Braskem held its 14th Annual Latin America Conference in New York City in March 2006. The presentation contained forward-looking statements and discussed Braskem's company overview, 4Q05 and FYE 2005 results, and future growth and value creation opportunities. Key highlights included record net income of $270 million in 2005, consistent EBITDA growth since 2002, and sound capital structure with declining financial leverage and average debt maturity of 11 years.

1. Meeting with Investors
14 th. Annual Latin America Conference
New Y ork City
José Marcos Treiger Luiz Henrique Valverde
IRO IR Manager
March, 2006

2. Forward‐looking Statements
This presentation contains forward‐looking statements. Such statements are not statements of
historical facts, and reflect the beliefs and expectations of Braskem’s management. The words
“anticipates”, “wishes”, “expects”, “estimates”, “intends”, “forecasts”, “plans”, “predicts”,
“projects”, “targets” and similar words are intended to identify these statements. Although
Braskem believes that expectations and assumptions reflected in the forward‐looking
statements are reasonable based on information currently available to Braskem’s management,
Braskem cannot guarantee future results or events.
Forward‐looking statements included in this presentation speak only as of the date on which
they are made (December 31, 2005), and the Company does not undertake any obligation to
update them in light of new information or future developments.
Braskem shall not be responsible for any transaction or investment decisions that are taken
based on information included in this presentation.

3. Agenda
4 Company Overview
4 4Q05 & FYE 2005 Results
4 Growth & Value Creation

4. Current Shareholder Structure (* )
Market Capitalization of US$ 3 billion and Free float of 47%
PREVI PETROQUISA ODEBRECHT NORQUISA PETROS FREE FLOAT
2.5% 2.6% 10.0% 8.4% 48.6% 31.7% 25.4% 9.1% 2.4% 1.2% 11.0% 46.8%
29.5% 29.5% 100.0% 63.7% 35.0% 33.9%
POLIALDEN
% Voting Capital % Total Capital
Investments in Affiliated Companies
Controlling Shareholder
* As of December 31, 2005
Source: Braskem

5. New approach to the Brazilian
petrochemical sector
First integrated petrochemical company in Brazil
Oil exploration st
1 Generation nd
2 Generation rd
3 Generation
Naphtha and Condensate Competitiveness
Competitiveness
INTEGRATION
New dynamics in the value chain

6. Braskem: Player with the largest scale in the region
5.8 million tons in total annual capacity of petrochemical and
chemical products
3,255
Thousand tons / year
525
PVC
580 PP
PE
Ethylene
870 1,400
1,135
700 1,060
670
630 625 561
1,280 540 350
150 130
700
520 520 500 476
85
Braskem Dow Copesul1 Rio Polímeros2 Ipiranga Unipar Suzano Solvay Politeno 1
1. Braskem’s affiliates:
a) Braskem jointly controls Copesul with the Ipiranga Group
b) Braskem owns 33.9% of Politeno´s total capital
2. Jointly owned by Suzano, Unipar, Petroquisa e BNDES
Source: CMAI and Braskem – 2005

7. Braskem: A diversified portfolio of products
Revenues Breakdown ‐ 2005 %
PE
13%
PP 20%
PVC 3%
PET 2%
Ethylene 4%
Propylene Resins
BTX (Benzene Toluene, Xylenes)
14% 46%
Caustic Soda 12%
Caprolactam
Butadiene
Others 9% 10%
(includes EDC,
2%
Isoprene, gasoline, 11%
utilities among others)

8. Braskem: present across several industries and in the
daily lives of millions of people
4 Market segmentation for Braskem’s resins in 2005
% of Revenues 4 Perspectives for 2006:
OTHERS*
16%
4 Lingering of global economic
growth, led by China and India
COSMETICS AND FOOD AND BEVERAGES
PHARMACEUTICALS 33%
5% 4 In Brazil:
AGRICULTURE
7% 4 Gradual reduction in interest rates
4 Increase in public investments in
RETAIL infrastructure
9% 4 Probable domestic demand boost
coupled with higher expected GDP
CONSUMER GOODS growth
CIVIL CONSTRUCTION (NON‐DURABLE) 4 Increase in disposable income
15%
15%
* Includes personal hygiene, infrastructure, electronics, auto parts and others
Source: Braskem and FIERGS/CEPAL (jan/2006) for economic forecasts

