Slide 1: Earnings Release 2Q24
Slide 2: Recurring EBITDA, cash position and operations highlights
@) Recurring EBITDA © Cash position US$320 million 1024 (+39%) and US$2.8 billion —_«ebt maturitiesover ‘Around R$1,667million 2023 (+128%) the next 5 years Higher than in 1024 Best Sales US$69 million (+ US$170 MM) and 233kton performance since ‘Around R$357 million 2023 (+ US$82 MM) +12% vs. 1024
Slide 3: Operating and financial summary table
Se 2924 1924 2Q23 Chg. Chg. 1H24 1H23 Chg. Has. Osta ee ee a) (e) © Ae) wyi(c) (0) ©) (OG) Broil Utilization Rate Ethylene (%) 71% 74% 72% -3 pp. -1p.p. 72% 75% -2 pp. Sales Volume of Main Chemicals (kton) 627 663 606 5% 3% 1,290 1,300 -1% Sales Volume of Main Chemicals Exports (kton) 7 74 106 4% -3
Slide 4: Price and spread references
1924 2023 Cha. Chg. 1H24—«1H23.— Chg. (B) i@} (A)/(B)__(A)(C) (D) (e) (D)/(E) Brent (US$/bb)) 85 83 8 2% 8% 84 80 5% Natural Gas (US¢/MMBtu) 17i 2432 20% 21% 2 2 20% Naphtha on 671 605 0% = 11% ot 650 2% Ethane 143 13 156 0% 9% 143 wi -17% Propane 31439350 11% «= 12% 4189 7% Resins () 95 967932 3% T
Slide 5: 5.1.1 Operational Overview
5.1.1 OPERATIONAL OVERVIEW a) Demand for resins in Brazil (PE, PP, and PVC): increased (+2%) compared to 1Q24, mainly explained by (i) higher demand for PE, mainly driven by the food and packaging sector; and (ii) the higher demand for PP driven by the appliances, hygiene, automotive and agricultura
Slide 6: Average utilization rate of petrochemical crackers
b) Average utilization rate of petrochemical crackers: lower compared to 1Q24 (-3 p.p.) and 2Q23 (-1 p.p.), explained by the shutdown of operations at the Triunfo Petrochemical Complex in Rio Grande do Sul due to the extreme weather event that affected the state in May, partially offset by the incre
Slide 7: Resin sales volume
c) Resin sales volume: in the Brazilian market, there was a reduction compared to 1Q24 (-2%), mainly due to the shutdown of operations at the Triunfo Petrochemical Complex in Rio Grande do Sul, partially offset by the allocation of resins produced at the plants in Bahia and São Paulo. Compared to 2Q
Slide 8: Resin exports
Exports were lower (-10%) compared to 1Q24, mainly due to the prioritization of serving the Brazilian market. Compared to 2Q23, the increase (+2%) is explained primarily by greater opportunities in South America.
Slide 9: Sales Volume of Resins Exports (kton) | Brazil
Sales Volume of Resins Exports (kton) | Brazil 171 174 2923 1924 2924 BB Exports
Slide 10: Main chemicals exports
Exports were lower compared to 1Q24 (-4%) and 2Q23 (-33%), mainly due to the lower availability of products for sale due to the shutdown of operations in Rio Grande do Sul.
Slide 11: Main chemicals definition
1 Main chemicals refer to: ethylene, propylene, butadiene, cumene, gasoline, benzene, toluene and paraxylene due to the representation of these products in the segment’s net revenue.
