(Translation) -6- (Unit:Baht) Consolidated The Company only (20..) (20..) (20..) (20..) 3. Income (Loss) before income tax 4. Income tax expenses 5. Income (Loss) after income tax 6. Net profit (Loss) of

. Net profit (Loss) of minority interest 7. Profit (Loss) from ordinary activities 8. Extraordinary Items 9. Net income (loss) 10. Earnings per share 10.1 Basic earning per share 10.1.1 Net profit (loss

reflecting management actions on working capital optimization and extract efficiencies. Net working capital reduced by three days over last year. The Thai Baht strengthened 7% yoy and adversely affected

due to lower prices. Net debt to equity is at 0.99 times, well below IVL’s covenants, and supported by stronger operating cash flow. The dividend payout of THB 1.225/share for 2019 remains higher than

: +662 661 6664 Indorama Ventures 2nd Quarter 2020 MD&A 1 Executive Summary 2Q 2020 Financial Results • IVL achieved a core EBITDA of US$305M and an operating cash flow of US$300M. Core net profit grew to

EBITDA per ton of $140 – all-time record high  Core Net Profit of $175 million - up 85% year-on-year  Core EPS of THB 0.99 – 55% increase year-on-year post 11% dilution from partial warrants exercise

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

percent of the total issued shares of MACO. The transaction size is equivalent to 9.52 percent of the Company’s net tangible assets according to the Company’s reviewed consolidated financial statements for

8.7% and net profit stood at THB 11,738 mn, an increase of 4.7% from the same period in the previous year (YoY). The shopping mall business, which is the Company’s core business, continues to perform

revenue generation through new shopping malls, enhancement of existing malls, as well as efficient cost management. CPN currently manages 32 shopping malls with the net leasable area (NLA) of approximately