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Page 1: Credit suisse conference

Meeting with Meeting with InvestorsInvestorsInvestorsInvestors

Page 2: Credit suisse conference

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 management and are subject to a number of

risks and uncertainties.

2

risks and uncertainties.

The forward-looking statements in this presentation are valid only on the date

they are made (September 30, 2010) and the Company 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 decision taken based

on the information in this presentation.

Page 3: Credit suisse conference

Agenda

� Braskem

� A global player

� Acquisitions: opportunities and challenges

� Project pipeline: growth with value creation

� Braskem consolidated

3

� The petrochemical industry

� Final considerations

Page 4: Credit suisse conference

Agenda

� Braskem

� A global player

� Acquisitions: opportunities and challenges

� Project pipeline: growth with value creation

� Braskem consolidated

4

� The petrochemical industry

� Final considerations

Page 5: Credit suisse conference

Overview

� Braskem has become the leading thermoplastic company in the Americas with Quattor acquisition in January 2010

� Foothold in the USA with Sunoco PP assets acquisition in February 2010

� Attractive project pipeline in Latin America

� Listed in 3 stock exchanges: BM&FBovespa, NYSE and Latibex - 100% tag along

�Market Cap (01/10/2011) – US$ 9,5 billion

� EV – Net debt at Sep 2010 – US$ 15,4 billion � 3 PP

�Diversified portfolio of petrochemical products, with focus on PE, PP and PVC

� Annual capacity of 6,460 kton

� 31 facilities in Brazil and USA

� Naphtha and gas based crackers

� Petrobras as the main supplier in Brazil

Financial Highlights

5

Industrial Assets

� 1 gas cracker� 1 PP� 1 PE

� 1 naphtha cracker� 2 PP� 3 PE

� 1 naphtha cracker� 1 ethanol cracker� 5 PE� 2 PP

� 1 PVC� 1 Chlorine-soda

�1 naphtha cracker� 4 PE� 1 PP� 1 PVC�1 Chlorine-soda

2009 LTM Sep/10

∆R$ billion

BraskemStand alone

Consolidated

Net Revenue 15.2 26.3 + 73%

EBITDA 2.5 3.8 + 52%

Net Debt/EBITDA 2.67x 2.63x - 1%

Financial Highlights

Potential Upside

� Synergies:

- Additional EBITDA – R$ 400 million on a recurring basis

� Expectation of cycle recovery as of 2012

Page 6: Credit suisse conference

2020

Polialden

Ipiranga, Copesul and Paulínia

Petroquímica Triunfo

Track record of success with clear objectives

Acquisitions Quattor + Sunoco

Leader in Latin America

Leader in the Americas

2010Politeno

54% capacity increase

80% capacity increase

Acquisitions

Organic Growth

Resins Capacity (kton/y)

1,821

520

2,341

2,185

1,410

3,595

2,185

4,275

6,460

20022006

2007

Polialden

6

2.72x2.72x 3.73x3.73x 2.84x2.84x

Net Debt/EBITDA (R$)

2.67x2.67x

Aft

er

R$

3.7

4 b

i c

ap

ita

l in

cre

as

e and

dis

bu

rse

me

nt

of

Qu

att

or

an

d S

un

oc

o

ac

qu

isit

ion

s

2006

20032004

2005

20082009

2010OPP Trikem

Politeno

2.63x2.63x

2Q10

Source: Braskem

3Q10Currency Devalution in 2008 crisis

Page 7: Credit suisse conference

Ownership Structure Leveraging relationship with Petrobras

50,1% / 38,2%

MinorityShareholders

47,1% / 35,8%

Voting Shares / Total Shares

0,0% / 5,9% 2,8% / 20,1%

- World leader in E&P in deep waters;

- Present in the industry as investor, supplier and client;

- Investment Grade by all 3 Rating Agencies.

