$819 million, up 33% YoY  Earnings Per Share of THB 4.61, +16% YoY  Operating Cash Flow of $1.0 billion  2019 Earnings Guidance reaffirmed Indorama Ventures 2018 MD&A 2 2018 Summary Financials Table 1

increased by Baht 2,139 million or 15.68 percent due largely to rising revenue from the sale of securities. Moreover, other operating expenses were close to the level seen in the previous quarter, resulting

analysis should be read in conjunction with our financial statements and accompanying notes, as well as our selected operating data, included elsewhere in this Offering Circular. Our financial statements

2.03 27% Core EBITDA/t (US$/t)) 107 100 94 14% 97 86 13% Net Operating Debt to Equity 0.84 0.80 0.99 0.84 0.99 Note: (1) Consolidated financials are based upon elimination of intra-company (or intra

transaction pursuant to the Notifications which shall be approved by Audit Committee and Board of Director as well as disclose to the Stock Exchange of Thailand. In addition, the Company approved the connected

1 At JSP 012/2561(OOP) March 27, 2018 Subject Notifications of the connected transaction regarding the receipt of financial assistance, Adjustment of Directors To The President, The Stock Exchange of

Disposal of Assets, 2004 (as amended) (together referred to as “Acquisition and Disposal Notifications”). According to the Company’s latest reviewed consolidated financial statement ended December 31, 2017

more than 0.03% but less than 3% of NTA of the Company. So this transaction is the connected transaction pursuant to the Notifications which shall be approved by Audit Committee and Board of Director as

0.03% but less than 3% of NTA of the Company. So this transaction is the connected transaction pursuant to the Notifications which shall be approved by Audit Committee and Board of Director as well as

1 At JSP 60/07/01 July 5, 2017 Subject Notifications of the connected transaction regarding the receipt of financial assistance To President The Stock Exchange of Thailand J.S.P. Property Public