aiming for production automation in Thailand under the “Delta Smart Manufacturing” scheme. Liabilities and Liquidity As of 31 December 2019, the Company’s total liabilities amounted 12,952 million baht, a

of Short Term Loans 15,000,000 15,000,000 2. Use as Working Capital 289,482,430 - 3. Investment in New Business Venture - 289,482,430 Total Amount 304,482,4301/ 304,482,430 Remarks1/ The amount of

supply 41.56 31.25 32.99 - Installation of water production systems and construction of turnkey water treatment systems 29.25 3.40 760.29 Other income 1.94 6.50 (70.15) Total revenues 380.77 280.20 35.89

announced in the late of March 2020. Gross Profit and Gross Profit Margin • The Company’s gross profit in Q1/2020 were THB 137 million which decreased by 27% from Q1/2019 corresponding to the drop in total

) Million baht % Total Revenues 424.76 444.51 (19.75) (4.44) Cost of Goods Sold and Services 448.36 428.19 20.17 4.71 Sales & Administration Expenses and Financial Cost and Tax Expense 20.02 22.54 (2.52

% Total Revenues 450.56 382.22 68.34 17.88 Cost of Goods Sold and Services (439.72) (360.55) 79.17 21.96 Sales & Administration Expenses and Financial Cost and Tax Expense (27.77) (23.88) 3.89 16.29 Net

income 3.33 6.20 -2.87 -46.29 Other income 1.14 0.44 0.7 159.09 Total Revenues 63.53 70.46 -6.93 -9.84 Cost of constuction 87.62 63.58 24.04 37.81 Cost of services 2.89 7.99 -5.10 -63.83 Administrative

results  In Q2/2018, the Company and its subsidiary recorded total sales of Baht 1,327 million, a decrease of 3% YoY, following a drop in export CMG sales. However, export branded sales jumped supported by

basis  Attractive and accretive production pipeline heading into 2019 Indorama Ventures 2nd Quarter 2018 MD&A 2 2Q 2018 Summary Financials Table 1: Core Financials of Consolidated Business Quarterly Last

31 March 2020 in comparison with the corresponding period last year ended 31 March 2019 1 Revenue from sales Total revenue from sales were THB 4,061 million, an increase of THB 700 million or 20.8