Slide 1: 2Q22 Earnings Release
Slide 2: 2Q22 highlights
§ In 2Q22, Braskem’s Recurring EBITDA was US$802 million, a decrease of 13% compared to 1Q22 mainly due to: (i) lower sales volume of main chemicals in the Brazil segment, PP in Europe, and PE in the Mexico segment; and (ii) lower international spreads for PVC in Brazil and PP in Europe, though stil
Slide 3: Green ethylene plant in Thailand (MOU with SCG Chemicals)
Project to build a new green ethylene plant in Thailand (MOU with SCG Chemicals) Execution of a memorandum of understanding with SCG Chemicals to conduct feasibility studies for a joint investment in a new green ethylene plant in Thailand.
Slide 4: Joint licensing of green ethylene technology with Lummus
Project for joint licensing of green ethylene technology (partnership with Lummus Technology) Partnership to develop and license Braskem's technology to produce green ethylene. The partnership will bring complementary expertise to accelerate Braskem's commitment to reach 1.0 million tons of green PE
Slide 5: International references: prices and spreads
5 2q2z2 19222021 Cha. azz 1H21— Cha. International References: (USS/ton) 7027 1082 2084 i, Ce ao Prices Brent (US$/bbl) tid 101 69 12% 66% 108 65 66% Naphtha ee ee Ethane 434-297, 1924017 ~— 3058s 8B Propane Ce ee. a ee Resins (i) 1,439 1,369 1,603 5% “10% 1,404 1,516 7% PEUS 1509 1451 «4855 «10% «4
Slide 6: Average utilization rate of petrochemical crackers
c) Average utilization rate of petrochemical crackers: decreased compared to 1Q22 (-12 p.p.) and to 2Q21 (-2 p.p.) due to: (i) the scheduled maintenance shutdown carried out at the petrochemical complex in Rio Grande do Sul over 47 days; (ii) the scheduled maintenance shutdown carried out at the Ala
Slide 7: Utilization Rate Ethylene (%)
Utilization Rate Ethylene (%) 2 pp 76% 740% i Ethylene
Slide 8: Main chemicals sales volume
e) Main chemicals sales volume: in the Brazilian market, sales volume decreased in relation to 1Q22 (-11%), explained by the lower sales of (i) benzene and gasoline, due to the lower product availability for sale given the lower utilization rate of petrochemical crackers in the period; and (ii) para
Slide 9: Geological event in Alagoas
4.1.2 GEOLOGICAL EVENT IN ALAGOAS a) Provisions As assessed by the Company and its external advisors, considering the measures recommended on technical studies in the short and long-term and the existing information and refined estimates of expenses for implementing several measures connected with t
Slide 10: Alagoas provision action fronts
The current provision can be broken down into the following action fronts: a. Support for relocating and compensating the residents, business and real estate owners of properties located in the Civil Defense Map updated in December 2020, including establishments that require special measures for the
Slide 11: Net revenue
A) NET REVENUE: the increase in U.S. dollar (+8%) and increase in Brazilian real (+2%) compared to 1Q22, is explained by the higher prices of PE and main chemicals. Compared to 2Q21, the increase in U.S. dollar (+21%) and Brazilian real (+13%) is explained by the higher resins sales volume and the h
Slide 12: Sales by economic activity
saree lntian ey Eeahoes keeemy | FE ‘Brasher Seles by Economic Activity| PP renin Saha hy Poacene eto) PRE: 1922 2922 20 2931 21 1922 22 192 202 ) i vero Sectors connor goods oters Wi contrction HL Atal Sector Wh indosiah——H Cnmetic nd Paracel reed Wl conmetic and Phamacetia Infestrctire Foot
Slide 13: SG&A, Recurring EBITDA and Renewables overview
C) SG&A EXPENSES: in U.S. dollar, the increase in relation to 1Q22 (+15%) and 2Q21 (+38%) are mainly explained by the higher expenses with consulting and logistics services. D) RECURRING EBITDA: represented 58% of the Company’s segment consolidated Recurring EBITDA. 4.1.4 RENEWABLES 4.1.4.1 Operatio
Slide 14: Green PE sales volume
b) Green PE sales volume: the increase in sales in relation to 1Q22 (+12%) was driven by the better global logistics conditions. Compared to 2Q21, Green PE sales increased (+14%), due to the higher product availability given the unscheduled shutdown in 1Q21.
