. 4Core EBITDA is Reported EBITDA less inventory gains/(losses) 5Core EPS is Reported EPS less inventory gains/(losses) less one-time extraordinary items Indorama Ventures 1st Quarter 2018 MD&A 3 Summary We
| 2 Executive Summary In 2019, overall palm oil production and crude palm oil ( CPO) inventory remained high in both domestic and international market, although the inventory plunged to a minimum record
provision of the Notification of the Office of the Securities and Exchange Commission concerning Determination of Untrustworthy Characteristics of Company Directors and Executives shall apply, mutatis
are deemed as having untrustworthy characteristics of a publicly held company director and executive on the grounds that the SEC filed the criminal complaint against them which has caused the
DSI for its consideration to take further legal action. The allegation shows that the accused are considered to be untrustworthy to perform duties as directors and executives of a securities issuing
executives shall be listed on the database of directors and executives of the securities issuing companies. 4. The controlling persons shall not have any of the untrustworthy characteristics. 5. No record of
-end of 2018 and Q2/2019 was THB 665.3 MB and THB 619.1 MB respectively, equivalent to 55.7% and 52.4% of total assets respectively. The Company’s the finish goods inventory as of year-end of 2018 and Q2
cash equivalents in which accounted to THB 393.9 MB and THB 99.6 MB respectively or equivalent to 30.7% and 10.0% of the total assets. Secondly, the finish goods inventory in which accounted to THB 501.8
capital. The key success factors of this business depend on the inventory management, the logistic systems that meet the clients’ needs in time, cost of capital, receivables management and sales revenue
was mainly due to an improve on the inventory cost management continued from year 2017 as well as sales mix management in each product category efficiently. However, the Company still strictly