and pre-operative expense 16 322 100 Management classification Add: Extra expenses related to PO/MTBE turnaround - (1) 87 Management classification Add: Extra expenses related to natural calamities
exceeding 35%). Such as where a large number of smallholder farmers receive finance via a co-operative, supply chain partner or bank. We call this a ‘highly dispersed bond’. Clear boundaries and critical
the Company and for the benefit of all its stakeholders. Timely diversification has also helped the Company create a natural hedge against margins volatility seen in a particular product or region
the Company and for the benefit of all its stakeholders. Timely diversification has also helped the Company create a natural hedge against margins volatility seen in a particular product or region
) (9.1%) Sales of steam (IU) 2.5 1.4 (1.1) (44.0%) Sales from Natural Gas Power Plant 422.3 668.6 246.3 58.3% Sales of electricity - FiT, base tariff and Ft 70.1 68.1 (2.0) (2.9%) FiT Premium 6.0 6.0
(IU) 1.1 0.8 1.1 37.5% - 6.5 3.3 (49.2%) Sales from Natural Gas Power Plant 507.7 657.4 884.1 34.5% 74.1% 1,396.9 2,210.1 58.2% Sales of electricity - FiT, base tariff and Ft 59.5 73.5 76.7 4.4% 28.9
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
competence. This same strategy has continued to play a vital role in its ability to deliver industry- leading performance and providing a natural hedge against short-term volatility in product margins. Core
formulations, technologies and geographic reach for EO, EODs and Specialty Chemicals This acquisition is a natural extension to IVL’s existing shale gas-based assets in USGC and it enables us to deliver higher
Natural gas (IPP) Natural gas (SPP+VSPP) Maintenance costs Others 59% 60% 63% 10% 9% 4% 18% 18% 18% 4% 4% 4% 9% 10% 10% 14,062 12,943 12,488 Q2/19 Q1/20 Q2/20 Coal GPSC - Q2/2020 Management Discussion and