downstream business in Integrated Oxides and Derivatives based out of advantaged Gulf Coast USA. Indorama Ventures 2nd Quarter 2019 MD&A 2 2Q 2019 Summary Financials Table 1: Core Financials of Consolidated
budget. The projects already contributed Baht 183 million revenue in Q2’19 based on the 20-year PPA with Electricity of Vietnam (EVN) with tariff of USD 9.35 cent per kWh. DT1&2 solar projects and Phu Yen
107 42% 132 97 36% Operating Cash Flow 240 249 258 (7)% 923 966 (4)% Net Operating Debt to Equity (times) 0.45 0.39 0.84 (46)% 0.45 0.84 (46)% 1Consolidated financials are based upon elimination of
independent travelers. According to statistic, visitors from Southeast Asia, combining with East Asia, reveals the highest growth of 12.8 percent year-on-year. However, a decline in Chinese tourist arrival is
market items. This was coupled with a decline in interest expenses on debt issued and borrowings from the early redemption of subordinated debentures No. 1/2012 in December 2017 and the maturity of foreign
decline in September 2.) growth in private consumption supported by higher household income in various sectors, including agriculture, and recovering consumer confidence, whilst inflation level also grew
calculation of the transaction value based on the total value of consideration relative to the total asset value per the Company’s consolidated financial statements reviewed by the certified public accountant
and according to target. In 3Q19, growth in the Thai economy decelerated primarily driven by a decline in export growth from world-trade sluggish effecting from Trade War. However, the Thai economy is
Coefficient of variation = Standard deviation/Mean, higher the coefficient of variation, higher the variability in the data Note: IVL NAM Spreads over raw material based on 100% PET integration from Ethane