. This excludes the Corpus Christi PTA and PET integrated JV project and Dupont Teijin Films project which are both awaiting regulatory approvals. Indorama Ventures 2nd Quarter 2018 MD&A 14 Forward-looking

-Nov-18 4Q18E Indorama Ventures 3rd Quarter 2018 MD&A 12 Forward-looking Statements The statements included herein contain “forward-looking statements” of Indorama Ventures Public Company Limited (the

than total inventory as used in Core EBITDA concept and recognizes the lag impacts fully. 9 Forward-looking Statements The statements included herein contain “forward-looking statements” of Indorama

, nothing in this document should be construed as constituting legal, business, tax or financial advice. This material contains “forward-looking” statements that relate to future events, which are, by their

. PDI remains actively looking for projects with acceptable risks and substantial returns, in South East Asia and beyond, targeting area’s such as Energy, Eco and Materials. Other M&A targets, when

with installed capacity of 10.5MW in Japan is under construction and expected to COD in Q1 2018, which will boost the total capacity to 50MW. PDI remains actively looking for projects with acceptable

Looking The Company is well aware of the situation of the performance was not in line with the target. The performance of the Company will be improved in Q4/2018. Both revenues and cost will be management

ratio is 0.85 times and lowers than the same period last year. JAS Asset Management Discussion and Analysis, Q3/2019 Page 4/4 Forward Looking Currently, The Company is delivering the condominium units the

, Pattaya, Krabi, etc. and the utilization rate is quite high. Thus, the Company is looking to search new additional areas covering Thailand such as beach view or tourist attractions, together recreation

) For the next financial year ending 31 January 2022 (“FY2021/22”), INGRS is looking for a promising improvement in automotive industry. In general, from the forecast released by automotive association