, methods used must be done with speed, transparency, low costs with participation of all related parties.

operate such businesses with reasonable costs because the current licensing regime under the Ministerial Regulation is securities license which includes various groups of securities business and all

EBITDA as well as increased share of profit from joint ventures and lower finance costs. • Total assets as of 31 December 2019 stood at THB 53,531mn, decreasing by 0.8% or THB 429mn from 31 December 2018

THB 2.6B. • Strong performance for Combined PET, given COVID disruption, driven by strong PET demand, higher Integrated PET spread, lower costs, improved PIA margin. • Integrated Oxides & Derivatives

USA PX and global PIA business as feedstock costs have come down. • Integrated oxide and derivatives business has seen significant growth in volumes and earnings primarily driven by the first time

contribution from the Avgol acquisition. As a part of the Fibers segment transformation, IVL has taken a conservative approach including a non-cash impairment and restructuring costs of US$ 15M at three fibers

financial costs (23) (42) (21) 6% (129) (127) 2% Income tax (8) (32) (6) 44% (69) (39) 75% Dividends and PERP interest (8) (11) (8) 12% (155) (114) 36% Proceeds from issue of ordinary shares due to warrants

) (745) (38%) Net financial costs (16) (72) (20) (19%) (190) (127) 50% Dividends and PERP interest (74) (134) (128) (43%) (286) (254) 12% Proceeds from issue of ordinary shares due to warrants exercised

has been under pressure due to lower operating rate (and consequent higher fixed costs). Packaging  Production of 55 thousand tons (+41% YoY; +7% QoQ)  Core EBITDA of $19 million (+43% YoY; +15% QoQ

Strategic Spending (253) (639) 99 (354)% (1,736) (2) Net financial costs (33) (68) (23) 44% (164) (129) 27% Dividends and PERP interest (10) (68) (8) 21% (312) (155) 101% Proceeds from issue of ordinary