Slide 1: 3Q21 Earnings Release
3Q21 Earnings Release Braskem *
Slide 2: 3Q21 highlights: recurring operating result, net income, cash flow, leverage
§ In 3Q21, the Company’s recurring Operating Result was US$1,469 million, 17% lower than 2Q21, mainly due to: (i) lower spreads for resins in Brazil, PP in Europe and PE in Mexico, but above the historical average of the past ten years 1 ; and (ii) higher PP sales volume in the United States and Eur
Slide 3: Petrochemical spreads: PE, PP, PVC, main chemicals
§ PE Spread 10 : decrease compared to 2Q21 (-7%). The U.S. PE price was stable in relation to 2Q21, supported by healthy demand and logistics constraints in the supply chain. The naphtha price increased, following the higher oil price in the international market in the period, reflecting the scenari
Slide 4: Average utilization rate of petrochemical crackers
b) Average utilization rate of petrochemical crackers: increase in relation to 2Q21 (+3 p.p.), due to the restarting of operations after the scheduled general maintenance turnaround at the petrochemical complex in ABC, São Paulo. In relation to 3Q20, the rate declined (-7 p.p.), mainly explained by
Slide 5: Resins sales volume
c) Resins sales volume: in the Brazilian market, sales volume increased in relation to 2Q21 (+11%), explained by (i) the higher availability of PE, after the conclusion of the scheduled general maintenance turnaround at the petrochemical complex in ABC, São Paulo; and (ii) market share gains, in lin
Slide 6: Main chemicals sales volume
d) Main chemicals sales volume: in the Brazilian market, sales volume increased in relation to 2Q21 (+8%), due to the higher product availability. Compared to 3Q20, the sales volume increased (+2%), reflecting the strong demand for gasoline and cumene, which was partially offset by the lower sales o
Slide 7: Situation in Alagoas
2.1.3 SITUATION IN ALAGOAS a) Operational Average PVC utilization rate: considering the plants in Alagoas and Bahia, the capacity utilization rate stood at 49%, a decrease compared to 2Q21 (-22 p.p.), mainly due to the scheduled maintenance shutdowns at PVC plants in both states. PVC sales volume: P
Slide 8: Alagoas provision action fronts
The amounts included in the provision can be divided into the following action fronts: a. Support for relocating and compensating the residents, merchants and owners of the properties located in the Civil Defense Map updated in December 2020, including establishments that require special measures fo
Slide 9: Brazil financial overview
3921 2921 3920 hg. Chg. oma 20 Chg. inane @ ® © we) aye) (0) © OE het Revenue 3,432 3,137 ——-2,070 66% = 9,344.5 402 cogs: (2,538) (1,968) (1,564) 29% 62% (6,340) (4,604) 38% Gross Profit 895 1,168 506 -23% 77% 3,004 888 238% Gross Margin 26% 37% 24% -11pp. 2pp. 32% 16% 16pp. SGRA (85) (67) (70) 27%
Slide 10: Braskem sales by economic activity
Braskem Sales by Economic Activity| PE Braskom Sales by Economic Actvity| PP ; . | 3920 2924 3920 2921 3921 i Food Bl Various Sectors i industrial HL Cosmeticand Pharmaceut Wi eral Business 9) Infrastructure Ml others WW construction Wi consumer goods Ml thers ! TB Food I Cosmeticand Pharmaceutical
Slide 11: Sales volume per region
‘Sales Volume per Region (%) 3Q20 2924 3Q21 Mi brazil Asia and Oceania (ex-China) ll Others Mi Mercosur Mil China [Europe Il North America
Slide 12: SG&A expenses and recurring operating result
C) SG&A EXPENSES: in U.S. dollar, increased in relation to 2Q21 (+27%) and 3Q20 (+22%), basically due to the increase in expenses with third parties, IT and logistics services. D) RECURRING OPERATING RESULT: corresponded to 55% of the Company’s consolidated recurring Operating Result.
