operating other future hydroelectric power plant projects. (7) As the result of this investment, the business partnership with the Seller has been created and strengthened. The Seller is equipped with

. Therefore, HE requires additional capital for the construction and its working capital. For 78 years, Marvel characters are globally popular, which was created since May 1939 with many famous characters such

created since May 1939 with many famous characters such as Captain America, Iron Man, Spiderman, Black widow, Wolverine and the Hulk, etc. In 1999, Marvel produced the first movie, ‘Iron Man’, generating

and more than 20 Marvel characters. Therefore, HE requires additional capital for the construction and its working capital. For 78 years, Marvel characters are globally popular, which was created since

action taken; (2) for a business continuity plan under Clause 32(2), for a period of not less than three years from the day that plan is created; (3) for an amended business continuity plan under Clause 36

that “initial trust property has to be the right appertaining to property created by a contract between the settlor and the trustee which the settlor obligates to entitle the property fund’s assets to

period of not less than three years from the day that plan is created; (3) for an amended business continuity plan under Clause 26, for a period of not less than three days from the amendment; (4) for

% Net Debt to Equity (times) 0.99 0.87 14% 0.99 0.92 0.87 14% * IRSL 2nd quarter results were consolidated in Core Financials 3Q19. ** ‘Integrated Oxides and Derivatives’ was previously called Olefins

downstream business in Integrated Oxides and Derivatives based out of advantaged Gulf Coast USA. Indorama Ventures 2nd Quarter 2019 MD&A 2 2Q 2019 Summary Financials Table 1: Core Financials of Consolidated

3.15 (2)% 3% Consolidated Revenue1 2,343 2,942 2,930 (20)% (20)% Core EBITDA2,3 305 304 361 0% (16)% Combined PET 225 192 284 17% (21)% Integrated Oxides and Derivatives 34 50 26 (32)% 33% Fibers 37 61