Slide 12: Alagoas geological event provision
The amounts included in the accounting provision for the geological event in Alagoas, until June 30, 2024, can be segregated into the following fronts of action and their respective net balances of accounting provision: (a) support in the relocation and compensation of residents, R$ 1.2 billion; (b)
Slide 13: Brazil net revenue
A) Net Revenue: decrease in U.S. dollars, compared to 1Q24 (-2%), mainly explained by the shutdown of operations at the petrochemical plant in Rio Grande do Sul, due to the extreme weather event that hit that state, which impacted the sales volume of the quarter in (i) 36 thousand tons, or 5%, in th
Slide 14: Net revenue by region
Wi china I Mercosur (Ml North America ‘MB Europe others Asia and Oceania (ex-China) Uncludes Green PE alee
Slide 15: SG&A expenses
C) SG&A Expenses: reduction in dollars (-27%) compared to 1Q24 and 2Q23, mainly due to lower expenses with third parties and the reversal of the provision for losses in accounts receivable in the quarter. 2 According to the accounting standard on Inventories - CPC 16 (IAS 2), the value of the fixed
Slide 16: Sales volume of Green PE
b) Sales volume of Green PE (I’m green TM biobased): in the quarter, the optimization of Green PE inventory levels materially offset the lower availability of products for sales given the lower utilization rate, resulting in a 3% lower sales volume compared to 1Q24. Compared to 2Q23, the increase (+
Slide 17: Green ethylene utilization rate
3 With the completion of the expansion project of 60 kton of green ethylene capacity at Rio Grande do Sul unit, the utilization rate considers production capacity of: (i) 228 kton per year in 2Q23; and (ii) 260 kton per year in 1Q24 and 2Q24 .
Slide 18: Green PE and ETBE overview
5.1.3.2 OVERVIEW FINANCEIRO A) Green PE and ETBE 4 net revenue: decrease compared to 1Q24 (-3%) mainly due to lower sales volume in the period. Compared to 2Q23, the increase (+10%) is explained by the higher sales volume of green PE, due to the conclusion of the expansion of green ethylene producti
Slide 19: 5.2 United States & Europe
5.2 UNITED STATES & EUROPE Recurring EBITDA was US$46 million (R$ 247 million), 28% lower than in 1Q24 and 108% higher than in 2Q23, representing 14% of the Company's consolidated Recurring EBITDA segments in dollars in the quarter. The reduction compared to 1Q24 is mainly explained by (i) the reduc
Slide 20: 5.2.1 Operational overview: PP demand
5.2.1 OPERATIONAL OVERVIEW a) PP demand: PP demand in North America was higher (+9%) compared to 1Q24, mainly due to the of the destocking process in the chain observed in the previous quarter. Compared to 1Q23, demand in North America was higher (+8%), mainly due to the improvement in the economic
Slide 21: Average utilization rate of PP plants
b) Average utilization rate of PP plants: higher compared to 1Q24 (+2 p.p.) mainly due to the higher production volume in Europe, due to the inventories build-up in anticipation of scheduled shutdowns to occur in the second half of 2024, partially offset by the scheduled maintenance shutdown at one
Slide 22: Utilization Rate (%) | US & Europe
Utilization Rate (%) | US & Europe 2923 1924 2924 Il PP US and Europe
Slide 23: Sales Volume (kton) | US & Europe
Sales Volume (kton) | US & Europe 7% ——_q 4 a 2923 1924 2924 Il PP US and Europe 536 508
Slide 24: US & Europe net revenue and COGS
A) Net Revenue : compared to 1Q24, in line with U.S. dollars (-1%) and an increase in Reais (+4%), mainly due to the depreciation of the average real against the average dollar for the period of approximately 5.3%. Compared to 2Q23, it was higher in dollars (+15%) and in Reais (+21%), mainly explain
Slide 25: SG&A, Recurring EBITDA and 5.3 Mexico
C) SG&A Expenses : In dollars, there was a drop compared to 1Q24 (-26%) and 2Q23 (-22%), mainly due to lower expenses with logistics and storage. D) Recurring EBITDA: In the quarter, it represented 14% of the Company's consolidated Recurring EBITDA segments in U.S. dollars. 5.3 MEXICO Recurring EBIT
Slide 26: Mexico PE plant utilization rate
b) Average utilization rate of PE plants: reduction compared to 1Q24 (-5 p.p.) and 2Q23 (-8 p.p.) mainly due to (i) lower availability of national ethane due to certain constraints in the production process of PEMEX of 26 thousand barrels per day, compared to 30 thousand barrels in 1Q24 and 36 thous
Slide 27: PE sales volume
c) PE sales volume: higher compared to 1Q24 (+12%) and 2Q23 (+9%), mainly explained by (i) higher sales volume for the construction, industrial, and packaging sectors in the period and (ii) inventory optimization in the period.
