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Conference Call
       2Q12




    Investor Relations
São Paulo, August 14, 2012
Forward-looking statements

This presentation contains forward-looking statements. These statements are not
historical facts and are based on management’s objectives and estimates. The
words "anticipate", "believe", "expect", "estimate", "intend", "plan", "project", "aim"
and similar words indicate forward-looking statements. Although we believe they
are based on reasonable assumptions, these statements are based on the
information currently available to Braskem and are subject to a number of risks
and uncertainties.


The forward-looking statements in this presentation are up-to-date as of June 30,
2012 and Braskem does not assume any obligation to update them in light of new
information or future developments.


Braskem is not responsible for any transaction or investment decisions taken based
on the information in this presentation.


                                                                                          2
2Q12 Highlights

  Average capacity utilization at crackers of 88% in 2Q12
  Market share in thermoplastic resins expanded by 3 p.p. to 71%
  EBITDA of R$845 million, up 7% from 1Q12. In U.S. dollar, EBITDA was US$430 million
        Extraordinary effects of R$108 million
  Start-up and ramp-up of new PVC and butadiene projects on schedule. Normalized utilization
   rate already expected in 3Q12
  Mexico Project: earth moving works in final stages, with acquisition of long-term equipment
   and start of construction works
  Braskem advanced in its strategy to further diversify its raw material sourcing and improve
   its competitiveness:
        Acquisition of the splitter at the Marcus Hook refinery - allows for using refinery-grade
         propylene (RGP), which has a cost advantage (US$200/ton) over polymer-grade
         propylene (PGP), and ensures the continuity of the PP plant’s operations
        Strengthening of the partnership with Enterprise Products for the supply of propylene for
         an average term of 15 years. One of the agreements involves the construction by
         Enterprise of a propane dehydrogenation unit (PDH)
  New issue of US$250 million through the reopening of the 2041 bond, with yield of 6.983%
   p.a.
                                                                                                     3
Braskem continues to expand its presence in the Brazilian market,
 despite the scenario of slowing demand

      Brazilian Market for Thermoplastic Resins                                         Origin of Imports (PE+PP+PVC) 2Q12
       (kton)                                                                                Origin of Imports - Resins 2Q12
                                                                         71%
                                                        68%                                               Others
                                                                                                           12%      Argentina
         64%                   65%
                                                                                                                      20%
                                                                                                 Europe
                                                                                                  15%
         1,336
                                                        1,239                    71%                                North America
                               1,201
                                                                 68%     1,127                                          19%
                                                                                                   Asia
                      64%                    65%                                                   17%
                                                                                                               Colombia
        3T11                   4T11                  1T12                2T12                                    17%

                                            Mkt Share

                                                                                          Imports of thermoplastic resins accounted
                                                                                           for 23% of the domestic market in 2Q12,
         3Q11         3T11         4Q11      4T11       1Q12     1T12    2Q12    2T12      down 39 kton ,or 16%, from 1Q12
                                   Demand           Mkt Sharemkt share
                                                    Braskem’ Braskem




Source: Alice /Braskem estimates                                                                                                       4
EBITDA Performance – 2Q12 vs. 1Q12

 The slight improvement in contribution margin, which followed
  the recovery in spreads, offset the lower sales volume. EBITDA                                                          R$ million
  was positively impacted by exchange variation and
  extraordinary effects in 2Q12.


                                                                                  FX impact
                                                                                  on revenue       743

                                                                                              FX impact
                                                                                    (532)     on costs

                                                                                                                  845
                                                                                                     108
                 787                                                        212
                                                                                     ( 28 )
                                         551                     38
                            ( 236 )                  (35 )




                EBITDA      Sunoco     Recurring    Volume   Contribution   FX    Fixed Costs +     Refis + ∆    EBITDA
                 1Q12    Compensation 1Q12 EBITDA              Margin                SG&A            Sunoco       2Q12
                                                                                                  Compensation




                                                                                                                                       5
EBITDA Performance – 1H12 vs. 1H11

 The contribution margin reduction, that followed the lower
  spreads of the international market, more than offset the                                                R$ million
  positive effects from exchange variation and the higher sales
  volume. EBITDA was positively affected by recognition of the
  compensation received under the Sunoco supply agreement and
  by the prepayment of tax installments under the Refis program.

