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

Company’s present and future business strategies and the environment in which the Company will operate in the future and are not a guarantee of future performance. 2019 and 2021 projections are based on

and benchmarks in conducting business, as well as helps create an environment of dedicated and sustainable business practices. Dr. Kobsak Pootrakul, Vice Chairman of Thai Listed Companies Association

assessment, however, raised a point of Thai judicial procedure whereby the cases that have reached court conclusion were significantly outnumbered by the SEC?s complaints. (3) Political and Legal Environment

stakeholders, the society, and the environment. It is also a guideline for the board of directors? adjustment to the fast-changing world.The CG Code lays out the board of directors? general leadership roles

compared to the same period last year. Table 1: Sales Revenue by Product Line for the Three Months Period Ended 31 December (YoY) Product Line/ Business Group Consolidated financial statements Change

Summary of operations and the factors that make a significant change Summary of Operations for the Year 2018 Topic Annual Balance Change 2018 2017 2018 VS 2017 (MB) (MB) % Total Revenue 4,237.6 5,397.2

Q3–2020 Balance by Quarter Change Q3–20 Q2–20 Q3–19 Q3–20 VS Q2–20 Q3–20 VS Q3–19 (Million Baht: MB) (MB) % (MB) % Total Revenue 2,241.1 1,187.6 1,798.9 1,053.5 88.7 442.2 24.6 Total Operating Expenses

of useful lives with reference to the Health Study Report from an independent engineering expert and the repair and maintenance of buildings, machinery and equipment. This is considered the Change in

- 2019 Balance by Quarter Change Q1–20 Q4–19 Q1–19 Q1–20 VS Q4–19 Q1–20 VS Q1–19 (Million Baht: MB) (MB) % (MB) % Total Revenue 1,231.7 2,280.7 1,266.5 (1,049.0) (46.0%) (34.8) (2.7%) Total Operating