Investors Briefing Presentation - Integrated Reporting

1. Meeting with
Investors
Rosana Avolio
October 18th, 2016

2. Disclaimer and forward-looking statements
This presentation contains forward-looking statements. These forward-looking
statements are not solely historical data, but rather reflect the targets and
expectations of Braskem’s management. The terms “anticipate,” “believe,”
“expect,” “foresee,” “intend,” “plan,” “estimate,” “project,” “aim” and similar terms
are used to indicate forward-looking statements. Although we believe these
forward-looking statements are based on reasonable assumptions, they are
subject to various risks and uncertainties and are prepared using the information
currently available to Braskem.
This presentation was up-to-date as of June 30, 2016, and Braskem does not
assume any obligation to update it in light of new information or future
developments.
Braskem undertakes no liability for transactions or investment decisions made
based on the information in this presentation.

3. BRASKEM
Agenda
Business Model / Strategy Drivers
Risks and Opportunities
Sustainable Development
Conclusion

4.  Leading presence in the Brazilian market: only integrated
petrochemical company in 1st and 2nd generation
 Key player of thermoplastic resins (PE+PP+PVC) in the Americas
and largest Biopolymer Producer of the World
 Largest PP producer in USA
 29 units in Brasil, 5 in EUA, 2 in Germany and 4 in
Mexico:
Braskem
Summary 2015:
 Net revenue: R$47.3 billion / US$14.3 billion
 EBITDA: R$9.4 billion / US$2.8 billion
 EBITDA margin: 19.8%
 Net debt: R$21.1 bi / US$5.4 billion
 Leverage (net debt/EBITDA): 2.23x (R$) / 1.91x (US$)
Activities divided into 6 segments:
1) UNIB (1st generation): 3.9 MM ton Ethylene/ 1.5 MM ton
propylene
2) UNPOL (PE and PP): 3.0 MM ton PE / 1.8 MM ton PP
3) Vinyls (PVC and chlor-alkali): 710 kt PVC / 539 kt Soda
4) quantiQ (chemicals distribution): more than 1,500 products
5) USA and Europe (PP): 2.0 MM ton PP
6) Mexico (PE): 1.050 MM ton PE
Industrial Assets
 1 gas cracker
 1 PP
 1 PE
 1 hybrid cracker
 2 PP
 3 PE
 1 PP
Pennsylvania
 1 naphtha cracker
 1 ethanol cracker
 5 PE
 2 PP
 2 PVC
 1 chlor-alkali 1 naphtha cracker
 4 PE
 1 PP
 1 PVC
 1 chlor-alkali
 2 PP
 (Wesselin
and
Schkopau
 3 PP
Texas
 1 PP
W.Virginia
 Listed in 3 stock exchanges: BM&FBovespa, NYSE and Latibex
- 100% tag along
 Investment Grade by S&P e Fitch

5. Business Model - Brazil
Solid business model based on the competitive integration of the value chain
Raw material
Naphtha
Ethanol
Ethane
Propane
Basic Petrochemicals Unit
Ethene
Propylene
Benzene
Toluene
Paraxylene
Butadien
eCumene
Ethene and Propylene
Clients
Polyolefins and Vinyls Unit
Integrated Petrochemical
Polyethylene
Polypropylen
e
PVC
Green
Polyethylene

6. Business Model – US & Europe
Propylene
Polypropylene
Diversified sources of raw materials:
Refineries PDH Crackers
Clients

7. Business Model – Mexico
Gás
Ethane
Ethylene
HDPE
HDPE
LDPE
Clients

8.  Total common shares = 451,668,652
 Total class “A” preferred shares = 345,002,978
 Total class “B” preferred shares = 593,618
Total Shares = 797,265,248
 Odebrecht and Petrobras corporate relations regarding Braskem are regulated by a Shareholders’ Agreement
 Odebrecht appoints Braskem’s Chairman of the Board, while Petrobras appoints its Vice Chairman
¹Include shares held in treasury
Source: Shareholders’ Agreement of Braskem S.A., BM&FBOVESPA – Data retrieved in 06/30/2016
Ownership Structure

9. Corporate Governance StructureSHAREHOLDERS
STRATEGY AND COMMUNICATION
COMMITTEE
PEOPLE AND ORGANIZATION
COMMITTEE
FINANCIAL AND INVESTMENT
COMMITTEE
COMPLIANCE COMMITTEE
SUPPORT FROM CORPORATE GOVERNANCE AREA
CLIENTS
BOARD OF DIRECTORS
FISCAL COUNCIL
INDEPENDENT AUDITORS
BUSINESS LEADER
PERMANENT BOARD OF
DIRECTORS SUPPORT
COMMITTEE
Corporate Governance at Braskem is based on ethics, transparency and respect for Clients, Team
Members, Shareholders, Suppliers and all other audiences with whom the Company interacts.
CHIEF COMPLIANCE
OFFICER

10. Strategy Drivers
10BRASKEM / Relatório Anual / 11
PURPOSE  Improve people's lives by creating sustainable solutions through
chemicals and plastics
‘
VALUES
(TEO)
 Trust in people
 Client satisfaction
 Partnership among team members
STRATEGY
PERPETUATE
GROW
SURVIVE
• Focus on the client and the market
• Competitive raw material and energy
• Productivity and operacional efficiency
• Geographic diversity
• Serve the Brazilian market
• Develop new paths using renewable
raw material.
• Technology
• People and Organization
• Sustentability and Innovation
 Reinvestments
 Self-development of people
 Return for shareholders

