4Q12 and 2012 Earnings
     Conference Call




        Investor Relations
    São Paulo, February 7, 2013
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.


 The forward-looking statements in this presentation are valid only on the date
 they are made (December, 31 2012) 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.


                                                                                     2
4Q12 Highlights

 Crackers utilization rates of 82%
    –   Seasonality of the Brazilian market and operational problems
 Braskem’s thermoplastic resin sales of 867 kton, reflecting quarterly seasonality - market share of
  70%
 Net revenue of R$9.2 billion, similar to 3Q12 and 8% higher than in 4Q11
 Divestment of non-core assets
    –   Cetrel and Distribuidora de Águas de Camaçari: R$652 million
    –   Railcars in USA: R$170 million (US$83 million)
 EBITDA of R$1,399 million or US$677 million
    –   Includes capital gain of R$516 million from asset divestments
 Integrated project in Mexico
    –   Braskem’s interest in the project up to 75%
    –   Conclusion of US$3.2 billion project-finance structure
 Commitment to financial health
    –   New stand-by credit line: R$450 million
    –   US$200 million from Nexi (disbursed in Jan-13)
                                                                                                        3
2012 Highlights

 Crackers utilization rates of 89%, up 6.6 p.p. on 2011

 Thermoplastic resin sales of 3.5 million tons, reflecting 6 p.p. market share gain in 2012 to 71%

 EBITDA of R$4.0 billion or US$2.0 billion

     – Excluding nonrecurring items, EBITDA stood at R$3.1 billion

 Braskem made progress in its strategy of adding value to the existing streams and diversifying its
  feedstock profile

     – Startup of the new PVC plant and expansion of the Butadiene plant

     – USA: acquisition of a splitter and partnership strengthening with Enterprise Products

     – Integrated project in Mexico
          • Earthmoving works concluded and EPC contract signed
          • Pre-marketing activities launched
          • Conclusion of US$3.2 billion project-finance structure

 Divestment of non-core assets and commitment to financial health

 Confirmation of investment grade rating by 3 global credit risk agencies


                                                                                                       4
Thermoplastic resin market shows signs of recovery. Braskem
expands presence in the domestic market
   Brazil’s Thermoplastic Resin Market                         Braskem’s domestic sales
    (kton)                                                       (kton)
                                          +3%                                +12%

                                                  -8%                                    -9%
                                            1.3                                   1.0
                                    1.2                  1.2                                   0.9
                                                                      0.8




                              4Q11 3Q12 4Q12                         4Q11 3Q12 4Q12
                                            +2%
                                                                                  +10%
                                     4.9           5.0
                                                                                          3.5
                                                                            3.2




                                    2011          2012                  2011             2012
Source: Alice / Braskem Estimates                                                                    5
EBITDA Performance – 4Q12 vs. 3Q12

 The lower sales volume was partially offset by the recovery in spreads for
                                                                                                                     R$ million
  the main basic petrochemicals and by exchange variation. EBITDA also
  benefitted from the divestment of core assets in 4Q12.




                                                                        FX impact
                                                                        on revenue       104                   516           1,399

                                                                          (77)      FX impact
                                                                                    on costs


                                                  112            27
                      930
                                                                                                898
                                   ( 60 )                                      ( 127 )




                     EBITDA        Volume      Contribution      FX        Fixed Costs +   Recurring 4Q12 Non- recurrent     EBITDA
                      3Q12                       Margin                   SG&A + Others       EBITDA          items           4Q12


                                                                                                                                      6
EBITDA Performance – 2012 vs. 2011

   The higher sales volume and U.S. dollar appreciation partially offset the
    contribution margin contraction, which was affected by the lower spreads                                          R$ million
    of resins and basic petrochemicals, following the international market
    trend. Nonrecurring effects during 2012 also positively impacts on the
    result.


