than total inventory as used in Core EBITDA concept and recognizes the lag impacts fully. 9 Forward-looking Statements The statements included herein contain “forward-looking statements” of Indorama

E_1 Legal_FA_2015_12_29-c A brWCorpL.1hig A Executive Summary Management Discussion and Analysis For the Quarter Ending March 31, 2019 In the first quarter of 2019, the Thai economy continued to sustain its growth. Overall, however, it was plagued by weak exports and tourism amid the global economic slowdown. Aside from these challenges, businesses had to contend with more complex competition, regulatory changes, and technological advancements which affected consumer behavior. KASIKORNBANK has e...

expected to remain on plan. Indorama Ventures 2nd Quarter 2019 MD&A 13 Forward-looking Statements The statements included herein contain “forward-looking statements” of Indorama Ventures Public Company

of Things (IoT) will make security systems more vulnerable to cyberattacks. Looking forward, cyber security risk will remain critical in line with an increasing volume and value of economic and

forward-looking statement that involves various risks and uncertainties. These include statements with respect to our corporate plans, strategies, and beliefs. The statements are based on our management’s

EBITDA every 5 years. Indorama Ventures 1st Quarter 2019 MD&A 11 Forward-looking Statements The statements included herein contain “forward-looking statements” of Indorama Ventures Public Company Limited

remain confident to double our EBITDA every 5 years. Indorama Ventures 1st Quarter 2019 MD&A 11 Forward-looking Statements The statements included herein contain “forward-looking statements” of Indorama

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

Asian central banks reduced their policy rates continuously. Looking domestically, Thailand’s economic activity in many sectors declined in line with the overall global economy. The tourism sector in

Ref.No.IVL004/03/2018 21st March 2018 President The Stock Exchange of Thailand Subject: Indorama Ventures enters into a Joint Venture to acquire the integrated PTA- PET assets in Corpus Christi, Texas, USA