11. BRASKEM
Agenda
Business Model/ Strategy Drivers
Risks and Opportunities
Sustainable Development
Conclusion

12. Diversification through competitive raw material: current feedstock profile with higher exposure based on
naphtha that presents higher costs and that could create exposure to carbon pricing mechanisms.
Acess to competitive feedstock
Raw
Material
Profile
Recent investments to diversify feedstock:
1. Braskem Idesa complex: 1,05kt PE production using 100% ethane as feedstock.
2. Feedstock flexibility project in Bahia: Braskem is investing R$ 380 million to enable the cracker
in Bahia to use ethane for up to 15% of its feedstock. The project is scheduled to start
operating in the second half of 2017.

13. Brazilian Market Challenges
Brazilian Market of Resins (kton):
2015
2,372
5,385
-7.6%
4,926
2014
5,331
1H162013
Good operational performance, exports and
international units results : record EBITDA
even in a year of an unfavorable Brazilian
economy (2015 GDP: - 3,5%)
 Exports:
862 778 680
921
520
415
312 388
386
288
+22%
2015
1,307
2014
1,068
2013
1,090
2012
1,277
1H16
808
PE
PP
 Program of costs reduction:
 Competitive Energy: Chesf (valid until 2037 with
contribution to a fund to develop energy sector)
 Client support:
• Pic Plast
• Braskem Visio

14. Allegations
• In early March 2015, in connection with the operation by Brazilian Federal Police called Operation Car Wash (Lava Jato),
statements made by defendants against former executives were mentioned in allegations asserting that improper payments were
made in connection with certain feedstock supply agreements entered into with Petrobras.
• In light of said facts, the Company's Management and Board of Directors immediately approved the engagement of law firms
States and Brazil to conduct an independent internal investigation into the allegations mentioned above. Through said Expert
Firms, Braskem voluntarily contacted the agencies regulating the capital markets in Brazil and the United States, as well as the
U.S. Department of Justice – DoJ, to advise them of the launch of the Investigation.
• The Expert Firms report directly to the Board of Directors of the Company and to the applicable authorities. The Company,
through the Expert Firms, has maintained frequent contact and cooperated with said authorities.
Material Fact (October 3th):
• Braskem has started discussions with DoJ and SEC, that the Company hopes will lead to formal settlement negotiations and the
resolution of the allegations of misconduct. In addition to the conversations with DoJ and SEC, the Company intends to start
simultaneous discussions in Brazil with the same purpose.
• The discussions are being conducted by the Executive Officers of the Company, and the independent investigators, in cooperation
with the competent authorities, shall continue to investigate with the purpose of verifying the accusations of misconduct object of
the potential settlement.
• The Company believes that any possible settlement with the authorities may result in relevant monetary obligations, in addition to
other possible sanctions and/or non-monetary obligations. Due to the nature of this kind of negotiation, it is not possible to
estimate its duration or its final result.

15. BRASKEM
Agenda
Business Model/ Strategy Drivers
Risks and Opportunities
Sustainable Development
Conclusion

16. Materiality Matrix
14

17. 2015 Results
14
9,4
EBITDA Record
Billion
R$
External Funding
R$11
6,1
Loss Avoided
Million
R$
13,4
Water Saving
Million
R$
116
Energy Saving
Million
R$
16%
Reduction CO2
Scope 1+2 Emissions
15
New Resins Revenue
84% Applications SDG Linked
%
Listed In
Sustainable Indexes
2,78
Green PE
Life Cycle Analysis
tCO2/t
100
Recycled Resin
8 projects
tons/month
Million

18. BRASKEM
Agenda
Business Model/ Strategy Drivers
Risks and Opportunities
Sustainable Development
Conclusion

19. Braskem Performance
Renov. Contrato
nafta Aprovação
impeachment/
câmbio
apreciado
-
5
10
15
20
25
BRKM5*
em R$
Release
2014
Allegations
Release
1TQ5
Agreement
CHESF
Release
2Q15
F/X rate
depreciation
Release
3Q16
PTB Divest plan
Release
2015
Brexit
Impeachment/
F/X rate apreciation
8,20x 7,75x 7,82x 7,55x
5,45x
4,53x
3,56x
4,07x
EASTMAN
MEXICHEM
DOW
SOLVAY
LYONDELL
BASELL
WESTLAKE
BRASKEM
(US$)
BRASKEM
(R$)
Peers Average (US$) 6,88x
EV/EBITDA – June 2016:
Braskem EV / EBITDA
in dollars is discounted
by 48% when
compared to the
average of its peers.

20. SO WHY INVEST IN BRASKEM?
 Solid company investing to ensure its long term strategy through geographic, market
and feedstock diversification, leading the way on renewables.
 Responsible in its management of direct and indirect social and environmental impacts.
 Focused on developing sustainable products, working with its value chain and society.
 Significant market expansion prospect of plastics which can make a meaningful
contribution to sustainable development and reducing environmental impact.

21. Thank you!