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Conference Call
    2Q11

 Investor Relations
São Paulo, August 15, 2011
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
(June 30, 2011) 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
Highlights

 Net revenue in 2Q11 was US$5.2 billion, or R$8.3 billion, growing 18% and 13%, respectively, from
  1Q11. In relation to 2Q10, growth in USD was 39%.
 In 1H11, net revenue was US$ 9.7 billion, up 31% from 1H10.
 Record EBITDA of R$ 1.2 billion in 2Q11, up 25% when compared to prior quarter, supported by the
  higher contribution margin in the period. Record LTM EBITDA of US$2.5 billion or R$4.2 billion.
 Braskem remains committed to maintaining its financial solidity:
      Net Debt/EBITDA ratio maintained its downward trend to reach 2.30 times
      New markets tapped: US$ 500 million, 30-year bond issue due in July 2041, with coupon of 7.125%
       p.a. and yield of 7.25% p.a.
 Synergies from Quattor acquisition totaled R$163 million in 1H11.
 Acquisition of Dow’s Polypropylene business for US$323 million
      Leader in the U.S. PP market.
      Global expansion of industrial operations
      Total capacity of 1,050 ktons/year: 2 plants in U.S. and 2 in Europe
      Net Debt/EBITDA ratio of 2.40 x (pro forma)

                                                                                                         3
Performance by Segment – 2Q11 vs. 1Q11

           POLYOLEFINS
           • Total sales remain stable
           • Revenue: growth of 8% in USD and 4% in BRL



           VINYLS
           • PVC and soda sales grow 12% and 7%, respectively
           • Recovery in production and increase of 12% in PVC apparent consumption
           • Revenue: growth of 19% in USD and 14% in BRL


           BASIC PETROCHEMICALS
           • Total ethylene and propylene sales increase 8%
           • Higher feedstock costs and higher cracker co-product prices
           • Revenue: growth of 28% in USD and 22% in BRL


           INTERNATIONAL BUSINESSES
           • Higher PP prices, driven by the increase in propylene prices
           • Revenue: growth of 18%, to US$460 million

                                                                                      4
Domestic Market Performance

   Resins Domestic Market grew 2% in 2Q11, compared to                                Origin of Imports in 2Q11
        2Q10

                                                                                      PE + PP                             PVC

                                                                                                                    Europe Others
  Braskem’s Sales Profile – 2Q11
                    2Q11                                                                                              3%    4%

                                                                                      Others
                            OTHERS                                                     16%                        Asia
                                                                                                                  16%
                 RETAIL                                                      Europe                                             North America
                                   10%
                                                                              12%              North America                         27%
       AGRIBUSINESS          5%                             FOOD PACKAGING
                                                 31%                                                35%
                          5%
     AUTOMOTIVE                                                               Asia                             Colombia           Argentina
                       6%
                                                                              17%                                38%                 12%
                                                                                           Argentina
                                                                                              16%
                        14%
     CONSTRUCTION                               10%                          Colombia
                                                        CONSUMER                4%
                                  10%    9%             GOODS

                      INDUSTRIAL              HYGIENE AND
                                              CLEANING                                     Polyolefins (PE and PP) and PVC
                                                                                          imports accounted for 29% and 37% of
                                                                                          the domestic market, respectively
            Stronger performance on Consumer Goods and
           Construction segments                                                           Americas accounted for 61% of imports



Source: Abiquim, Braskem                                                                                                                        5
EBITDA Performance: 2Q11 vs. 1Q11
    Combination of sales volume growth and higher resin                                  R$ million
    and basic petrochemical prices partially offset the
    increase in raw material prices and BRL appreciation.                FX impact
                                                                         on costs       292

                                                                                     FX impact
                                                                                     on
                                                                         (376)
                                                                                     revenue




                                           263              9
                                                                                                 1,152
                                                                ( 84 )
                                                                                 (5 )
                               50
                   919




                  EBITDA    Volume     Contribution    Others    FX       Fixed Costs            EBITDA
                   1Q11                  Margin                              SG&A                 2Q11
Source: Braskem                                                                                           6
EBITDA Performance: 2Q11 vs. 2Q10
  Higher resin and basic petrochemical prices offset the                                  R$ million
  lower sales volume, the BRL appreciation and higher raw
  material prices.                                                             FX impact
                                                                               on costs       800

                                                                                           FX impact
                                                                                           on
                                                                               (1,031)
                                                                                           revenue

                                  381           3

                                                             ( 48 )
                                                                                     10                 1,152
                     1,036                                            ( 231)