- Leader in Construction in Latam;

- More than 30-years in the petrochemical industry;

- Investment Grade by Moody’s and Fitch.

7Source: Braskem

• Odebrecht as the controlling shareholder reinforces Braskem’s condition as a listed privately-owned company

• Odebrecht appoints Chairman, CEO and CFO.

• Mutual right of preference between Odebrecht and Petrobras in case of decision to sell shareholder interests inthe company

• Sole vehicle for petrochemical investments of both shareholders, Braskem has the right:

- to lead all petrochemical investments identified by Petrobras;

- if not of its interest, has the right to commercialize such products.

Go

ve

rna

nce

Page 8: Credit suisse conference

Agenda

� Braskem

� A global player

� Acquisitions: opportunities and challenges

� Project pipeline: growth with value creation

� Braskem consolidated

8

� The petrochemical industry

� Final considerations

Page 9: Credit suisse conference

Quattor - key indicators

R$ million 1Q10 2Q10 3Q10

Operating rate (%) 1Q10 2Q10 3Q10

Ethylene 71%(1) 83%(1) 89%(1)

PE 61% 76% 84%

Operational Indicators

Financial Indicators

Acquisition opportunities

� Asset concentration in Southeast (~70% Brazilian consumption);

� Diversified RM matrix;

� Joint administration of raw material agreements;

� Integrated industrial planning;

� Reduction of working capital costs;

� Tax and logistical synergies.

9

Net Revenue 1,220 1,425 1,663

EBITDA 107 214 302

EBITDA Margin 8.8% 15.0% 18.2%

Main impact on operational profit in 3Q10

� Increase in operating rates with better stability of raw material supply: supply from Mauá complex normalized in May 2010.

(1) Considering the 200 kty expansion

Outlook as of 9M10

� Cabiúnas and Reduc refineries normalized operation enabled Riopol to have better operating rates in the 3Q10: 81% for ethylene and 82% for PE;

� Petrobras’ commitment to normalize supply to enable Riopolto operate at full capacity by January 2011.

� Tax and logistical synergies.

Disbursement: R$647.3 million+99% +41%

Page 10: Credit suisse conference

Quattor synergies of R$ 400 million in EBITDA* as of 2012

279

400

79

43R$ million

173

235

49

13R$ million

Synergies 2012 Synergies 2011

* Annual and recurringSource: Braskem 10

279

Industrial Logistics Supply EBITDA Synergies

Industrial Logistics Supply EBITDA Synergies

� Production mix

� Seizing the cracker streams

� Optimization of inventories

� Maximization of gains from product distribution (domestic and export markets)

� Optimization of channels

� Joint management of feedstock purchases

� Renegotiation of third-party agreements

Efficient and rapid implementation of actions to capture synergies: additional of R$ 235 million in

EBITDA* as of 2011

Page 11: Credit suisse conference

Braskem America (former Sunoco Chemicals)

Marcus Hook, PA� 1 PP

R&T Center

Pittsburgh, PA

Neal, WV� 1 PP

Acquisition opportunities

� Global-scale, state-of-the-art assets – technology and age similar to Brazil’s polypropylene (PP) assets;

� Development of a global production base;

� Consolidation of industrial assets;

� Competitive costs for some 70% of raw materials;

11

La Porte, TX� 1 PP

Challenges

� Knowledge of North American distribution market;

� Add value to supplier ⇔ client chain (substitute distributor);

� Highly disperse market;

� Resumption in demand vs. uncertainty of economic recovery.

R$ million 9M09 9M10

Net Revenue 1,252 1,737

EBITDA 112 162

raw materials;

� Platform for greenfield projects in Latin America.

Disbursement: US$350 million

Financial Indicators

Page 12: Credit suisse conference

Agenda

� Braskem

� A global player

� Acquisitions: opportunities and challenges

� Project pipeline: growth with value creation

� Braskem consolidated

12

� The petrochemical industry

� Final considerations

Page 13: Credit suisse conference

“BECOME THE GLOBAL

SUSTAINABLE CHEMICAL

LEADER, INNOVATING FOR

Strategic direction

LEADER, INNOVATING FOR

BETTER SERVE THE

PEOPLE”.

