: +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
: +662 661 6664 Indorama Ventures 1st Quarter 2020 MD&A 1 Executive Summary 1Q 2020 Financial Results • IVL achieved a core EBITDA of US$304M and an operating cash flow of US$340M, an increase quarter on
Discussion and Analysis For the Three-month and Six-month Periods Ended 30 June, 201" Page 1 (Translation) 1. Significant events of the , nd quar ter of 2018 1.1 The Expansion of Electr icity and Stream
reflects low operating risk, growing demand for tap water, and reliable stream of cash. 5. Raw Water Business Raw water revenue in the first half of 2017 was 1,310.05 million Baht, decreased by 123.91
liabilities while the pay down of the term loan helped to decrease non-current liabilities. Shareholder equity was impacted by higher net income due to lower depreciation. As Kiln 7 comes on stream in 2018
increased use of autoclaved aerated concrete blocks as Thailand follows a global trend. The nonferrous mining segment in our key export market Laos remains strong however as a new competitor comes on stream
financial position of AIS together with mainly 10 years installment term (detail for payment term in section 5), the company is able to utilize source of fund from operating cash flow, loans from financial
coming on-stream in 2018, as discussed in forthcoming sections, are providing im- petus to our business and our ability to generate positive operating cash flows. The Company reduced its leverage ratio
advantage, hence, significant increase in US integrated MEG spreads. IVL will capture the full benefit of shale advantage coming from our ethane to MEG integration once IVOL cracker is back on stream mid 2021