both earnings and operating cash flows; IVL continues to optimize working capital through supply chain financing with a target reduction of three days in gross working capital 10 Forward-looking

synergies on Spindletop acquisition • Start Lake Charles gas cracker in 1Q 2020 • Extract synergies in mobility, lifestyle and hygiene segments • Focus on organic growth via innovation Forward-looking

talent management systems that is recognized as best-in-class Indorama Ventures 2nd Quarter 2020 MD&A 9 Forward-looking Statements The statements included herein contain “forward-looking statements” of

with a bench of leaders and talent management systems that is recognized as best-in-class. Indorama Ventures 1st Quarter 2020 MD&A 8 Forward-looking Statements The statements included herein contain

ดำเนินงาน และภาระผูกพัน ทั้งสำหรับงวนที่ผ่านมาและที่จะเกิดขึ้นในอนาคต (forward looking) ดังนี้ด้วย (1) อธิบานรายการจำหน่านทรัพย์สินว่า ใช้นโยบายการบันทึกบัญชีในลักษณะใด เช่น "ขายขาด" (true

customers. In a world looking for shorter and smart supply chains, IVL has uniquely integrated with global customers actively engaged in re-shoring. During 2Q19, the business integrated its 16 units in 8

. For residential business, the Company strongly believe that thanks to prime location of the Company’s residential projects as well as demand from foreign buyers looking for a second home in Thailand due

Enterprise businesses which rose on digitization demand from home and business customers. The mobile business leadership was sustained with AIS focusing on quality acquisition and profitable segments despite

. The growth was attributed to both solid ongoing operations as well as new acquisition of TTTBB, while sustaining a healthy margin of 49% through a focus on profitable revenue and efficient cost

expected that Dolsiri Development, the joint-stock company, would be profitable and LPN will earn a profit from the divided received from the project. 8. Source of Funding The source of funding will be the