9. Gross Revenue over R$ 15 billion
Significant and consistent revenue growth
Gross Revenue
Revenue R$ million Gross Revenue US$ million
14,342 15,193 6,252
11,284 4,900
8,858 3,688
3,013
20% CAGR
28% CAGR
2002 2003 2004 2005 2002 2003 2004 2005
Net Revenue R$ million Net Revenue US$ million
11,607
11,044 4,775
9,191 3,771
6,991 3,008
2,375
18% CAGR
26% CAGR
2002 2003 2004 2005 2002 2003 2004 2005
Source: Braskem

10. EBITDA Evolution
Consistent growth in US$ since 2002
EBITDA R$ million EBITDA
EBITDA US$ million
2,549 871
851
2,090
1,776 581
1,335 457
16% CAGR 23% CAGR
2002 * 2003 2004 2005 2002 2003 2004 2005
* Excludes non­recurring effects in the amount of R$ 779 million
Source: Braskem

11. Consistent improvement in Profitability
Net income reaches US$ 270 million in 2005
Net Income R$ million Net Income US$ million
691
677
245 268
215
59
2002 2003 2004 2005 2002 2003 2004 2005
(301)
(794)
Source: Braskem

12. Sound Capital Structure and decreasing financial
leverage
leverage
Net Debt / EBITDA
EBITDA
5.1
Net Debt Evolution US$ million
3.5
1.5 1.4
2,166
1,929
2002 2003 2004 2005
1,457
1,211
Debt / Equity
57% 52%
2002 2003 2004 2005 80% 78%
48%
43%
20% 22%
2002 2003 2004 2005
Source: Braskem

13. Agenda
4 Company´s Overview
4 4Q05 & FYE 2005 Results
4 Growth & Value Creation

14. High Capacity Utilization Rates
Reflecting sound operating performance
4 Capacity utilization rate
ETHYLENE
ETHYLENE PE
PE PP
PP PVC
91% 91% 94% 93% 94% 95%
87% 90%
2004 2005 2004 2005 2004 2005 2004 2005
Comparison to 2004
Production of Thermoplastic Resins (ton) + 7.5%
Sales of Thermoplastic Resins (ton) + 8.4%
Source: Braskem

15. Total Sales
9% increase in resins sales comparing 4Q05 vs. 4Q04
4 4Q05 Performance impacted by the period’s seasonality
4 Low inventory level at customers by the end of 2005
000 Ton
4Q0 5 3Q0 5 4Q0 4 Var.% Var.%
Sales ‐ main products (1)
(A) (B) (C) (A) / (B) (A) / (C)
Ethylene k ton 290 291 295 0% ‐2%
THERM OPLASTIC RESINS k ton 401 486 369 ‐1 7% 9%
PP k ton 121 149 107 ‐1 9% 1 4%
PE k ton 175 210 166 ‐1 7% 5%
PVC k ton 105 127 96 ‐1 8% 9%
(1) Consolidates sales in the domestic and export markets, including the Southern Cone.
Source: Braskem

16. Total Sales
Commercial flexibility in a low growth domestic market
4 An 8% increase in sales of thermoplastic resins driven by the 51%
increase in export volume
000 Ton
2005 2004 Var.%
Sales ‐ Main Products (1)
(A) (B) (A) / (B)
ETHYLENE k ton 1,170 1,099 6%
THERMOPLASTIC RESINS k ton 1,728 1,594 8%
PP k ton 518 461 12%
PE k ton 768 705 9%
PVC k ton 442 428 3%
(1) Consolidates sales in the domestic and export markets, including the Southern Cone.
Source: Braskem

