: The Operating results of the company and its subsidiaries Explanation of the operating performance for the 3-month period ended March 31, 2020 as in the consolidate financial statement has net profit

since mid of the quarter)  Net profit was B127mn, decreasing 15.4% YoY – from Covid-19 pandemic and effect of new accounting standard adoption of Bt1.41mn.  Total revenue from core business was Bt729mn

: +662 661 6664 Indorama Ventures 2nd Quarter 2020 MD&A 1 Executive Summary 2Q 2020 Financial Results • IVL achieved a core EBITDA of US$305M and an operating cash flow of US$300M. Core net profit grew to

acquisition of FKRMM's shares is a transac been a customer of NDR for more than 10 years, and in Malaysia with 4 distribution warehouse FKRMM,NDR’s profit will immediately share and retain the existing

1,113.20 996.70 116.50 11.69% Total Revenue 1,117.55 1,004.22 113.33 11.29% Net Profit for the Year 208.53 181.47 27.06 14.91% Net Profit for Shareholders of the Company 174.29 148.30 25.99 17.53% For the

996.70 819.10 117.61 21.68% Total Revenue 1,004.22 826.20 178.01 21.55% Net Profit for the Year 181.47 142.40 39.07 27.44% Net Profit for Shareholders of the Company 148.30 117.89 30.41 25.80% For the

Year 2017 Page 2 of 15 2015 2016 2017 MB % MB % MB % Employee benefit obligations 338.88 2.26 365.94 2.26 384.97 2.22 Advance Received for Rental Income from Associate 107.29 0.72 99.43 0.62 91.58 0.53

quality of food and safety standards throughout our operation, right from the animal feeds through the end products delivered to our customers. Furthermore, the Company maintains its competitive advantage

makers from public and private sectors and worldwide scholars are expected to participate and share their viewpoints and experiences which could benefit enhancement of national competitiveness

and Service 266.17 237.65 28.52 11.98% Total Revenue 269.91 238.32 31.59 13.25% Net Profit for the Period 53.50 47.07 6.43 13.66% Net Profit for Shareholders of the Company 42.13 38.17 3.96 10.38% For