both earnings and operating cash flows; IVL continues to optimize working capital through supply chain financing with a target reduction of three days in gross working capital 10 Forward-looking

synergies on Spindletop acquisition • Start Lake Charles gas cracker in 1Q 2020 • Extract synergies in mobility, lifestyle and hygiene segments • Focus on organic growth via innovation Forward-looking

talent management systems that is recognized as best-in-class Indorama Ventures 2nd Quarter 2020 MD&A 9 Forward-looking Statements The statements included herein contain “forward-looking statements” of

with a bench of leaders and talent management systems that is recognized as best-in-class. Indorama Ventures 1st Quarter 2020 MD&A 8 Forward-looking Statements The statements included herein contain

ดำเนินงาน และภาระผูกพัน ทั้งสำหรับงวนที่ผ่านมาและที่จะเกิดขึ้นในอนาคต (forward looking) ดังนี้ด้วย (1) อธิบานรายการจำหน่านทรัพย์สินว่า ใช้นโยบายการบันทึกบัญชีในลักษณะใด เช่น "ขายขาด" (true

while also improving efficiency in the Conglomerate’s risk and reserve management as well as capital adequacy and liquidity position assessment for improvement of the Conglomerate’s forward-looking and

with that, we developed our business in various dimensions – from customers to product domains and service channels – so that customers’ financial service needs are efficiently met by 9 our solutions and

order to enhance lending efficiency and minimize credit risk. Along with this, we developed digital lending in order to reach out to payroll customers, SME operators and customers acquired through our

projects underway which are not yet completed and have not yet started contributing to the earnings of IVL. Forward-looking Statements The statements included herein contain “forward-looking statements” of

not yet started contributing to the earnings of IVL. Forward-looking Statements The statements included herein contain “forward-looking statements” of Indorama Ventures Public Company Limited (the