13

Page 14: Credit suisse conference

� First Green Plastic Certified in the World

� Location: Triunfo – RS (Brazil)

� Capacity: 200 Kton/y

� Startup: September 2010

� Investment: R$ 488 million

� Consumption of 460,000 m³ of ethanol per year

� 75% of the ethanol supply is already contracted

POLYETHYLENE

Green polyethylene

� Main Clients and Partners� Demand 3x higher than the installed capacity

����Partnership in R&D – Renewable Polymers

���� Green PE trading in Asia

14

Page 15: Credit suisse conference

Growth strategyOn the path to leadership in sustainable chemicals

Green PE

2010

Green PP

2013

�Successful track record for

�Innovation in bioplasticmarket

�Production integrated with

Innovation

Pipeline

�Meet global demand for sustainable products

�Guarantee CO2 sequestration

�Partnerships for the development of competitive �Successful track record for

implementing projects: term and costs

�Capture of 2.5t CO2/t PE

�Partnership with Clients

�Production integrated with green propylene

�Capture of 2.3t CO2/t PP

development of competitive technologies

�Cooperation agreement with Cenpes (Petrobras Research Center)

�Development of other cracks streams

Braskem becomes a global leader in

biopolymers

15

Page 16: Credit suisse conference

Expansion with increased competitiveness

BRAZIL

PVC Expansion

Operational start-up : 1st half 2012

• Expansion of 200 kton/y in PVC capacity in Alagoas

• Investments of US$470 million

• Expected NPV ~US$450 million

• Disbursements already in 2Q10

2006 2007 2008 2009 2010 LTM

Imports

Domestic Sales

748

950982857

1,113

17%

31%26%34%19%

16Source: Braskem

Industrial Assets

New Projects

• Support for Brazil’s infrastructure projects

• Brazil currently imports 30% of its needs

PVC Domestic Demand (kton)

Page 17: Credit suisse conference

Growth strategyProjects with competitive materials

Ethylene XXI Project

Characteristics

� Startup: 2015

� JV Braskem (65%) and IDESA (35%)

� Integrated project: 1 Mton ethylene and 1Mton PEs

� Investment: US$ 2.5 billion

� Financial advisor: Sumitomo

PEMEX Gás (Basic Petrochemicals)

Cracker Ethane

Ethane

66,000 bpd 1,000 kton/y

Gas

Polyethylene

Ethylene

MEXICO

Focus 2010/2011

� Selection of technology

� Definition of EPC agreement and project’s FEED

� Structuring of Project Finance: already received US$ 3 billion in letters of interest

Proj. EXXI in 2014

Attractiveness

� Today Mexico imports around 70% of its demand (1.8 million ton/year of PE)

� 1st quartile in cost curve

� Fragmented market: 3,500 converters

1,000 kton/y

PEMEX Exploration and Production

Manufacturing Industry

17

Page 18: Credit suisse conference

Unique pipeline of growth in the Americas

� Green PE(+ 200 ktony ethylene)

� Ethylene XXI - Mexico(+ 1,000 ktony ethylene and + 1,000 ktony PE)

� Green PP

� PeruProj. (+ 600 to 1,000 ktony ethylene/PE)

� Projects in Venezuela(+300 ktony PP) (integrated ethylene/PE)

� Comperj

Consolidated Project Pipeline

� Resin Capacity CAGR for 2010-2015: +4.3% p.y.

