2019. Figure 1: Core EBITDA Evolution Note: Core numbers, total of all regions may not match to IVL due to holding segment. Figure 2: Regional Performance Indorama Ventures 2nd Quarter 2018 MD&A 5

stores in the fourth quarter, mainly in Bangkok. Therefore, the numbers of stores by the end of the third quarter for all formats are as follows: (1) HomePro: 82 stores (2) HomePro S: 6 stores (3) Mega

numbers shown in this management discussion and analysis are likely to be different from the Company’s financial statement due to the rounding to 2-digit decimal and unit changed to million baht Turn-key

calculated from the net profit attributable to equity holders of the parent on consolidated financial statement. 2) Decimal numbers shown in this management discussion and analysis are likely to be different

economic slowdown. According to the Bank of Thailand data, at the end of December 2019, the credit card industry reported the total numbers of credit card industry amounted to 23.6 million cards, has grown

increase the numbers of gas stations selling B20 to 1,000 stations within end of this year. For natural fatty alcohols market, in 1Q2019, it was better than 1Q2018, as its price was more attractive than

Total administrative expense of the Company and subsidiary amounted to Baht 198 million, nearby numbers with same period of last year. (Separate: Baht 48 million, increased by Baht 24 million YoY. The

, reducing numbers of day branch employee come to work and negotiating with certain department stores for the exemption of rental expenses during the store closure and potential extension of the reduced rental

; (2) fraction numbers shall be used in the following manners: (a) two decimals and rounding of fractions according to international standards shall be used for the purposes of calculation of total asset

in US$ terms. However THB numbers are also given where needed. Readers should rely on the THB results only. Indorama Ventures 3rd Quarter 2018 MD&A 13 List of Tables Table 1 Core Financials of