opening ceremony and gave a keynote address on the topic, “The Roles of the Capital Market and the National Economic Development 2021.” He also presented the ASEAN Corporate Governance Scorecard Awards to

change in net working capital and cash tax, before maintenance capex Indorama Ventures 2nd Quarter 2019 MD&A 3 Summary 2Q19 results IVL’s performance for the first half and ongoing progress give us the

benefit from structurally improving margins and capturing the volume opportunities. IVL has achieved notable progress on multiple strategic fronts and is increasingly well positioned to deliver sustainable

-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

implemented as planned, including the development of the Eastern Economic Corridor (EEC). Nevertheless, the Thai economy still faces major risks from external uncertainties in the US economic and trade policies

(loss) THB THB Garment Business (20,216,391.48) (90,540,939.22) Real Estate Development (1,120,997.37) 3,489,990.37 Other businesses (9,966.90) 315.17 Total (21,347,355.75) (87,050,633.68) Garment

Gain (loss) THB THB Garment Business 9,009,526.08 23,340,946.58 Real Estate Development (1,416,107.45) (218,223.21) Other businesses (10,800.00) (10,400.00) Total 7,582,618.63 23,112,323.37 Garment

follows: Year 2018 Year 2017 Net Gain (loss) / THB Net Gain (loss) THB Garment Business 9,741,633.94 (92,962,678.28) Real Estate Development (14,403,001.55) (4,305,171.15) Other businesses (2,069,049.43

Estate Development (7,596,616.13) (5,023,051.54) Total (15,057,738.14) 7,926, 042.00 Garment Business: Total sales in garment business in Q2/2019 were 357,240,124.17 Baht, compared to 401,838,049.00 Baht

: Q1/ 2018 Q1/2017 Net Gain (loss) Net Gain (loss) THB THB Garment Business (37,838,702.24) (28,558,991.63) Real Estate Development (2,836,460.81) (2,979,998.04) Other businesses (16,000.00) (11,000.00