                    EBITDA    Contribution    Others        Volume     FX       Fixed Costs            EBITDA
                     2Q10       Margin                                             SG&A                 2Q11

Source: Braskem                                                                                                 7
Reduction in leverage reaffirms Braskem’s strategy

                                                                                                                               Dívida LíquidaEBITDA (R$)
                                                                                                                                   Net Debt/ / EBITDA (US$)

                                                                                                                           Jun 11                 2.30x
                                           AmortizationSchedule(1)                                                                                                     -3%
                                                (R$ million)
                                                                                                                          Mar 11                            2.37x
                                                06/30/2011
                 546*

                                                                                                                               Dívida Líquida / EBITDA (US$)
                                                                                                                                  Net Debt/ EBITDA (US$)
                  662
                                                                                            17%         15%
                                                                 14%                                                       Jun 11                   2.47x
3,192                                                                   13%
        2,646                                         11%                       12%                                                                                     -2%
                               10%                                                         2,114                          Mar 11                               2.52x
                                           8%                                                           1,895
                                                     1,363      1,715           1,499
                 1,984        1,185                                     1,582
                                           999
                                                                                                                          Gross debt pegged to USD: 60%
                                                                                                                          Net debt pegged to USD: 69%
                06/30/11      2011         2012       2013       2014   2015/   2017/       2019/        2021
                                                                                             2020
                                                                                                                                        Corporate Credit Rating
                  Cash                                                   2016   2018                    onwards
                                                                                                                          Agency    Rating         Outlook              Date
                                                                                 (1) Does notinclude transaction costs
                          Invested in R$
                         Invested in US$                                          * Stand by of US$ 350 million          Global Scale
                                                                                                                         Moody's        Baa3        Stable          3/31/2011
                                                                                                                          S&P           BBB-        Stable          3/30/2011
                                                                                                                          Fitch         BB+        Positive         1/11/2011
                    US$500 million bond issue due in July 2041 with yield of
                                                                                                                         National Scale
                    7.25% p.a. and coupon of 7.125% p.a. marked Braskem’s first
                    30-year issue, allowing for the access to a new profile of                                           Moody's Aa2.br             Stable          3/31/2011
                                                                                                                          S&P     brAAA             Stable          3/30/2011
                    investors.
                                                                                                                          Fitch  AA (bra)          Positive         1/11/2011



                                                                                                                                                                                8
Synergies from Quattor acquisition total
   R$ 163 million in 1H11
         1H11 EBITDA*: R$ 163 million                                                2012 EBITDA*: R$ 495 million

 R$ million
                                                                     R$ million
                                                                                                                       59
                                         32                                                   87

                            45
                                                                                                                                 495
                                                       163
                                                                          350
         86


       Industrial         Logistics     Supply    EBITDA Synergies      Industrial          Logistics             Supply    EBITDA Synergies




          Identification of new opportunities, efficiency and rapid implementation of initiatives to capture synergies
                   Integrated planning for industrial units
                   Centralization of strategy for asset maintenance planning
                   Optimization of freight activities and distribution and storage gains
                   Integrated purchasing of raw materials
                   Tax gains and lower debt carrying cost

Source: Braskem                                                                               * Annual and recurring                           9
Acquisition of Dow’s Polypropylene Business
Transaction:
 On July 27, Braskem acquired Dow’s Polypropylene (PP) business,
  expanding its PP capacity by 1,050 ktons/years
 Braskem will pay US$323 million for the business                           16% Capacity
                                                                               Increase


                                                                                           1.050    7,480
Benefits and strategic drivers:                                                   6,430
                                                                                                                 PP acquisition
 Leader in U.S. PP market, one of the world’s largest PP consumers2.885                   2.885      1,050
                                                                                                                 PP
 Geographic diversification and global expansion of industrial                    2,885              2,885      PE

  operations




                                                                           Kty
                                                                 3.035                     3.035                 PVC

 Portfolio of complementary products                             510              3,035    510       3,035
    –   Focus on higher value-added products (co-polymers)
                                                                 Brk               510 + D
                                                                                     Brk               510
 Access to U.S. propylene distribution chain                                    Braskem            Braskem
 Value creation through potential synergies with the current business                                after
                                                                                                   acquisition
    –   NPV near US$140 million
 Greater presence in the European market
    –   Proximity to new clients
    –   Support to global leadership in biopolymers
 PP is one of the world’s faster growing thermoplastic resins
 Fragmented markets in U.S. and Europe - potential for future
  consolidation

                                                                                                                            10
Outlook and Priorities
Petrochemical Industry:
   Global industry scenario in 2H11 points to recovery in resin-naphtha spreads over 2Q11
       Scheduled stoppages in Asia and recovery in local demand;
       Continued instability in Middle East operations;
       Lower capacity utilization rates (U.S. and Europe).
   Risk Factors
       Slowdown in demand from emerging countries impacted by the crisis in developed economies;
       Volatility in raw material prices, driven by stronger speculation on oil prices.



