intrinsic value of the assets and business based on historical and potential earnings and cash flow of the business. It has been valued by a range of valuation methods including relative valuation as
negotiation between the Company and the Seller and took into account the fundamental intrinsic value of the assets and business based on historical and potential earnings and cash flow of the business. It has
companies earnings are allocated to regions and all historical are restated accordingly Figure 7: Asian Segment Note: Holding companies earnings are allocated to regions and all historical are restated
America Figure 6: North America (NA) Segment Figure 7: Europe, Middle East and Africa (EMEA) Segment Note: Holding companies earnings are allocated to regions and all historical are restated accordingly
Business1 1 Europe, Middle East and Africa Figure 6: Asia Business Note: Holding companies earnings are allocated to all regions and all historical are restated accordingly 477 504 160 193 637 697 20.0% 15.7
million (THB 8.4 billion), -7% YoY, Core EBITDA margin 10% Core Net profit after tax of $128 million (THB 4.0 billion), -27% YoY Core Earnings Per Share of THB 0.67, -32% YoY Operating Cash Flow of
of $304 million (THB 9.6 billion), -7% YoY, Core EBITDA margin 10% Core Net profit after tax of $128 million (THB 4.0 billion), -27% YoY Core Earnings Per Share of THB 0.67, -32% YoY Operating
Business Note: Holding companies earnings are allocated to all regions and all historical are restated accordingly Indorama Ventures 2nd Quarter 2018 MD&A 18 Table 7: Reconciliation of Core Profit After Tax
6661 Fax: +662 661 6664 1 2019 IVL Performance Summary IVL registered volume growth of 18% in 2019 driven mainly by inorganic expansion. Industry-wide spreads declined to historical lows in 2019, leading
Figure 7: Asian Segment Note: Holding companies earnings are allocated to all regions and all historical are restated accordingly 13 Table 7: Cash Flow Statement USD in Millions 4Q17 3Q17 4Q16 2017 2016