- Net revenue grew 14% to R$5 billion in 3Q08, though high naphtha prices and FX rates negatively impacted costs by R$477 million. EBITDA recovered to R$683 million. - The merger of Ipiranga Petroquímica, Copesul and Petroquímica Paulínia into Braskem was completed. A $725 million export prepayment facility was also issued. - The financial result was negatively impacted by R$1.351 billion from FX variation due to the strengthening of the dollar. Net debt increased 23% over the quarter to R$8.331 billion.

1. 3Q08 Earnings
Conference Call

2. Forward-looking Statements
This presentation contains forward-looking statements. These statements do
not represent historical fact, but rather reflect the beliefs and expectations
of Braskem’s management. The words “anticipate”, “wish”, “expect”,
“estimate”, “intend”, “forecast”, “plan”, “predict”, “project”, “target” and
similar words are intended to identify these statements. Although Braskem
believes that the expectations and assumptions reflected in these forward-
looking statements are reasonable and based on information currently
available to management, Braskem cannot guarantee future results or events.
The forward-looking statements in this presentation are valid only on the date
they are made (September 30, 2008) 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. 3Q08 Highlights
Operating Performance :
 Net revenue grows to R$5 billion in 3Q08
 High naphtha prices and FX rate had a negative impact of R$477
million on COGS
 Higher operational efficiency and plants reliability as a result of
the programmed maintenance stoppages in 2Q08.
 Capacity utilization rates above 90%
 EBITDA of R$683 million in 3Q08, with a recovery in EBITDA
margin compared with 2Q08, to 13.6%
 14% increase in PVC sales was the highlight for resins
 Higher revenues from basic petrochemicals
3

4. 3Q08 Highlights
Strategic Actions:
 Merger of Ipiranga Petroquímica, Copesul and Petroquímica Paulínia
into Braskem
 Issue of US$725 million export prepayment facility at a cost of
Libor+1.75 p.p.
 Green Polymers:
 Agreement with Toyota Tsusho to sell Green PE in Asia;
 Certification of the green polypropylene.
4

5. Domestic Market Grows 9% YTD
Domestic Sales 9M08 vs. 9M07 % Resin Market Share 9M08
+16%
Other
+ 11 % +9% +9%
+ 4% 27
% 51%*
22
%
Imports
Braskem Brazilian
PE PP PVC
Resins Market*
* Braskem market share includes sales of
*Domestic Sales + Imports
PVC imported by the Company
Source: Braskem / Abiquim
5

6. Main Economic Indicators
R$ million
Change Change Change
Main Economic 3Q08 2Q08 3Q07 9M08 9M07
Indicators (A) (B) % % (D) (E)
%
( C)
(A)/(B) (A)/( C) (D)/(E)
Net Revenue 5,032 4,405 4,623 14 9 13,848 14,016 (1)
EBITDA 683 519 755 31 (10) 1,785 2,529 (29)
EBITDA Margin 13.6% 11.8% 16.3% 1.8 p.p. -2.8 p.p. 12.9% 18,0% -5.2 p.p.
Net Financial Result (1,616) 407 (68) - 2,271 (1,409) (231) 511
Net Income / Loss (849) 383 132 - - (384) 541 -
Source: Braskem
6

7. EBITDA
Higher basic petrochemical prices and domestic volumes
overcome impacts from higher raw material costs
FX impact
31 on revenue
R$ million
FX impact
(24) on costs
8
75 7
291
683
(217)
519
2Q08 Prices Volume Exchange Others Raw 3Q08
Rate Materials
Source: Braskem 7

8. Lengthening of Debt is a Priority
in R$ million (10/30/08)
Net Debt / EBITDA (x)
Gross Debt: 10,184
3.42
Net Debt: 8,331 2.78
+23%
Average Term: 10.5 years
US$ 72%
Jun08 Sep08
27%
Cash and equivalents
1,853 1,185
1,108
16%
1,213
277 11%
10% 11%
9%
175 7%
6% 1,671
1,792 1,064 1,115
3% 894 956
640 67
598
282 8
9/30/08 2008 2009 2010 2011 2012 / 2014 / 2016 / 2018 / Perpétuos
In R$ 2013 2015 2017 2020
In US$ Includes R$1.4 billion from the bridge loan used to acquire the petrochemical assets of the Ipiranga Group,
R$1.2 billion maturing in 2009 and R$175 million in 2010. In October, this loan was exchanged for a US$725
Source: Braskem million export prepayment facility with a 3- year grace period. 8

9. Financial Results Reflect FX Rate
R$ million 3Q08 2Q08 1Q08 9M08 2007
Financial Result (1,616) 407 (200) (1,410) (284)
Expenses (1,932) 473 (231) (1,690) (84)
Income 316 (66) 30 280 (200)
FX variation (1,351) 593 4 (753) 800
Loss (1,626) 708 25 (892) 1,133
Gain 275 (115) (21) 139 (334)
FX Rate - EOP 1.91 1.59 1.75 1.91 1.77
FX Variation 20.25% -8.99% -1.25% 8.07% -17.15%
9

10. Priorities in 4Q08
 Reduce fixed costs / expenses
 Capture synergies from the IPQ/CPS acquisition
 Focus on profitability of the business and
competitiveness of the chain
 Naphtha: negotiations with Petrobras
 Green PE project: Investment decision
10

11. 3Q08 Earnings
Conference Call
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