                                                                                 FX impact
                                                                                 on revenue
                                                                                              5,529

                                              520                                             FX impact
                                                                                  (4,478)     on costs          860                3,958
                             3,742
                                                                         1,051
                                                                                                      3,098
                                                                                    ( 396)


                                                            ( 1,819 )




                           EBITDA           Volume        Contribution    FX     Fixed Costs + Recurring        Non-          EBITDA
                            2011                            Margin                   SG&A        2012         recurrent        2012
*Nonrecurring: Refis + Compensation + Asset divestments                                         EBITDA         items*                      7
Longer debt profile with diversified financing sources. Commitment
   to maintaining liquidity
   Braskem’s high liquidity1 ensures that its cash and cash equivalents
    cover the payment of obligations maturing over the next 36 months                                                                                     Gross Debt by Category
                                                                                                                                               Diversified funding sources
                                      Amortization Schedule(1)
                                            (R$ million)                                                                                                                                        Brazilian and
                                           12/31/2012                                                                                                                                           Foreign Gov.
                                                                                                                                                                                                  Entities
                                                                                                                                                                                                    20%


                 1,676 *                                                                                           22%             23%
                                                                                                                                                 Capital
                                                                                                                                                 Market
                                                                                                  15%                                             53%                                                Banks
5,170                                                                                                                                                                                                 27%
                 2,218
                              10%           10%                                                                   3,950          4,006
        3,494                                              9%
                                                                         6%                       2,668
                                                                                     4%
                             1,842         1,765         1,521                                                                                          USD-denominated gross debt: 68%
                 1,277                                                 1,098
                                                                                     721                                                                USD-denominated net debt : 69%
                12/31/12     2013           2014          2015          2016         2017         2018/           2020/          2022
                  Cash                                                                            2019            2021          onwards
                                                                                                   (1) Does not
                                                                                                             include transaction costs
                 Invested in US$
                 Invested in R$                                                                    * US$600 million stand by and R$450 million


                                      Net Debt / EBITDA (US$)                                                                                 Credit Risk – Global Scale
                                   US$ million               3Q12           4Q12            
                                                                                                                                          Agency            Rating            Outlook               Date
                                     Net Debt                6,492          6,859           +6%
                                                                                                                                            Fitch            BBB-            Negative            10/26/2012
                                   EBITDA (LTM)              1,722          2,003          +16%
                                                                                                                                            S&P              BBB-              Stable             11/9/2012
                               Net Debt/EBITDA               3.77x          3.42x*          -9%
                                                                                                                                         Moody’s             Baa3            Negative            11/28/2012

                             * Ex-bridge loan for Mexico Project = 3.30x in 4Q12
                                                                                                                  1   Includes US$600 million and R$450 million in stand-by credit facilities                   8
Growth projects and Capex

  R$ million                             Investments
                                         (R$ million)
                                                        2,244


                                     1,713               536
                                       34
                                                                 Capacity Increase
                                                         173
                                       636               204     Mexico

                                                                 Comperj/ Acrylic Acid/
                                       173                       Splitter
                                                                 Productivity/ HSE

                                                        1,332    Maintenance/ Equipment
                                                                 Replacement/ Others
                                       869




                                      2012              2013e

 Maintaining its commitment to capital discipline, Braskem made R$1,713 million in operating investments in
  2012, in line with the previous estimative of R$ 1,712 million
     ~40% of the total, or R$670 million, was allocated to capacity expansion


 For 2013, investment is estimated at R$2,244 million
     ~70% allocated to maintenance, productivity improvement and the scheduled cracker shutdown
     ~25% for construction of the new petrochemical complex in Mexico
                                                                                                           9
Global scenario

        Points of Concern
         High volatility of oil and naphtha prices
         Lack of definition on a recovery of the
          European economy and its influence on the
          world economic growth  petrochemicals
          demand
         Power outages (Brazil)                                          Potential Positive Points
                                                       Positive indicators from the U.S. economy
                                                       Expectation that the measures adopted
                                                        by the Chinese government will support
                                                        gradual improvement in domestic demand
                                                       Brazilian government committed to
                                                        developing the chain and strengthening
                                                        the      competitiveness   of     local
                                                        manufacturers
                                                           - Extension of Reintegra program
                                                           - Brasil Maior Plan (REIQ)
                                                           - Combatting imports



