(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

which is the best price under the market situation in the period of the offering shares to investors, after authorized by the Extraordinary General Meeting of Shareholders No. 1/2019, by which the

Waste Water Treatment Plant and Collection System in Mandalay City Industrial Zone on 30 years period, which can be extended twice and 10 years per times. HSMC shall construct and complete the plant

the financial statements for the period ended 31 March 2019, the company is under the process of determining fair value for intangible assets resulting from the acquisition of the company. Therefore

and business opportunities in each individual sector and area across all industries. In parallel, we focused on the development of technological solutions with the aim of becoming “Customers’ Life

Total usage amount through "Boonterm Kiosk" (Million Baht) 10,084 10,421 10,611 10,506 10,442 36,175 41,980 16.1% Total number of "Boonterm Kiosk" as the period ended (Kiosk) 124,653 130,404 129,948

material’s cost higher than the selling price. Eventhough, the Company has tried to manage the inventory turnover and the period of sale as the following; The price of crude palm oil for Bangkok Jan Feb Mar

the COVID-19 pandemic continues to affect private consumption and domestic tourism sector continued to decline. As of May 31, 2021, the Company’s total cards reached 9.25 million cards, including 2.98

because an increase of export and private consumption, as well as an expansion of government investment. In addition, the domestic tourism sector also improved due to the government continued relaxing

quarter from the contraction of the industrial sector that reduced the production of industrial products due to higher production costs, a lower domestic demand and lower demands from trading partners in