Indorama Ventures Public Co. Ltd. · SET:IVL
Indorama Ventures Public — Q2 2026 Earnings Presentation
18 slides from Indorama Ventures Public's earnings presentation, Aug 11, 2026
Slide 1: 2nd Quarter 2026 Financial Results
nd 2 Quarter 2026 Financial Results 11th Aug 2026
Slide 2: Disclaimer
Disclaimer This presentation and its content (“Material”) is proprietary to Indorama Ventures Public Company Limited (“Indorama Ventures”) and/or its affiliates (collectively, the “Group”) and may not be, in whole or in part, reproduced or disclosed, published, distributed or released to any other p
Slide 3: Key Message
Key Message Structural platform advantage Global footprint; local-for-local agility Broad-based earnings recovery Management self-help actions; favorable market conditions Deleveraging on track Strong cash generation; working-capital discipline; lower net debt 2026 outlook reaffirmed 2H26 earnings m
Slide 4: IVL Snapshot – 1H 2026 Highlight
IVL Snapshot – 1H 2026 Highlight Production Volume Revenue EBITDA 6.14MT THB 245B THB 29.7B -1% HoH -7% YoY 16% HoH 4% YoY 136% HoH 61% YoY Net Profit1 OCF 1H 20262 Net Debt/Equity THB 7.4B THB 25.9B 1.56x 225% HoH 440% YoY 87% EBITDA conversion -27 bps HoH -15 bps YoY Note: (1) Net Profit before im
Slide 5: 1H 2026 – IVL EBITDA
1H 2026 – IVL EBITDA IVL EBITDA by Segments (THB M) IVL EBITDA by Regions (THB M) 33,000 29,735 29,735 28,000 136% HoH 1H26 vs 23,000 61% 2H25 18,415 18,415 19,897 18,000 12,583 12,583 61% 9,445 13,000 73% YoY 13% 1H26 vs 6,942 2,053 1,498 79% 1H25 8,000 1,377 3% 5,493 6,403 2% 30% 4,431 3,000 30% 3
Slide 6: 2Q 2026 – IVL EBITDA
2Q 2026 – IVL EBITDA IVL EBITDA by Segments (THB M) IVL EBITDA by Regions (THB M) 23,000 21,687 21,687 169% QoQ 18,000 2Q26 vs 62% 1Q26 14,433 13,000 9,454 9,454 129% 8,048 8,048 YoY 8,000 2Q26 vs 5,491 1,311 70% 15% 57% 5,464 2Q25 810 4,688 10% 743 3,000 5% 26% 2,416 1,715 31% 42% 1,348 879 1,873 (
Slide 7: A New Era of Collective Leadership and Radical Clarity
A New Era of Collective Leadership and Radical Clarity A Global Moat One Integrated Global The Americas - S&OE as Our Built on Local-for- Core Fueling Four Our Unique Operating Rhythm Local Model Competitive Engines Advantage MOAT #1 MOAT #2 MOAT #3 MOAT #4 Engine #1: Engine #2: Feedstock Integratio
Slide 8: Strengthening and stabilizing IVL’s pricing premium from local-for-local
Strengthening and stabilizing IVL’s pricing premium from local-for-local IVL PET Price Buildup < 50$/t -128$/t $/T $378/t $250/t IVL PET Spread $249/t $/bbl How: S&OE & Inventory Turns 2,000 120 • IVL net premium primarily reflects local-for-local advantage 1,800 100 and commercial execution 1,600 B
Slide 9: Shale-to-PET integration provides a structural feedstock advantage
