); the Fuel Ethanol Business EBITDA is THB 41 million (-29% QoQ). In June 2017, the company has informed the Stock Exchange of Thailand of the changes in shareholing structure of Bio-based Product business

changes in the fair value of the interest acquired in Geothermal Power Plant project in Indonesia. In Q3/2018, the company and its subsidiaries recorded a Net Profit of THB 2,216 million, compared to Q3

subsidiary named GCB Trading Sdn. Bhd. (“GCB”) which is show importer and distributor. FKRM and GCB have 4 distribution warehouses located in Klang, Butterworth. BatuPahat and Ipoh to distribute goods to more

. FKRM and GCB have 4 distribution warehouses located in Klang, Butterworth. BatuPahat and Ipoh to distribute goods to more than 79 distributors in Malaysia. By having distribution centers located in

and distributor. FKRM and GCB have 4 distribution warehouses located in Klang, Butterworth. BatuPahat and Ipoh to distribute goods to more than 79 distributors in Malaysia. By having distribution

Profit less Inventory gains/(losses) and one-time extraordinary items. 5Operating Cash Flow is after changes in net working capital and cash tax, before maintenance capex. 4 Business Segments Definitions

liabilities under financial lease agreements. Cash Flow (Unit: Baht Million) 2017 2016 % Change Profit (loss) from operating activities before changes in operating assets and liabilities 559 935 -40% Profit

first quarter ended March 31, 2020 with those of 2019. This report discusses principal changes in the reviewed consolidated financial statements. Changes in Financial Reporting Standards The financial

extraordinary items. 5Operating Cash Flow is after changes in net working capital and cash tax, before maintenance capex. Indorama Ventures 2nd Quarter 2020 MD&A 3 Business Segments Definitions IVL now

/(losses) and one-time extraordinary items. 5Operating Cash Flow is after changes in net working capital and cash tax, before maintenance capex. Indorama Ventures 1st Quarter 2020 MD&A 3 Business Segments