17. Exports reach ~ US$ 1 billion
Strategic and commercial flexibility reflected in a record performance in 2005
4 Exports increase more than US$ 500 million in only 3 years
Exports US$ million Destination of Exports – 2005
2005
959
Europe
710 21%
617
North
South
415 America
47% America
20%
ROW
12%
2002 2003 2004 2005
% of net revenue
2002 2003 2004 2005
23% 25% 19% 20%
Source: Braskem

18. Naphtha ARA price increases 26% in 2005
4 Increase in naphtha prices negatively impacts CoGS by over R$ 1 billion
Quarterly price evolution for oil and Naphtha impact on CoGS
Naphtha impact on CoGS
naphtha (Brent and ARA) R$ million
100 600
187
90 1,176
500
80
5,281
476
70 400 4,707 (789)
60
378
50 300
40
274 200
30
Brent oil (US$/barrel)
20
Naphtha ARA ‐ US$/ton 100
Naphtha ARA annual average ‐ US$/ton
10
0 0
Foreign
2003 2004 2005 2004 Price Volume Exchange 2005
+26%
+38%
476
Average Price – Naphtha ARA (US$/ton)
Average Price – Naphtha ARA (US$/ton) 378
274 2005
2004
Source: Braskem 2003

19. Evolution of Naphtha ARA prices
prices
4 High volatility with a recent downward trend
640
590
540
490
440
390
2005 2006
Daily Naphtha Prices ARA (US$/ton)
30‐day moving average
20‐day moving average
Source: Bloomberg

20. EBITDA Analysis – 4Q05 vs. 4Q04
Foreign exchange and naphtha offset the effect of better prices and volumes
Main Variations
Variations R$ million
83
58
148
661
(378) 480
(92)
4Q04 Price Volume Others Raw Foreign 4Q05
Materials Exchange
Source: Braskem

21. EBITDA Analysis ‐ 2005 vs. 2004
Foreign exchange and naphtha offset the effect of better prices and volumes
Main Variations R$ million
1,234 Foreign
129
exchange
impact on
1,977 costs (1,886)
Foreign exchange
impact on
revenue
2,549 (1,826)
2,090
(652)
(87)
2004 Price Volume Raw Foreign Others 2005
Materials Exchange
Source: Braskem

22. EBITDA Analysis in US$
High levels of raw materials and thermoplastic resins prices
Main Variations US$ million
149
662
870
851
(720)
(110)
2004 Price Volume Raw 2005
Others
Materials
Source: Braskem

23. Indebtedness Profile
Average debt maturity of 11 years with only 12% due in the short term
4 Indebtedness Profile Fixed
1% TJLP
R$ million (On 12/31/2005) 26%
Gross Debt: 5,004 43%
44% CDI
Cash and Cash equivalents: 2,170 18%
Net Debt: 2,834
US$ Trade Finance
55% 12%
Subordinated debentures with payment
of interest and principal scheduled for
Amortization Agenda in years
July 2007, fully subscribed by the Average maturity: 11
controlling shareholder.
2,170
890
(in R$)
26%
17%
931 13%
12% 9%
1,280 8%
7% 7%
(in US$)
867 446 380 670 359 355
620 376
Dec/05 2006 2007 2008 2009 2010 2011 to 2014 2015 2016 to ...
Cash and cash
equivalents
Source: Braskem

24. P&L Summary
2005 Results reflect the strength of Braskem’s business model
4Q05 4Q04 Var.% 2005 2004 Var.%
Income Statement
(A ) (B) (A) / (B) (C) (D) (C) / (D)
Net Rev enue R$ M M 2,848 2,798 2% 11,607 11,044 5%
EBITDA R$ M M 480 661 ‐27% 2,090 2,549 ‐18%
EBITDA M argin % 16.9% 23.6% ‐ 6.8 pp 18.0% 23.1% ‐ 5.1 pp
Net Financial Results R$ M M (440) (60) 633% (662) (1,181) ‐44%
Equity Income R$ M M (25) 15 ‐ 60 76 ‐21%
Net Income R$ M M (5) 487 ‐ 677 691 ‐2%
Source: Braskem

