Quarter 2018 MD&A 1 Indorama Ventures Public Company Ltd Management Discussion and Analysis 3rd Quarter 2018 Milestone Revenues and Earnings, Structural Improvements, Enhanced Portfolio and Geographic Reach

measures, particularly those involving consumer protection and control of credit card and personal loans, together with a drop in credit card interest rates – all of these issues are likely to influence

comprehensive manner via collaboration of relevant divisions, branches and relationship managers (RMs) for enhanced efficiency beyond personal financial planning services. We also provide advice on other

million or 8.87% from the general patients of subsidiaries. 2. Cost of hospital operations increased by Baht 18.41 million or 4.44% due to the increasing of medical personal expenses and depreciation from

) Financial Literacy media under the theme, “Money Matters,” with video presentation and storybooks about the importance of money saving, the basics of personal finance, and how to keep track of incomes and

value to its shareholders. 2Q 2018 Highlights  Core EBITDA increased 63% year-on-year to $388 million, driven by strong demand growth led by Asia supporting enhanced margins in the Polyester value chain

, Structural Improvements, Enhanced Portfolio, New Investment Strategy In 2018:  Revenue $10.7 billion, +27% YoY  Core EBITDA of $1.4 billion, +44% YoY, Core EBITDA margin 13%  Net Profit (after Tax/NCI) of

value-added services and innovative products tailored to customer demands for fast, stable internet, along with enhanced home experiences through content bundles and IoT add- ons. Enterprise services have

the SEC Office according to the methods and procedures prescribed in the Licensing Manual for the Public. We have studied, acknowledged and understood the Personal Data Protection Policy for internal

personal expenses and the depreciation because of the expanding capacity of subsidiaries. Sincerely yours, (Mr.Pongpat Patanavanich) Managing Director