Limited Management’s Discussion and Analysis (MD&A) Page 10 of 16 Weighted average financing cost at the end of 3Q19 stood at 2.96% Net debt to equity ratio stood at 0.45x Capital Structure As of September

tax from debt payment received from a major debtor in Q1/2019 Expected credit losses (2019: Bad debts and doubtful accounts) For the three-month period ended March 31,2020, the Company recorded a total

of inventory and close cooperation in monitoring the debt of the finance department and the sales department closely will result in the company group returned to have a higher working capital ratio

. Quick Ratio (x) 3.97 5.10 (1.13) Return on Equity (%) 12.70 14.53 (1.83) The lower ROE was a result of lower net profit for 1H17. Debt-to-Equity Ratio (x) 0.08 0.09 (0.01) The lower D/E ratio was a result

Baht 51 million in Q1/2019. 5. Liquidity and Capital Resources Current Ratio As at 31 March 2019, the Company and its subsidiaries recorded current ratio of 0.75x, equal to the figure at the end of last

, mainly due to net loss of Baht 51 million in Q1/2019. 5. Liquidity and Capital Resources Current Ratio As at 31 March 2019, the Company and its subsidiaries recorded current ratio of 0.75x, equal to the

: According to the debentures and long-term loan agreements, the company was required to maintain its D/E ratio of not higher than 2.00 For the long-term loan agreements, there is additional condition to

May 2019 at 0.165 baht per share. Return on equity (ROE) was 9.91% in 6M19 and net debt to equity ratio was 0.22 (Unit : Baht million) 30 June 19 31 DEC 18 Change Total assets 1,037.81 968.30 + 7.18

Indorama Ventures Public Company Limited for the year ended December 31, 2019 We are pleased to submit: 1. Consolidated and Company only Annual Audited Financial Statements for the year ended December 31

Indorama Ventures Public Company Limited for the third quarter ended September 30, 2019 We are pleased to submit: 1. Consolidated and Company only Quarterly Review of Financial Statements for the third