quarter of 2019, the Company’s revenues were 5,979 million baht, showing an increase of 754 million baht or 14% y-y and 6% q-q. This was the result of continued growth in core business revenues that

, increasing 1.0% YoY from improvement of core service business and efforts to control cost amid rising utilities and other costs environment. However, EBITDA declined -1.1% QoQ from seasonal factors on revenue

) 2661-6664 2 INDORAMA VENTURES PUBLIC CO., LTD (SET: “IVL”) MANAGEMENT DISCUSSION AND ANALYSIS (MD&A) FOR THE PERIOD OF 3Q 2017 (CONSOLIDATED) Table 1: Financial Summary - Core Financials of Consolidated

Ventures 2nd Quarter 2018 MD&A 1 Indorama Ventures Public Company Ltd Management Discussion and Analysis 2nd Quarter 2018 Structural Improvements Driving Earnings Momentum  2Q18 Core EBITDA up 63% YoY, 1H18

13% y-y. In the third quarter of 2018, the Company’s revenues were 5,225 million baht, an increase of 548 million baht or 12%y-y. This is the result of an increase in core business revenues by 11% y-y

. However, intense price competition resulted in 11%YoY drop in ARPU. AIS Fibre revenue in FY20 grew 22%YoY and accounted for 5.3% of AIS core service revenue. Enterprise business grew with digitalization

million cards (including 2.68 million credit cards and 5.95 million member cards), the net increasing of 110,800 cards from February 28, 2019. Covering networks nationwide, the Company has 105 branches

the result of continue growth in core business revenues that increased by 10% y-y, especially in personal loan and hire purchase products as well as a strong growth revenue from bad debt recovery by 42

 LTM 3Q18 Revenue $10.1 billion, +24% YoY, Core EBITDA margin 13.7%  Core EBITDA of $409m in 3Q18, +40% YoY; $1,379m LTM 3Q18 (45% YoY)  LTM 3Q18 Core EPS THB 4.49, +65% post 11.1% dilution from

2016, increasing by 1,742 million Baht or 11 %. Most of the total revenue was the contribution of Triple T Broadband Public Company Limited (“TTTBB”). In 2018, Triple T Broadband Public Company Limited