Slide 1: Meeting with Investors — 2015 Results
Meeting with Investors — 2015 Results $80 Paulo, March 01, 2016 - mee lee) coe Braskem 1GC SITAG —===ISE
Slide 2: Disclaimer on forward-looking statements
Disclaimer on forward-looking statements This presentation includes 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,”
Slide 3: Agenda
Agenda BASIC PETROCHEMICALS POLYOLEFINS AND VINYLS UNITED STATES AND EUROPE MEXICO PROJECT FINANCIAL HIGHLIGHTS GLOBAL SCENARIO AND PETROCHEMICAL INDUSTRY PRIORITIES
Slide 4: Basic Petrochemicals
BASIC PETROCHEMICALS
Slide 5: Basic Petrochemicals Unit
Basic Petrochemicals Unit 4 Petrochemical Complexes: Bahia, Rio Grande do Sul, Rio de Janeiro and So Paulo Total petrochemical production capacity of approx. 9.5 million? ton/year Total Net Revenue in 2015: R$14.5 billion, 31% of Braskem’s Consolidated Net Revenue Direct Team Members: 2.300 @2OnH®@
Slide 6: Commercial Profile - Value Chain
Commercial Profile - Value Chain Braskem 1% of Basic Petrochemicals Unit Revenue Ethylene Propylene 2nd Generation (PE, PP, Pvc) Basic Petrochemicals Ethylene MEG/EO/Styrene Propylene Butadiene PBR/SBR/EPDM Cumene Isoprene SIS/IR Benzene Cumene/Styrene/LAB Paraxylene PTA/PET ETBE/MTBE Fuels [Special
Slide 7: Health, Safety and Environment — HSE (1/2)
Health, Safety and Environment — HSE (1/2)” Recordable and Lost-time Injury Frequency Rate (1.000.000 mhw) r CAI a 1.16 1.04 1.04 400 | ; L } 2011 2012 2013 2014 2015 The recordable and lost-time injury frequency rate, considering Team Members and Partners per million hours worked, was 0.68, which i
Slide 8: Health, Safety and Environment — HSE (2/2)
Health, Safety and Environment — HSE (2/2)” Energy Consumption ‘Water Consumption (Gi/ton) (ee /ton) ro 2013208 sod waste Generation Mastvate Generation 267 228220 ott S- + HEHE i _ se Se a es se a ae Best historical results in all eco-efficiency indicators; The Aquapolo project enabled the reuse of
Slide 9: Operational highlights
Operational highlights Braskem Production Volume(*) and Ethylene Capacity Utilization Rate?) son 90% = ee ee ° 7,950 8,150 8,360 8,190 8450 a i g aan aoe7 BM 4252 nou m0 OMS (© cjieneutirton Rate BL jane Ml Man Be Ptechemile (2) tourna tone {2} Goer no canader Gren Etyene Average cracker utilization
Slide 10: Exports Volume
Exports Volume Main Basic Petrochemicals Exports (thousand tons) The company presented 253% 7 record of main basic 1370 1,441 1477 petrochemical exports, with the exports as alternative to 419 the domestic market's 964 retraction; Braskem's comercial structure overseas, developed in the last few yea
Slide 11: 2015 Highlights
2015 Highlights (A) Raw Materials: + In December, Braskem signed a new petrochemical naphtha supply agreement with Petrobras, valid for five years; = Even though the new contract does not fully reflect the necessary conditions to guarantee the competitiveness of the chemical and petrochemical indust
Slide 12: Polyolefins and Vinyls
Braskem POLYOLEFINS and VINYLS
Slide 13: Polyolefins and Vinyls Unit
Polyolefins and Vinyls Unit Industrial Plants : Alagoas, Bahia, Rio Grande do Sul, Rio de Janeiro and Sao Paulo ‘Total production capacity of 5.7 million tons of, resins per year Total net revenue in 2015: R$22.8 billion, 48% of Braskem’s Consolidated Net Revenue Direct Team Members: 2,833 »2pC > Gh
Slide 14: Production Volume and Utilization Rates
