conducting its business at a high standard of Good Corporate Governance practices, particularly regarding the rights and equitable treatment of its shareholders. It is our responsibility to enhance the

growth plans Indorama Ventures 1st Quarter 2018 MD&A 4 Portfolio Development We continue to upgrade our portfolio through organic growth, operational excellence initiatives, value accretive acquisitions

the sale growth of products during the period as compared. However, the Company has shown continuing effort to improve its net profit margin and is still expecting for an upgrade performance in the

continually and closely monitoring the trend to improve its net profit margin and is still expecting for an upgrade performance in the upcoming year. Please be informed accordingly Sincerely Yours

’ confidence and derail several countries’ economic recoveries over the medium term. Regarding monetary policy direction of central banks worldwide, the US Federal Reserve may gradually raise its policy rate

aspirations Indorama Ventures 2nd Quarter 2018 MD&A 4 Portfolio Development We continue to upgrade our portfolio through organic growth, operational excellence initiatives, value accretive acquisitions and

uncertainties both at home and abroad resulted in volatility of both foreign exchange and return on investment. In the first quarter of 2019, the Baht strengthened due to eroding confidence in the US Dollar amid

essential for sustainable business operations. Aside from creating confidence among all stakeholders, it is instrumental in making KBank a Bank of Sustainability. In this quarter, KBank granted the rights to

0.5 percent of the total Thai workforce. This group of workers falls short of their work potential, having more time and seek to work full-time job. It is a real challenge for Thailand to enhance the

enhance risk management effectiveness. Board of Directors Risk Management and Control Units Enterprise Risk Management Division Customer and Enterprise Service Fulfillment Division KASIKORN BUSINESS