertical

EBITDA2,3 304 318 326 (7)% 1,419 1,112 28% PET 145 113 116 25% 617 356 73% Fibers 77 72 55 39% 261 218 20% Feedstock 78 136 151 (49)% 540 535 1% New Segments Integrated PET 192 171 142 35% 841 466 81% Fibers

% Core EBITDA2,3 304 318 326 (7)% 1,419 1,112 28% PET 145 113 116 25% 617 356 73% Fibers 77 72 55 39% 261 218 20% Feedstock 78 136 151 (49)% 540 535 1% New Segments Integrated PET 192 171 142 35% 841 466

178 116 18% New Segments Integrated PET 791 414 91% 171 256 114 51% Olefins 232 145 60% 50 52 53 (4)% Fibers 211 181 17% 64 49 47 36% Packaging 48 37 29% 13 11 10 29% Specialty Chemicals 158 229 (31

under one global CEO, demonstrated deftness and agility in keeping our supply chains functioning with minimal disturbance to cater to strong customer demand. IVL’s regionally integrated business model has

become a fully digitalized infrastructure of the capital market. The successful launch of the DIF Web Portal today is a significant milestone, at which the work of market participants becomes integrated