pandemic has an immense impact on all of us. For the past year, governments across the globe have been fighting against the pandemic and eventually managed to contain the spread of the virus and more

collaboratively by investors Best Practices in Engagement 6 What is engagement? Dialogue between an investor (or an engagement service provider) and decision maker (such as companies), to improve ESG practices

one-time extraordinary items Indorama Ventures 2nd Quarter 2018 MD&A 3 Summary IVL delivered another record quarter, with improvements in production volumes and margins across all key segments and

beginning, promising further growth to come, aided by government stimulus spending. US it seems is firing on all cylinders and China is the first to emerge with strong demand. If Europe unites in stimulating

made a strong start to the year, with improvements in production volumes and margins across all segments and geographies. This performance is a result of our long-term investment strategy, the

net profit margin 2) higher depreciation resulted from additional investments in plant, machinery, and office renovations to improve production efficiency and reduce production cost, in order to prepare

improve from spending in all categories, consistent with the expansion of manufacturing production in both domestic and export-related industries. Exports in the first three months have jumped 11.3% year on

business recovery in 2H20 compared to 1H20 that our hotels, schools, and food outlets have been gradually in re-opening phases across the markets. Our food subsidiary, Epicure Catering, will also reaped

will be Where did the 4% rule come from Bengen, William P. 1994. “Determining Withdrawal Rates Using Historical Data.” Journal of Financial Planning, vol. 7: 171–180. 12 For illustrative purposes only

$ 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