Indorama Ventures 1st Quarter 2019 MD&A 1 Indorama Ventures Public Company Ltd Management Discussion and Analysis 1st Quarter 2019 Highlights  Revenue $3.0 billion (THB 95.8 billion), +26% YoY  Core EBITDA

restructure of the Company’s group in order to cope with consequences from the current economic recession, including the industrial regression of business which is not core business of the Company, e.g

, including the industrial regression of business which is not core business of the Company, e.g. publishing business that is continuously in a period of stagnation, evidencing from the gradual shutdown of

to a 20% reduction in IVL’s core EBITDA. Operating cash flow through this period increased by 33% to $1.3B, as a result of lower prices and operational excellence. IVL has proposed a dividend of

growth driven by lifestyle fibers growth in India (IRSL). IVL reported US$281M of core EBITDA registering a more pronounced decline yoy as spreads came off from a strong 3Q18. IVL reported US$405M of OCF

nature of the core business, the Company may need to form a relationship, reliance4 or competition against other businesses of the major shareholder materially, the Company should explain the structure or

) 2661-6664 2 INDORAMA VENTURES PUBLIC CO., LTD (SET: “IVL”) MANAGEMENT DISCUSSION AND ANALYSIS (MD&A) FOR THE PERIOD OF 3Q 2017 (CONSOLIDATED) Table 1: Financial Summary - Core Financials of Consolidated

with its strategies and policies to engage in the core business of media and content, in which it has expertise, i.e. the production of media business, television media business, and news contents. The

: +662 661 6664 Indorama Ventures 1st Quarter 2020 MD&A 1 Executive Summary 1Q 2020 Financial Results • IVL achieved a core EBITDA of US$304M and an operating cash flow of US$340M, an increase quarter on

PUBLIC COMPANY LIMITED : DV8 The Financial Statements which need to be revised ( 0 record(s) found) Order Date Company Name Reviewed Financial Statement Details Data not found Form 56-1 : Annual