Slide 15: Sales of Green PE
Braskem Sales (ton) of Green PE 2921 1922 2922 I Green PE Green PE Sales Volume per Region (2 2021 1022 2022 Europe [ill Brazil Il South America Asia ME North America
Slide 16: Net sales revenue Green PE and Recurring EBITDA
A) NET SALES REVENUE GREEN PE (I’m green TM bio-based) + ETBE (product that uses renewable raw material, ethanol in its composition): increased (+13%) in relation to 1Q22, due to: (i) the higher sales volume of Green PE; and (ii) the increase in the international reference for ETBE. Compared to 2Q21
Slide 17: Utilization rate of PP plants
b) Average utilization rate of PP plants: in the United States, the utilization rate decreased in relation to 1Q22 (-7 p.p.) and 2Q21 (-17 p.p.) due to scheduled maintenance shutdowns and minor unscheduled shutdowns at PP plants in the period. In Europe, the utilization rate decreased in relation to
Slide 18: Utilization Rate US & Europe
Utilization Rate (%) | US & Europe 81% 79% 1922 2922 (PP USA Hl PP Europe
Slide 19: Sales Volume US & Europe
Braskem Sales Volume (kton) | US & Europe 2924 1922 2922 BE PPUSA Ml PP Europe
Slide 20: US & Europe net revenue and COGS
A) NET REVENUE: decreased in U.S. dollar compared to 1Q22 (-4%) and 2Q21 (-17%), explained by the lower PP sales volume in Europe and the lower PP price in the United States. In Brazilian real, net revenue decreased in relation to 1Q22 (-9%) and 2Q21 (-23%), also explained by the Brazilian real appr
Slide 21: SG&A, EBITDA and Mexico overview
C) SG&A EXPENSES: in U.S. dollar, the decrease in relation to 1Q22 (-7%) is mainly explained by the lower expenses with port services, consulting, logistics and storage, and legal services. Compared to 2Q21, the decrease (-1%) is due to lower logistics and storage expenses. D) RECURRING EBITDA: repr
Slide 22: Utilization rate of PE plants, Mexico
c) Average utilization rate of PE plants: decreased compared to 1Q22 (-13 p.p.), due to: (i) the reduction in ethane supply by PEMEX, which stood at 22.100 barrels per day in the quarter average, resulting from operational problems and maintenance shutdowns at PEMEX assets; and (ii) the unscheduled
Slide 23: PE sales volume
d) PE sales volume: decreased (-13%) compared to 1Q22, due to the lower product availability for sale, which was partially offset by the consumption of inventory during 2Q22. In relation to 2Q21, the increase (+23%) is explained by the higher product availability for sale compared to the prior-year
Slide 24: Braskem Sales Volume Mexico
Braskem Sales Volume (kton) | Mexico
Slide 25: Mexico net revenue
A) NET REVENUE: decreased in U.S. dollar (-3%) and Brazilian real (-8%) in relation to 1Q22, reflecting the lower PE sales volume. Compared to 2Q21, the increase in U.S. dollar (+2%) is due to the higher sales volume in the period. In Brazilian real, net revenue decreased (-5%), mainly due to the 7.
Slide 26: Mexico cost of goods sold
B) COST OF GOODS SOLD (COGS): increased in U.S. dollar (+12%) and Brazilian real (+6%) in relation to 1Q22, basically explained by the higher ethane and natural gas price in the international market. Compared to 2Q21, the increase in U.S. dollar (+72%) and Brazilian real (+60%) is explained by the h
Slide 27: Mexico SG&A and Recurring EBITDA
C) SG&A EXPENSES: in U.S. dollar, the increase in relation to 1Q22 (+9%) and in relation to 2Q21 (+12%) is mainly explained by the higher fixed costs with third parties and IT services. D) RECURRING EBITDA: represented 12% of the Company’s segment consolidated Recurring EBITDA.