Production Volume and Uti ization Rates Polyethylene Polypropylene* Pvc Total Resi 2018 2015 2014 2015 2014 2015 In 2015, Polyolefins production volume reached 4.2 million tons, up 4% from 2014, supported by high utilization rates throughout the year and the Company's capacity to export volumes not
Slide 15: Brazilian resins market and Braskem's sales
Brazilian resins market and Braskem’s sales Brazilian Resins Demand (thousand tons) Braskem’s Sales Profile in 2015 5,385, ze + z 5331 awe 2013 2014 2015 Braskem’s Sales (thousand tons) 3,671 3,570 3,362 The slowdown of important sectors of the Brazilian economy negatively impacted resins consumptio
Slide 16: International Market Dynamics
International Market Dynamics Polyolefins Exports (thousand tons) PVC Exports (thousand tons) 4308 4.277 as 6s 78 ° a ° ° ou 2012, 2013, 201d 205 20112012, 2013, 20142015 Mi BPE Mv In 2015, the Company showed its capacity to export volumes not absorbed by the domestic market; Polyolefins (PE + PP) e
Slide 17: PICPlast Program
PICPlast Program PICPLAST ® ‘Aiming to strengthen the plastic chai Brazilian Plastics Industry Association (Abiplast) created The Plastics Chain Competitiveness Incentive Program (PICPlast): Exports of => manufactured goods 7 Competitiveness and Innovation Stimulate the sector's competitiveness thro
Slide 18: Innovation & new applications
Innovation & new applications ‘The importance of Braskem's innovation program and its pipeline is demonstrated by the results of new products launches by, for instance, the Polyolefins Unit, where 13% of sales come from products launched in the last three years, In 2045, nine new resin grades were a
Slide 19: United States and Europe
UNITED STATES AND EUROPE
Slide 20: United States and Europe Unit - US Sites
United States and Europe Unit | Bra 5 Sites: Pennsylvania, Virginia and Texas (USA) Innovation and Technology Center in Pittsburgh Total production capacity of 1,465 thousand tons of PP per year Team Members Direct: 649 TaT Center - Pittsburgh
Slide 21: United States and Europe Unit - Europe Sites
Unidade Estados Unidos e Europa 2 Sites: Wesseling and Schkopau (Germany) Schkopau Total production capacity of 545 thousand tons of PP per year Team Members Direct: 165
Slide 22: PP Demand in USA and Europe
PP Demand in USA and Europe PP Demand USAC) PP Demand Western Europe? (thousand tons) (thousand tons) eed 2 775 ——— ar 2015 2011 2012 «2013201 2015 * In 2015, economic growth in USA and Europe with high petrochemical margins boosted Braskem industrial units’ results; * In the year, PP — Propylene sp
Slide 23: PP in the USA
PP in the USA Industry data shows the utilization rate of naphtha-based PP getting closer to the limit Naphtha-based PP Supply & Demand and Utilization Rate 30,000 im 7200 84% 84% 2008 2009 2010 2011 2012 2013 2014 2015 In billion of pounds Oe Ustizatonsate Ml Nominal Capacty ‘Source: ACE (2006-2015
Slide 24: PP in the USA
PP in the USA Largest PP producers in the United States PP Prices, Propylene and Spreads in US$ Pt rapetersy 1,700 1,763 NN um 175 185 Braskem LyondellBasell Total PC ExxonMobil FPC USA 2012 2013, 2014 2015 — Pe — Propylene Ml Spread Source: 1H 2"
Slide 25: Operational highlights
Operational highlights Braskem Production Volume (thousand tons) and Utilization Rate (‘%) 98% 89% 91% 92% ° ° 2 - 1,967 4757 1,786 1,856 l 201 2013 2o14 2015 © Ustzaton Rate I Production Volume PP Sales Volume (thousand tons) 1973 2012 2013 2014 2015 * All-time high volume of PP production in 2015.
