Indorama Ventures Public Company (IVL) Corporate Presentation summary

Strategic vision and sustainability goals

• Vision 2030 targets 1.5 million tons of rPET capacity, 40% circular/renewable feedstock, and 30% GHG reduction by 2030, with coal phase-out and increased renewable energy use.

• Over 109 billion PET bottles recycled since 2011, diverting 2.2 million tons of waste and saving 3.2 million tons of CO2.

• $1.5 billion committed to recycling by 2025, with under $800 million invested to reach 750,000 tons capacity, aiming for double-digit ROCE by 2026.

• 32% of total debt financed through ESG-linked funding, with access to $2.4 billion in sustainability financing.

• PET is highlighted as the most sustainable, affordable, and versatile packaging material, with rPET having a 1.5 tCO2/ton footprint vs. 2.4 tCO2/ton for virgin PET.

Operational advancements and business model

• 23 recycling facilities across 12 countries, with recent retrofitting and process optimization boosting operating rates (e.g., France site from 50% to 90%).

• Commercial strategy shift to long-term cost-plus contracts, securing customer approvals and ensuring volume and margin stability.

• India JV with Varun Beverages to build four recycling sites (140,000 tons/year), leveraging high collection rates and new regulations mandating recycled content.

• Focus on localizing recycling due to logistics and regulatory requirements; rPET trade occurs but is expected to decline as local capacity grows.

• Differentiation through quality, customer proximity, and advanced technology (e.g., NGR), with strong customer relationships and collaborations.

Circular economy, regulation, and market drivers

• Deposit Return Schemes (DRS) and Extended Producer Responsibility (EPR) are key regulatory drivers, with DRS boosting collection rates to 90% in some regions.

• High collection rates in Asia due to informal systems; U.S. lags due to automated, less segregated collection, but DRS adoption is improving rates.

• Education initiatives (e.g., Waste Hero, Recycle Bank Project) have reached over 682,000 people, supporting waste segregation and recycling awareness.

• Collaborations with global brands (e.g., Coca-Cola, PepsiCo/Varun Beverages) and organizations (e.g., Ellen MacArthur Foundation) drive circularity and innovation.

• Six drivers identified for circularity: infrastructure, regulation, finance, innovation, education, and collaboration.