decreased in revenues from sales and services. Distribution costs and administrative expenses decreased 20% due to in the second quarter of 2016, the subsidiaries have recognised a provision for inventory
from sales and services. Distribution costs and administrative expenses decreased 20% due to in the second quarter of 2016, the subsidiaries have recognised a provision for inventory obsolescence and
prediction that the results anticipated by such forward-looking statements will be achieved. Definitions Core EBITDA is after excluding inventory gains/losses from reported EBITDA. Inventory gains/losses in a
reflects the release of built-up inventory in China during the quarter. Final demand in both segments is resilient. IVL reported a higher OCF of US$265M in 4Q19 driven by lower working capital requirements
any representation, warranty or prediction that the results anticipated by such forward-looking statements will be achieved. Definitions Core EBITDA is after excluding inventory gains/losses from
Reported EBITDA less Inventory gains/(losses). 4Core Net Profit is Reported Net Profit less Inventory gains/(losses) and one-time extraordinary items. 5Operating Cash Flow is after change in net working
. 4Core EBITDA is Reported EBITDA less inventory gains/(losses) 5Core EPS is Reported EPS less inventory gains/(losses) less one-time extraordinary items Indorama Ventures 1st Quarter 2018 MD&A 3 Summary We
, registering a growth of 45% QoQ and 21% YoY), positive contract adjustments and inventory gains Our company-wide cost and business transformation, Project Olympus, yielded US$67M during the quarter, on track
(or intra business segment) transactions (2) Core EBITDA is Consolidated EBITDA less In- ventory gain/(loss) whereas Core EPS is Reported EPS less Inventory gain/(loss) and onetime extraordinary items