Braskem S.a. · BMFBOVESPA:BRKM3
Braskem — Non-Deal Roadshow (January 2016)
32 slides from Braskem's roadshow presentation, Jan 12, 2016
Slide 1: Disclaimer and forward-looking statements
Disclaimer and forward-looking statements
Slide 2: Agenda
Agenda BRASKEM GLOBAL SCENARIO 3Q15 RESULTS PRIORITIES
Slide 3: § ~ ra] ig Q
§ ~ ra] ig Q
Slide 4: Braskem
Braskem Braske Leader in thermoplastic resins production in the Americas Leading presence in the Brazilian market: only integrated petrochemical company in 1 and 24 generation Key player of thermoplastic resins (PE+PP+PVC) in South America Largest PP producer in USA Leader in sustainable chemicals (
Slide 5: Braskem
Braskem Con: stent trajectory of organic growth, acquisitions and delivery of results Leadership in Brazil Leadership in the Americas Going Global Capacity (kton/year) Sunoco PP Plants -_ —— SB RDO Dlounrtorn = PUE Expansio > Braskem (Aug, 2002) e 1 i : [- Resins EE ES... 202 2003, 2004 2005 2006 20
Slide 6: Strategy — Growth Drivers
Strategy — Growth Drivers Main Drivers = Access to competitive feedstock; = Supply the regional market; International Expansion = Geographical Diversification. Add value to the existing streams; Promote the plastic chain development; Expansion with future feedstock
Slide 7: Brazilian demand of resins
Brazilian demand of resins Braskem is well positioned to capture the emerging market potential growth Brazilian thermoplastic resins demand growth Per-capita consumption of PE, PP and PVC ka/person cacr: 4.5% -_—— Brazil — ws 54 53 3B 25 25 7 49 49 50 2 n I I [ ] 2009 2010 2011 2012 2013 2014 2009 2
Slide 8: Mexico Project — Ethylene XXI
Mexico Project — Ethylene XXI Braskem First greenfield project to start-up in North America Overview JV between Braskem (75%) and Idesa (25%); Integrated project for the production of 1 Technology: [eerecoa @N t=) Technip million tons of PE. Differentials a a = Long-term contract with PEMEX for a =
Slide 9: Mexico Project — Ethylene XXI
Mexico Project — Ethylene XXI Focus on PE Mexican market (net importer market): ~70 of it needs supplied by imported product PE Demand Differentiated Location (million tons/year) 19 2.0 20 24 1.9 1.9 (@ Petrochemical Complex 2012 2013 2014 2015 2016 2017 mmCurrent Capacity ==ProjectEthylene XXI_ @=®
Slide 10: Cash Margin for a PE player
Cash Margin for a PE player Polyethylene Integrated Cash Margins Ethane Margins Decline, Maintain Strong Advantage Margin, Cents Per Pound Margin, Dollars Per Metric Ton 60 1,323 50 1,102 40 Expected 30 margin of an integrated PE player ethane- based in USA 94 96 98 00 02 04 06 US Ethane to PE Chain
Slide 11: Greenfield project in Mexico
Greenfield project in Mexico Mexico Project: 98% of physical completion as of September 2015 August 2011 April 2014 Industrial Area Unies Cracker Logistic June 2015 October 2015
Slide 12: U.S. assets overview
U.S. assets overview 7H iL Kenova, WV: | (ee Marcus Hook, PA: Neal Unit Marcus Hook Unit b ayy f i 4 Headquarters @ Production facilities @ Technology Center Philadelphia, PA: Headquarter La Porte, TX: iE * Heer Center La Porto Unit eee —s 14
Slide 13: USA and Europe PP demand
USA and Europe PP demand PP demand recovery lead by gradual acceleration of the advanced economies USA demand growth (kton) West Europe demand growth (kton) CAGR: 1.7% -__—=———> __cacr: 0.0% /_-———> 0 000 007508 5658 5,542 5,592 7500 7,391 743 00 I 364 fr 328 1,000 5,00 6500 4500 | 000 | 2009 | 2010
Slide 14: Braskem's feedstock profile
Braskem’s feedstock profile Diversification through competitive raw material Cracker Raw Material Profile Braskem 2014 Braskem 2015e! Long Term - Target OCO™ Raw Material Profile — US and Europe (PP Capacity) USA - PDH 73% 55% USA - PGP/RGP Europe - PGP 2014 2016e 7
Slide 15: Global Scenario
Global Scenario Overview Petrochemical industry Brazil
Slide 16: 2016 Global scenario
2016 Global scenario | | “4 Growth at robust rates: 2015e GDP growth of 2.6%; Fed increased interest rates after nine years; Decrease in unemployment level. Source: IMF July 2015 Euro Zone The economic recovery on track: GDP 2015e + 1.5%; Inflation at low levels; Refugee crisis. 19
Slide 17: Petrochemical scenario
Petrochemical scenario Naphtha Prices and Brent & we 3 Ethylene Capacity Additions ge =: (MM ton) 2 v0 5 En — 3 ‘average Annual so = Demand Growth a 015-2018 Serer ae eee SOM on RERSRERTRERZTRERER nent (9/06) —Nophiha (ten) HDPE Spreads (US$/ton) 900 700 500 — ‘Avg. Last 3 months 300 PPSSPSPIPSE PPP