Slide 13: U.S. PP spread
§ U.S. PP Spread 14 : increased compared to 2Q21 (+9%). The PP price in the United States increased, mainly due to: (i) the continued healthy demand, reflecting the continuous expansion in the country's manufacturing sector; and (ii) the limited supply due to several unscheduled shutdowns at produce
Slide 14: Average utilization rate of PP plants
b) Average utilization rate of PP plants 17 : in the United States, it decreased in relation to 2Q21 (-4 p.p.) and 3Q20 (-5 p.p.), due to small unscheduled shutdowns at PP plants in the period but it remained above the industry average. In Europe, the utilization rate decreased in relation to 2Q21 (
Slide 15: PP sales volume
c) PP sales volume 18 : in the United States, PP sales volume decreased in relation to 2Q21 (-2%), reflecting the lower product availability. Compared to 3Q20, the 9% increase is mainly explained by the ramp-up of the new PP plant (Delta), with commercial production beginning in September 2020. In E
Slide 16: Braskem sales volume US & Europe
Braskem Sales Volume (kton) | US & Europe i 49%” + 406
Slide 17: Net revenue and cost of goods sold
A) NET REVENUE: increase in Brazilian real (+11%) and U.S. dollar (+12%) compared to 2Q21, explained by the higher PP price in the United States. In relation to 3Q20, net revenue increase in Brazilian real (+135%) and U.S. dollar (+142%), explained by the higher PP price in the United States and Eur
Slide 18: SG&A expenses; Mexico petrochemical spreads
C) SG&A EXPENSES: in U.S. dollar, the 17% increase in relation to 2Q21 is explained by higher costs with industrial and facilities maintenance services and with logistics services. Compared to 3Q20, the increase (+36%) is explained by the higher costs with industrial and facilities maintenance servi
Slide 19: Average utilization rate of PE plants
b) Average utilization rate of PE plants: increased 10 p.p. compared to 2Q21, basically explained by higher ethane imports from the United States under the Fast Track solution, which offset the lower ethane supply from Pemex. Compared to 3Q20, the rate declined 16 p.p., mainly due to the lower volum
Slide 20: PE sales volume
c) PE sales volume: increased 3% compared to 2Q21, due to the higher product availability for sale, reflecting the higher utilization rate in the quarter supported by higher ethane imports. In relation to 3Q20, the 29% decrease is explained by the higher product availability for sale compared to the
Slide 21: Braskem sales volume Mexico
Braskem Sales Volume (kton) | Mexico
Slide 22: Net revenue Mexico
A) NET REVENUE: increases in Brazilian real (+1%) and U.S. dollar (+3%) compared to 2Q21, due to the higher PE price in the international market and the higher sales volume in the period. Compared to 3Q20, the increase in Brazilian real (+58%) and U.S. dollar (+62%) is explained by the higher PE pri
Slide 23: Sales by economic activity Mexico
Braskem Sales by Economic Acti 2 a 3920 2921 3Q21 ity| Mexico I bags & Films HB industrial I Construction & Infrastructure Ill Others I Packaging Hi chemicals Hygiene and Cleaning
Slide 24: Cost of goods sold Mexico
B) COST OF GOODS SOLD (COGS) 20 : increase in Brazilian real (+21%) and U.S. dollar (+22%) compared to 2Q21, due to the higher sales volume and the higher ethane price in the international market. Compared to 3Q20, the increase in Brazilian real (+11%) and U.S. dollar (+14%) is explained by the high
