Q2/2019 Bangchak Corporation Plc. I 2 03 Table of Contents 06 08 22 25 27 29 Executive Statement Summary of Income Business Performance 8 - Refinery & Trading 13 - Marketing 15 - Power Plant 17 - Bio

$819 million, up 33% YoY  Earnings Per Share of THB 4.61, +16% YoY  Operating Cash Flow of $1.0 billion  2019 Earnings Guidance reaffirmed Indorama Ventures 2018 MD&A 2 2018 Summary Financials Table 1

of scale. VGM Business Overview* *More commentary on the VGM transaction can be found in Report on http://maco.listedcompany.com/newsroom/270620181831240885E.pdf, http://maco.listedcompany.com/newsroom

Co.,Ltd. reduced 0.30 million and Sahapat properties Co.,Ltd. decreased 0.03 million baht. 3. Gain on disposal of assets, 0.78 million baht. Decrease from the same period a year before, 9.87 million

Gener minutes of 7held on Apri ets for inves Education Co pany to disp properties, n 0-1 rai, loca ng Thonglan reholders ompany” utions as o. 1/2017 3rd floor, Huamark, the EGM ral Meeting the Annual il

Properties Valuation Co., Ltd. (an independent appraiser which is listed in the Property Appraisers Companies List and is a principal appraiser approved by the Securities and Exchange Commission) dated on

building rental and expenses, and reversal of loss on impairment of investment properties in Baht 25.6 million and reversal of loss on impairment of assets in Baht 7.0 million. Financial Cost Financial cost

investment properties (reverse) #DIV/0! EBIT 94.66 133.42 -29.05 63.92 70.64 -9.52 Share of gain (loss) from investment in joint ventures -8.45 -8.91 -5.16 Financial cost -62.62 -58.66 6.76 -50.57 -59.39

revaluation of investment properties in this quarter. Gain attributable to non-controlling interests of the subsidiaries increased by Baht 5 million which is primarily caused by the profit of Gallery sales

or 4.66% compared to the year-end 2017, mainly due to the closing of 3 non-performing stores in the 1st Quarter 2018 which reflect to the decreasing number of lands, properties, plants and equipment by