Slide 18: PP Market United States
PP Market United States Spread PP — PGP (USD/ton) Competitive Environment 700 666 979 North America Largest PP producers Ranking by capacity (000's tons per year) 1.465 1.385 1.101 | L l i J Braskem Player A Player B Player C Player D Source: IHS a
Slide 19: Recent Performance
Recent Performance Main financial and operational indicators
Slide 20: Braskem's capacity utilization rates
Braskem’s capacity utilization rates Ethylene* Polyethylene Polypropylene Pvc USA and Europe 101% 90% 93% 92% 91% 90% 87% ll ll li il Ill 3Q14 2Q15 3Q15 3Q14 2Q15 3Q15 3Q14 2Q15 3Q15 3Q14 2Q15 3Q15 3Q14 2Q15 3Q15 *Does not include Green ethylene 3Q15 v Ethylene: the average crackers utilization rate
Slide 21: Brazilian market of Resins and Braskem' Sales
Brazilian market of Resins and Braskem’ Sales Braskem = The Brazilian market of thermoplastic Resins (kton) = Braskem’ Sales of Thermoplastic Resins (kton) seus ml TTS —|. 2Q15 1,207 os ET] 9M14 oMis = The deterioration in Brazil's economic scenario and the consequent contraction in the durable and
Slide 22: Dynamics of International Market
Dynamics of International Market Braske = Braskem’ Exports of Thermoplastic Resins (kton): 500 1a14 2014 oes vs oid 3a144qi4 =PE mpP 1015 + Braskem’ International Unit Sales (kton): omis, a4 2a15 1a14 2014 3q14 414 international Unit 1015 2a15 cn) a il 3ais ea) L 3ais Ongoing sale opportunities in t
Slide 23: Braskem's sales (PE, PP, PVC)
Braskem’s sales (PE, PP, PVC) Braskem Diversified sales profile in Brazil 3Q15: Consumer driven Infrastructure Food Packaging 55% Consumer Goods Hygiene and Cosmetics & Cleaning * Polyethylene, Polypropylene and Polyvinyl Chloride Pharmaceutical Source: Braskem, Ipeadata and IBGE 7
Slide 24: Braskem's Revenue Breakdown
Braskem’s Revenue Breakdown Braskem Greater exposure to international markets. 9M14 Revenue Brazilian Sales Brazilian Exports (Ex-resale)* United States and Europe Resale R$34 billion “Exports of products made in Brazil 9M15 Revenue R$35 billion 28
Slide 25: Braskem Exports
Braskem Exports Braskem Polymers (PE&PP) export by region (net revenue) 2Q15 (R$1,650 million) ™% = North America | Central America mSouth America m Europe Asia i Qualified”, \ Sales," 3Q15 (R$1,898 million) 12% 29
Slide 26: Financial highlights
Financial highlights 9MisS Consolidated Net Revenue of R$35.0 billion or US$11.0 billion Consolidated EBITDA of R$7.1 billion or US$2.2 Zak Net Income of R$2.7 billion is Net Revenue (R$ n) Net Revenue (US$ million) 13,164 11,724 11,612 | 9 11,592 ; : i r i oe gal afl 3Q14 4Q14 1Q15 2Q15 3Q15 3Q14 4
Slide 27: EBITDA 9M15 vs. 9M14
EBITDA 9M15 vs. 9M14 Braskem EBITDA was R$7,138 million, increasing 67% from 9M14. Highlights: + the 38% average Brazilian currency depreciation; + better thermoplastic resin spreads in the international market; + higher volume of total sales. 4 4,268 307 = S056 — ; 7 EBITDA Extraordinary Adjusted E
Slide 28: Amortization schedule and debt profile
Amortization schedule and debt profile Debt Profile) (R$ million) 09/30/2015 30% 25% 22% 9,858 sare 9% 6% 6% > oe a & eer 09/30/15, 2015 2016 2017 2018 20191 2021) 2024 ‘cash 3020 2023 onwards I stand by of US$750 milion and S500 lion Invested in USS HE nvested in ns Net Debt / EBITDA (US$) us: 3014
Slide 29: Credit Rating
Credit Rating Braskem Agency Rating Outlook Date Global Scale Moody's Baa3* Negative 12/11/2015 Fitch BBB. Negative 12/16/2015 sap BBB. Negative 12/04/2015 * Under Review S&P July 28th — Following the revise outlook to Negative for the Brazilian sovereign rate “..we understand the company could pass
Slide 30: Natural Hedge: US dollar linked cash flow
Natural Hedge: US dollar linked cash flow leads to a net debt ~75% dollar-pegged Braskem > Braskem prices follow the international market: 100% of Revenues is linked to dollar... 100 Basis: 1908 BEE82228592939293 —lntran Reis Piensa Rei Pi Braskem Financial Policy Considering that operating cash flo
Slide 31: Capex
Capex Braskem = Capex 4,316 2015¢ ous Operational — mSteategie Projects = Mexico Operational: Maintenance, replacement, productivity, others + Mexico Project US$ million gomis 2015 + In OMIS5, Braskem invested R$1,358 million. * Excluding the Mexico project from the analysis, total investment came t
Slide 32: 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: January 12 , 2016 BRASKEM S.A. By: /s/ Mário Augusto da Silva Name: Mário Augusto da Silva Title: