Offeror : CLAREMONT HOLDINGS (THAILAND) LTD. | Date of submission of the Statement of Intention : 17/07/2001

Offeror : THE SIAM CEMENT PLC. | Date of submission of the Statement of Intention : 17/04/2003

machinery for production expansion of Packaging amounting to THB 35 mil. Net cash provided from financing received of THB 941 mil. due mainly to cash receipts from long-term loan of THB 333 mil. and increase

flexible packaging products, to repay the loans and used as working capital. Details are shown in Capital Increase Report Form (F 53-4) (Attachment 1). 4. Approved to propose to the EGM to amend Clause 4. of

). This was mainly contributed by the performance of “Fit Fast Firm” project, which drove down raw material and packaging costs (sugar, cullet, and other packaging materials), optimized product formulation

in domestic branded sales from new packaging launch, new crop season for canned fruit, improved domestic CMG sales plus good response of new product as well as continual growth of export branded sales

year, on top of 2018 on-going saving programs, our focuses will be on warehouse and distribution optimization, packaging optimization, new lighter weight bottles and more formulation optimization. The

$819 million, up 33% YoY  Earnings Per Share of THB 4.61, +16% YoY  Operating Cash Flow of $1.0 billion  2019 Earnings Guidance reaffirmed Indorama Ventures 2018 MD&A 2 2018 Summary Financials Table 1

expansion, driving the overall costs down. This year, on top of 2018 on-going saving programs, our focuses will be on packaging optimization, new lighter weight bottles and more formulation optimization. The

million, decrease in product packaging expenses of Baht 1.18 million, decrease in expenses from product claims of Baht 0.94 million, decrease in the consulting fee of Baht 0.78 million and decrease in fuel