Source: CMAI , Analysts’ Reports                                                                      10
Braskem’s priorities in 2013

 Focus on continually strengthening the relationship with Clients and expanding market share

 Support for creation of an industrial policy that increases competitiveness in the petrochemical
    and plastics chain in Brazil, while attracting new investment to the sector

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

 Ensuring disbursement of the project finance and making progress on construction of the
    greenfield project in Mexico; start-up is expected in 2015

 Concluding the basic engineering studies for the industrial units of the Comperj (FEL3) project
    and defining the feedstock to be used by the complex

 Consolidating Braskem’s leadership in renewable chemicals

 Maintaining liquidity and financial health in a scenario marked by global crisis


                                                                                                     11
4Q12 and 2012 Earnings
     Conference Call




        Investor Relations
    São Paulo, February 7, 2013

Presentation 4Q12

  • 1.
    4Q12 and 2012Earnings Conference Call Investor Relations São Paulo, February 7, 2013
  • 2.
    Forward-looking Statements Thispresentation 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. The forward-looking statements in this presentation are valid only on the date they are made (December, 31 2012) 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. 2
  • 3.
    4Q12 Highlights  Crackersutilization rates of 82% – Seasonality of the Brazilian market and operational problems  Braskem’s thermoplastic resin sales of 867 kton, reflecting quarterly seasonality - market share of 70%  Net revenue of R$9.2 billion, similar to 3Q12 and 8% higher than in 4Q11  Divestment of non-core assets – Cetrel and Distribuidora de Águas de Camaçari: R$652 million – Railcars in USA: R$170 million (US$83 million)  EBITDA of R$1,399 million or US$677 million – Includes capital gain of R$516 million from asset divestments  Integrated project in Mexico – Braskem’s interest in the project up to 75% – Conclusion of US$3.2 billion project-finance structure  Commitment to financial health – New stand-by credit line: R$450 million – US$200 million from Nexi (disbursed in Jan-13) 3
  • 4.
    2012 Highlights  Crackersutilization rates of 89%, up 6.6 p.p. on 2011  Thermoplastic resin sales of 3.5 million tons, reflecting 6 p.p. market share gain in 2012 to 71%  EBITDA of R$4.0 billion or US$2.0 billion – Excluding nonrecurring items, EBITDA stood at R$3.1 billion  Braskem made progress in its strategy of adding value to the existing streams and diversifying its feedstock profile – Startup of the new PVC plant and expansion of the Butadiene plant – USA: acquisition of a splitter and partnership strengthening with Enterprise Products – Integrated project in Mexico • Earthmoving works concluded and EPC contract signed • Pre-marketing activities launched • Conclusion of US$3.2 billion project-finance structure  Divestment of non-core assets and commitment to financial health  Confirmation of investment grade rating by 3 global credit risk agencies 4
  • 5.
    Thermoplastic resin marketshows signs of recovery. Braskem expands presence in the domestic market  Brazil’s Thermoplastic Resin Market  Braskem’s domestic sales (kton) (kton) +3% +12% -8% -9% 1.3 1.0 1.2 1.2 0.9 0.8 4Q11 3Q12 4Q12 4Q11 3Q12 4Q12 +2% +10% 4.9 5.0 3.5 3.2 2011 2012 2011 2012 Source: Alice / Braskem Estimates 5
  • 6.
    EBITDA Performance –4Q12 vs. 3Q12  The lower sales volume was partially offset by the recovery in spreads for R$ million the main basic petrochemicals and by exchange variation. EBITDA also benefitted from the divestment of core assets in 4Q12. FX impact on revenue 104 516 1,399 (77) FX impact on costs 112 27 930 898 ( 60 ) ( 127 ) EBITDA Volume Contribution FX Fixed Costs + Recurring 4Q12 Non- recurrent EBITDA 3Q12 Margin SG&A + Others EBITDA items 4Q12 6
  • 7.