                                                                    FX impact
                                                                    on          1,779
                                                                    revenue

                                                                                FX impact
                                                                    (1,283)     on costs
                                  228
                    2,066

                                                                                            344    1,629
                                                              496


                                                                        (267 )
                                              ( 1,238 )




                   EBITDA       Volume      Contribution      FX    Fixed Costs + Refis + Sunoco   EBITDA
                    1H11                      Margin                    SG&A      Compensation      1H12



                                                                                                                        6
Strategy based on lengthening the debt profile and a strong
  commitment to liquidity maintenance
                                                           Amortization Schedule(1)
                                                                 (R$ million)                                                                        Gross Debt by Category
     Braskem’s     high    liquidity2                           06/30/2012                                                                           Diversified Funding Sources
     ensures that its cash and cash
     equivalents cover the payment                                                                                                                                         Brazilian and
     of obligations maturing over                                                                                                                                          Foreign Gov.
     next 32 months.                                                                                                               33%
                                                                                                                                                                             Entities
                                                                                                                                                                               22%

                                 *
                         1,213                                                                                                                 Capital
                                                                                                                        18%                    Market
                                                                                                                                                51%                            Banks
                          699
                                                                                                                                                                                27%
                                                                                                         13%                      5,520
4,725                                                            10%
                                       6%             7%                                    6%
             3,539                                                             7%
                         2,839                                                                                          3,088
                                                                                                         2,116
                                                                 1,761
                                       937         1,123                     1,198        1,030

                       06/30/12       2012         2013          2014         2015         2016          2017/          2019/    2021
                         Cash                                                                            2018           2020    onwards
                                                                                                         (1) Does not
                                                                                                                   include transaction costs
                         Invested in US$
                                                                                                         * US$600 million stand by
                                                                                                                                                         Net Debt / EBITDA (US$)
                         Invested in R$

                                                                                                                                                 US$ million       1Q12    2Q12            
                                                           Credit Risk – Global Scale
                                                                                                                                                  Net Debt         6,106   6,508       +7%
                                             Agency           Rating        Outlook              Date*
                                                                                                                                               EBITDA (LTM)        2,124   1,832       -14%
                                              Fitch            BBB-          Stable           4/15/2012
                                                                                                                                                    Net
                                                                                                                                                                   2.87x   3.55x       +24%
                                               S&P             BBB-          Stable           3/19/2012                                         Debt/EBITDA

                                             Moody’s           Baa3          Stable           4/19/2012
                                           *Date of issue of the last analytical report on the company
2Includes   US$600 million stand-by                                                                                                                                                            7
Capex

                                                                  Investments
                                                                   (R$ million)


                                                                                  1,712

 Investments of R$1,126 million in 1H12;                                          260    Mexico
     ~45% of total or R$508 million allocated to                                  113    HSE
      capacity expansion projects;                        1,126
                                                           34                      145
     PVC expansion plant accrued investment of                                           Equipment Replacement
                                                          55
      R$300 million, while the new Butadiene plant        115
                                                                                          Capacity Increase - Brazil
      received R$162 million;                                                      512
                                                                                          Maintenance
 For 2012, total investment is estimated at              508
                                                                                          Productivity
  R$1,712 million;
     ~40% allocated to various expansion projects in                              343    Others
      Brazil and to the Ethylene XXI greenfield project
                                                          207                      35
      in Mexico.
                                                           31
                                                                                   305
                                                          176


                                                          1H12                    2012e




                                                                                                                       8
Acquisition of Marcus Hook propylene splitter

  In July 2012, Braskem announced the acquisition of the propylene splitter assets at the Marcus
   Hook refinery
  The splitter will convert refinery-grade propylene (RGP) into polymer-grade propylene (PGP),
   which is the raw material used to produce polypropylene
        Diversifies feedstock and suppliers

        Continuity of operations at Marcus Hook plant with PP capacity of 350 kton/y

  Projected investment for the acquisition, the carve-out of assets and initiatives to increase
   competitiveness:
        Approximately US$56 million, with some 50% to be invested by end-2013

        US$15 million in support from the local government

  RGP has a historical cost advantage over PGP of around US$200/t
                                      US$ / ton




           Historical price                                                                                                                                                                                             313
           advantage of                                                                                                                                                                                                 231
                                                                                                                                                                                                                       Average
           RGP vs. PGP
                                                  Jan-2010




                                                                                                         Nov-2010




                                                                                                                                                                                      Jan-2012
                                                                                                                    Jan-2011




                                                                                                                                                                           Nov-2011
                                                                                              Sep-2010




                                                                                                                                                                Sep-2011
                                                                                                                                          May-2011




                                                                                                                                                                                                            May-2012
                                                                        May-2010

                                                                                   Jul-2010




                                                                                                                                                     Jul-2011
                                                             Mar-2010




                                                                                                                               Mar-2011




                                                                                                                                                                                                 Mar-2012
                                                                                                                                                                                                                                 9
2H12 Outlook

      Points of Concern
       Macroeconomic environment still marked by high volatility
       Management of European sovereign debt crisis and risk of
        systemic crisis  impact on world economic growth
       Performance of Brazilian and Chinese economies




