driven by lower industry-wide Integrated PET spreads. Going forward, management will focus on cost management initiatives, drive operational excellence, and working capital optimization in parallel with

12.4% 45.2 17.3% Investment Property 130.8 5.4% 124.3 5.1% -6.5 -5.0% Equipment 518.8 21.5% 518.8 21.1% 0.0 0.0% Leasehold rights and buildings 1,284.4 53.3% 1,293.1 52.6% 8.7 0.7% Advance for

next wave of growth in the Americas 2018 Corpus Christi (1/3 ownership in JV)  Significant step forward in IVL value- creating strategy underpinning strong growth momentum  Creates new and exciting

-2023 PET: 367 kta PTA: 433 kta Double digit ROCE 700-800 (till Dec’19: 381) Recycling projects PET recycling 2020-2023 ~600kta ROCE 12-14% 700-800 9 IVL Strategic Priorities Going Forward IVL remains

Quarter 2020 MD&A 8 IVL Strategic Priorities Going Forward IVL remains focused on its financial objective for 2023 - to achieve double-digit ROCE in each of its core businesses; top decile total shareholder

 Working capital and inventory management IVL Strategic Priorities Going Forward IVL remains focused on its financial objective for 2023 - to achieve double-digit ROCE in each of its core businesses; top

in Asia.  Going forward, structural changes taking place in Asia should benefit the industry as a whole. Lack of new announcements in capacity expansions and continued growth in demand is a positive

that demonstrate the SEC’s commitment to promoting capital market businesses’ application of the UNGPs to their corporate policy to create tangible results and continuous monitoring of their progress. In

agreement 99.2 102.3 3.1 3.1% Cost of sales and services (874.7) (1,149.4) 274.7 31.4% Gross profit 439.4 471.6 32.2 7.3% Net gain (loss) on exchange rate 55.1 (4.6) (59.7) N.A.(

our key products and strong margins, even carrying forward into the second quarter, driven at first by recovery in China. Global inventory levels are tight and combined with supply chain shocks are