    EBITDA Performance –2012 vs. 2011  The higher sales volume and U.S. dollar appreciation partially offset the contribution margin contraction, which was affected by the lower spreads R$ million of resins and basic petrochemicals, following the international market trend. Nonrecurring effects during 2012 also positively impacts on the result. FX impact on revenue 5,529 520 FX impact (4,478) on costs 860 3,958 3,742 1,051 3,098 ( 396) ( 1,819 ) EBITDA Volume Contribution FX Fixed Costs + Recurring Non- EBITDA 2011 Margin SG&A 2012 recurrent 2012 *Nonrecurring: Refis + Compensation + Asset divestments EBITDA items* 7
  • 8.
    Longer debt profilewith diversified financing sources. Commitment to maintaining liquidity  Braskem’s high liquidity1 ensures that its cash and cash equivalents cover the payment of obligations maturing over the next 36 months Gross Debt by Category Diversified funding sources Amortization Schedule(1) (R$ million) Brazilian and 12/31/2012 Foreign Gov. Entities 20% 1,676 * 22% 23% Capital Market 15% 53% Banks 5,170 27% 2,218 10% 10% 3,950 4,006 3,494 9% 6% 2,668 4% 1,842 1,765 1,521  USD-denominated gross debt: 68% 1,277 1,098 721  USD-denominated net debt : 69% 12/31/12 2013 2014 2015 2016 2017 2018/ 2020/ 2022 Cash 2019 2021 onwards (1) Does not include transaction costs Invested in US$ Invested in R$ * US$600 million stand by and R$450 million Net Debt / EBITDA (US$) Credit Risk – Global Scale US$ million 3Q12 4Q12  Agency Rating Outlook Date Net Debt 6,492 6,859 +6% Fitch BBB- Negative 10/26/2012 EBITDA (LTM) 1,722 2,003 +16% S&P BBB- Stable 11/9/2012 Net Debt/EBITDA 3.77x 3.42x* -9% Moody’s Baa3 Negative 11/28/2012 * Ex-bridge loan for Mexico Project = 3.30x in 4Q12 1 Includes US$600 million and R$450 million in stand-by credit facilities 8
  • 9.
    Growth projects andCapex R$ million Investments (R$ million) 2,244 1,713 536 34 Capacity Increase 173 636 204 Mexico Comperj/ Acrylic Acid/ 173 Splitter Productivity/ HSE 1,332 Maintenance/ Equipment Replacement/ Others 869 2012 2013e  Maintaining its commitment to capital discipline, Braskem made R$1,713 million in operating investments in 2012, in line with the previous estimative of R$ 1,712 million  ~40% of the total, or R$670 million, was allocated to capacity expansion  For 2013, investment is estimated at R$2,244 million  ~70% allocated to maintenance, productivity improvement and the scheduled cracker shutdown  ~25% for construction of the new petrochemical complex in Mexico 9
  • 10.
    Global scenario Points of Concern  High volatility of oil and naphtha prices  Lack of definition on a recovery of the European economy and its influence on the world economic growth  petrochemicals demand  Power outages (Brazil) Potential Positive Points  Positive indicators from the U.S. economy  Expectation that the measures adopted by the Chinese government will support gradual improvement in domestic demand  Brazilian government committed to developing the chain and strengthening the competitiveness of local manufacturers - Extension of Reintegra program - Brasil Maior Plan (REIQ) - Combatting imports Source: CMAI , Analysts’ Reports 10
  • 11.
    Braskem’s priorities in2013  Focus on continually strengthening the relationship with Clients and expanding market share  Support for creation of an industrial policy that increases competitiveness in the petrochemical and plastics chain in Brazil, while attracting new investment to the sector  Boosting Braskem’s competitiveness by capturing the identified synergies, reducing fixed costs and increasing utilization rates  Ensuring disbursement of the project finance and making progress on construction of the greenfield project in Mexico; start-up is expected in 2015  Concluding the basic engineering studies for the industrial units of the Comperj (FEL3) project and defining the feedstock to be used by the complex  Consolidating Braskem’s leadership in renewable chemicals  Maintaining liquidity and financial health in a scenario marked by global crisis 11
  • 12.
    4Q12 and 2012Earnings Conference Call Investor Relations São Paulo, February 7, 2013