25. Free Cash Flow over R$ 1.2 billion
R$ 717 million invested in 2005
Free Cash Flow* R$ million Investments R$ million
717
1,258
1,179
374
7%
92%
2004 2005 2004 2005
*after taxes and capex

26. Distribution of R$ 326 million to shareholders
60% increase when compared to 2004
Dividends and Interest on Equity R$ million Dividend Pay ‐out %
326 48
204 30
60% 60%
2004 2005 2004 2005

27. Agenda
4 Company´s Overview
4 4Q05 & FYE 2005 Results
4 Growth & Value Creation

28. The petrochemical cycle: global balance remains favorable
Capacity utilization rates should stay above 90% through 2008
4 Ethylene capacity additions
Iran 000 ton China 000 ton
2,510
1,700
1,537
1,270
Global utilization rates (%)
(%) 920
92.5% 92.6%
91.5%
0
2006 2007 2008 2006 2007 2008
2006 2007 2008
Middle East (ex‐Iran) 000 ton ü Demand growth during the 06‐08 Asia (ex‐China) 000 ton
period should exceed that of supply,
2,307
1,925 keeping utilization rates above 90%
ü There are still uncertainties
760 concerning the capacity additions 646
schedule in Iran 505
295
2006 2007 2008 2006 2007 2008
Source: CMAI, March­06

29. Short‐term price evolution
Spreads over international prices above 30%
Polyethylene Prices Polypropylene Prices
International and Braskem’s (normalized) International and Braskem’s (normalized)
PEAD ­ Asia (CMAI) Normalized
141%
PEAD ­ Braskem (domestic) Normalized
142% 143%
126%
107%
106% PP ­ Asia (CMAI) Normalized
100%
100% PP ­ Braskem (domestic) Normalized
Jan­05 Feb­05 Mar­05 Apr­05 May­05 Jun­05 Jul­05 Aug­05 Sep­05 Oct­05 Nov­05 Dec­05
Jan­05 Feb­05 Mar­05 Apr­05 May­05 Jun­05 Jul­05 Aug­05 Sep­05 Oct­05 Nov­05 Dec­05
PVC Prices Spreads over Asian prices
International and Braskem’s (normalized) (December 2005)
PVC ­ Asia (CMAI) Normalized
153%
PVC ­ Braskem (domestic) Normalized PE + 34%
135%
PP + 33%
100%
93%
Jan­05 Feb­05 Mar­05 Apr­05 May­05 Jun­05 Jul­05 Aug­05 Sep­05 Oct­05 Nov­05 Dec­05 PVC + 43%
Source: CMAI / Braskem

30. Performance in the Domestic Market
Sales increase of 7% for thermoplastic resins
Brazilian domestic market – Sales Volume
+ 17% + 17%
+ 7%
‐ 7%
PP PE PVC Resins
Ytd Feb 05 Ytd Feb 06

31. Increase in Capital expenditures: confidence in the future
R$ 900 million to be invested in 2006
Investments
Investments R$ million
26% 900
Capacity Increases
717 244
Equipment
202
Safety, Health &
374 151 Environmental Protection
Technology
134
176 118 Productivity
51 Quality and others
2003 2004 2005 2006

32. Growth with Value Creation
Investments with high rates of return
4 Capacity Expansions
Venezuela
4Polyethylene (1Q06)
4 Investment: R$ 9.9 Million;
4 Additional Capacity: + 30 k ton / year
(+3.5%);
4 Rate of Return: 58%;
4 Location: Camaçari, State of Bahia
Brazil / Alagoas
4Isoprene (November 2006)
Bolivia
4 Investment: US$ 29 Million;
Bahia
4 Additional Capacity: + 9 k ton / year
(+50%);
4 Rate of Return: 49%;
Paulínia 4 Location: Camaçari, State of Bahia
4Paulínia (4Q07)
4 Investment: US$ 240 million
4 Additional Capacity: +350 k ton / year
Triunfo (+60%)
4 Location: Paulínia, State of São Paulo
Source: Braskem (2005)

