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Indorama Ventures Reports Strong First-Quarter 2021 Volumes And Margins Amid Global Recovery And Business Transformation Projects

May 6, 2021 BANGKOK, Thailand May 6, 2021, 2021 Indorama Ventures Public Company Limited (IVL), a global chemical producer, announced its first quarter 2021 financial results. 1Q2021 Performance Summary Revenue of $3,240 million in 1Q2021, +10 percent YoY Reported EPS of 1.04 THB, compared with 0.20 THB in 4Q20 and 0.07 THB in 1Q20 Reported EBITDA of $483M= million coming from higher Core EBITDA ($369 million, registering a growth of 45 percent QoQ and 21 percent YoY), positive contract adjustments and inventory gains Company-wide cost and business transformation, Project Olympus, yielded $67 million during the quarter, on track to deliver our 2021 target of $287 million ($195 million extra efficiency gains over 2020) Overview Positive global sentiment, underscored by rebounding global oil prices and vaccine rollouts, has resulted in strong volume demand and strong margins for all IVL’s key products, driven at first by recovery in China and carrying forward into the sec

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