                                                                                 Potential Positive Factors

                                                          Growth in emerging countries compared to
                                                           1H12, even if only moderate
                                                             - Increased demand for higher-value products 
                                                               plastics
                                                          Brazilian    Government        committed      to
                                                           strengthening industry and stimulating growth
                                                             - Plano Brasil Maior (Brasil Maior Plan)
                                                             - Solution for combating tax incentives at ports
                                                               (PRS72)
                                                             - Measures to control excessive appreciation in
                                                               the BRL
                                                             - Transfers for use in low-interest loans for
                                                               investments in the industrial sector
Source: IHS (CMAI), research reports                                                                            10
Braskem’s priorities in 2012


 Strengthening its relationship with Clients and expanding its market share

 Building a Brazilian industrial policy that boosts the competitiveness of the petrochemical
   and plastics chain

 Increase Braskem’s competitiveness by capturing identified synergies, reducing fixed costs
   and increasing utilization rates

 Capturing additional cash generated by the expansion of the new PVC and Butadiene plants
   in order to add value to existing chains

 Final structuring of project finance in Mexico, with start-up scheduled for 2015, and start
   of pre-sales efforts targeting Mexican clients

 Liquidity and financial solidity maintenance in the current scenario marked by global crisis



                                                                                                 11
Conference Call
       2Q12




    Investor Relations
São Paulo, August 14, 2012

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2Q12 Presentation

  • 1. Conference Call 2Q12 Investor Relations São Paulo, August 14, 2012
  • 2. Forward-looking statements This presentation contains forward-looking statements. These statements are not historical facts and are based on management’s objectives and estimates. The words "anticipate", "believe", "expect", "estimate", "intend", "plan", "project", "aim" and similar words indicate forward-looking statements. Although we believe they are based on reasonable assumptions, these statements are based on the information currently available to Braskem and are subject to a number of risks and uncertainties. The forward-looking statements in this presentation are up-to-date as of June 30, 2012 and Braskem does not assume any obligation to update them in light of new information or future developments. Braskem is not responsible for any transaction or investment decisions taken based on the information in this presentation. 2
  • 3. 2Q12 Highlights  Average capacity utilization at crackers of 88% in 2Q12  Market share in thermoplastic resins expanded by 3 p.p. to 71%  EBITDA of R$845 million, up 7% from 1Q12. In U.S. dollar, EBITDA was US$430 million  Extraordinary effects of R$108 million  Start-up and ramp-up of new PVC and butadiene projects on schedule. Normalized utilization rate already expected in 3Q12  Mexico Project: earth moving works in final stages, with acquisition of long-term equipment and start of construction works  Braskem advanced in its strategy to further diversify its raw material sourcing and improve its competitiveness:  Acquisition of the splitter at the Marcus Hook refinery - allows for using refinery-grade propylene (RGP), which has a cost advantage (US$200/ton) over polymer-grade propylene (PGP), and ensures the continuity of the PP plant’s operations  Strengthening of the partnership with Enterprise Products for the supply of propylene for an average term of 15 years. One of the agreements involves the construction by Enterprise of a propane dehydrogenation unit (PDH)  New issue of US$250 million through the reopening of the 2041 bond, with yield of 6.983% p.a. 3
  • 4. Braskem continues to expand its presence in the Brazilian market, despite the scenario of slowing demand  Brazilian Market for Thermoplastic Resins  Origin of Imports (PE+PP+PVC) 2Q12 (kton) Origin of Imports - Resins 2Q12 71% 68% Others 12% Argentina 64% 65% 20% Europe 15% 1,336 1,239 71% North America 1,201 68% 1,127 19% Asia 64% 65% 17% Colombia 3T11 4T11 1T12 2T12 17% Mkt Share  Imports of thermoplastic resins accounted for 23% of the domestic market in 2Q12, 3Q11 3T11 4Q11 4T11 1Q12 1T12 2Q12 2T12 down 39 kton ,or 16%, from 1Q12 Demand Mkt Sharemkt share Braskem’ Braskem Source: Alice /Braskem estimates 4