Braskem’s priorities:
   Support the development of an industrial scenario that strengthens the Brazilian petrochemical and plastics
    chain
   Recover market share, combating “subsidized” imports
   Ensure capture of identified synergies
   Integrate new PP plants located in U.S. and Germany
   Maintain liquidity and financial health
   Expansion Project
    –   Expansion of the new PVC Alagoas plant
    –   Final Investment Decision for the Ethylene XXI Project in Mexico, based on competitive feedstock
    –   Define Comperj configuration with Petrobras
    –   Study projects aimed at the access to competitive feedstock in U.S. (shale gas)
    –   Expand use of renewable feedstock
                                                                                                              11
Conference Call
    2Q11

 Investor Relations
São Paulo, August 15, 2011

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2Q11

  • 1. Conference Call 2Q11 Investor Relations São Paulo, August 15, 2011
  • 2. 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 (June 30, 2011) 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. Highlights  Net revenue in 2Q11 was US$5.2 billion, or R$8.3 billion, growing 18% and 13%, respectively, from 1Q11. In relation to 2Q10, growth in USD was 39%.  In 1H11, net revenue was US$ 9.7 billion, up 31% from 1H10.  Record EBITDA of R$ 1.2 billion in 2Q11, up 25% when compared to prior quarter, supported by the higher contribution margin in the period. Record LTM EBITDA of US$2.5 billion or R$4.2 billion.  Braskem remains committed to maintaining its financial solidity:  Net Debt/EBITDA ratio maintained its downward trend to reach 2.30 times  New markets tapped: US$ 500 million, 30-year bond issue due in July 2041, with coupon of 7.125% p.a. and yield of 7.25% p.a.  Synergies from Quattor acquisition totaled R$163 million in 1H11.  Acquisition of Dow’s Polypropylene business for US$323 million  Leader in the U.S. PP market.  Global expansion of industrial operations  Total capacity of 1,050 ktons/year: 2 plants in U.S. and 2 in Europe  Net Debt/EBITDA ratio of 2.40 x (pro forma) 3
  • 4. Performance by Segment – 2Q11 vs. 1Q11  POLYOLEFINS • Total sales remain stable • Revenue: growth of 8% in USD and 4% in BRL  VINYLS • PVC and soda sales grow 12% and 7%, respectively • Recovery in production and increase of 12% in PVC apparent consumption • Revenue: growth of 19% in USD and 14% in BRL  BASIC PETROCHEMICALS • Total ethylene and propylene sales increase 8% • Higher feedstock costs and higher cracker co-product prices • Revenue: growth of 28% in USD and 22% in BRL  INTERNATIONAL BUSINESSES • Higher PP prices, driven by the increase in propylene prices • Revenue: growth of 18%, to US$460 million 4
  • 5. Domestic Market Performance  Resins Domestic Market grew 2% in 2Q11, compared to  Origin of Imports in 2Q11 2Q10 PE + PP PVC Europe Others  Braskem’s Sales Profile – 2Q11 2Q11 3% 4% Others OTHERS 16% Asia 16% RETAIL Europe North America 10% 12% North America 27% AGRIBUSINESS 5% FOOD PACKAGING 31% 35% 5% AUTOMOTIVE Asia Colombia Argentina 6% 17% 38% 12% Argentina 16% 14% CONSTRUCTION 10% Colombia CONSUMER 4% 10% 9% GOODS INDUSTRIAL HYGIENE AND CLEANING  Polyolefins (PE and PP) and PVC imports accounted for 29% and 37% of the domestic market, respectively  Stronger performance on Consumer Goods and Construction segments  Americas accounted for 61% of imports Source: Abiquim, Braskem 5
  • 6. EBITDA Performance: 2Q11 vs. 1Q11 Combination of sales volume growth and higher resin R$ million and basic petrochemical prices partially offset the increase in raw material prices and BRL appreciation. FX impact on costs 292 FX impact on (376) revenue 263 9 1,152 ( 84 ) (5 ) 50 919 EBITDA Volume Contribution Others FX Fixed Costs EBITDA 1Q11 Margin SG&A 2Q11 Source: Braskem 6
  • 7. EBITDA Performance: 2Q11 vs. 2Q10 Higher resin and basic petrochemical prices offset the R$ million lower sales volume, the BRL appreciation and higher raw material prices. FX impact on costs 800 FX impact on (1,031) revenue 381 3 ( 48 ) 10 1,152 1,036 ( 231) EBITDA Contribution Others Volume FX Fixed Costs EBITDA 2Q10 Margin SG&A 2Q11 Source: Braskem 7
