this momentum to continue in the quarters to come. 1Q 2018 Highlights Core EBITDA increased 49% year-on-year to $326 million, driven by strength in all segments and structural improvement in the
confident in our business model as our global footprint having regionalized ecosystem coupled with inelastic nature of products allow us to continue to sell at all times and create a steady stream of
improved by 31%, Fibers improved by 10% and feedstock improved the most by 46% Y-o-Y. We expect imports and customers to continue to exert margin pressure; however the im- provements seen in the PET business
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
Industry fundamentals continue to be positive, led by strong demand growth outlook for 100% recyclable PET, supply balance and on-going restructuring seen in the PET and PTA industry with limited new supply
Net operating debt to equity at 0.61 times with strong operating cash flow. Dividend payout remain much higher than its stated policy of 30% of net profits. Perpetual debenture of THB 15b refinanced at
from Japan perpetual license deal. Corrective actions and controls are in place to mitigate rising labor costs and improve forecasting and purchasing practices. Selling and Administrative Expenses In Q2
% decrease in gross profit versus prior year due to a challenging US retail environment higher food costs, changing product mix and 2017 carry over benefit of $700K from Japan perpetual license deal
productivity and costs. We continue to engage leading external experts to bring the tools and practices that will provide effective ways to execute the Olympus initiatives, enabling IVL businesses to achieve