Transfer (BOT). At the present, construction is under permission. The process of requesting approval for the part of construction modification has value of receivables under the concession agreement And

every segment. There is a positive structural change in PET business in the western markets due to financial stress with two major PET producers operating in these markets. PET margins are recovering back

2019 was resulted from the employee retirement benefit. Operating Highlights Q4/18 Q3/19 Q4/19 Change +/- 2018 2019 Change +/- (THB million) % YoY % QoQ % YoY Revenue from sale of goods 2,356.1 2,275.0

-ups in Egypt and Portugal and significantly higher crude oil environment. Indorama Ventures 3rd Quarter 2018 MD&A 4 Strategic Progress Structural Change in Industry and IVL initiatives 2018-2019

generating new opportunities to increase revenues. In terms of customer base expansion, financial innovation has created new forms of financial services which enable banks to explore new business opportunities

durable goods. The Thai economy hence showed ongoing improvement from the first quarter. Nonetheless, the economic expansion, which was still limited and uneven, affected the performance of KBank and our

Bt170.3 million or 10.3%(y-o-y), mainly due to 1) the increasing in the direct labor costs 2) the depreciation from the FPT’s multi- products fuel pipeline expansion project to the northern of Thailand

THB 0.40 million or +46.52% YoY due to the increase in marketing activities in line with the expansion of digital content via telecommunication channels service. In 9M2021, selling expenses were THB

: - Xayaburi Power Company Limited (with 98.7% construction progress) - Nam Lik 1 Power Company Limited (100% completed, waiting for the certificate of COD) - Rayong Central Utility Plants Expansion Phase (CUP-4

with the expansion of its trade transactions with new partners with respect to the company’s strategic plan to enlarge the business. Marketing Business Group recorded 5% higher total sales volume YoY