  • 5. EBITDA Performance – 2Q12 vs. 1Q12  The slight improvement in contribution margin, which followed the recovery in spreads, offset the lower sales volume. EBITDA R$ million was positively impacted by exchange variation and extraordinary effects in 2Q12. FX impact on revenue 743 FX impact (532) on costs 845 108 787 212 ( 28 ) 551 38 ( 236 ) (35 ) EBITDA Sunoco Recurring Volume Contribution FX Fixed Costs + Refis + ∆ EBITDA 1Q12 Compensation 1Q12 EBITDA Margin SG&A Sunoco 2Q12 Compensation 5
  • 6. EBITDA Performance – 1H12 vs. 1H11  The contribution margin reduction, that followed the lower spreads of the international market, more than offset the R$ million positive effects from exchange variation and the higher sales volume. EBITDA was positively affected by recognition of the compensation received under the Sunoco supply agreement and by the prepayment of tax installments under the Refis program. FX impact on 1,779 revenue FX impact (1,283) on costs 228 2,066 344 1,629 496 (267 ) ( 1,238 ) EBITDA Volume Contribution FX Fixed Costs + Refis + Sunoco EBITDA 1H11 Margin SG&A Compensation 1H12 6
  • 7. Strategy based on lengthening the debt profile and a strong commitment to liquidity maintenance Amortization Schedule(1) (R$ million) Gross Debt by Category Braskem’s high liquidity2 06/30/2012 Diversified Funding Sources ensures that its cash and cash equivalents cover the payment Brazilian and of obligations maturing over Foreign Gov. next 32 months. 33% Entities 22% * 1,213 Capital 18% Market 51% Banks 699 27% 13% 5,520 4,725 10% 6% 7% 6% 3,539 7% 2,839 3,088 2,116 1,761 937 1,123 1,198 1,030 06/30/12 2012 2013 2014 2015 2016 2017/ 2019/ 2021 Cash 2018 2020 onwards (1) Does not include transaction costs Invested in US$ * US$600 million stand by Net Debt / EBITDA (US$) Invested in R$ US$ million 1Q12 2Q12  Credit Risk – Global Scale Net Debt 6,106 6,508 +7% Agency Rating Outlook Date* EBITDA (LTM) 2,124 1,832 -14% Fitch BBB- Stable 4/15/2012 Net 2.87x 3.55x +24% S&P BBB- Stable 3/19/2012 Debt/EBITDA Moody’s Baa3 Stable 4/19/2012 *Date of issue of the last analytical report on the company 2Includes US$600 million stand-by 7
  • 8. Capex Investments (R$ million) 1,712  Investments of R$1,126 million in 1H12; 260 Mexico  ~45% of total or R$508 million allocated to 113 HSE capacity expansion projects; 1,126 34 145  PVC expansion plant accrued investment of Equipment Replacement 55 R$300 million, while the new Butadiene plant 115 Capacity Increase - Brazil received R$162 million; 512 Maintenance  For 2012, total investment is estimated at 508 Productivity R$1,712 million;  ~40% allocated to various expansion projects in 343 Others Brazil and to the Ethylene XXI greenfield project 207 35 in Mexico. 31 305 176 1H12 2012e 8
  • 9. Acquisition of Marcus Hook propylene splitter  In July 2012, Braskem announced the acquisition of the propylene splitter assets at the Marcus Hook refinery  The splitter will convert refinery-grade propylene (RGP) into polymer-grade propylene (PGP), which is the raw material used to produce polypropylene  Diversifies feedstock and suppliers  Continuity of operations at Marcus Hook plant with PP capacity of 350 kton/y  Projected investment for the acquisition, the carve-out of assets and initiatives to increase competitiveness:  Approximately US$56 million, with some 50% to be invested by end-2013  US$15 million in support from the local government  RGP has a historical cost advantage over PGP of around US$200/t US$ / ton Historical price 313 advantage of 231 Average RGP vs. PGP Jan-2010 Nov-2010 Jan-2012 Jan-2011 Nov-2011 Sep-2010 Sep-2011 May-2011 May-2012 May-2010 Jul-2010 Jul-2011 Mar-2010 Mar-2011 Mar-2012 9
  • 10. 2H12 Outlook Points of Concern  Macroeconomic environment still marked by high volatility  Management of European sovereign debt crisis and risk of systemic crisis  impact on world economic growth  Performance of Brazilian and Chinese economies Potential Positive Factors  Growth in emerging countries compared to 1H12, even if only moderate - Increased demand for higher-value products  plastics  Brazilian Government committed to strengthening industry and stimulating growth - Plano Brasil Maior (Brasil Maior Plan) - Solution for combating tax incentives at ports (PRS72) - Measures to control excessive appreciation in the BRL - Transfers for use in low-interest loans for investments in the industrial sector Source: IHS (CMAI), research reports 10
  • 11. Braskem’s priorities in 2012  Strengthening its relationship with Clients and expanding its market share  Building a Brazilian industrial policy that boosts the competitiveness of the petrochemical and plastics chain  Increase Braskem’s competitiveness by capturing identified synergies, reducing fixed costs and increasing utilization rates  Capturing additional cash generated by the expansion of the new PVC and Butadiene plants in order to add value to existing chains  Final structuring of project finance in Mexico, with start-up scheduled for 2015, and start of pre-sales efforts targeting Mexican clients  Liquidity and financial solidity maintenance in the current scenario marked by global crisis 11
  • 12. Conference Call 2Q12 Investor Relations São Paulo, August 14, 2012