� Diversification of raw materials and world-class assets

� Fiscal discipline

� Excellent track record of projects execution

2010 - 2012 2013 - 2015 Projects under evaluation

(+ 200 ktony ethylene)

� PVC Expansion (+ 200 ktony)

� Green PP(+ 30 ktony ethylene)

� Comperj

Source: Braskem

Consolidated Project Pipeline

Page 19: Credit suisse conference

Agenda

� Braskem

� A global player

� Acquisitions: opportunities and challenges

� Project pipeline: growth with value creation

� Braskem consolidated

19

� The petrochemical industry

� Final considerations

Page 20: Credit suisse conference

� Braskem’s EBITDA in the past two quarters was R$ 1 billion,in a scenario marked by the downcycle of the industry and Real appreciation

� Crackers have continuously improved their operation rate and in the 3Q10 it was over 90% for the first time since the asset merger

� Braskem’s domestic resin sales in 3Q10 rose 17% from 2Q10 and in 9M10 rose 11% from 9M09

Highlights

Braskem EBITDA

R$ million

+24%

2,403

2,981

9M09 9M10

*EBITDA in Last 12 Months (LTM); ** Includes the bond issue in October and call in December 2010 of the US$150 million in perpetual bonds with coupon of 9.75%

� Braskem is committed to its financial solidity: Net Debt/EBITDA* ratio fell from 3.46x (acquisition in January 2010) to 2.63x in the quarter

� US$ 1.2 billion raised in perpetual and 10-year bonds, reduced bank exposure and improved debt costs, lengthening its pro-forma average debt term to 11.9** years

� Start up of the Green Ethylene plant led Braskem to become the global leader in biopolymers

� Advances in the process of integrating and improving the performance of the Quattor assets

• 3Q10 EBITDA was R$ 302 million compared to an average of less than R$ 150 million prior to the acquisition

• Synergies implemented total R$ 235 million in annual and recurring EBITDA for 2011

• SEAE and SDE of the Ministry of Justice recommend to CADE the unqualified approval of the Quattor acquisition

20

Page 21: Credit suisse conference

Value added products and potential market growth are key differentiators of value creation

Brazilian Market - Consumer driven (9M10)

Agribusiness

Electric & Electronic

Industrial Infrastructure

Others

Chemicals & Agrochemicals

5%

6%

3%4% 2%

37%CONSUMER GOODS

Braskem Sales by Sector9M10 X 9M09

21Source: Braskem

Food Packaging

Retail

Consumer Goods

Hygiene and Cleaning

Cosmetics & Pharmaceutical

Automotive

Construction33%

7%

11%

8%

3%

6%

11%

3%

6%

31%

43%

11%

4%

DURABLE GOODS

AGRIBUSINESS

CONSTRUCTION

OTHERS

Page 22: Credit suisse conference

Historical Prices

PE prices evolution (100 basis) PP prices evolution ( 100 basis)

90

100

110

120

130

140

90

100

110

120

130

140

22

International Market Brazilian Market International Market Brazilian Market

4Q10

� Higher prices in the international market

� Recovery in the domestic market already in September

Source: CMAI

80

apr/09

jun/09

aug/09

oct/09

dec/09

feb/10

apr/10

jun/10

aug/10

oct/10

dec/10

80

apr/09

jun/09

aug/09

oct/09

dec/09

feb/10

apr/10

jun/10

aug/10

oct/10

dec/10

Page 23: Credit suisse conference

Innovation pipeline: new developments to aggregate further value

PE Rotomolded Manhole

PE Largewatertanks

Structured resource base to support client needs

� Over US$ 330 million in R&D assets

� More than 190 researchers

� 8 pilot plants

� More than 260 patents filed worldwide

� Partnership with universities and R&D centers in Brazil and abroad

Applied Innovation and technology to strengthen value chain competitiveness

23

PE

BiopolymersInnovation pipeline

NPV: ~US$ 500 million PP

PVC

PVC Roof Tiles PVCWindows

PP auto grade PPBuckets

� Partnership with universities and R&D centers in Brazil and abroad

Page 24: Credit suisse conference

Raw material matrixDiversification to compete globally

Raw Material Profile* (2010) Braskem Post-Acquisitions** Braskem Post-Projects***