Slide 25: SG&A expenses and recurring operating result Mexico
C) SG&A EXPENSES: in U.S. dollar, remained in line with 2Q21. Compared to 3Q20, the increase (+4%) was due to the higher expenses with third parties and with studies for the construction of a new ethane import terminal. D) RECURRING OPERATING RESULT: corresponded to 11% of the Company’s consolidated
Slide 26: Income statement
Tncome Statement 3021 2921 3020 Che omz1 ‘9m20 R$ milion @) ©) () AE) ANC) ©) © (oy/(e) Gross Revenue 32,879 30,488, 8% 73% 89,990 47,281 90% Net Revenue 28,299 26,421 15,992 7% 77% 77,413 39,805 94% ‘Cost of Good Sold (19,995) (16,609) (12,427) 20% 61% — (52,058) (33,533) 55% Gross Profit 8305 9,81
Slide 27: Consolidated net revenue
Net Revenue (R$ million) | Consolidated: 28,299 26,421 15,992 3Q20 2921 3Q21 MB Brazil MH USA and Europe Hl Exports? lll Mexico "Does not consider feedstock rasala and others 2Considers only exports from Brazil
Slide 28: Other revenue (expense), net
C) OTHER REVENUE (EXPENSE), NET The Company recorded in 3Q21 a net expense of R$519 million, mainly due to: (i) the accounting provision of R$142 million for expenses associated with the geological event in Alagoas for updating the amounts allocated to stabilizing wells and to the Financial Compensa
Slide 29: Other revenue (expense), net table
(OTHER REVENUE (EXPENSE), NET* 3021-2021. 3020 Cha. om2i 920 Chg. R$ milion @) (} © aye) (ayo) ___ (0) (GEOG) ‘Other Revenues PIS and COFINS credits — exclusion of ICMS from the calculation be z 473 190 -100% 100% 1,031 200 416% Fines, mprisionments and indemnities, 2 0 121 10236% 90% 34 283 -88% Ta
Slide 30: Net financial result: Braskem ex-Braskem Idesa
E) NET FINANCIAL RESULT BRASKEM (ex-BRASKEM IDESA)
Slide 31: Financial expenses
Financial expenses: decreased in relation to 2Q21 (-13%), explained by the decline in amortization transaction costs associated with the prepayments made in the period, which were higher in the previous quarter, and by the lower expenses with derivatives. In relation to 3Q20, the increase (+5%) is e
Slide 32: Zero-cost collar hedge schedule
cook eed eee esi (8 maton) Zero-Cost Collar 451 6.05 1,946 Zero-Cost Collar 4.61 6.27 1,745, Zero-Cost Collar 4.74 6.88 1,289 Zero-Cost Collar 472 6.97 1,169 Zero-Cost Collar 472 7.15 1,132 Zero-Cost Collar 4.80 7.40 908 Zero-Cost Collar 4.80 751 562 Zero-Cost Collar 4.90 7.58 348 Total 4.68 671 9,0
Slide 33: Net financial result: Braskem Idesa
Financial expenses: remained stable in relation to 2Q21, reflecting the lower expenses with derivatives related to the interest rate swap operations in connection with the Project Finance, which was offset by the higher interest related to the Project Finance and to the bond issue carried out by Bra
Slide 34: Liquidity & capital resources
G) LIQUIDITY & CAPITAL RESOURCES BRASKEM (ex-BRASKEM IDESA)
Slide 35: Liquidity position
The liquidity position of US$3,237 million is sufficient to cover the payment of all liabilities coming due in the next 75 months, considering the international rotating credit facility of US$1 billion available through 2023.
Slide 36: Braskem Idesa debt profile
BRASKEM IDESA On September 30, 2021, the average debt term was around 5 years, with 41% of maturities concentrated after 2029. The weighted average cost of the Company’s debt was exchange variation plus 5.4%.
