qualified SPP plants by May 2018. Key terms and conditions in the PPA are (1) Contract capacity 30 MW (2) Base capacity payment (CP0) 497.94 baht/KW/month (3) Base energy payment (EP0) 2.0086 baht/KWh and (4

High Net Worth investors and 3) tentative issue date in May 2018 Progress on development of solar projects in Vietnam BGRIM has agreed to develop large-scale solar power plants with an installed capacity

B.Grimm power plants, 6) medical equipment in Lao PDR and 7) surgical masks to South Korea. The 5 GW PPA target is maintained for 2022 while prudent investment analysis and risk management have always been

Quarter 2018 MD&A 1 Indorama Ventures Public Company Ltd Management Discussion and Analysis 3rd Quarter 2018 Milestone Revenues and Earnings, Structural Improvements, Enhanced Portfolio and Geographic Reach

Alternative Energy 1.3 1.1 -0.2 -18.7 Power Plants under Constuction 33.9 6.7 -27.2 -80.3 Share of Profit from Investments in Associates and Joint Ventures and Dividend Income 275.7 659.2 383.5 139.1 Foreign

Increase / (Decrease) 2.82 0.70 Total Liabilities - Restated 34,784.91 37,811.27 Equity Total Equity - Previously Reported 63,281.18 62,452.77 Retained Earnings Increase / (Decrease) (3,109.45) (3,041.29

megawatts, 15,130 megawatts or 30.7 percent of which were generated by EGAT power plants, and the remaining from other producers as follows; • Independent Power Producers (IPPs) 14,948 megawatts or 30.3

. Inclusive of the newly-acquired Glow SPP1, BGRIM has 19 gas-fired combined cycle cogeneration power plants and total operating capacity (from both cogeneration and renewable) of 2,200 MW as of Q’1 2019 while

continuously support and grow together with us. Commercial operation of ABPR4 From a total of 3 SPP power plants in Amata City Industrial Estate that have scheduled COD in 2018, ABPR4 is the second gas-fired

as total revenue of 16.75 million baht due to revenue from selling scrap of steel and zinc of 50.27 million baht, selling securities (RWI-W2) of 23.97 million baht, Biomass Power Plants businesses of