Slide 28: Income Statement
Income Statement 22200 :1Q22 2A 1n2200 1H R$ milion @) © wie) 0) ©__ oe) (Gross Revenue 23,703 31,039 30,488 “a6 60,742 57,110 ‘6% Net Revenue 25411 26,731 26,421 3% s21a3 49,414 6% (Cost of Good Sol (21333) (2601) (16,605) 3% (@253¢) (32,063) 348% Grose Profit 40795130 9,813 20% 9209 47,051 46% ‘Se
Slide 29: Net Revenue Consolidated
Not Revenue (R§ million) | Consolidated 26,421 26,731 oa 2% 25,411 6% 10% 10% oer 56% 2921 1922 2922 i Brazil USA and Europe I Exports? [lll Mexico Does not consider feedstock resale and others 2 Considers ony exports from Braz
Slide 30: Other revenue (expense), net
5.3 OTHER REVENUE (EXPENSE), NET The Company recorded in 2Q22 a net expense of approximately R$1.1 billion, mainly due to the updated accounting provision related to the geological event in Alagoas, as described in item 4.1.2 of this document.
Slide 31: Recurring EBITDA
5.4 RECURRING EBITDA [23] In 2Q22, the Company’s Recurring EBITDA was US$802 million, a decrease of 13% compared to 1Q22 mainly due to: (i) the lower sales volume of main chemicals in the Brazil segment, PP in Europe, and PE in the Mexico segment; and (ii) the lower international spreads for PVC in
Slide 32: Financial income (expense)
5.5 FINANCIAL INCOME (EXPENSE)
Slide 33: Financial expenses and revenue
Financial expenses: increased in relation to 1Q22 (+4%), mainly due to: (i) the effects from the Brazilian real depreciation against the U.S. dollar on foreign-denominated principal; and (ii) the amortization of transaction costs associated with prepayments made in the period. In relation to 2Q21, t
Slide 34: Net income
5.6 NET INCOME In the quarter, the Company reported a net loss [25] of R$1.4 billion, which mainly reflects the effects from exchange variation on the financial result given the Brazilian real at the end of the period depreciation against the U.S. dollar on the net exposure of R$3.6 billion and the
Slide 35: Total projected investment
The total projected investment of R$5.6 billion (US$1.0 billion) includes R$1.4 billion (US$259 billion) for projects related to Braskem’s Sustainable Development Macro Goal to be carried out over the course of 2022.
Slide 36: Disclosure of investments by macro objectives
1 Heath & Sefaty MO 2 - Frail nd Economic Rasuke Mo 3 Dsposal ef pst waste MO. -Crnete ange MO 5 - Operational zoey MO 6 - Socal essonabty & Human hes Mo 7 = Sezahebe ovation Total eamanis By Nato Uae Da equipment among others 12 brcleloun of invests by Mace Objectives
Slide 37: Debt maturity profile and rating
5.9 DEBT MATURITY PROFILE AND RATING 5.9.1 BRASKEM (ex-BRASKEM IDESA) On June 30, 2022, the average debt term was around 14.1 years, with 53% of maturities concentrated after 2030. The weighted average cost of the Company’s debt was exchange variation plus 5.3%. In June, Braskem concluded the 16 th
Slide 38: Liquidity position
The liquidity position of US$1.9 billion is sufficient to cover the payment of all liabilities coming due in the next 66 months and it does not consider the international stand-by credit facility of US$1.0 billion available through 2026. Compared to 1Q22, in line with its cash and debt management st
Slide 39: Debt Profile
Debt Profile (USS million) 06/30/2022 4,000 25% Gesd ‘6/30/2022 2022 2024 2026 2027 2030/2031 2032 onwards ash Wi trwested in RS HBL Iovestd in US$. [NE LocelCurency Il Foreign Currency Ml Standby (2) Daze not conse the aout Rg. bon destred to the Francs Compeaton nd Roan Suportrogam in Alagoas end
Slide 40: Braskem Idesa
5.9.2 BRASKEM IDESA On June 30, 2022, the average debt term was around 8.3 years, with 94% of maturities concentrated after 2029. Braskem Idesa’s average weighted cost of debt was exchange variation plus 7.2%.
