6661 Fax: +662 661 6664 Indorama Ventures 2018 MD&A 1 Indorama Ventures Public Company Ltd Management Discussion and Analysis For the year ended December 31, 2018 Milestone Revenues and Earnings
satisfactory level of profitability that exceeded that of other leading PCB suppliers. Total Revenue Consolidated sales revenue rose from Bt13,797.5 million in 2016 to Bt14,195.4 million in 2017, representing
purchased. The Company’s shareholder’s equity as of the period ending 31 March 2019 was 3,621.1 million Baht, increase 154.8 million Baht. Due to an increasing retain earnings increase due to the Company‘s
6661 Fax: +662 661 6664 1 2019 IVL Performance Summary IVL registered volume growth of 18% in 2019 driven mainly by inorganic expansion. Industry-wide spreads declined to historical lows in 2019, leading
in Asia. Overall Sales have increased despite lockdown in various countries with COVID19 reinforcing essentials nature of our business. Lower oil prices have led to an improvement in earnings of our
, decreasing -3.0%QoQ to Bt462 due to popularity of low price plan. AIS Fibre continued to expand its coverage into outskirt area of key cities while leading the industry with service guarantee package for fast
maintained its leading position, and herbal-variant Som In-Sum (+64.4% YoY). Functional drinks showed impressive growth, which was driven by the success of both C-Vitt and Peptein, where we have maintained our
leading to margin increase in all commodity products, supporting the increase in crude oil prices. All of this is translating into stronger than anticipated earnings in first half 2021. Transformation
acquisition of Spindletop and startup of Lake Charles cracker did not provide us the typical earnings which we had built in our business case. Our strong balance sheet and the strategic fit of these gas based
consumption benefited mobile revenue with a 1.2% YoY growth. Fixed broadband maintained a healthy growth momentum of 13% YoY focusing on high quality subscriber acquisitions leading by superior services and