2. Forward-looking Statements
This presentation contains forward-looking statements. These statements do
not represent historical fact, but rather reflect the beliefs and expectations
of Braskem’s management. The words “anticipate”, “wish”, “expect”,
“estimate”, “intend”, “forecast”, “plan”, “predict”, “project”, “target” and
similar words are intended to identify these statements. Although Braskem
believes that the expectations and assumptions reflected in these forward-
looking statements are reasonable and based on information currently
available to management, Braskem cannot guarantee future results or events.
The forward-looking statements included in this presentation are valid only
on the date on which they are made (September 30, 2008), and the Company
does not undertake any obligation to update them in light of new information
or future developments.
Braskem is not responsible for any transaction or investment decision taken
based on the information in this presentation.
2
3. Braskem – Leader in Latin America
Braskem’s resin capacity in Latin America, kton
Braskem’s 3Q08 LTM Financials
3,440
Brazilian Gross Revenue Net Revenue
assets
1,515 US$ 14 bi US$ 11 bi
692 682
521 438
Net Debt/EBITDA EBITDA
Braskem Quattor* Dow Mexichem Solvay Ecopetrol
Braskem’s resin capacity in The Americas, kton 3.42X US$ 1.4 bi
5,774
PVC
64
PP
615 PE
4,646
3,440
2,949
Enterprise Value Assets
1,833
515
1,110 1,210 2,161
5,095
2,813 2,040
1,815 761 1,235 US$ 7.2 bi US$ 12 bi
978 926
Dow Lyondell Braskem Formosa Ineos Shintech
Basell 3rd 3
*JV between Unipar (60%) and Petrobras (40%)
3
Source: CMAI
5. Track record of strong and consistent
organic growth and acquisitions
Rank amongst the 10
Become the largest largest petrochemical
thermoplastic resins companies in the world
producer in Latin measured by EV*
America
IPQ / CPS Paulinia
Politeno 2012
Polialden 2007 2008
2006
Trikem
2002
1,626
Ebitda US$ milllion 1,422
871 851
758
581
457
+23% CAGR
2002 2003 2004 2005 2006 2007 3Q08LTM * Enterprise Value 5
6. Ownership Structure
% Voting Capital % Total Capital
CONTROLLING GROUP 60.3% 38.0% FREE FLOAT 36.5% 59.3%
OTHERS (2)
ODEBRECHT NORQUISA (1) PETROQUISA BNDESPAR
45.3% 32.0% 15.1% 6.0% 30.0% 23.0% 0.0% 5.1% 6.5% 31.2%
Leveraging relationship with Petrobras:
• Corporate governance standards: Shareholders’ agreement
• Potential for operational synergies with refineries and
partnership with Petrobras R&D Center
• Alliance to strengthen Brazil’s petrochemical value chain
– Consolidation around 2 large competitors (Braskem & Quattor)
– Access to competitive raw materials
– Improved value chain competitiveness
Notes: 1 - Odebrecht has 100% of Norquisa
2 - Does not include shares held in treasury (3% of total) 6
7. Enhanced competitiveness
through value chain integration
Industrial integration
Oil/Gas-refineries Basic petchem Resins Converters
Competitive Innovation &
raw material technology
Operational Service and log
synergies barriers
Growing economic relevance of the Brazilian Converters
Annual revenue of converters, US$ Billion Diversified segments, %consumption
Packaging
% GDP Others
15% 15%
17.2 18.7
15.3 Automotive
Cosmetics/ Pharma 1%
13.2 2%
Electrical appliances 2%
9.3 Shoes 5% 16% Construction
8.1
6.7 Health and
cleaning 7%
1.7% 9%
1.2% 1.6% 2.0% 1.7% 1.6% 1.5% Home 17%
appliances
11%
2001 2002 2003 2004 2005 2006 2007 Agriculture Food 7
8. Challenging petrochemical cycle
Potential negative factors
Global ethylene supply-demand and operating rate,
Mton/y, % • US/EU slow down
• Incentives to sustain supply buildup
– China: import substitution
153 157
149 •Middle East own agenda
139 142
131 129 135
123
117
90%
88% 90%
87% 88%
88%
84%
Supply vs. Demand
84% 83%
Improved conditions compared to
downturns in 1991 and 2000
• Frequent delays in new capacities
2008
1 2009
2 2010
3 2011
4 2012
• Supply-demand geographical
1 2 3 4 5
Supply Demand imbalance leads to logistics barriers
• Increased economic importance of
Operating rate – Set 08 Operating rate – Oct 07 emerging economies
Source: CMAI June 2008 8
9. Braskem is prepared to seize the
opportunities offered by this environment
o n
eati C
lu e cr
with va Expand access to
w attractive markets
Gr o
B
Strengthen current position Assure regional
low-cost raw
A material and energy
supplies
Improve and • Green-PE and renewables
protect core Latin • Potential M&As and
American business Alliances
• Leveraging relationship with Petrobras • Gas crackers in Latin America
• Value-chain virtual integration • Brazilian sugar cane ethanol
– Refineries, raw materials
– Service and logistics
– Innovation and technology
• Operational, commercial excellence
• Adding value to the crackers’ by-products
9
10. Green Polyethylene: a pioneer
achievement
Start up in 2011
Investment: ~ US$ 250 MM
Capacity: 200 Kton/year
Estimated Demand: ~ 500
kton/year
Location: Triunfo
Ethanol Consumption: 460 MM
litters/year
Target-markets: USA, Europe and
Japan
100% Renewable Certified by Beta
Sectors: Automotive and raw material Analytics USA
consumption goods Sugar cane ethanol
Main laboratory in the world
specialized in carbon analysis
10
11. Braskem: established platform leverages
future growth
Regional leadership
Track record of sustainable growth with value creation
Tangible innovation: Green polymer and product oriented R&D
Sound capital structure
´
Strategic shareholders´ base: Odebrecht + Petrobras + 38%
Floating
Internationalization: growth towards competitive feedstock
and attractive markets
People and Sustainability at the center of the strategy
100% tag along for all shareholders
11
High corporate governance standards
11
