September 2017 total assets of consolidated financial statements increased by Baht 115.18 million or 4.7% compared with last year. An increase mainly arise from cash equivalents of Baht 32.77 million since

had higher sales than the quarter 4 of year 2017. However the said customers still have the active status. Whereas cash and cash equivalent decreased Baht 31.04 million mostly from repayment of loan and

of the Company and its subsidiary increased by Baht 132.37 million or 5.46% compared with last year, mostly due to an incremental in cash and cash equivalents of Baht 72.40 million which resulting from

to a 20% reduction in IVL’s core EBITDA. Operating cash flow through this period increased by 33% to $1.3B, as a result of lower prices and operational excellence. IVL has proposed a dividend of

contribute high gross margin; 4) marketing activities to help dry stock at trade stores and prepare for new packaging launch in Q3; and 5) increased administrative expenses from higher personnel expenses to

: +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

flexible packaging products, to repay the loans and used as working capital. Details are shown in Capital Increase Report Form (F 53-4) (Attachment 1). 4. Approved to propose to the EGM to amend Clause 4. of

Net operating debt to equity at 0.61 times with strong operating cash flow. Dividend payout remain much higher than its stated policy of 30% of net profits. Perpetual debenture of THB 15b refinanced at

to Baht 298.86 million which increase Baht 51.73 million or 17.31%, due to the company had recognized income from sale on flexible packaging Baht 41.80 million and the sale on plastic sack increased

was the decrease in cash and cash equivalents to pay dividends during the year amount of Baht 45.95 million. As at 31 December 2019, the consolidated liabilities of the Company and its subsidiary