(0) 2661-6664 2 INDORAMA VENTURES PUBLIC CO., LTD (SET: “IVL”) MANAGEMENT DISCUSSION AND ANALYSIS (MD&A) FOR THE YEAR ENDED DECEMBER 31, 2017 (CONSOLIDATED) Table 1: Financial Summary - Core Financials

targeting tourists and focusing on duty free shop distribution. Table 1 : Sales Revenue by Product Line for the Three Months Period Ended 30 June Product Line/ Business Group Consolidated financial statements

facial cleansing products gained most popularity from customers in the Philippines. Table 1: Sales Revenue by Product Line for the Three Months Period Ended 30 September Product Line/ Business Group

2019 Summary Financials Table 1: Core Financials of Consolidated Business Quarterly Last Twelve Months $million (except where stated otherwise) 3Q19 2Q19 3Q18 3Q19 YoY LTM 3Q19 LTM 3Q18 LTM YoY

the amount of 36.2 million Baht or 9.6 percent. For other income amounted 14.2 million Baht compared previously year 10.9 million Baht. Table below shows the share of revenues in 2017 comprised of

(please specify the name(s) of parties executing the transaction with the reporting person (if known)) ( ✓ ) Direct sale/purchase MESA THAI PTE. LTD. ( ) Subscription in excess of rights offering

material decrease in sales from China. The Company has plans to expand further to other potential countries and is in the process of conducting market feasibility studies in those markets. Table 1: Sales

basis  Attractive and accretive production pipeline heading into 2019 Indorama Ventures 2nd Quarter 2018 MD&A 2 2Q 2018 Summary Financials Table 1: Core Financials of Consolidated Business Quarterly Last

pipeline into 2019 Indorama Ventures 3rd Quarter 2018 MD&A 2 3Q 2018 Summary Financials Table 1: Core Financials of Consolidated Business Quarterly Last Twelve Months $m 3Q18 2Q18 3Q17 3Q18 YoY LTM 3Q18 LTM

approximately US$300-350M per year. 5 1Q 2021 Summary Financials Table 1: Core Financials of Consolidated Business $million (except where stated otherwise) 1Q21 4Q20 1Q20 1Q21 QoQ 1Q21 YoY Production Volume (MMT