safety record has deteriorated and while thankfully we have had no serious accidents, we have seen an increase in lost time injuries. We have recognized that an improvement is needed and have recently
%, driven by structural improvement in the commodity cycle and strong demand across geographies. Core EBITDA per ton of $139, up 32% YoY, driven by uptrend in PET margins and significant recovery in Asia
this momentum to continue in the quarters to come. 1Q 2018 Highlights Core EBITDA increased 49% year-on-year to $326 million, driven by strength in all segments and structural improvement in the
the back of higher operating rates and significant improvement in margins across regions helped IVL achieve this performance. The recently acquired facility in Brazil contributed to only one month of
from greater sales volume across all products because of major plant turnaround in Q2 2018. The overall selling price decreased, especially for Caustic Soda due to the fall of its market price trend and
lower sales volume across all product due to major plant turnaround in Q2 2018. However, the overall selling price improved, especially for Caustic Soda and Epichlorohydrin due to the limited export
the improved selling price across all products, especially for Epichlorohydrin (“ECH”) caused by limited export from China and PVC from better market condition. Analysis of Cost and Expenses 1. In Q3
$ 1.9B. Interest cost is expected to come down for year 2020, thanks to lower benchmark rates. Our net operating debt to equity went up to 1.35 times primarily due to the acquisition of Spindletop
.............................................................................................................................................................. 15 3.3. Pathway 2: Relative Performance Improvement ................................................................................................................................................. 16
price of all products, especially on PVC, Caustic Soda and ECH according to the market price trends caused by limited export from China. The sales volumes also increased across all products, mainly linked