first six months of 2016. * Note: Total Flights was data of flights that serviced by BAFS only at BKK and DMK Growth (y-o-y) (q-o-q) (y-o-y) Aviation Refuelling Services Business : Aviation Fuel Volume

3,506 million liters from the nine months of 2016. * Note: Total Flights was data of flights that serviced by BAFS only at BKK and DMK Growth (y-o-y) (q-o-q) (y-o-y) Aviation Refuelling Services Business

1.97 percent Value of Securities Issued Not qualified - Note: 1. The Company’s total asset from the audited consolidated financial statements ending 30 June 2019 5. Opinion of the Board of Directors and

strong underlying performance as explained earlier. Figure 1: Core EBITDA Evolution V Note: Total of all regions may not match to IVL due to holding segment. Indorama Ventures 3rd Quarter 2018 MD&A 7

3,000 2559 2560 2561 2562 2564 Integrated PET Olefins Fibers Packaging Specialty Chemicals Core EBITDA Margin (%) Core EBITDA By Segment ($m) Note: Total of each segment may not always tally with

175 235 34% Inventory Gain/ (Loss)1/ 905 299 (1,010) -212% -438% (437) (711) -63% Total GRM 3,166 2,774 1,495 -53% -46% 3,116 4,269 37% EBITDA 2,531 2,226 916 -64% -59% 1,886 3,142 67% Note: 1

916 2,198 46% 140% 3,389 5,340 58% Note: 1/ Inventory Gain/ (Loss) was included a reversal of LCM. Market GRM and Crude Run Total GRM Unit: USD/BBL 5.62 6.38 6.66 115.59 114.02 110.03 -200 -150 -100 -50

exchange rate fluctuations management. Total Revenue 287.9 205.0 -28.8% A decrease in total revenue by 28.8% Total Revenue (MB) Description Note Cost of sales Cost of sales in total for Q1/ 2017 and Q1/ 2018

total revenue by 20.4% Total Revenue (MB) Description Note Cost of sales Cost of sales in total for Q2/ 2017 and Q2/ 2018 was THB 159.3 MB and THB 216.3 MB respectively, equivalent to 79.4% and 89.6% of

Company Limited 50 50 - Total 1,730 1,375 355 Note /1 The cost of investment of each company is the cost paid by World Corporation Plc. This is equal to the registered capital of each company. ( Except for