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

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

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

leading integrated margins at scale. Our advantaged portfolio across the three business segments, supported by our transformation programs, is expected to yield in our 2023 business plan superior ROCE in

promising opportunities in new growth segments, supported by well- established positions of Integrated PET and Fibers, IVL portfolio is poised for growth and accordingly, we remain confident to double our

. Overall, we believe that with promising opportunities in new growth segments, supported by well- established positions of Integrated PET and Fibers, IVL portfolio is poised for growth and accordingly, we

and Recycling) Integrated PET production in 2018 was 7.8 million tons, up 14% YoY, supported by higher PET volume contributions from Brazil (since 2Q18), Egypt (since 3Q18) and debottlenecking in China

$150, up 23% YoY, supported by strong momentum across our geographically diversified, integrated PET portfolio, while HVA business had mixed results, with gains in PEO and Packaging, offset by negative

 Core EBITDA per ton rose to $153, all time record high, driven by accelerating momentum across our global integrated PET platform, while our HVA business had mixed results, with gains in PEO and

7,539 million Baht, increased by 29% YoY, supported by revenue from the ESSE Asoke which has started the transfer since December 2018 and operating profit contributed from the new acquisition of Outrigger