organization levels were controlled following the cost reduction initiative to combat COVID-19 situation. In addition, put off 2020 capital expenditure plan to prepare sufficient liquidity amidst uncertainty

and Analysis EXECUTIVE SUMMARY ABBREVIATION & OUR PROJECTSFINANCIAL PERFORMANCE FINANCIAL POSITION PROGRESS OF PROJECTS UNDER CONSTRUCTION EXECUTIVE SUMMARY 1 B.Grimm stands with our stakeholders to

.) Government spending and investment in infrastructure despite a lower rate of growth due to the delay of government establishing and pending promulgation of 2020 capital expenditure 3.) growth in private

Capital Expenditure Program We continue to invest in the business to enhance overall production, vertical integration and quality of earnings. Improved cash flows and ongoing commitment from shareholders

plan for this business including a project to drive new demand for IPA, feedstock optimization and one line conversion to become switchable between IPA and PTA. Capital Expenditure Program IVL expects

February 2020. Capital Expenditure Program IVL expects its balance sheet and cash flow from operations to remain strong, and sufficient to meet its planned investments into growth engines. Table 3: Major

sales of light vehicles, U-shape recovery is expected with easing of situation and financial support given to Automobile sector by European government. Capital Expenditure Program IVL expects its balance

chain disruptions. Mobility improved before softened in March 2020 due to lower auto manufacturing. Capital Expenditure Program IVL expects its balance sheet and cash flow from operations to remain strong

and Analysis EXECUTIVE SUMMARY SIGNIFICANT EVENTS ABBREVIATION & OUR PROJECTSFINANCIAL PERFORMANCE FINANCIAL POSITION PROGRESS OF PROJECTS UNDER CONSTRUCTION EXECUTIVE SUMMARY 1 Successful Glow SPP1

and Analysis EXECUTIVE SUMMARY ABBREVIATION & OUR PROJECTSFINANCIAL PERFORMANCE FINANCIAL POSITION PROGRESS OF PROJECTS UNDER CONSTRUCTION EXECUTIVE SUMMARY 1 Q2’2020 net profit grew 62.5% y-on-y