Implementation of Project Pipeline

46%

14%

92%17%

56%

8%

37% 30% 13%

17%

67%

3%

24%

15%58%

3%

�More balanced and diversified supply of raw materials

�Competitive natural gas price vs. international reference prices

(1) Ethane, Propane and HLR(2) Naphtha and condensate

*Based on resin-production capacity. Sunoco buys propane directly** Considering Green Ethylene capacity *** Considering the Mexico Project

Propane

�USG reference to competitive prices

Natural Gas

� 100% Petrobras supply with competitive prices versus international prices

Ethanol

Naphtha / Condensate

� ~70% of naphtha supplied by Petrobras with competitive price formula

� 30% direct imports from various international suppliers

Quattor Sunoco Braskem

Liquid (2) Refinery propylene Gas (1)

Ethanol

24

Page 25: Credit suisse conference

Lower leverage and longer average debt term

* Including the perpetual bond issue in October and the call in

December 2010 of US$ 150 million in perpetual bonds. Average term

increases to 11.9 years

762

13%

10%

16%14% 14%

13%17%

3,505

2,781*

501

3.46x

2.63x

-24%

Net Debt/ EBITDA

(R$ million)

25

2,743

386

1,747

1,375

2,155 1,9461,889

1,6832,281

2010 2011 2012 2013 2014 2015/

2016

2017/

20182019

onwards09/30/10

Cash

3%

10%13%

Does not include transaction costs

Invested in US$

Invested in R$

Debt P

rofile More balanced source

of fundsBank 37%

Capital

Market 37%

Gov. Entities

26%

Foreign

Entities 0%

Bank 52%

Capital

Market 21%

Gov. Entities

22%

Foreign

Entities 5%

Dec 09 Sep 10

Page 26: Credit suisse conference

-

BB+

BB

BB-

stable

RATING

Ba1

Ba2

Ba3

-

+BBB-Baa3

Jan/09 +May/09

Jan&Jul/10

Post-Acquisitions

Investment Grade

Upgrade Conditions:

Maintenance of high liquidity (cash or equivalents -stand-by) above R$3 billion. Cash above R$3 billionsince Dec/2008.

Capitalization of Braskem as pre-condition foracquisition. Shareholder movements;

Successful integration with capture of synergies andincrease in cash generation (EBITDA increase R$ 3,1bi to R$3.8 bi);

Braskem:Reaffirmed post-acquisition ratings

Source: Braskem

BB-

B+

Ba3

B1

2009 2010

Post-Acquisitions

The acquisitions:

Strengthened strategic positioning;

Increased # of plants, sites and geographic diversification;

Diversification of raw material mix;

More disciplined and less volatile domestic market ;

High governance standards;

Petrobras participation.

Decrease in Net Debt/EBITDA ratio expected to2.5x. In first post-acquisition quarter we alreadyreduced this ratio from 3.46x to 3.12x. In 2Q10 wereduced to 2.84x, and to 2,63x in 3Q10.

Braskem Ratings (Global Scale)

BB+ / Stable Outlook

Ba1 / Stable Outlook

BB+ / Positive Outlook

26

Page 27: Credit suisse conference

Agenda

� Braskem

� A global player

� Acquisitions: opportunities and challenges

� Project pipeline: growth with value creation

� Braskem consolidated

27

� Final considerations

� The petrochemical industry

Page 28: Credit suisse conference

Outlook on the global petrochemical industry

Ethylene: Operating rate 9M10

Industry at 9M2010

� Operating rates increased from 2Q10 supported by better demand

� Competitive cost base allows the US to operate at higher rates than other regions

� Braskem continuously improving its operations reached 91% in 3Q10

000 ton

84

94

8278

86

91

79

86 83

77

81

89

50

60

70

80

90

0

5,000

10,000

15,000

20,000

Europe N. America Asia M. East World Braskem

28Source: CMAI , Parpinelli Tecnon

Global Scenario

� New capacity additions can lead to the closing down of non competitive assets on a permanent basis, especially in Europe and US

