Indorama Ventures 2018 MD&A 10 Summary Delivering on Promises The past 3 years have been momentous, both in terms of earnings growth and in terms of creating a solid framework for the next phase of growth at

presentation should be taken as forecasts or promises nor should they be taken as implying any indication, assurance or guarantee that the assumptions on which such future projections, expectations, estimates or

developing preliminary indications in a manner that is consistent with Provisions 1.22 and 2.6(d) of the IOSCO CRA Code. 1.21 A CRA and its employees should not make promises or threats about potential credit

achievements exprESSEd or implied by such forward‐looking statements. None of the future projections, expectations, estimates or prospects in this presentation should be taken as forecasts or promises nor should

. 1.21 A CRA and its employees should not make promises or threats about potential credit rating actions to influence rated entities, obligors, originators, underwriters, arrangers, or subscribers) to pay

(2,326) (5,146) -54.80 Deferred Tax: -Tax income(expense) movement in temporary differences (1,830) 374 -589.30 Tax income (expense) recognized in profit or loss (4,156) (4,772) -12.91 5. Commitments and

, loan commitments, and financial guarantee contracts. In the second quarter of 2020, expected credit losses amounted to Baht 13,238 million, increasing from Baht 5,087 million in the first quarter of 2020

mainly to an increase in net fees and service income, with contributions from loan-related fees, bancassurance and mutual funds as well as fee income from underwriting commitments, while gains on

import bills 19,122 19,041 15,307 0.4% 24.9% Letters of credit 38,166 35,822 34,226 6.5% 11.5% Other commitments Underwriting commitments - - 1,199 - (100.0)% Amount of unused bank overdrafts 171,623

35,623 (11.4)% (11.9)% Other commitments Underwriting commitments - 1,950 - (100.0)% - Amount of unused bank overdrafts 173,133 175,078 175,893 (1.1)% (1.6)% Other guarantees 264,894 272,948 267,989 (3.0