381 740 35 34 51 384 414 791 8% 8% 11% 11% 9% 16% 2559 2560 2561 2562 2564 Necessity HVA Core EBITDA Margin (%) Core ROCE (%) Integrated PET Core EBITDA ($m))  บริษัทเข้าร่วมทุนกับบริษัท Loop

 Core EBITDA per ton rose to $153, all time record high, driven by accelerating momentum across our global integrated PET platform, while our HVA business had mixed results, with gains in PEO and

43% 59 44 34% Integrated Oxides and Derivatives 26 3 57 (55)% 130 227 (43)% Specialty Chemicals 3 19 44 (94)% 88 203 (56)% ก าไรหลกัก่อนหกัดอกเบ้ีย ภาษีเงินได ้(Core EBIT) 231 178 288 (20)% 892 871 2

าหน่าย (Core EBITDA) 2,3 305 304 361 0% (16)% Combined PET 225 192 284 17% (21)% Integrated Oxides and Derivatives 34 50 26 (32)% 33% Fibers 37 61 59 (40)% (38)% ก าไรหลกัก่อนหกัดอกเบ้ีย ภาษีเงินได

(0) 2661-6664 2 INDORAMA VENTURES PUBLIC CO., LTD (SET: “IVL”) MANAGEMENT DISCUSSION AND ANALYSIS (MD&A) FOR THE PERIOD OF 2Q 2017 (CONSOLIDATED) Table 1: Financial Summary - Core Financials of

194 25% Packaging 17 19 11 62% 66 45 47% Integrated Oxides and Derivatives 16 26 52 (69%) 94 234 (60%) Specialty Chemicals 16 3 44 (64%) 61 172 (65%) ก าไรหลกัก่อนหกัดอกเบ้ีย ภาษีเงินได ้(Core EBIT) 136

) 2661-6664 2 INDORAMA VENTURES PUBLIC CO., LTD (SET: “IVL”) MANAGEMENT DISCUSSION AND ANALYSIS (MD&A) FOR THE PERIOD OF 3Q 2017 (CONSOLIDATED) Table 1: Financial Summary - Core Financials of Consolidated

$409 million YoY. On a portfolio basis, IVL achieved a Core EBITDA per ton of $150, supported by strong momentum across our geographically diversified and integrated PET portfolio, while HVA business had

Ref.No.IVL001/08/2019 8th August 2019 President The Stock Exchange of Thailand Subject: Acquisition of Integrated Oxides and Derivatives Businesses/ Assets Enclosure: Information concerning the Acquisition of

1 Forth Smart Service Public Company Limited (FSMART) 2Q17 Management Discussion and Analysis Operational Summary in 2Q17  Total revenue from core business was Bt769mn, an increase of 48.0% YoY