in freight charges. Administrative expenses on 1st quarter of 2020 increased significantly 171.40 percent from the same period of last year, mainly due to loss on forward contract and administrative

: +662 661 6664 Indorama Ventures 2nd Quarter 2020 MD&A 1 Executive Summary 2Q 2020 Financial Results • IVL achieved a core EBITDA of US$305M and an operating cash flow of US$300M. Core net profit grew to

other persons’ accounts in such a way as to take advantage of other persons by using non- public material information concerning the fact that SUPER would sell off its assets of all kinds in its core

(0) 2661-6664 2 INDORAMA VENTURES PUBLIC CO., LTD (SET: “IVL”) MANAGEMENT DISCUSSION AND ANALYSIS (MD&A) FOR THE PERIOD OF 2Q 2017 (CONSOLIDATED) Table 1: Financial Summary - Core Financials of

proportion in core business from the minimum of 75% of the total number of voting rights to that of 50%, strengthening investor protection by revising rules on holding company?s investment structure to ensure

a tangible approach to the debt repayments.  The SEC viewed that EARTH ' s core business is coal trading for which liquidity management is crucial. And in the past EARTH used loans from financial

relevant to its core or non-core businesses to enhance flexibility and efficiency of their business operations.  In principle, the business operators must have an apparent outsourcing policy, measure

6.74 million which has decreased by THB 0.17 million or 2.53% from the 1st quarter of 2014 was THB 6.91 million. 4. Sea Freight Carrier Business Revenues from Sea Freight Services, operated by the

ทางบกจึงมีผลท าให้ รายได้จากการบริการจัดการโลจิสติกส์เพิ่มขึ้นจากเดิม หนา้ 3 จาก 5 Sea Freight, 610.64, 33% Air Freight, 854.74, 47% Logistics, 366.73, 20% Sea Freight, 635.03, 46% Air Freight, 465.59

0.98 7,632 6,869 95.85 Edible Oil 7,471 13,281 1.62 - - - 7,471 13,281 100.00 Total Refining 23,066 27,316 3.33 7,963 7,166 0.98 15,103 20,150 281.20 3. Sea Freight Carrier - - - - - - - - - 4. Other