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IVL Recycling Growth Plan

Jan 10th 2014

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IVL strategy maximizes recycling potential

Flakes To Premium Fibre (rFibre)

Flakes To Packaging (rPET)

Post Consumer Bottles to Flakes

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Recycled Polyester – A Step Ahead

rFiber more energy and emissions efficient than virgin polyester fiber

High

High

Low

Source: Industry

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Over 3 mn tons of incremental recycling opportunityIVL targeting 3% share of global rPET consumption by 2018

KT 2013 2018 CAGR %

Bottle Availability 17,590 24,771 7.1

Bottle Collection 8,773 12,764 7.8

Flakes 6,580 9,573 7.8

Industrial Waste 1,043 1,463 7.0

Recovered Polymer 7,623 11,035 7.7

Recycled Fibers 5,592 8,334 8.3

Surplus flakes 2,032 2,701 5.9

IVL Share (%) 1.5 3.0

• IVL converted over 100,000 tons of bottles to flakes in 2013 which will go up to 150,000 in 2014

• IVL consumes over 110 KT of recycled flakes and targets over 300 KT by 2018

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IVL positioned to take advantage of Raw material / Market access

Decatur, US Flake to Resin

Spartanburg, USRecycled resins

Mullagh, Ireland Recycle Fiber

Spijk, NetherlandsBottle flakes

Verdun, FranceBottle flakes

Rotterdam, NetherlandsBio-PET

Nakhon Pathom, ThailandRecycled Fiber

Bottles KT 2013 2018 Increment CAGR %NORTH AMERICA 1,459 1,737 278 3.6%SOUTH AMERICA 390 560 169 7.5%EUROPEAN UNION 1,896 2,209 313 3.1%CENTRAL EUROPE 345 438 92 4.9%MID EAST - AFRICA 283 478 195 11.1%ASIA 4,401 7,344 2,943 10.8%Total 8,773 12,764 3,991 7.8%

Queretaro, MexicoRecycled resins

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Global consumers seek direct engagement with IVL worldwide IVL engaged in long term business alliances with major brands

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IVL targeting to be largest premium recycler by 201842 operating sites,15 countries, 4 continents

Only Polyester Value Chain Company with a Footprint Across 4 Continents

Indorama Polymers Indorama Holdings Wellman International

France

Wellman International

USA

StarPet AlphaPet Auriga Indorama Ventures

(Oxide & Glycols) FiberVision

Mexico

Indorama Ventures Polymers

Nigeria

Indorama PET Aurus Packaging

UK

BPL Indorama Polymers

Workington

Ireland

Wellman International

Germany

Trevira

Lithuania

Orion Global Pet

China

Guangdong IVL Kaiping

FiberVision

Thailand

IPI Rayong Indorama Petrochem TPT IPI Nakhon Pathom AsiaPet Petform Indorama Holdings

Indonesia

Polypet Polyprima PT Indorama Ventures PT Indorama Polyester

Industries

Poland

Indorama Ventures

Netherlands Denmark

FiberVisions

Italy

Ottana Polimeri

PET Fibers PTA rPET EO/EG Packaging

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IVL major thrust into rPET and specialties

2013 20183,679 KT 4,875 KT

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rPET Resin An opportunity for next phase of growth for Sustainability

• IVL is only producer of rPET in Nr. America

• Target to grow Recycled business from 55 KMT in 2013 to 149 KMT in 2014

• Strategy to develop 20% of IVL PET volume (700 KMT) as rPET by 2018 through setting up plants in Asia, Europe and further expansion in Nr. America

• Capture more value chain by backward integration with Wash lines

• rPET Spreads higher than virgin by $ 35 to $ 70 PMT based on blended percentage

CAGR- 65%

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High value applications taking increasing share of rPET

• IVL has special know-how to target high end applications for recycled material

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Substantial value to be tapped through recycling

Avg Delta – 330 $/T

Avg Delta – 382 $/T

Price Trend - USAPrice Trend - Europe

Source: CMAI, Platts

$/Ton$/Ton

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IVL Europe consistently Asian import competition proof

IVL capability in Europe generates significant premium over Asian imports

Avg Premium – 381 $/T

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IVL fibers main focus on Hygiene and Technical segments - Wellman

Growth led by InnovationVitality Index 2012 - 2018

Superior financial performanceROCE 2012 - 2018

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Wellman recycling know-how extended to Nakhonpathom plant in Asia

Bale Breaking and electronic bottle sorting

Washing and Cleaning Flaking, Decontamination and Drying

Computerized Blending

SpinningHygiene Fiber

Recycled Bottles44 KTA

Recycled Resin

15 KTA 22 KTA

Project Commissioning by Q1 2014

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IVL plans to be world’s most sustainable polyester producer

• Recycling will continue to grow at a faster rate in premium rPET & rFibre applications

• IVL targets to grow its recycled products from 158 KT to 823 KT by 2018

• Recycled flakes have over $300/ton cost advantage to virgin material

• IVL to leverage Wellman’s bottle to flake technology on a global scale to generate premium

• Enhanced intimacy with global brands

• Increased recycled content in IVL portfolio will improve our sustainability scorecard

Thank you for your attention