Slide 26: Investments and Projects
Investments and Projects Investments (USS milion) 47 216 Propane Dehydrogenation Plant (PDH): = Startup in 1917 = Supply of around 750 thousand tons per year of propylene by Enterprise Products for Braskem's 3 PP plants in the Gulf Coast in the US (USGC). * Contract of approx. 15 years is based on t
Slide 27: Mexico Project
Braskem MEXICO PROJECT
Slide 28: Mexico Project
Mexico Project First greenfield project in North America after shale gas Highlights 2015, The petrochemical complex in Mexico, which is operated by the subsidiary Braskem —Idesa, reached 99% completion. The utilities facility is already operational; The main and accessory feedstocks have already bee
Slide 29: Mexico Project
Mexico Project Priority is supplying the Mexican PE market, The surplus can be exported very competitively which has a deficit of around 70% its taking advantage of Braskem’s comercial demand presence around the world. 201420152016. 2017-2018. ® Demand Ml Brskemidesa Ml Current Capacity Source: 1H 2
Slide 30: Project's Competitiveness
Project’s Competitiveness Ethylene Cash Cost Global Curve Cash Margin Naphtha-based PE vs. Ethane-based PE World Indicative Ethylene Cash Costs Polyethylene Integrated Cash Margins 500 Dollar per Matic Ton 3 Ethane Ethane coca Low Gost Naphiha 8 $ kal us | Us | ran] KSA Weur KSA| US )WEUWEU! Asia |
Slide 31: Construction's Magnitude
Construction’s Magnitude ( 38,200 t ) Equipament 2 - 33 times the weight of hh Christ the Redeemer iy 132,800 m? Concrete SA x 1.6 Maracana 29,700t Metal structure ie 40.3km )/ 24,300t Underground pipeline Site pipelines a x 13 yi) £D =~
Slide 32: Financial Highlights
Braskem FINANCIAL HIGHLIGHTS
Slide 33: Braskem in 2015
Braskem in 2015 RS milion USS milion —& —& y v 228 sz29 1654s ois 21s 2oit -—&® -—@ + asm 2st Leverage* (Net 2a Debt/EBITDA) of 1.94% in uss 204 201s roe Consolidated a cd Operating Cash Generation of aos. nat a iz Does nat inde Meee Projecs tani sructre 20 2018
Slide 34: EBITDA 2015 vs 2014
EBITDA 2015 vs 2014 EBITDA reached R$9,372 milion, 67% higher than 2014. Highlights: > the unit's excelent performance; ‘+ healthy resins’ spreads in the international market; *+ higher exports volume. + braalian reals average depreciation of 42%; 224 Est 5408 120 L | EBITDA Extraordinary Adjusted E
Slide 35: Rating
Rating Corporate Credit Risk Agency Perspective Date Global Scale SSP BBB Negative 12/04/2015 Fitch BBB Negative 12/16/2015 Moody's Bat Negative 02/25/2016 + Braskem is rated investment grade according to S&P and Fitch. + In Feb/2016, Moody's downgraded Brazil's risk in 2 notches, which resulted in
Slide 36: Amortization schedule and debt profile
Amortization schedule and debt profile wor Debt Profile) (Rs milion) 32/31/2015 pss 20) a A Sand yf $720 inna 5540 ton (ecco een + Cash and cash equivalents cover the payment of obligations maturing over the next 39 months (45 months if we consider the Stand Bys); ‘+ 659% of the cash and cash equiva
Slide 37: Capex
Capex (*) Investments (R$ million) ani 2376 ross fee 1274 2o1se 2015 ‘operational wm strategie Projects Mexico + In 2015, Braskem invested R$2,376 million, The R§242 milion variation in comparison to the initial projection of R$2,135 million is explained, in part, by the FX effect in the invested am
Slide 38: Value Creation Drivers
Braskem VALUE CREATION DRIVERS
Slide 39: Strategy - Growth Drivers
Strategy - Growth Drivers Potential of Value Creation: Americas axis Main Drivers + Access to competitive feedstock; ‘+ Supply the regional market; Geographical Diversification; International Expansion ‘+ Growth opportunities in PP in the US. ‘Add value to the existing streams; Promote the plastic c
Slide 40: Global Scenario and Petrochemical Industry
Braskem GLOBAL SCENARIO AND PETROCHEMICAL INDUSTRY
Slide 41: Cenario Global
Cenario Global Eurozone + GDP growth of 1.59%; C usa "Inflation well below ECB. goal (2% + Expected GDP growth for 2018 of 2.69/;, + Brexit: Possible exit of United 5 Felton Seacve has relecliboreet eee Kingdom from the European Union; 0.25 pip., which are now in the 0.25%-0,50% + Refugee crisis J.
Slide 42: Spreads
Spreads Braskem Basic Petrochemicals Spreads 1513 ao 15011450 sa 987908 gy 23 8 ® =e 2 2022015 Ie Smads —teresevecamiae tanith Resins Spreads “” a a oat = m2 2013 wis 2016e Seats tans tnt (2) Bel ease 5956 PEUBA, 3496 PP ASD, 12% PVC Asa PP USA Spreads Naphtha-based Petrochemical Industry + Positive
Slide 43: Priorities
PRIORITIES
Slide 44: Braskem Priorities 2016
Braskem Priorities 2016 Brask Brazil: To ensure operating efficiency to supply domestic demand and export surplus volume, ‘= To implement a maintenance stoppage in one of the cracker lines in Bahia in the fourth quarter of 2016. + To evaluate opportunities for feedstock diversification. + To defend
Slide 45: Signatures
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Date: March 4, 2016 BRASKEM S.A. By: /s/ Mário Augusto da Silva Name: Mário Augusto da Silva Title: Chi