2. Forward-looking Statements
This release contains forward-looking statements relating to the prospects of the
business, estimates for operating and financial results, and those related to growth
prospects of Braskem. These are merely projections and, as such, are based
exclusively on the expectations of Braskem’s management concerning the future of
the business and its continued access to capital to fund the Company’s business plan.
Such forward-looking statements depend, substantially, on changes in market
conditions, government regulations, competitive pressures, the performance of the
Brazilian economy and the industry, among other factors and risks disclosed in
Braskem filed disclosure documents and are, therefore, subject to change without prior
notice.
The securities offered have not been and will not be registered under the Securities
Act and may not be offered or sold in the United States absent registration or an
applicable exemption from registration requirements. The securities offered will not be
registered in any other jurisdiction.
This release does not constitute an offer to sell, or the solicitation of an offer to buy or
subscribe for not shall there be any sale of or subscription for these securities in any
state or jurisdiction in which such offer, solicitation, sale or subscription would be
unlawful prior to registration or qualification under the securities laws of any such state
or jurisdiction
2
3. Strategic drivers
Creation of a world scale player
Diversification of feedstock supply
Scale increase and geographic complementarities
Strengthening of the production chain – petrochemicals and plastics
Balanced capital structure
Value creation for all shareholders
Consolidation of Odebrecht and Petrobras shares in their activities in the
petrochemical sector, strengthening Braskem and the Brazilian production
chain to compete in the international market and ensuring the basis for
global growth, consolidating the leadership in the Americas
3
4. Strategic direction
Vision 2020 Braskem
Leader in the Americas, rank
among the 5 largest
petrochemical companies
worldwide
Source: Braskem 4
5. Transaction Stages
1. Creation of BRK Investimentos Petroquímicos SA (BRK) holding Braskem’s common
shares from Odebrecht (ODB) and Petroquisa (PTB), followed by a capital increase of
R$ 3,5 billion, R$ 1 billion from ODB and R$ 2.5 billion from PTB
ODB PTB Aportes ODB PTB
ODB/PTB
66,8% 33,2% 53.8% 46.2%
BRK BRK
2. Braskem capital increase through Private Offer between R$ 4.5 billion and R$ 5 billion,
with a minimum subscription of R$ 3.5 billion assured by BRK. The Offer share price
will be R$ 14.40 per share
3. Braskem acquires Unipar 60% stake of Quattor Participações for R$ 647.3 million in
addition to suceed Unipar in a liability with BNDESPAR
5
6. Transaction Stages
4. Braskem merges Quattor shares, consolidating Petrobras/Petroquisa 40% interest in
Braskem:
Braskem
100%
Quattor
Participações
94,11% 65,98% 99,3%
QQuímica RioPol QPetroquímica
25,00% RioPol
5,89% 9,02%
permanecem com
BNDESPar
5. Braskem acquires 33.3% of Polibutenos and 100% of Unipar Comercial for R$ 52.7
million
These steps of the transaction are expected to be concluded in 120 days
6
7. Assets to be acquired
40.0%
Direct Subsidiaries
50.0% 33.3% 60.0% 100.0%
Participações
Divisão Qu
94.11% 65.98% 99.30%
Química Petroquímica
ímica
5.89% 9.02%
25.00% of RioPol
remains with
BNDESPar
Source: Quattor 7
8. Braskem post transaction
Key Financials (2009 LTM* ProForma):
Gross Revenue R$ 25.8 billion Resins capacity (kton/y)
Net Revenue R$ 19.4 billion
5,510
EBITDA R$ 2.9 billion
Total Assets R$ 33.5 billion 510
*LTM: oct/08 to sep/09
1,965
PVC
Profile:
PP
26 petrochemical plants with 1st and 2nd
generations integration: States of BA, RS, PE
AL, SP, RJ
Listed in 3 stock exchanges: 3,035
BM&FBovespa, NYSE and Latibex
Source: Braskem / Company estimates 8
9. Quattor acquisition places Braskem as #1
resins producer in the Americas...
Production capacity of resins in the Americas, kton/y
2009 basis
1st
5,510
5,307
4,827
510
1,230
4,256 4th
627
3,595
1,965
3,082
1,731 510
2,340 2,311
1,090 1,210 1,915
4,077
4,200
PVC
3,035 822 875
2,525 2,340 2,311 PP
1,995
1,050 1,040 PE
Braskem Exxon Dow Lyondell Braskem Formosa Shintech Chevron Quattor
post Mobil Basell Philips
transaction
Source: Braskem / CMAI / Barclays / Parpinelli Tecnon 9
10. ... and in the global ranking, one of the
Top 10 in resins
Production capacity of resins (PE, PP, PVC) worldwide, kton/y
2009 basis
10,914
9,311
8,668
7,749 7,284 7,109
6,541 12th
4,681 4,564 4,303 4,079
3,595 19th
1,915
Lyondell Exxon SINOPEC Dow Formosa SABIC Ineos Total IPIC Reliance PetroChina Braskem Quattor
Basell Mobil
10,914
9,311
8,668
7,749 7,284 7,109
8th Braskem
6,541
5,510
post
transaction
Lyondell Exxon SINOPEC Dow Formosa SABIC Ineos Braskem
Basell Mobil post
transaction
Source: Braskem / CMAI / Barclays / Parpinelli Tecnon 10
11. Capital structure post transaction
High liquidity, with availability around R$9 billion
Capital structure with leverage (net debt/EBITDA) around 3x
Opportunity to extend maturities and reduce the cost of debt through renegotiation
Estimated Capital Estimated Capital
ProForma
Increase R$4.5bi - Increase R$5bi -
Sep 09
Acquisitions Acquisitions
Availabilities 4,274 8,774 9,274
Gross Debt 17,470 17,470 17,470
Net Debt 13,197 8,697 8,197
Net Debt / EBITDA 4.55x 3.00x 2.83x
Shareholders’
7,270 11,770 12,270
equity
11
12. Partnership in new projects
700 kton/y PTA Suape: integration of the
450 kton/y PET petrochemical Complex
All corporate 240 kton/y textiles polymers businesses into the Company
and contractual assets
instruments
shall be signed Comperj: production and
860 kton/y PE
within 120 marketing of resins and basic
850 kton/y PP
days. petrochemicals
500 kton/y PTA
600 kton/y PET
Maintaining financial solidity
700 kton/y PTX
608 kton/y Benzene
157 kton/y Butadiene
12
13. Next steps
Implementation of the Transaction
Braskem’s Capital increase
Acquisition of Unipar stake in Quattor
Merging of Quattor Participações interest
Acquisition of 33% Polibutenos and 100% Unipar Comercial
Analysis of the Transaction by CADE
Financial strength and respect for minority
shareholders
Opportunities for internationalization
13