Slide 28: Sales Volume (kton) | Mexico
Sales Volume (kton) | Mexico 49% 214 2Q23
Slide 29: Mexico net revenue
A) Net Revenue: increase in U.S. dollar (+15%) and reais (+21%) compared to 1Q24, mainly due to (i) the increase of 24 thousand tons, or 12%, in the volume of PE sales in the period; and (ii) the 4% increase in the price of the international PE benchmark in the quarter. In reais, the increase (+3%)
Slide 30: Mexico cost of goods sold
B) Cost of Goods Sold (COGS): increase compared to 1Q24 (+10%) and in reais (+16%), mainly due to the increase of 24 kton, or 12%, in the volume of PE sales in the period. Compared to 2Q24, the increase in dollars (+8%) and reais (+14%) is mainly explained by the increase of 20 kton, or 9%, in the v
Slide 31: Mexico SG&A, EBITDA and investments
C) SG&A Expenses: increase in dollars (+10%) and reais (+15%) compared to 1Q24, mainly due to higher logistics and storage expenses. Compared to 2Q23, the reduction in dollars (-2%) is mainly explained by lower expenses with third parties. In reais, the reduction is explained by the depreciation of
Slide 32: 5.3.3.1 Ethane import terminal
5.3.3.1 ETHANE IMPORT TERMINAL In 2021, Braskem Idesa approved and began the project to build the ethane import terminal in Mexico, with a capacity of up to 80 thousand barrels of ethane per day, which will allow Braskem Idesa to operate at up to 100% of its production capacity. In the same year, a
Slide 33: Includes Value Added Tax (VAT)
Includes Value Added Tax (VAT)
Slide 34: Corporate credit rating - Braskem Idesa
Agency Rating Outlook Date FITCH B+ Negative 12/20/2023 S&P B Negative 07/07/2023 Ratings CORPORATE CREDIT RATING - BRASKEM IDESA 6. CONSOLIDATED FINANCIAL OVERVIEW
Slide 35: Income Statement 2Q24
Tncome Statement 2924 R$ million: (a) Gross Revenue 22,014 Net Revenue 19,075 Cost of Good Sold (17,685) Gross Profit 1,390 ‘Selling and Distribution Expenses (447) (Loss) reversals for impairment of accounts receivable 8 General and Administrative Expenses (587) Expenses with Research and Technolog
Slide 36: Net Revenue (R$ million) | Consolidated
Net Revenue (R$ lion) | Consolidated" 2923 1924 2924 MM Brazil Ml Green PE + ETBE [lll Mexico MM Exports? J USA and Europe *Does not consider feedstock resale and others 2Considers only exports from Brazil
Slide 37: 6.3 Other revenue (expense), net
6.3 OTHER REVENUE (EXPENSE), NET At the end of the quarter, the Company recorded net expenses of R$ 485 million, mainly due to the supplementing the Alagoas provision by R$351 million given the usual updates to cost estimates relating to the implementation and advancement in the maturity of projects
Slide 38: 6.4 Recurring EBITDA
6.4 RECURRING EBITDA 6 Braskem's Recurring EBITDA in 2Q24 was US$320 million (R$ 1.7 billion), 39% higher than in 1Q24, mainly due to (i) the 19% increase in the spread of the main chemicals in the international market in the Brazil/South America segment; (ii) 4% increase in the PE spread in the int
Slide 39: Consolidated result by segment
Braskem’s consolidated result corresponds to the sum of the results in Brazil, United States & Europe and Mexico, less eliminations and reclassifications of purchases and sales among the segments reported by the Company.