Shale-to-PET integration provides a structural feedstock advantage Advantaged PX Production A unique, fully integrated model $/T MTBE is a proxy for MX from shale to PET in the Americas 1,400 MX 1,150 900 MTBE 650 Cracker MTBE MX 400 2020 2021 2022 2023 2024 2025 1Q26 2Q26 $/T IVL US MTBE business a
Slide 10: 2Q 2026 – Combined PET
CPET 2Q 2026 – Combined PET Combined PET EBITDA (THB M) 164% 14,433 QoQ 2Q26 vs 1Q26 163% 10,233 YoY 2Q26 vs 2Q25 5,491 5,464 Integrated PET 1,105 4,483 Specialty Chemicals 5,494 Intermediate Chemicals 66 3,095 943 170 (200) 2Q25 1Q26 2Q26 Note: Please refer to Table 8 in the MD&A appendix for chang
Slide 11: 2Q 2026 – Indovida
Indovida 2Q 2026 – Indovida Indovida EBITDA (THB M) 76% QoQ 2Q26 vs 1,311 1Q26 62% YoY 2Q26 vs 810 2Q25 743 2Q25 1Q26 2Q26 Source: IVL Analysis © Indorama Ventures 2026 11
Slide 12: 2Q 2026 – Indovinya
Indovinya 2Q 2026 – Indovinya Indovinya8,000 EBITDA 7,983 7,966 7,949 (THB M) and Margin 1 7,932 7,916 7,899 7,882 7,865 7,848 7,831 7,814 7,797 7,780 7,763 7,747 7,730 7,713 7,696 7,679 7,662 7,645 7,628 7,611 7,594 7,578 7,561 7,544 7,527 7,510 7,493 7,476 7,459 7,442 7,425 7,409 7,392 7,375 7,358
Slide 13: 2Q 2026 – Indovinya by End-Markets
Indovinya 2Q 2026 – Indovinya by End-Markets Indovinya Revenue (THB M) 22% 28% 26% Coatings Coatings Coatings 41% HPC 38% HPC 38% HPC HVA by End 14% E&R Markets 12% 15% E&R E&R 24% Crop 23% Crop 21% Crop 24,138 20,265 18,902 74% HVA 78% 78% Essentials 22% 22% 26% 2Q25 1Q26 2Q26 Source: IVL Analysis
Slide 14: 2Q 2026 – Fibers
Fibers 2Q 2026 – Fibers Fibers EBITDA (THB M) Fibers Volume (MMT) 1,873 113% QoQ 2Q26 vs 0.44 1Q26 0.41 1,348 0.34 39% YoY 2Q26 vs 0.28 879 0.25 2Q25 0.19 0.05 0.05 0.05 Lifestyle Mobility 0.10 0.10 0.10 Hygiene 2Q25 1Q26 2Q26 2Q25 1Q26 2Q26 Note: Please refer to Table 8 in the MD&A appendix for cha
Slide 15: Structural Inventory Focus: S&OE
Structural Inventory Focus: S&OE Inventory Volume and Turnover Improving Inventory Management 6.0 5.0 5.0 4.7 4.7 Real-Time Discipline 4.0 3.0 1.5 Optimize Supply Chain and 1.5 Integrated Planning 2.0 1.4 1.0 Deploy Digital Tools - 1.3 4Q25 1Q26 2Q26 Challenge Slow Moving & Inventory Vol. (MT) COGS/
Slide 16: Deleveraging on track
Deleveraging on track Change in Net Debt (THB B) Lower Net Debt THB 9.6 billion OCF after maintenance capex THB 25.9 billion 87% EBITDA conversion 5.3 (29.7) 2.8 236.0 2.5 5.8 226.4 5.3 (3.0) 1.5 Net Debt EBITDA NWC and others Tax cash Maintenance capex Interest cost Perp interest and Growth capex T
Slide 17: Key Message
Key Message Structural platform advantage Global footprint; local-for-local agility Broad-based earnings recovery Management self-help actions; favorable market conditions Deleveraging on track Strong cash generation; working-capital discipline; lower net debt 2026 outlook reaffirmed 2H26 earnings m
Slide 18: Thank you
Thank you Click to edit Master title style Click to edit Master subtitle style © Indorama Ventures 2024
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