Slide 37: Braskem Idesa debt table
Braskem Idesa Debt sep/21 sep/20 Chg. US$ million (A, Cc ONE Gross Debt 2,179 2,457 11%. in R$ 5 = z na. in US$ 2,179 2,229 2,457 -11% (Q) Cash and Cash Equivalents 302 196 190 59% in R$ - - - na. in US$ 302 196 190 59% (=) Net Debt 1,877 2,033 2,267 17% in R$ " & = na. in US$ 1,877 2,033 2,267 “17%
Slide 38: Braskem Idesa debt refinancing
In October, Braskem Idesa concluded its debt refinancing plan, which involved substituting the remaining balance of US$1.35 billion of the Project Finance with new debt, namely: (i) the bond issue in the amount of US$1.2 billion; and (ii) term loan in the amount of US$150 million. The new funding op
Slide 39: Investments & value creation
H) INVESTMENTS & VALUE CREATION The Company’s investment plans for 2021 are as follows: (i) US$667 million for operating investments; (ii) US$97 million for strategic investments; and (iii) US$34 million for operating investments at Braskem Idesa. Operating Investments 3Q21: the main operating inves
Slide 40: Transform for Value program
VALUE CREATION Transform For Value Program The Transform for Value (TFV) program ended the first half of 2021 with projects on pace to capturing recurring annual savings of US$147 million. Over the course of the third quarter (3Q21), leveraged by continued progress on implementing the initiatives ma
Slide 41: Recycled resin sales by region
§ Brazil: increase in sales of recycled resins compared to 2Q21 (+96%) and 3Q20 (+655%), mainly due to the higher number of clients and advances in expanding the portfolio of resins with recycled content. In the case of chemicals 27 , sales increased in relation to 2Q21 (+11%) and 3Q20 (+13%), due t
Slide 42: Sales volume by region
Wa: Mi brazil MB Europe Hl North America i south america Sales Volume by Region (%)
Slide 43: Social responsibility & human rights
4.6 SOCIAL RESPONSIBILITY & HUMAN RIGHTS
Slide 44: Stock performance
‘Stock Performance Dec Jan Feb Mar ‘Apr May June July Aug Sep — IB0V — BRKMS —= BRKM3 —= BAK Source: Bloomberg
Slide 45: Free float and shareholding composition
Free Float distribution in Shareholding composition in 09/30/2021 09/30/2021 (B3 + NYSE) Hl Brazilins Individuals ME Novonor [ll Others Ml Tresury Hl Foreigners Hl Legal Entities I Petrobras [lJ ADRs
Slide 46: Credit ratings update
In September, the risk rating agency S&P Global Ratings (S&P) upgraded the Company’s risk rating on the global scale to BBB-, with a stable outlook. The agency highlighted that the investment upgrade reflects the significant improvements in profitability and cash generation indicators, Braskem’s com
Slide 47: Indicators
Indicators 3Q21 2921 3Q20 Chg. Chg. US$ million (A) (B) (c) (A)/(B) (A)/(C) Recurring Operating Resutt 1,469 1,776 681 -17% 116% Operating Margin? ae 36% 23% 8pp. 4pp. SG&A/Net Revenue (%) 4% 6% Opp. 2p, Adjusted Net Debt 4,306 4,835 6,153 -11% 30% Adjusted Net Debt/Recuring Operating Result (LTM) 0
Slide 48: Annex II: Consolidated recurring operating result calculation
ANNEX II Consolidated Recurring Operating Result Calculation
Slide 49: Recurring operating result statement
Recurring Operating Result Statement (R§ millon) 321 2021 3Q20 Change Change |= M21. M20. Change ‘CONSOLIDATED. (a) 8) (ANB) AO (0) (OREOUE) ‘Net Profit 3518 7,562 (1,337) -53% na. 13,493 (3,038) na. Income Tax / Social Contribution (102) 2458 (4,078) na, “81% 3.219 (2,883) ng. Financial Result 3,10
Slide 50: Consolidated balance sheet
jun/21— Change @)__ (aye) ASSETS (R$ million) Current. (Cash and Cash Equivalents Marketable Securtties/Held for Trading ‘Accounts Receivable Inventories, Recoverable Taxes Prepaid expenses Dividends and Interest on Equity Prepaid expenses Derivatives Other Assets ‘Non Current 51315 ‘Marketable Secu
Slide 51: Cash flow statement
3@21 2921-320 Change Change 9M21 = -9M20 Change (a) (8) iC (A)/(B)_(AY/(C) _(D) © ow Profit (Loss) Before Income Tax and Social Contribution 3416 10,021 (2416) -66% na. 16713 (11,713) “Adjust for Resut Restatement Depreciation and Amortization 959923 1,059 4% 0862813 -3,002 0% Equity Result 4 @) Q n
Slide 52: Annex VI: Braskem Idesa balance sheet
ANNEX VI Braskem Idesa Balance Sheet
Slide 53: Braskem Idesa balance sheet
sep/2ijun/21_—— change (a) ©) (aye) ASSETS (R$ million) Current 3,454 2,626 32% Cash and Cash Equivalents 1644 979 68% Accounts Recelvable 4a 1,007 10% Inventories 664 351 20% Recoverable Taxes 6) (60) 1% other 97 149 35% Non Current 16,778 16,025 5% Taxes Recoverable 251 226 11% Deferred Income Tax
Slide 54: 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