% Core EBITDA/ton ($) 102 113 140 (27%) 128 120 7% Operating Cash Flow5 261 250 241 8% 1,010 872 16% Net Debt to Equity (times) 0.92 0.87 0.61 51% 0.92 0.61 51% 1Consolidated financials are based upon

based upon elimination of intra-company (or intra-business segment) transactions 2Total of each segment may not always tally with consolidated financials due to holding segment 3Core EBITDA is Reported

the company still has total of 1,045 MW capacity in the pipeline with the SCOD by 2025 which would raise total capacity by 48% to 3,245 MW by 2025 (based on committed projects and their SCOD). SPP

transaction value equals to 10.70 percent based on the value of consideration basis. The highest transaction value is derived from this method of calculation, whereby the calculation is based on the Company’s

Disposition of Assets B.E. 2547, dated October 29, 2004 (as amended) (“Notification on Acquisition or Disposal of Assets”). The highest transaction value equals to 10.70 percent based on the value of

the amendments thereof) (“Notifications on Acquisition or Disposal of Assets”). The highest transaction size is 27.23 percent according to calculation basis based on total value of consideration which

downstream business in Integrated Oxides and Derivatives based out of advantaged Gulf Coast USA. Indorama Ventures 2nd Quarter 2019 MD&A 2 2Q 2019 Summary Financials Table 1: Core Financials of Consolidated

economic recovery once the outbreak is contained. Looking forward, the Thai economy will continue to face a high level of uncertainty so the MPC is standing ready to use additional appropriate monetary

IND: INDEX INTERNATIONAL GROUP PUBLIC COMPANY LIMITED INET: INTERNET THAILAND PUBLIC COMPANY LIMITED INGRS: INGRESS INDUSTRIAL (THAILAND) PUBLIC COMPANY LIMITED INOX: POSCO-THAINOX PUBLIC COMPANY

เนชั่นแนล กรุ๊ป จำกัด (มหาชน) INET: INTERNET THAILAND PUBLIC COMPANY LIMITED INGRS: INGRESS INDUSTRIAL (THAILAND) PUBLIC COMPANY LIMITED INOX: POSCO-THAINOX PUBLIC COMPANY LIMITED INSET: INFRASET PUBLIC