� Global economic outlook volatility versus petrochemicals demand

� Lower operating rates indicate 2010 as the trough of the cycle

� Expectation of improvement in the industry profitability as of 2H11

Ethylene: Supply and Demand Balance

000 ton

83.880.4

83.1

87.0 88.490.5

0

50,000

100,000

150,000

200,000

2009 2010e 2011e 2012e 2013e 2014e

Capacity Demand Operating Rate 2010e (%)

Europe N. America Asia M. East World Braskem

Capacity 3Q Operating rate 3Q10 (%) Operating rate 2Q10 (%)

Page 29: Credit suisse conference

Leadership in Brazil – strong potential growth

Industrial Assets Brazilian’s thermoplastic demand – Million tonsPotential Growth

3,7

4,04,2 4,3

4,9

29

Per-capita consumption of PE, PP and PVC (kg/person)

Brazil USAEurope

JapanChina

22,2

6357

41

28

69%25%

6%

Others

BraskemImports

Market Share9M10

2006 2007 2008 2009 2010E

Page 30: Credit suisse conference

Agenda

� Braskem

� A global player

� Acquisitions: opportunities and challenges

� Project pipeline: growth with value creation

� Braskem consolidated

30

� Final considerations

� The petrochemical industry

Page 31: Credit suisse conference

Priorities

Existing assets

Maintaining growth in domestic sales in relation to 2009, aligned with the better performance of theBrazilian market (GDP and demand growth should exceed 7% and 12%, respectively)

Strengthening the relationship with our Clients, adding value and differentiation to our products andservices and consolidating the market share to prevent imports

Ensure capture of the identified synergies

Adding value through the acquired assets

� Quattor: continue improvement in its operational efficiency

� Braskem America: return above capital employed

31

� Braskem America: return above capital employed

Financial

To balance the investments and dividends equation

Leverage reduction to achieve investment grade credit rating

Maintaining liquidity and financial discipline

Growth

Expand the use of renewable feedstock maintaining the leadership in bioplastics

Implementing Projects in Latin America, which are based on competitive raw materials

Green Chemicals

To strengthen the Brazilian Petrochemical Sector, ensuring the supply of local competitive rawmaterial

Page 32: Credit suisse conference

Pr/share BRKM5 Performance

+

Why Braskem?

Consolidated (R$ billion) 3Q10 Multiple

EBITDA LTM 3.8

Synergies to 2012 4.2

Market Capitalization 16.1 18.8

EV 26.0 29.7

EV/EBITDA 6.9x 7.8x**

Price per share 20.2* 28.2

Proj. NPV to 2012 > R$1.12 bi

Value added by projects to

share price1.40

0

5

10

15

20

25

30

35

40

� Largest thermoplastic resin producer in the Americas

� Leader of important projects in Latin America with

competitive raw materials

� Emerging consumer market with potential per-capita growth

as additional driver

� Above-peer profitability

� Access to one of the world’s largest consumer markets

following the U.S. acquisition

� Successful trajectory of organic growth and acquisitions

� Shareholders hold long-term view with strategic synergies

for growth and value creation

� Leader in green chemicals

� Huge potential for value creation

� EBITDA increase

� EV/EBITDA multiple below

peers’ multiple (7-9x)

32

*BRKM5 as of 12/21/10 ** Peer Multiple Dec/2010

Source: Bloomberg.

share price1.40

R$ USD

Page 33: Credit suisse conference

Meeting with Meeting with InvestorsInvestorsInvestorsInvestors

Page 34: Credit suisse conference

AppendixAppendixAppendixAppendix

Page 35: Credit suisse conference

Leader in the Americas and a top 8 global player in resins capacity

4th

1st

Ca

pa

city

in th

e A

me

rica

s (

kto

n/y

)