Slide 40: Financial result
Financial expenses: the increase compared to 1Q24 (+11%) and 2Q23 (+34%) is mainly explained by (i) the depreciation of the average real against the average dollar in the period of 5.3%; (ii) due to the positive effect on financial expenses in 1Q24 related to tax regularization through the Paulista
Slide 41: 6.6 Net income (loss) and 6.7 Investments
6.6 NET INCOME (LOSS) In the quarter, the Company recorded a net loss of US$708 million, or R$ 3.7 billion, mainly due to the impact of R$ 4.5 billion of negative exchange rate variation on the financial result, which is mainly explained by the effect of the depreciation of the Brazilian real on the
Slide 42: Investments in Macro-Objectives for Sustainable Development
In 2Q24, the main investments related to the Macro-Objectives for Sustainable Development were (i) projects associated with reducing CO 2 e emissions and the energy efficiency of industrial assets; and (ii) projects related to industrial safety.
Slide 43: 6.7.1 Global growth strategy
6.7.1 GLOBAL GROWTH STRATEGY Aligned with the Company's Corporate Growth Strategy, in the quarter, Braskem remained focused on the development of various projects related to its growth avenues, highlighting the following: 1. Traditional Business: a. Ethane Import Terminal Construction in Mexico Cons
Slide 44: 6.9 Debt maturity profile and rating
6.9 DEBT MATURITY PROFILE AND RATING As of June 30, 2024, the balance of gross corporate debt was US$8.4 billion, with 96% of maturities concentrated in the long term and 4% in the short term. Regarding net debt, the balance at the end of June 2024 was US$5.6 billion. Corporate debt in foreign curre
Slide 45: Liquidity of US$2.8 billion
The liquidity level of US$2.8 billion, in June 2024, guarantees the coverage of debt maturities in the next 61 months and does not consider the available international stand-by credit facility in the amount of US$1.0 billion, available until 2026.
Slide 46: Debt Profile (US$ million)
Debt Profile (US$ million) 06/30/2024) ass 13% ur 1% 0 s am bel v m2 oave So 27 90 os/so/aoan oaths satay ams ata=Si8~_«2089 crate Cash WM Totalcash Ml Total debt Ml Principal Ml Interest Ml Sustainability inked loan? Ml Standby + Does not consider the amount of US$35 milion destined to the Financia
Slide 47: Credit ratings and 7.1 Stock performance
Agency Rating Outlook Date FITCH BB+ Negative 06/05/2024 S&P BB+ Stable 02/26/2024 Agency Rating Outlook Date FITCH AAA(bra) Negative 06/05/2024 S&P brAAA Stable 02/26/2024 Ratings CORPORATE CREDIT RATING - GLOBAL SCALE CORPORATE CREDIT RATING - NATIONAL SCALE 7. CAPITAL MARKETS 7.1 STOCK PERFORMANC
Slide 48: Stock Performance
‘Stock Performance 160 120 80 40 Dec Jan Feb Mar Apr May Jun —IBOV — BRKMS —= BRKM3 —= BAK Source: Bloomberg
Slide 49: 7.2 Performance of corporate debt securities
7.2 PERFORMANCE OF CORPORATE DEBT SECURITIES
Slide 50: Corporate debt securities table
Var. Var. Var. Outstanding (A)-(B)__(A)-(C) __(A)- (0) Braskem '28 1,175.0 Jan/28 45% 7.5% 77% 6.6% -3.0% “3.2% -2.1% IBraskem '30 1,500.0 Jan/30 45% 8.0% 75% 7.3% 3.5% -3.0% -2.8% IBraskem '31 850.0 Jan/31 85% 8.1% 7.9% N/A 0.4% 0.6% N/A IBraskem ‘33 1,000.0 Feb/33 7.3% 8.2% 79% 75% -0.9% -0.6% -0.