  • 8. Reduction in leverage reaffirms Braskem’s strategy Dívida LíquidaEBITDA (R$) Net Debt/ / EBITDA (US$) Jun 11 2.30x AmortizationSchedule(1) -3% (R$ million) Mar 11 2.37x 06/30/2011 546* Dívida Líquida / EBITDA (US$) Net Debt/ EBITDA (US$) 662 17% 15% 14% Jun 11 2.47x 3,192 13% 2,646 11% 12% -2% 10% 2,114 Mar 11 2.52x 8% 1,895 1,363 1,715 1,499 1,984 1,185 1,582 999  Gross debt pegged to USD: 60%  Net debt pegged to USD: 69% 06/30/11 2011 2012 2013 2014 2015/ 2017/ 2019/ 2021 2020 Corporate Credit Rating Cash 2016 2018 onwards Agency Rating Outlook Date (1) Does notinclude transaction costs Invested in R$ Invested in US$ * Stand by of US$ 350 million Global Scale Moody's Baa3 Stable 3/31/2011 S&P BBB- Stable 3/30/2011 Fitch BB+ Positive 1/11/2011 US$500 million bond issue due in July 2041 with yield of National Scale 7.25% p.a. and coupon of 7.125% p.a. marked Braskem’s first 30-year issue, allowing for the access to a new profile of Moody's Aa2.br Stable 3/31/2011 S&P brAAA Stable 3/30/2011 investors. Fitch AA (bra) Positive 1/11/2011 8
  • 9. Synergies from Quattor acquisition total R$ 163 million in 1H11 1H11 EBITDA*: R$ 163 million 2012 EBITDA*: R$ 495 million R$ million R$ million 59 32 87 45 495 163 350 86 Industrial Logistics Supply EBITDA Synergies Industrial Logistics Supply EBITDA Synergies Identification of new opportunities, efficiency and rapid implementation of initiatives to capture synergies  Integrated planning for industrial units  Centralization of strategy for asset maintenance planning  Optimization of freight activities and distribution and storage gains  Integrated purchasing of raw materials  Tax gains and lower debt carrying cost Source: Braskem * Annual and recurring 9
  • 10. Acquisition of Dow’s Polypropylene Business Transaction:  On July 27, Braskem acquired Dow’s Polypropylene (PP) business, expanding its PP capacity by 1,050 ktons/years  Braskem will pay US$323 million for the business 16% Capacity Increase 1.050 7,480 Benefits and strategic drivers: 6,430 PP acquisition  Leader in U.S. PP market, one of the world’s largest PP consumers2.885 2.885 1,050 PP  Geographic diversification and global expansion of industrial 2,885 2,885 PE operations Kty 3.035 3.035 PVC  Portfolio of complementary products 510 3,035 510 3,035 – Focus on higher value-added products (co-polymers) Brk 510 + D Brk 510  Access to U.S. propylene distribution chain Braskem Braskem  Value creation through potential synergies with the current business after acquisition – NPV near US$140 million  Greater presence in the European market – Proximity to new clients – Support to global leadership in biopolymers  PP is one of the world’s faster growing thermoplastic resins  Fragmented markets in U.S. and Europe - potential for future consolidation 10
  • 11. Outlook and Priorities Petrochemical Industry:  Global industry scenario in 2H11 points to recovery in resin-naphtha spreads over 2Q11  Scheduled stoppages in Asia and recovery in local demand;  Continued instability in Middle East operations;  Lower capacity utilization rates (U.S. and Europe).  Risk Factors  Slowdown in demand from emerging countries impacted by the crisis in developed economies;  Volatility in raw material prices, driven by stronger speculation on oil prices. Braskem’s priorities:  Support the development of an industrial scenario that strengthens the Brazilian petrochemical and plastics chain  Recover market share, combating “subsidized” imports  Ensure capture of identified synergies  Integrate new PP plants located in U.S. and Germany  Maintain liquidity and financial health  Expansion Project – Expansion of the new PVC Alagoas plant – Final Investment Decision for the Ethylene XXI Project in Mexico, based on competitive feedstock – Define Comperj configuration with Petrobras – Study projects aimed at the access to competitive feedstock in U.S. (shale gas) – Expand use of renewable feedstock 11
  • 12. Conference Call 2Q11 Investor Relations São Paulo, August 15, 2011