Microsoft Word - 62-17_Eng_Explanation of the business profit for the quarter 2-2019.DOC FANCY WOOD INDUSTRIES PUBLIC CO., LTD. 357 MU 12 SOI SUKSAWAT84, SUKSAWAT RD., PRASAMUTJADEE, SAMUTPRAKARN

Microsoft Word - 61-12_Eng_Explanation of the business profit for the quarter 2-2018.DOC FANCY WOOD INDUSTRIES PUBLIC CO.,LTD. 357 MU 12 SOI SUKSAWAT84, SUKSAWAT RD., PRASAMUTJADEE, SAMUTPRAKARN

of tire-cords to the global tire industry which is growing at healthy rates.  Feedstock now contributes to around 50% of the earnings, making it the single largest segment, and provides IVL the

company used it for operating had been controlled, therefore, this caused the lack of major income. Now, though turnover remains make no profits, considering to the sales amount which keep growing

of Core Profit After Tax and NCI to Reported Net Profit 16 Table 6 Cash Flow Statement 16 Table 7 Debt Profile 17 Table 8 Joint Ventures Performance 17 Table 9 IVL Consolidated Statement of Income 18

rates. Income Tax was at Bt1,597mn, increased 3.5%YoY while decreased -8.6% QoQ aligned with profit before financial cost. The effective tax rate was 19.1%. Profit EBITDA in 1Q23 was at Bt22,636mn

Extraordinary Income/(Expense) (1) 0 (1) 18 (3) = Net profit after tax and NCI 105 86 92 401 381 5% *A gain on bargain purchase needs to be accounted for on completion of any acquisition under Thai Accounting

% 182.44 153.19 19% Earnings before interest, taxes and depreciation 102.79 92.44 11% 405.48 362.47 12% % Earnings before interest, taxes and depreciation 26% 25% 1% 25% 25% 0% Other income /(expenses) 5.09

earnings before interest, income tax and depreciation (EBITDA) amounted to THB 386.2 million, decreased by THB 163.6 million, or 29.8% yoy. The Company's net profit was THB 31.5 million, decreased by THB

Business Note: Holding companies earnings are allocated to all regions and all historical are restated accordingly Indorama Ventures 2nd Quarter 2018 MD&A 18 Table 7: Reconciliation of Core Profit After Tax