holding segment 3Core EBITDA is Reported EBITDA less Inventory gains/(losses) 4Core Net Profit is Reported Net Profit less Inventory gains/(losses) one-time extraordinary items 5Operating Cash Flow is after

one-time extraordinary items Indorama Ventures 2nd Quarter 2018 MD&A 3 Summary IVL delivered another record quarter, with improvements in production volumes and margins across all key segments and

and 13486, including relevant licenses 6,336 square meters 3 76 items of machinery and equipment for the manufacturing business, including relevant licenses - The disposal of such assets is intended to

% 1,917.43 57.4% 9.7% Advertising income 4.61 0.6% 4.04 0.5% 7.15 0.9% 77.0% 55.1% 11.54 0.4% 21.07 0.6% 82.6% Total revenue from core business (3 items) 832.82 100.0% 831.82 100.0% 819.27 100.0% -1.5% -1.6

income Other income worth 818 million baht in 2018 consists of the following key items; - Interest income of 240 million baht, increase about 47 million baht and 43 million baht from 2017, and 2016

decreased Baht 5.2 million and Baht 2.5 million respectively. However, these expense items consist of selling expenses, administrative expenses and finance cost are increased Baht 13.4 million, Baht 48.7

liabilities to total equity ratio was of 1. 20:1 time and the Interest bearing debts to total equity ratio was of 0. 98:1 time. The liabilities comprised of major items which follow;- 2.2.1 Account payable and

change. Other income Other income worth 725 million baht in 2019 consists of the following key items; - Interest income of 238 million baht, decrease about 2.4 million baht from 2018 due to some of

% Advertising income 7.15 0.9% 3.41 0.4% 13.20 1.7% 287.1% 84.6% 21.07 0.6% 21.16 0.7% 0.4% Total revenue from core business (3 items) 819.27 100.0% 780.16 100.0% 764.34 100.0% -2.0% -6.7% 3,339.04 100.0

, Bangkok 10900, having the agenda items as follows: Agenda 1 To consider and certify the minutes of the 2017 Annual General Meeting of Shareholders Agenda 2 To consider and approve the increase of the