Slide 41: Braskem Idesa debt and profile
mar/22 Gross Debt 2,184 2,210 2,229 1% 2% RS = : = Ta. 7a. inus$ 2,184 2,210 2,229 1% 2% (© Cash and Cash Equivalents 405, 394 196 3% 107% nes = 7 z na. 7a. ust 405 394 196 3% 107% (=) Net Debt 1,779 1,816 2,033 2% 12% TRS = 5 z na. na. inus$ 1,779 1,816 2,033 2% 12% Recurring EBITDA (LTM) 579 681 4
Slide 42: Circular products and eco-indicators
§ Brazil: increased in relation to 1Q22 (+73%) and 2Q21 (+273%), driven by stronger demand for resins with recycled content. For chemicals [27] , sales remained in line with 1Q22 (+1%). Compared to 2Q21 (+577%), sales of circular chemicals rose due to the higher availability of product for sale. § U
Slide 43: Corporate debt securities performance
7.2 CORPORATE DEBT SECURITIES PERFORMANCE
Slide 44: Bond yields and prices
Braskem '24 - yiekd Braskem '24 - price Braskem '28 - yield Braskem '28 - price Braskem '30 - yield Braskem '30 - price Braskem ‘41 - yield Braskem ‘41 - price Braskem '50 - yield Braskem ‘50 - price Braskem Hibrido - yield Braskem Hibrido - price US Treasury 2y % US Treasury 10y % - 3.02% US Treasu
Slide 45: Annex II: Consolidated Recurring EBITDA Calculation
ANNEX II Consolidated Recurring EBITDA Calculation
Slide 46: Consolidated Recurring EBITDA calculation
m2 12 amge |= huge 1H22 121 Gage (CONSOLIDATED (ye) ai) (0) )_(ovite) Net Profit (L463) 39477562 ngs ABS 8976-7586 Thome Tax/ Social Conabuton (om 253 nnn Franca (0 a Depredaton, amortization aed deletion iiis ols 2s 226 Gost oe 73S SSIS is 5 ae ae a a a Basic EBITDA 7M 478095585 2% Fae 75801763736
Slide 47: Indicators and company valuation
Indicators 1922 2921 hg. Chg. US$ m (5) © (Ai) (ANC) Recurring EBITDA 1776 13% “55% EBITDA Margin? 36% = 3 pp. -20p2. ‘SGBA/Net Revenue (9%) % Opp. Ippo. ‘Adjusted Net Debt ‘Adjusted Net Debl/Recuring EBITDA (LTM)> Recurring EBITDA (LTM)/Interest Paid (LTM) ‘Company Valuation ‘Share Price (Final) ‘S
Slide 48: Consolidated balance sheet
jun/22 mar/22__ Change ASSETS (RS milion) (} @) ite) Current, 39,893 39,758 __ 096 (Cash and Cash Equals 3523 104s 686 Marketable Securtes/Held for Trading 3825 2078 849% ‘Accounts Receivable 724 723% 2% Inventories 7.023 16999 O86 Recoverable Tes 546 970-449 Prepaid expenses 759 1082 27% Derivative
Slide 49: Cash flow statement
Change Change 1H22 0 1H21 2Q22 1922 Qa ange @_@) 9 ae) K_0)__©)_ OV) raft (Loss) Before Income Tax and Social Contribution (738) 501810021 nama 3,280 13,297 -75% ‘Adj fr Rest Rstterert Dezredaton and Amortization 146 1010 9230 28S uty Result (io) G7) aoe a8 GN) G) 78% Interest Monetary and EichangeV
Slide 50: Annex VII: Braskem Idesa Balance Sheet
ANNEX VII Braskem Idesa Balance Sheet
Slide 51: Braskem Idesa balance sheet
ASSETS (R$ million) jun/22 mar/22 Change “ ©) ite) Current 4312 3,966 9% ‘cash and Cash Equvvalents 2,120 1887 14% Accounts Receivable 954 11080 “2% eee 4,018 856 19% ecoverable Taxes 30 29 179% Other 12 13 2 ion Current 1607744570 0% Tae Rees 282 Fn 21% Defered Income Tax and Social Contribution 1,
Slide 52: Forward-looking statements
This report on Form 6-K may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are statements that are not historical facts, and are based on our management’s current view and estimates of future economic and other circumst