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

fragile economy with signs of global economic slowdown despite a continuous recovery in Thailand’s tourism and the improvement in inflation that helped boost private consumptions and economic activities. In

solar during the day. Due to energy efficiency and a continuous increase in rooftop PV capacity, demand growth in Australia is estimated to be flat over the 20-year outlook period. Furthermore, the

. . Overview of operating results in the Quarter /. The overall global economy still has growth direction in fine criteria from continuous consumption of private sector mainly covering with supportive factor

heart of the city once again in 2017 and the feedback was positive. The first three projects will be completed at the end of Q3 and Q4 this year with the combined value of 5,400 million THB. The units

liter through continuous initiatives to increase the portion of retail sales, combined with crude price that dropped during the quarter. When compared to Q1/2019, gross profit rose 19%, mostly attributed

total value of the consideration basis is 39.91 percent. In addition, when combined with the assets acquisition transaction occurred over the past six months prior to the date on which the Board of

28 February 2018. Thus, the total investment value of the project is Baht 1,456.31 million. Therefore, when combined this transaction with the asset acquisition transaction occurred over the past six

financial statements for 9-month period as of 30 September 2017. Therefore, the entering of transaction when combined with the transaction entered into in the period of 6 months prior to the date that the

and continuous raining as well as the increase of Independent Power Supply (IPS) and Small Power Producer (SPP) outside the EGAT system. In the meantime, electricity consumption of the country in EGAT