)% Specialty Chemicals 40 158 (74)% 2 16 22 (90)% Core EBIT 598 1,000 (40)% 54 136 190 (72)% Core Net Profit after Tax and NCI4 387 789 (51)% 8 92 121 (93)% Core Net Profit after Tax and NCI (THB m) 12,002

. Unplanned shutdown contributed to $37m EBITDA decline in LTM; facility is now back online and operating on plan. Specialty Chemicals The specialty chemicals segment has shown lower earnings mainly due to a

remaining two segments, Integrated Oxides & Derivatives and Specialty Chemicals are expected to resume their earnings from unplanned shutdowns, except IPA which we believe will recover over the next 12-18

6661 Fax: +662 661 6664 Indorama Ventures 2018 MD&A 1 Indorama Ventures Public Company Ltd Management Discussion and Analysis For the year ended December 31, 2018 Milestone Revenues and Earnings

A String of Earnings Increases, Future Earnings Uncertainty, and Firm Fundamentals* Sarayut Rueangsuwan † Kasetsart University, Thailand August 2015 Abstract Prior literature on meeting or beating

million baht mainly due to 5% growth in Chemicals trading business from 927.7 million baht to 969.6 million baht. Sales income from subsidiary dropped 13% from last year, from 26.1 million baht to 22.6

Period As Of Details GLOBAL GREEN CHEMICALS PUBLIC COMPANY LIMITED 2022 Reviewed Consolidated Q3 30/09/2022 GLOBAL GREEN CHEMICALS PUBLIC COMPANY LIMITED 2022 Reviewed Company Q3 30/09/2022 GLOBAL GREEN

same level as the previous year. - Profit before income tax expenses was down by 32% from 59.7 mil. baht to 40.3 mil. baht mainly due to eroding gross profit from Chemicals business as competition

Offeror : SOLVAY CHEMICALS AND PLASTICS HOLDING B.V. | Date of submission of the Statement of Intention : 15/12/2009

Offeror : SOLVAY CHEMICALS AND PLASTICS HOLDING B.V. | Date of submission of the Statement of Intention : 21/12/2009