improvement in IVL's ESG rating. With strong foundation and ongoing commitment, IVL is poised for ongoing growth going forward. 1Q 2019 Performance Highlights  Production of 3 million tons (+28% YoY; +5% QoQ

Speciality Chemicals segment to be growth segments. The acquired business is fully integrated downstream in Surfactants (used in personal and home care) and in Propylene Oxides (used in insulation and foam

. Worse, Brexit risks became heightened in the wake of political change in the United Kingdom. The World Economic Outlook of the International Monetary Fund cut its 2019 global economic growth projection to

$1.4 billion, driven by volume growth and higher margin realization.  In 4Q18, core EBITDA increased by 24% YoY to $318 million, supported by higher volume.  In 4Q18, core EBITDA per ton was stable

13.5% to THB 44mn • Dividend payment of 0.02 per share to be paid on 17 May 2019 KEY BUSINESS UPDATE THAILAND • MACO has completed the digital installation of its street furniture media at 23 BTS

time since 2016  Media operation in Indonesia reached profitability since its commercialisation in April 2019  Net profit excluding minority interest was THB 42mn KEY BUSINESS UPDATE THAILAND

maintained its growth momentum. Similarly, Thailand’s major economic indicators continued to exhibit growth, as evidenced by brighter exports, government spending and private spending on certain items of

strong across-the-board growth. The business sector remained challenged by new modes of competition amid the advancing digital age and the rapid pace of technological advancement, together with the

achieved strong earnings, a growth of 49% in core EBIDTA or $749 mil- lion which is on track to deliver over $1 Billion in annual EBITDA in 2017, the first time in the history of the Company. The strong

E_1 Legal_FA_2015_12_29-c A brWCorpL.1hig A Executive Summary Management Discussion and Analysis For the Quarter Ended March 31, 2018 In the first quarter of 2018, Thai economic growth gained