include reclassification of some items to be consistent with the presentation of the financial statements for the year ended 31 December, 2019. This reclassification has no effect on the operating results

various calculation methods, its presentation may not be comparable to similarly titled measures used by other companies. (4) Comprises of total revenue net dividend income, gain on foreign exchange

activities. Since there are various calculation methods, its presentation may not be comparable to similarly titled measures used by other companies. (3) Deduct loss on foreign exchange (4) Comprises of total

any other performance measure or as an alternative to cash flow from operating activities. Since there are various calculation methods, its presentation may not be comparable to similarly titled

cash flow from operating activities. Since there are various calculation methods, its presentation may not be comparable to similarly titled measures used by other companies. (3) Comprises of total

positively to the growth in EBITDA in 2019. As highlighted in the 2019 Capital Market Day presentation, IVL foresees the ability to invest $3 to 4 billion of projected free cash flow over the next 3-4 years

of which are contributing positively to the growth in EBITDA in 2019. As highlighted in the 2019 Capital Market Day presentation, IVL foresees the ability to invest $3 to 4 billion of projected free

performance measure or as an alternative to cash flow from operating activities. Since there are various calculation methods, its presentation may not be comparable to similarly titled measures used by other

performance measure or as an alternative to cash flow from operating activities. Since there are various calculation methods, its presentation may not be comparable to similarly titled measures used by other

performance measure or as an alternative to cash flow from operating activities. Since there are various calculation methods, its presentation may not be comparable to similarly titled measures used by other