benefit from structurally improving margins and capturing the volume opportunities. IVL has achieved notable progress on multiple strategic fronts and is increasingly well positioned to deliver sustainable

-ups in Egypt and Portugal and significantly higher crude oil environment. Indorama Ventures 3rd Quarter 2018 MD&A 4 Strategic Progress Structural Change in Industry and IVL initiatives 2018-2019

enhancing the Com- pany’s HVA portfolio. In September 2017, Indorama Ventures made its debut in the Dow Jones Sustainability Index (DJSI Emerg- ing Markets) and was ranked among Top Five of all chemical

final blueprint Example Project A progress % billing % Q3’20 10 - Q3’20 20 - Q4’20 15 10 Q4’20 35 20 Q1’21 20 50 Q2’21 - 20 100 100The entity measures progress according to % billing recognise revenue 99

Southeast Asia. Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 11 of 12 Apart from the expansion plan, CPN continues to focus on enhancing the value of existing assets

GLOW within 2019. Progress Report on the last round of GLOW’s Delisting Tender Offer On 30 April 2019, Mrs. Wanida Boonpiraks, Executive Vice President, Corporate Finance and Accounting, received CFO of

2024 10© Indorama Ventures 2024 3.2 million tons carbon footprint reduction from recycling (2011- 2023) 2023 SDGs progress 109 billion PET bottles recycling (from 2011 – Dec 2023) 2.2 millions tons of

future. The new preventive measures will also come with traceability, enhancing the ability to trace back the route of the product. At the current stage, the Company is working on process improvement

acquisition date, non-recurring expenses and share of investment in JV and associates. PERFORMANCE ANALYSIS (2017/18 vs 2016/17) 2017/18 was another year of solid progress for VGI. The Company achieved the

of the international school by 1Q 2020. The Company expects to make further progress in its asset divestment during 2H 2018. The remaining assets to be divested totaling THB 2.3bn are 2 plots of land