: +662 661 6664 Indorama Ventures 1st Quarter 2020 MD&A 1 Executive Summary 1Q 2020 Financial Results • IVL achieved a core EBITDA of US$304M and an operating cash flow of US$340M, an increase quarter on

years ending 31 December 2016 and 2017, total revenue increased from THB 2,181.9 Mn to THB 2,515.2 Mn respectively. This was an increase of THB 333.3 Mn or 15.3% and was mainly due to the increased

baht, respectively. It increase 151.26 million baht or 31.10% when compared with Q3/2020. The reason for the increase income as a result increased sales of foreign products, the company has expanded the

million baht, respectively. It increase 3 2 .8 0 million baht or 5 .1 4 % when compared with Q3/2021. The reason for the increase income as a result increased sales of foreign products. and the company

increase in profits for the second quarter and the first six-month period of 2018 compared to the same periods of the previous year, as follows: The second quarter of 2018 Vs 2017 1. Revenue 1.1 Brokerage

baht compare with performance for same period of the prior year appear as comprehensive operating income 2.90 million baht, increase in net income from same period of the prior year 0.71 million baht or

of previous year by 3.82 percent. As for the 9-month period, the revenue from sales and services totaled Baht 3,362.29 million, an increase from the same period of previous year by 5.28 percent and the

with the same period of previous year with amount of 350.59 million baht which increase by 38.79 million baht or 11.06%, which resulted from the company had increase the revenue from flexible packaging

was an increase of THB 333.3 Mn or 15.3% and was mainly due to the increased in revenue from sales and service. The reasons for the increase was mainly due to (1) the opening of new branches, (2) the

income The company had revenue from sale for Q3/2017 ended September 30, 2017 of Baht 92.19 million, compare with the same period of previous year amount to Baht 70.65 million which increase Baht 21.54