Thailand (EGAT) at the end of 2019, but CPO price substantially increased beyond selling price to EGAT. Consequently, most crushing mills delayed supplying CPO until April 2020. In addition, Ministry of

included other income) increased substantially by 16% yoy. EBITDA margin rose from 25% of hospital revenue in 4Q18 to 26% in 4Q19. This was mainly attributable to the increase of non-SW revenue. Financing

contributed from online sales which increased impressively by 155.0%, “Younique Customized Furniture 4.0” which increased significantly by 55.1%, and domestic project which increased by 9.8%. • ILM successfully

quarter, the Company continues to grow substantially on the back of the collaboration with newly acquired companies and the development of media portfolio to digital platforms. We once again posted

, Rajthanee- Rojana Hospital’ s operation has improved substantially from the previous year. Going forward, business outlook is promising with the capacity expansion plan and significant growth of registered

foreign companies must be substantially comparable to Thai law, in particular, the material issues such as shareholder rights. In case of DRs, the permissible issues must satisfy that the DR underlying

-ups in Egypt and Portugal and significantly higher crude oil environment. Indorama Ventures 3rd Quarter 2018 MD&A 4 Strategic Progress Structural Change in Industry and IVL initiatives 2018-2019

significantly in recent years. While it is our stated goal of doubling the EBITDA every five years, based on the LTM 3Q17 performance, we have achieved this target in four years itself. Note: Core EPS for 2013

. However, the loss decreased substantially. Please be informed accordingly. Yours sincerely, Chanet Phenjati President

decreased substantially. Please be informed accordingly. Yours sincerely, Chanet Phenjati President