2018 MD&A 7 Capital Expenditure Program We continue to invest in the business to enhance overall production, vertical integration and quality of earnings. IVL balance sheet and cash flow generation are
the impact of US sanction which led to the depreciation of Russian ruble. However, domestic demand continued to expand, private consumption expanded well in most spending categories thanks to the
$150 million in 3Q18 vs $149 million in 3Q17, supported by increase in EOEG and integrated North American PTA margins. Indorama Ventures 3rd Quarter 2018 MD&A 9 Capital Expenditure Program We continue to
the impact of US sanction which led to the depreciation of Russian ruble. However, domestic demand continued to expand, private consumption expanded well in most spending categories thanks to the
unrestricted views of Lumpini Park. - Dusit Parkside, meanwhile, will feature 230 contemporary-styled units divided into one-and-two bedroom apartments ranging from 60-260 sq. m. o Central Park Shopping Complex
investment Cash Purchase of investment in subsidiary and affiliated Sale of investment in subsidiary and affiliated Cash spending for Purchase of property, plant and equipment Cash receiving from sale of
Cash spending for Purchase of property, plant and equipment Cash receiving from sale of property, plant and equipment Net cash flows from investing activities Cash flows from financing activities
investment in subsidiary and affiliated Cash spending for Purchase of property, plant and equipment Cash receiving from sale of property, plant and equipment Net cash flows from investing activities Cash flows
exhibited signs of ongoing growth, driven largely by exports and tourism. This is in line with the overall global economic improvement. Domestic spending enjoyed promising growth, as evidenced by brighter
income and expenditure of trade partners, with the aim of expanding the customer base within value chains. One noteworthy development was construction material operators who have acquired customers of