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
value to its shareholders. 2Q 2018 Highlights Core EBITDA increased 63% year-on-year to $388 million, driven by strong demand growth led by Asia supporting enhanced margins in the Polyester value chain
representing around 76% of proforma 2019 core EBITDA grew to over 95% of core EBITDA in 2Q20 where the in general demand decline caused by COVID19 and crude meltdown did not impact us, though enhanced our
the mechanism for supervising the service industry related to electronic transactions has been streamlined for enhanced clarity and in alignment with digital development for the economy and society
platform for innovation and growth 2018 Brazil PET Entering new continent as domestic PET producer with Brazil debut Enhanced opportunity to serve our customers in any part of the world Accelerates
, Structural Improvements, Enhanced Portfolio, New Investment Strategy In 2018: Revenue $10.7 billion, +27% YoY Core EBITDA of $1.4 billion, +44% YoY, Core EBITDA margin 13% Net Profit (after Tax/NCI) of
natural hedge against short-term volatility in product margins. Core EBITDA margin has enhanced from 6.4% in 2013 to 11.4% in 2Q17 and this is targeted to fur- ther improve from the various strategic
(completed 3Q18), Kordana (completed 4Q18), Scholler (completed 4Q18) and UTT (completed 1Q19). The necessity portfolio was enhanced by acquisition of M&G Fibras Brasil (completed 1Q19). Overall production was
Avgol (completed 3Q18), Kordana (completed 4Q18), Scholler (completed 4Q18) and UTT (completed 1Q19). The necessity portfolio was enhanced by acquisition of M&G Fibras Brasil (completed 1Q19). Overall
enhanced monitoring of and engagement with the investee companies if monitoring pursuant to Principle 3 is considered insufficient. Principle 5: Have a clear policy on exercising voting rights and disclosure