Slide 51: Resin sales by sector (%) | Mexico segment
Resin sales by sector (%) | Mexico segment
Slide 52: Sales by Economic Activity | Mexico
Sales by Economic Activity | Mexico 5% 12% 2923 1924 2924 HMI bags & Films Wi industrial 1 Packaging i Others Ill Hygiene and Cleaning I chemicals Construction & Infrastructure
Slide 53: Alagoas action fronts
The total amounts recorded from the beginning of actions related the geological event until the period ending June 30, 2024, are segregated into the following action fronts:
Slide 54: Alagoas provision details
a. Support for relocating and compensation: Refers to actions to support for relocating and compensating for the residents, business and real state owners of properties located in the Civil Defense Map (version 4) updated in December 2020, including establishments that requires special measures for
Slide 55: 8.5 Consolidated recurring EBITDA calculation
8.5 CONSOLIDATED RECURRING EBITDA CALCULATION
Slide 56: 8.6 Recurring EBITDA by segment
8.6 RECURRING EBITDA BY SEGMENT
Slide 57: Recurring EBITDA by segment financial overview
Recurring Financial Overview (RS millon) CONSOLIDATED 2974 Net Revenue Gross Profit EBITDA Braz 13,128 (32183) 345 (35) z (354) 142 4212 US. and Europe 5,068 (4,783) 305 (145) 5 (20) 116 247 Mexico 1.368, (1.229) 139 (126) = @) 5 292 ‘Segments Total 13,568 (23,175) 4,389, (s15) E (512) 263, 4,751 ‘O
Slide 58: Key indicators and company valuation
1924 2923 (B) (c) (A)/(B) (A)/(C) Recurring EBITDA 320 230 140 39% 128% EBITDA Margin? 9% 6% 4% 2pp. Spp. SGBA/Net Revenue (%) 6% 7% 6% -1pp. Opp. Adjusted Net Debt 5,685 5,402 4,979 5% 14% ‘Adjusted Net Debt/Recuring EBITDA (LTM)? 6.79x 8.12x 7.90x — -16% “14% Recurring EBITDA (LTM)/Interest Paid (
Slide 59: Consolidated balance sheet
ye Jun/24 Mar/24 Change (a) (B) (a)/(8) Current 37,136 37,453 =1% ‘Cash and Cash Equivalents 14,213 14,215 0% Marketable Securities/Held for Trading 3,116 3,960 “21% ‘Accounts Receivable 3,550 3371 5% Inventories 13,512 13,256 2% Recoverable Taxes 1,335 1,280 4% Prepaid expenses 713 531 34% Derivati
Slide 60: Consolidated Cash Flow
Consolidated Cash Flow 2924 1924-2923 1824 1523 Change R$ million (a) (8) (©) (A) (AIO) (p) (©) _ (@/) Profit (Loss) Before Income Tax and Social Contribution (6,021) (2,071) (4,480) 791% na. (8,092) (4,335) 506% ‘Adjust for Result Restatement Depreciation and Amortization 1,288 1,229 1,304 5% 1% 25
Slide 61: 8.11 Braskem Idesa Balance Sheet
8.11 BRASKEM IDESA BALANCE SHEET
Slide 62: Braskem Idesa balance sheet
Recriaan Jun/24 Mar/24 Change (G9) ()) (A)/(B) Current 3,546 3,862 Cash and Cash Equivalents 4,717 1,784 4% Accounts Receivable 198 225 -12% Inventories 971 1,080 -10% Recoverable Taxes 547 500 9% Other 113 273 ~59% Non Current 18,791 17,247 9% Taxes Recoverable 27 240 13% Deferred Income Tax and So
Slide 63: 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