661 6664-5 www.indoramaventures.com Ref.No.IVL005/03/2020 19th March 2020 President The Stock Exchange of Thailand Subject: Update on the construction of the integrated PTA-PET assets in Corpus Christi

and targeted to lead to $350 million in run-rate cost savings by 2023. These initiatives and the strategic acquisition of the Huntsman Integrated Ethylene and Propylene Oxide (EO & PO) assets (code

THB 2.6B. • Strong performance for Combined PET, given COVID disruption, driven by strong PET demand, higher Integrated PET spread, lower costs, improved PIA margin. • Integrated Oxides & Derivatives

downstream business in Integrated Oxides and Derivatives based out of advantaged Gulf Coast USA. Indorama Ventures 2nd Quarter 2019 MD&A 2 2Q 2019 Summary Financials Table 1: Core Financials of Consolidated

quarter driven by resilient sales and margins in Integrated PET, USA PX and PIA businesses. Core net profit grew to THB 1.6B • Core EBITDA grew in all segments and in all regions as our products primarily

200 basis points lower. TRIS has reaffirmed IVL’s AA- rating, with Spindletop (part of Huntsman’s assets) factored in. Industry spreads lower in Integrated PET, MEG, IPA, and Lifestyle fibers vertical

our view is overstated. We are surely in a backwardation where current deliveries are fetching steep premiums. The positive sentiments are driven by the vaccine rollouts which in many countries is just

EBITDA2,3 304 318 326 (7)% 1,419 1,112 28% PET 145 113 116 25% 617 356 73% Fibers 77 72 55 39% 261 218 20% Feedstock 78 136 151 (49)% 540 535 1% New Segments Integrated PET 192 171 142 35% 841 466 81% Fibers

% Core EBITDA2,3 304 318 326 (7)% 1,419 1,112 28% PET 145 113 116 25% 617 356 73% Fibers 77 72 55 39% 261 218 20% Feedstock 78 136 151 (49)% 540 535 1% New Segments Integrated PET 192 171 142 35% 841 466

178 116 18% New Segments Integrated PET 791 414 91% 171 256 114 51% Olefins 232 145 60% 50 52 53 (4)% Fibers 211 181 17% 64 49 47 36% Packaging 48 37 29% 13 11 10 29% Specialty Chemicals 158 229 (31