Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 1 of 14 Executive Summary CPN’s revenues continues to grow primarily from strong shopping mall performance

) 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

 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

businesses will be the core platform for continuous growth in selective upstream & downstream integration over the next 5-10 years. On a proforma basis, this acquisition will add 25% to IVL’s 2018 core EBITDA

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

Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 1 of 15 Executive Summary CPN’s revenues continues to grow according to its business plan. In 1Q19, the Thai

Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 1 of 15 Executive Summary The Company effectively manages all businesses to mitigate the impact of COVID-19

the statement and combined them into one line below corporate tax expense called “Profit for the period from discontinued operation, net of tax” (See Note 7 to our interim financial statements for the

when combined with the acquisition of assets in the period of 6 months occurred before the date of the BOD has approved the acquisition of the WPS is the acquisition of Solar Power Projects with capacity

and combined them into one line below corporate tax expense called “Profit for the period from discontinued operation, net of tax” (See Note 7 to our interim financial statements for the three-month and