3,035

4,077 4,200

2,525 1,995 2,311

2,915 1,230

627

1,731

1,090

822 875

510

510

1,210

2,340

PVC

PP

6,460

4,827

3,595

4,256

3,082

2,340 2,3111,915

5,307

950

Lyondell Basell

ExxonMobil

SINOPEC Dow Formosa SABIC Ineos Braskem post

operations

Total IPIC Reliance PetroChina Braskem

10,914

9,3118,668

7,749 7,284 7,1096,541 6,460

4,681 4,564 4,303 4,079 3,595

transactions 35

8th

12th

Ca

pa

city

in th

e A

me

rica

s (

World

Ca

pa

city

(kto

n/y

)

Braskem post

transactions

Exxon Mobil

Dow Lyondell Basell

Braskem Formosa Shintech Chevron Philips

Quattor Sunoco

2,525 1,995

1,050

2,311

1,040 950

2,340 PP

PE

Page 36: Credit suisse conference

125130 133

143 146 146151 154

114 111 111 115121

127133

140

Global Ethylene supply/demand

Global ethylene supply / demand (Mton/y)

2007 2008 2009 2010 2011 2012 2013 2014

Supply

Demand

36Source: CMAI, June 2010

- Not considering additional delays and shutdowns- Considering world GDP growth of 2.5% – 3.0% in 2011

Page 37: Credit suisse conference

78 79 83 90 92 93 97 99

49 51 5560 64 64 66 68

41 44 4547 49 51 51 52

PVC

PP

PE

168

215209205198182173

219

Global Resins supply/demand

Global Resins (PE, PP, PVC) Supply (Mton/y)

2007 2008 2009 2010 2011 2012 2013 2014

69 66 67 71 75 79 83 88

44 43 44 47 50 53 57 6035 32 32 34 37 39 41 43

PVC

PP

PE

149

181172161

152143141

191

2007 2008 2009 2010 2011 2012 2013 2014

37Source: CMAI, June 2010

Global Resins (PE, PP, PVC) Demand (Mton/y)

* Compounded Annual Growth Rate

Page 38: Credit suisse conference

Resins demand by region

2010 Resins (PE, PP, PVC) Demand by region

Africa

3%

Europe

18%

China

27%

38Source: CMAI, June 2010

North America

17%

South America

6%Middle East

6%

Asia ex-China

23%

The Brazilian demand for resins represents 3% of global demand

Page 39: Credit suisse conference

254

7210

191

360

35

12

56

1,011

1,617

Quattor

Quantiq

VenezuelaBraskem America

Mexico

Green PE

Investments in 2010 amount to R$1.6 bi

InvestmentsR$ million

66

20831

61175

317

18

52

116

192

311

47

191

9M10 2010e

Equipment Replacement

Capacity Increse/PVC Alagoas

Maintenance

Others

Productivity

39

Industrial Assets

New Projects

Source: Braskem

* For 2011, capex is estimated at R$ 1.6 billion, which approximately 30% destined to

projects of capacity expansion, 20% to scheduled maintenance shutdowns, and the

remaining to operational investments and spare parts.

Page 40: Credit suisse conference

Increase in Quattor capacity operating rate positively impacted 2Q10

Braskem consolidated operating rate %%

91% 89% 91%83% 83% 88% 86% 81%

90%100%

87%97%

Ethylene Polyethylene Polypropylene PVC

**

40

� Quattor better performance:

