shares), which has no relationship with the Company, any appointed name list of the shareholders and subscribed numbers of shares change will be further informed by October 13, 2017 Shareholders after

Inventory gains/(losses) 4Core Net Profit is Reported Net Profit less Inventory gains/(losses) one-time extraordinary items 5Operating Cash Flow is after change in net working capital and cash tax, before

EBITDA less Inventory gains/(losses) 4Core Net Profit is Reported Net Profit less Inventory gains/(losses) one-time extraordinary items 5Operating Cash Flow is after change in net working capital and cash

change in net working capital and cash tax, before maintenance capex Indorama Ventures 2nd Quarter 2019 MD&A 3 Summary 2Q19 results IVL’s performance for the first half and ongoing progress give us the

-ups in Egypt and Portugal and significantly higher crude oil environment. Indorama Ventures 3rd Quarter 2018 MD&A 4 Strategic Progress Structural Change in Industry and IVL initiatives 2018-2019

investments) less cash outflow for the various projects underway which are not yet completed and have not yet started contributing to the earnings. Organic growth is calculated as the change in production on a

decreased of 21.26 million baht, compared to the same period in 2016 which was 44.06 million baht because of get a refund from corporate income tax of year 2012 and year 2015. 2.2 Liabilities As of June 30

will get the benefit to the company. This is because there is the plenty of tourists both Thai and foreigners in the selected location which in accordance with the company’s strategy. 10. Opinion of the

and Audit committee All directors and Audit committee is totally agree that making this process is reasonable and also will get the benefit to the company. This is because there is the plenty of

investment in Vientiane Capital for 45 years. VWM will get municipal solid waste from Vientiane Capital starting from 400 ton/day to be used as raw materials and will generate 3 products as follows; 1