E_1 Legal_FA_2015_12_29-c A CCoorrppLL44..11hhiigg A Executive Summary Management Discussion and Analysis For the Quarter Ended June 30, 2017 The global economy in the second quarter of 2017

change in net working capital and cash tax, before maintenance capex Indorama Ventures 2nd Quarter 2019 MD&A 3 Summary 2Q19 results IVL’s performance for the first half and ongoing progress give us the

(SET), 4. Federation of Thai Capital Market Organizations, 5. Government Pension Fund (GPF), 6. Global Compact Network Thailand, 7. Social Enterprise Thailand Association, 8. SB Thailand, and 9. Thai

Board of Directors’ Meeting of G Steel Public Company Limited (the “Company”) No. 6/2017, held on July 14, 2017, at 4.30 p.m., which approved the capital increase of the Company by not more than THB

juristic person under the control of SSG Capital Holdings Limited (“SSG CH”), SSG Capital Partners III, L.P. (“SSG III”), and Kendrick Global Limited (“KG”) (collectively referred to as the “SSG Group”) for

”), a juristic person under the control of SSG Capital Holdings Limited (“SSG CH”), SSG Capital Partners III, L.P. (“SSG III”), and Kendrick Global Limited (“KG”) (collectively referred to as the “SSG

same period last year as a result of the continuing decline in global demand from the slow economic growth of trading partners, the protectionist trade policies between the US and China and the down

result of the continuing decline in global demand from the slow economic growth of trading partners, the protectionist trade policies between the US and China and the down-cycle of electronic products. In

global economy. For domestic sector, private consumption and private investment also showed positive signs with private consumption recovering strongly in the durable goods segment (especially in vehicles

market environment Growth continued for the Thai economy during the second quarter of 2018 with further expansion in the external sectors namely exports and tourism in line with the expansion of the global