hosted by the Securities and Exchange Commission, Thailand. This Annual Plan 2016 was developed based on the earlier approved ACMF Action Plan 2016-2020 (Action Plan) which will be presented to the ASEAN

) CPKO (MPOB) price in 4Q2018 was at 717 USD/ton, dropped from 4Q2017 by 587 USD/ton or 45% and also when compared with a quarter earlier, it was decreased by 165 USD/ton or 19%. The primary cause was that

before proceeding with the transfer of unit ownership, which is expected in 2Q18. The three condominium projects were launched in 2016 and are all sold out. • The three condominium projects launched in

ordinary shares which is value at 28,600,000 MYR (equivalent to 220,000,000 THB). The reference ex average exchange rate before the negotiation date between NDR and CRSB which is a period between August 18

)% 29 28 5% Note: Some capacities in 1Q17 are re-rated. Figure 4: Margins and Returns 6 precisely this reason, as mentioned previously, IVL on a consolidated basis benefitted and delivered a core EBITDA

when comparing with the previously year, in which the directors’ bonus was in the amount of THB 2.06 million, or equivalent to 0.5 percent of the annual cash dividend of the Company paid to the

million or 103% from the net profit before extraordinary items of FY2018. In 2019, the company entered into negotiations with certain suppliers and was able to reach agreements. The suppliers agreed to

% from 9M/2016 which was at 4.3 Baht/Kg with the reasons mentioned earlier. Average Price Quarter 3/2016 Quarter 2/2017 Quarter 3/2017 YoY QoQ 9M/2016 9M/2017 YoY Methyl Ester (B100) (Baht per Litre)(1

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

tax, before maintenance capex Indorama Ventures 1st Quarter 2019 MD&A 3 Summary In 1Q19, IVL achieved an aggregate production of 3 million tons, with operating rate of 85%. Our core EBITDA was $304