Tax Expense (11.0) (19.8) -44.5% (17.3) (26.6) -34.9% Profit attributable to Owners of the Parent 857.5 295.9 189.8% 1,281.8 1,012.0 26.6% Foreign Exchange Gain (Loss) 162.3 (315.3) -151.5% 256.9 (64.7

(99.13) Income tax expenses 5.34 9.67 (44.78) 5.46 (2.20) 10.79 17.84 (39.52) Net profit 20.89 36.30 (42.45) 22.68 (7.89) 43.56 68.95 (36.82) Earnings before interest, taxes, depreciation and amortization

Profit (Loss) (72.28) 42.70 (114.98) (269.26) Earnings per share (Baht per share) (0.02) 0.01 (0.03) (269.26) Net Profit The company and subsidiaries realized net loss of Year 2017 ended as of December 31

) Net Profit (Loss) (72.28) 42.70 (114.98) (269.26) Earnings per share (Baht per share) (0.02) 0.01 (0.03) (269.26) Net Profit The company and subsidiaries realized net loss of Year 2017 ended as of

2020, without consideration of the effect of foreign exchange gain (loss) of the Company and subsidiaries showed the profit of THB 1,983.85 million, increasing by THB 280.62 million from the same period

: +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

million Baht y-on-y Other revenues 127 75 -41.2% Share of profit (loss) of associates 153 173 13.3% Gain (Loss) on exchange rate 135 (28) -120.4% Other Revenues  Other revenues decreased 41.2% year-on-year

Earnings per share of THB 4.12, +26% YoY.  IVL achieved Operating Cash Flow of $1.0 billion  Core net profit after tax and NCI of $741 million, up 37% YoY. Regional Highlights Indorama Ventures 1st Quarter

Earnings per share of THB 4.12, +26% YoY.  IVL achieved Operating Cash Flow of $1.0 billion  Core net profit after tax and NCI of $741 million, up 37% YoY. Indorama Ventures 1st Quarter 2019 MD&A 5

Core Profit after tax and NCI to Reported Net Profit USD in Mill ions 2Q17 1Q17 2Q16 LTM 2Q17 LTM 2Q16 (R) LTM YoY% Core Net Profit after Tax and NCI 110 95 84 360 206 75% Inventory gain (loss) (22) 38