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Braskem presentation 2_q07_20091201_en

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  • 1. Earnings Conference Call – 2Q07José Carlos Grubisich Carlos Fadigas 1
  • 2. Forward-looking StatementsThis presentation contains forward-looking statements. Such statements are not statementsof historical facts, and reflect the beliefs and expectations of Braskem’s management. Thewords “anticipates”, “wishes”, “expects”, “estimates”, “intends”, “forecasts”, “plans”,“predicts”, “projects”, “targets” and similar words are intended to identify thesestatements. Although Braskem believes that expectations and assumptions reflected in theforward-looking statements are reasonable based on information currently available toBraskem’s management, Braskem cannot guarantee future results or events.Forward-looking statements included in this presentation speak only as of the date they aremade (June 30, 2007), and the Company does not undertake any obligation to update themin light of new information or future developments.Braskem shall not be responsible for any transaction or investment decisions that are takenbased on information included in this presentation. 2
  • 3. BraskemGrowth and profitability accelerated by the acquisition 2Q07 (LTM) EBITDA Margin of 19% Net Revenue US$ MM EBITDA US$ MM 8,744 5,388 1,671 4,769 3,771 871 851 3,008 758 2,375 34% 581 CAGR 33% 457 CAGR 2002 2003 2004 2005 2006 2T07* 2002 2003 2004 2005 2006 2T07* LTM LTM EBITDA margin 19% 19% 23% 18% 14% 19%* 2Q07 LTM – Consolidated Braskem Pro Forma – Other periods with real information.Source: Braskem 3
  • 4. Braskem: Highlights of 2Q07Important strategic events • Braskem launches the first green polyethylene in the world • Acquisition of Ipiranga’s petrochemical assets – The acquisition of Ipiranga Petroquímica minorities was concluded – CVM announces that a public tender offer (“OPA”) for Copesul shares is not required – Braskem awaits CVM approval for the publication of the OPA notice • Odebrecht capitalizes Braskem’s debentures in the amount of R$ 1.2 billion – BNDESPar exchanges Odebrecht’s debentures for Braskem’s Class A Preferred Shares CONTROLLING 79.2% 44.4% FREE FLOAT 12.3% 44.9% SHAREHOLDER ODEBRECHT NORQUISA* PETROQUISA BNDESPAR OTHERS** 59.4% 37.3% 19.8% 7.1% 8.1% 6.8% 0.0% 7.4% 12.3% 37.5% *Odebrecht has 100% of Norquisa % Voting Capital % Total Capital**Does not include treasury shares (3.7% of total) 4
  • 5. BraskemHigher capacity coupled with higher operating reliability leverage ourproduction volumes Capacity Utilization Rate % Ethylene pp PE PVC 96% 96% 96% 97% 96% 92% 92% 92% 91% 91% 88% 78% 2Q06 1Q07 2Q07 2Q06 1Q07 2Q07 2Q06 1Q07 2Q07 2Q06 1Q07 2Q07 Production Volume – 1H07 x 1H06 % +10% +8% +5% +3% Ethylene PE PP PVCSource: Braskem 5
  • 6. BraskemStrengthening of our market leadership Sales Volume – 2Q07 x 1Q07 % Resins Market Share - 1H07 +9% +9% +9% +7% Others +6% 34% 50% 16% Imports PE PP PVC Braskem Market Resins* Domestic Sales + Imports Source: Braskem / Abiquim 6
  • 7. Braskem Figures - 2Q07 x 2Q06 Evolution of Operating and Financial performance Net Revenue R$ million R$ million EBITDA R$ million R$ million R$ million Net Income R$ million R$ million R$ million 4.969 921 4.048 562 281 +23% +64% (55) 2Q06 2Q07 2Q06 2Q07* 2Q06 2Q07 Exports US$ million EBITDA US$ million Net Debt/EBITDA X LTM 675 465 2,18 496 257 1,49 +36% +81% -32% 2Q06 2Q07 2Q06 2Q07 * Mar Jun % of 07 07Net Operating 27% 27% Revenues Source: Braskem * Includes R$ 111 MM (US$ 56 MM) of non-recurring revenues in 2Q07 7
  • 8. Braskem: EBITDA Evolution – 2Q07 vs. 2Q06Price increase surpass costs with naphtha 271 Foreign ExchangeR$ million 111 impact on costs Foreign 130 Exchange impact on 743 revenue (429) 921 (391) (158) (76) 562 Non-recurring Raw Costs/ 2Q06 Prices Volume Pis/Cofins Material FX Rate SG&A 2Q07 RevenueSource: Braskem 8
  • 9. Braskem: EBITDA Evolution – 2Q07 vs. 1Q07Commercial Performance surpass costs with naphtha price increase R$ million 111 16 172 Foreign Exchange 190 impact on costs Foreign Exchange 374 impact on revenue (271) 921 853 (524) (99) Non-recurring Costs/ Raw FX Rate 1Q07 Prices Volume Pis/Cofins SG&A Material 2Q07 RevenueSource: Braskem 9
  • 10. Braskem: Economic and Financial PerformanceOperating performance and improved financial results leverage Net Income R$ million 2Q07 2Q06 Change. % 1H07 1H06 Change. % Main Figures (A)/(B) (C)/(D) (A) (B) (C) (D) Net revenue 4,969 4,048 23% 9,393 8,022 17% EBITDA 921 562 64% 1,774 1,290 37% EBITDA Margin 18.5% 13.9% +4.6 pp 18.9% 16.1% +2.8 pp Net Financial Result (59) (317) -81% (163) (357) -54% Net Income 281 (55) - 408 92 344%Source: Braskem 10
  • 11. BraskemThe largest petrochemical company in Latin America Gross Revenue Net Revenue EBITDA US$ 11.0 bi US$ 8.7 bi US$ 1.7 bi Exports Assets US$ 2.4 bi US$ 10.3 biNote Amounts on 06/30/07 – Pro forma basis: last twelve monthsSource: Braskem 11
  • 12. Earnings Conference Call - 2Q07José Carlos Grubisich Carlos Fadigas 12

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