for the first quarter ended 31 March 2020 (reviewed) as follows: Performance Overview Following the Coronavirus 2019 (COVID-19) pandemic that was severely impacted the global economy, including a

raw materials derogation amounting to THB 2,004 million net of tax income from deferred tax assets amounting to THB 84 million. Global Green Chemicals Public Company Limited Management’s Discussion and

: +662 661 6664 Indorama Ventures 2nd Quarter 2020 MD&A 1 Executive Summary 2Q 2020 Financial Results • IVL achieved a core EBITDA of US$305M and an operating cash flow of US$300M. Core net profit grew to

expanded at a slower pace compared to the previous quarter, with merchandise exports contracting as global trade weakened, resulting in a decline in domestic industrial production. Meanwhile, tourism

Yai, Chachoengsao, Rayong and Diana Branch. Industry Overview Thailand’s overall economy grew slower than expected in 1Q19 due to domestic and global factors. The biggest impact is from the global

tourism sector has grown at a slower rate in response to the weakening global economy and the stronger Baht. In addition, private consumption grew at a slower pace and private investment shrank as a result

glycerine price driven by glycerine supply glut since biodiesel blending rate has been increased by leading biodiesel producers in global market. As aforementioned, the company posted net loss of THB 97

Global Green Chemicals Public Company Limited Management Discussion and Analysis | 1 Management Discussion and Analysis For the operating results of 2Q/2019 Global Green Chemicals Public Company

repercussions on the global economy, compounded by a steep recession. It was a grim scenario, with uncertainty looming large. One year later, we stand in a very different place. Brent crude oil price has had a

). Moreover, the Thai economic outlook would underperform below the baseline projection because; 1. The global economy could enter a severe recession and Thailand’s tourism sector could take a long time to