33. Growth with Value Creation
Strong strategic position in the region
Venezuela
New greenfield projects based on
competitive raw materials
4PP: Venezuela: annual 400 k ton in
Brazil / partnership with Pequiven*
Bolivia
Bolivia
4PE: Brazil/Bolivia Complex: annual 600
k ton (2009)*
With the Venezuelan and Bolivian units,
Braskem expects to consolidate its strategic
and differentiated position in the region
* To be presented to Braskem’s Board of Directors

34. Growth with Value Creation
Cost competitiveness
4 Reliability in the supply of raw materials
4 Naphtha supply guaranteed by long‐term
contract with Petrobras;
4 Partnerships in the international markets;
4 Naphtha supply contract for up to 600kt per year
with PDVSA with competitive conditions;
4 Flexibility in raw materials supply (Naphtha and
Condensate);
4 Competitiveness in logistics:
4 Investment on increasing the storage capacity
at Aratu´s Port terminal tank park – State of
Bahia.

35. Growth with Value Creation
Value‐creating process leveraged by the Braskem Business System
A World­Class
Company
Strong platform for growth
• Best Practices
R$ 350 million per year in recurring synergies, already captured
R $ million
• Simplification
• Integration
2 4 0
26 0
2 8 5
3 10
3 5 0
3 3 0
(2 004 )
• Compliance to
20 8
New Levels of to SOx
Competitiveness
Ma r/03 Ju n/03 S ep/03 Dec /03 M ar/0 4 Dec /04 T arget
5
5
Innovation &
Technology
Synergies
Braskem Business System

36. Innovation & Technology to leverage Value Creation
Important Achievements in 2005
R$ 58 million gain with the sale of technology to Petroquímica Paulínia
Technological
Autonomy
1st patent in nanotechnology filed by a Brazilian Petrochemical
company
Launch of 20 new resins
Start‐up of the 7th pilot plant Alliances with Universities and Research Centers
Modern Management of the innovation process
World‐wide technological
cooperation agreement R$ 370 million in assets
with BASELL
136 patent registrations filed
FINEP and 171 researchers
ABIQUIM
Awards 7 pilot plants

37. Braskem +
Significant acceleration in capturing productivity gains
R$ 256 million in productivity
gains captured by 2005
Results Achieved by 2005 R$ million / year
420
360
256
170
+ 51%
Target by Achieved by Target by Target by
2005 2005 2006 2007
On annualizing and recurring basis

38. A New Step in the Value Creation Process
A new integrated Project
management system
encompassing all business
processes
4 110 employees allocated to the project
4 Investment of R$ 130 million
4 Implementation concluded by Oct. 06
4 NPV of R$ 260 million

39. The Petroquisa Option
Potential for relevant synergies and future cash flow impacts
Designated assets &
respective ownership interests :
VOTING CAPITAL
INCREASE:
15.6%
Up to 30%
85.0%
From 10%
40.0%
Assets Listed
Assets Listed 09/29/2005
Option Deadline
Option Deadline 03/31/2006
Assets Valuation
Assets Valuation DCF
Braskem has 29.5% of Copesul’s capital and jointly controls it along with the Ipiranga Group

40. A Unique Investment Opportunity
4 Market leadership in the region
4 Consistent operational performance
4 Solid financial structure
4 Ongoing competitive improvements: and
4 Structural market growth opportunities in the region
4 Consolidation in the Brazilian Petrochemical Industry: an opportunity for
value creation
4 Greenfield projects in the region based upon access to competitive raw
materials
4 Technology autonomy to pursue internationalization
High Standards of Corporate Governance
High Standards of Corporate Governance