) 2661-6664 2 INDORAMA VENTURES PUBLIC CO., LTD (SET: “IVL”) MANAGEMENT DISCUSSION AND ANALYSIS (MD&A) FOR THE PERIOD OF 3Q 2017 (CONSOLIDATED) Table 1: Financial Summary - Core Financials of Consolidated
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ownership of the water treatment plant and other assets used in the business of WOG ITR. At present, such agreement remains 24 years which corresponds to the core business operation of the Company both in the
: +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
sector for the private (Translation) 3 sector’s bidding, both rail and expressway systems, which are the Company’s core businesses, including as the Company’s working capital. The deposition of such shares
preferred shares and warrants of U City via private placement and a rights offering and (iii) the disposal of certain non-core assets 22 January 2018: Private Placement as part of capital increase. The
Company’s core business. 2) The Company does not have a policy to materially change its core business The Company and its subsidiary, Phuket Fantasea PCL, do not have a policy to change its business operation
projects to be launched by the government sector for the private sector’s bidding, both rail and expressway systems, which are the Company’s core businesses, including as the Company’s working capital. The
by the government sector for the private (Translation) 3 sector’s bidding, both rail and expressway systems, which are the Company’s core businesses, including as the Company’s working capital. The