the total issued shares of ECSB, a media service provider and outdoor media producer in Malaysia, and (2) VGM, a subsidiary which the Company and VGI hold 75 and 25 percent of the total issued shares

demand growth for our products across all regions and volume impact of Glanzstoff and Durafiber acquisitions completed in 2017, contributing to 77% of the total increase in volumes. This increase in

2019. Figure 1: Core EBITDA Evolution Note: Core numbers, total of all regions may not match to IVL due to holding segment. Figure 2: Regional Performance Indorama Ventures 2nd Quarter 2018 MD&A 5

the Company and its subsidiaries Q2/2016 Q1/2017 Q2/2017 YoY QoQ 6M2016 6M2017 YoY Total Revenue 37,262 43,995 42,828 15% -3% 67,538 86,823 29% Accounting EBITDA 4,085 4,075 2,514 -38% -38% 5,504 6,589

63.5 8.4% 137.2 127.4 7.7% Wastewater Treatment Services 40.4 38.9 3.8% 80.7 76.3 5.8% Other Incomes from Utilities Business1 3.0 21.9 (86.3%) 4.4 32.3 (86.5%) Total Revenue from Sales and Services 423.5

and its subsidiaries’ operating results for the quarter ended March 31st 2018 Unit: THB Million Q1/2017 Q4/2017 Q1/2018 YoY QoQ Total Revenue 43,995 46,306 44,226 1% -4% Accounting EBITDA 4,075 3,494

results  In Q2/2018, the Company and its subsidiary recorded total sales of Baht 1,327 million, a decrease of 3% YoY, following a drop in export CMG sales. However, export branded sales jumped supported by

approve the allocation of profit from the Company’s operating results for the fiscal year ended March 31, 2018 to pay dividends in the total amount of not exceeding THB 741.01 million, or equivalent to the

Significant events for 2020 to present The acquisition and transfered of 3 biomass power plant companies with total installed power generation capacity of 26.9 MW from UA Withya Public Company Limited On 21

of 2021 (Unit: Million Baht) Biodiesel /Edible oil Refined glycerine /Raw material & Byproduct Other income Total revenues Revenues from sales and services 1,514.32 1.40 1,515.72 Cost of sales and