6661 Fax: +662 661 6664 Indorama Ventures 2018 MD&A 1 Indorama Ventures Public Company Ltd Management Discussion and Analysis For the year ended December 31, 2018 Milestone Revenues and Earnings
Company 2,200.99 1,101.05 1,099.94 99.9 Earnings per share (Baht) 1.52 0.76 Fuel Cost 8,090.95 9,607.32 Increase (Decrease) % Quarter 2 The operating result according to the consolidated financial
issues resulting in a shutdown. The plant eventually commenced commercial production on 02 May 2019 thereby losing production (and commensurate earnings) from 24 January 2019 till 01 May 2019. This has a
unforeseen mechanical issues resulting in a shutdown. The plant eventually commenced commercial production on 02 May 2019 thereby losing production (and commensurate earnings) from 24 January 2019 till 01 May
operation of solar projects in Vietnam DT1&2 solar projects (Xuan Cau Project) with an installed capacity of 420 MW, the largest solar project in ASEAN, commenced COD on June 3, 2019 and June 13, 2019
weak Core EBITDA down 37% YoY Volume growth 2% year-on-year (YoY) 2 cracker in the USA has also been completed and commenced operations on Jan 31st 2020. 2019 Summary Financials Table 1: Core Financials
earnings (EBITDA). Shareholders, including the majority shareholders, expressed their faith in the performance and future prospects of the Company and subscribed, in large numbers, to the warrants (IVL-W1
remaining two segments, Integrated Oxides & Derivatives and Specialty Chemicals are expected to resume their earnings from unplanned shutdowns, except IPA which we believe will recover over the next 12-18
that to owners rose by 20.8% to Baht 2,331 million. Normalised net profit (NNP) and that to owners were Baht 3,658 million and Baht 2,161 million respectively. Full earnings contributions from these new