� 6 pp growth in ethylene operating rate – 89% in 3Q10 versus 83% in 2Q10

� 8 pp growth in PE operating rate – 84% in 3Q10 versus 76% in 2Q10

� 7 pp growth in PP operating rate – 71% in 3Q10 versus 65% in 2Q10

� Crackers and 2nd generation plants increased operating rates during 3Q10

* 2009 data does not include Quattor expansion of 200 kton

Source: Braskem

3Q09* 2Q10 3Q10 3Q09* 2Q10 3Q10 3Q09 2Q10 3Q10 3Q09 2Q10 3Q10

Page 41: Credit suisse conference

World indicative ethylene cash costs

Source: CMAI 41

Page 42: Credit suisse conference

Revenues breakdown – 3Q10

BTX* 7%

Cumene 2%

ETBE 2%

Fuel 3%Others 7%

Net Revenue By Product (1)

3Q10

42Source: Braskem

Resins 66%

Ethylene 4%

Propylene 3%

Butadiene 5%

(1) Does not include naphta / condensate/ crude oil processing and distribuitor sales

*Benzene, Toluene, Paraxylene and Othoxylene

Page 43: Credit suisse conference

COGS breakdown – 3Q10

Natural Gas 2%

Other Variable

Costs 8%

Labor 3%Services 2%

Others 1%

Deprec / Amort

7%

COGS 3Q10

43Source: Braskem

Naphtha 54%

Gas as feedstock

18%

Electric Energy

5%

Natural Gas 2%

1 Does not include naphtha / condensate / crude oil processing and Quantiq costs

Page 44: Credit suisse conference

Exports Destination – 3Q10

North America

28%

Europe 21%

Asia 7%

Others 1%

Exports Destination

3Q10

44Source: Braskem

The Export Market represents 29% of Company’s Net Revenue.

Central America

9%

South America

34%

Page 45: Credit suisse conference

R$ million

EBITDA Trends 2Q10 Pro Forma vs. 3Q10

1,042

301

1,030

FX impact

on costs 95

FX impact on

revenues(160)

Higher sales volume was impacted by lower margins, due to

the narrower spreads in the international market (a trend

that reversed only in August) and to the BRL appreciation

Source: Braskem45

1,042

22865 10 11

1,030

EBITDA

2Q10

Volume Contribution

Margin

FX Fixed Costs

SG&A

Others EBITDA

3Q10

( )( ) ( ) ( )

Page 46: Credit suisse conference

Debt Profile

Foreign Gov.

Entities

1%

Brazilian Gov.

Entities

27%Capital Market

33%

Gross Debt by Category

CDI

11%

PRE

6%

TJLP-6

20%

Outros

1%

Gross Debt by Index

Source: Braskem46

Working Capital

8%Operações

Estruturadas

31%

33%

Trade Finance

22%

No Trade Finance

40%

62%

Page 47: Credit suisse conference

Outstanding Bonds & Outstanding Ratings

Outstanding Bonds MaturityCoupon

(% p.a.)

Yield *

(% p.a.)

US$250 MM Jan/2014 11.750 3.7

US$250 MM Jun/2015 9.375 4.4

US$275 MM Jan/2017 8.000 5.3

US$500 MM Jun/2018 7.250 5.6

US$750 MM May/2020 7.000 5.9US$750 MM May/2020 7.000 5.9

US$450 MM Perpetual 7.375 7.3

Agency Rating Outlook Reviewed in

Fitch Ratings BB+ Stable 03/02/2009

S&P BB+ Stable 05/28/2009

Moody’s Ba1 Stable 05/21/2009

Corporate Credit Rating – Global Scale

* As of November, 8th

Source: Braskem / Bloomberg47

Page 48: Credit suisse conference

Covenants

2.75

Sep 10

Net Debt / Ebitda (x)

2.63

Sep 10

R$US$

Facility Amount* Jun 10 Currency Type

Senior Notes R$ 500 MM R$ 500 MM R$ Issuance

Nippon Export and Investment Insurance

US$80 MM US$49 MM US$ Maintenance

EPP (Export Pre-Payment)

US$725 MM US$625 MM US$ Maintenance

*The company is prevented from issuing any new debt for the period if it overcomes the 4.5x Net debt /

Ebitda ratio.

Source: Braskem48