2019. Figure 1: Core EBITDA Evolution Note: Core numbers, total of all regions may not match to IVL due to holding segment. Figure 2: Regional Performance Indorama Ventures 2nd Quarter 2018 MD&A 5

strong underlying performance as explained earlier. Figure 1: Core EBITDA Evolution V Note: Total of all regions may not match to IVL due to holding segment. Indorama Ventures 3rd Quarter 2018 MD&A 7

%. Meanwhile, total interest-bearing debt stood at THB 9,529 mn, a decrease from THB 17,904 mn from the previous year as a result of effective financial management to match the money and capital markets

recognized to match the actual revenue. In addition,the company has terminated its contractual partnership with the National Health Security Office .Meanwhile the revenue from general patient increased. 2

will adjust our production strategy to match with the domestic consumption and export the foreseeable in future. We would like to sincerely thank all our shareholders for their support and belief in the

expenses associated with GLAND’s operations since the acquisition in 3Q18 onwards. Nonetheless, CPN demonstrated prudent cost control measures and closely monitors the expenditure level to match revenue

customer approval criteria for commercial lending policies vis-à-vis small and micro businesses. Focus has been on formulating area- based lending strategies to match the different natures of businesses in

lending policies to match each industry to be better suited to the prevailing circumstances. At the same time, KBank has remained cautious in credit underwriting of retail customers’ loans, and focused

monitors the expenditure level to match revenue growth. Hence, the administrative expenses to total revenue ratio stood at 17.6%, which is slightly higher than the previous year’s at 17.4% (for 4Q19 stood at

หลักทรัพย์ (order ID) / หมายเลขบัญชี ซ้ือขายหลักทรัพย์ (account ID) กรณีที่มีการใช้หมายเลขประจ าเครื่อง แบบพลวัต (dynamic IP address) ผู้ประกอบธุรกิจต้องสามารถระบบุัญชี ผู้ใช้งานและ IP address ในช่วงเวลา