Indorama Ventures Public Company (IVL) CMD 2025 Presentation summary

Strategic transformation and growth initiatives

• IVL 2.0 transformation focuses on empowering people, optimizing footprint, and leveraging digital systems for efficiency and competitiveness.

• Growth strategy pivots from M&A-driven expansion to value creation from within, emphasizing organizational optimization and digital transformation.

• Strategic partnerships, asset rationalization, and disciplined capital allocation underpin the new growth phase.

• Selective listings and divestitures of non-core assets are planned to unlock value and reduce debt.

• Asset optimization actions target $180-190M annual fixed cost savings and $130-140M EBITDA uplift by 2027.

Segment performance and market positioning

• CPET segment leads in PET production and recycling, with a focus on innovation, decarbonization, and capital-efficient growth.

• Indovida holds top positions in high-growth ASEAN and African markets, leveraging long-term customer contracts and operational excellence.

• Indovinya is a market leader in surfactants and effects, with a strong Americas footprint and a focus on high-value-added products.

• Fibers segment is strategically positioned in lifestyle, mobility, and hygiene markets, driving turnaround through cost reduction and innovation.

Financial outcomes and value creation

• Revenue projected to grow from $15.4B in 2024 to $16.2B in 2027, with EBITDA rising from $1.5B to $2.1B and margin improving to 12.6%.

• Net debt/EBITDA expected to decrease from 4.7 to 2.3 by 2027, supported by asset sales, working capital release, and disciplined capex.

• Growth capex planned at $0.8B for 2025-2027, with ROCE improving from 7.1% to 11.9%.

• Management actions include $280M working capital release and focus on free cash flow to drive deleveraging.

• Segment-specific EBITDA and ROCE improvements are driven by innovation, asset optimization, and expansion into high-margin markets.