Braskem S.a. · BMFBOVESPA:BRKM3
Braskem — Investor Presentation (March 2022)
83 slides from Braskem's investor presentation, March 2022
Slide 1: Investor Presentation 2022
BRASKEM IDESA PETROCHEMICAL COMPLEX IN MEXICO INVESTOR PRESENTATION 2022
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS This presentation includes forward-looking statements. These forward-looking statements represent not solely historical data, but also reflect the goals and expectations of Braskem’s management. The terms “anticipate,” “believe,” “expect,” “foresee,” “intend,” “plan,” “est
Slide 3: Agenda
AGENDA Introduction Petrochemical Industry ESG linked to the Strategy Case Maceió Financial Highlights Outlook for the Future Appendix 3 PUBLIC
Slide 4: Introduction
Introduction Braskem © PUBLIC
Slide 5: Braskem is a petrochemical company with Basic Chemicals and Polymers operations
Braskem is a petrochemical company with Basic Chemicals and Polymers operations Petrochemical Industry Overview EXTRACTION/ REFINING POLYMERS Oil/Gas BASIC CHEMICALS CONVERSION • Oil/Gas Production • Separation • Polymerization • Converters: Pellets to • Oil Refining and Gas • Conversion bags, film,
Slide 6: Belief and Purpose
Braskem is constantly in the search for creating pioneer and sustainable solutions in the petrochemical industry, aiming to improve people’s lifes Belief and Purpose BELIEF PURPOSE CONTRIBUTION Wide and diversified Improve people’s portfolio of basic lives by creating chemicals, specialties, Plastic
Slide 7: Growth Path
Braskem has a successful track record of organic and inorganic growth driven by its internationalization strategy Growth Path Creation of Internationalization and Start up of MOU¹ with SCG Braskem start of the Green PE Braskem Idesa Chemicals² and Lummus From the Start of the Start up of Braskem Sta
Slide 8: Global Resins Capacity Ranking
Due to the implementation of its growth initiatives, Braskem has achieved high standards of size and scale… Global Resins Capacity Ranking BRASKEM IS THE LARGEST PRODUCER OF … AND ONE OF THE LARGEST PETROCHEMICALS THERMOPLASTIC RESINS IN THE AMERICAS… IN THE WORLD Top 10 – Capacity of PE+PP+PVC in t
Slide 9: Industrial & Commercial Footprint
… and became a global company, with industrial units located in Brazil, USA, Europe and Mexico Industrial & Commercial Footprint GERMANY PP: 625 kt/year * COMMERCIAL NETWORK (*): * AMERICAS USA PP: 2,020 kt/year • USA MEXICO * * • Mexico Ethylene: 1,050 kt/year • Brazil PE: 1,050 kt/year * • Colombi
Slide 10: Geographic Diversification
The Company has reduced its exposure to Brazil through geographic diversification Geographic Diversification Revenue Breakdown Recurring Operating Result¹ by Segment (%) (%) Mexico Exports Mexico USA & Europe Brazil USA & Europe Brazilian Market 8% 6% 7% 6% 12% 11% 18% 21% 20% 19% 25% 31% 15% 19% 27
Slide 11: Feedstock Diversification
Braskem has also advanced towards a more balanced feedstock profile, reducing its exposure to naphtha Feedstock Diversification Feedstock Profile by Production Capacity (%) Comments: • Feedstock is a key competitive element 3% 3% 3% 3% 2% 2% in the petrochemical industry, 10% representing a substant
Slide 12: Braskem Business Segments
Currently, the Company has three reportable business segments for investors: (i) Brazil, (ii) USA & Europe and (iii) Mexico Braskem Business Segments Brazil USA¹ & Europe Mexico Basic Chemicals and Polymers Business Model Non-integrated PP Business Integrated PE Business Integrated Business Leader a
Slide 13: Highlights of Brazil Segment
Highlights of Brazil Segment • Leader in Brazil as the only integrated petrochemical company in basic chemicals and polymers INTEGRATION (PE+PP+PVC) AND SCALE • Exposure to different types of feedstock, such as naphtha, ethane, propane, propylene and FEEDSTOCK AND ethanol (renewable feedstock) SUPPL
Slide 14: Highlights of USA & Europe Segment
Highlights of USA & Europe Segment • Largest PP producer in North America with a modern Innovation & Technology Center PP LEADERSHIP supporting its clients POSITION IN NORTH • New world-class PP production facility (Delta) AMERICA • Flexibility via a variety of propylene sources such as PDH’s¹, refi
Slide 15: Highlights of Mexico Segment
Highlights of Mexico Segment • Integrated business for the production of ethylene, high and low density polyethylene (PE) INTEGRATION • Largest PE producer in Mexico, with production capacity of ~1.1 million tons/year of ethylene AND SCALE and PE • Competitive cost structure, which is similar to a p
Slide 16: Corporate Strategy
Braskem’s growth is driven by the ambitions of its strategic pillars and enabled by innovation Corporate Strategy PRODUCTIVITY AND STRATEGIC PILLARS COMPETITIVENESS AMBITIONS Productivity and Braskem as a first quartile operator Competitiveness Be a reference in the global chemical and petrochemical
Slide 17: Petrochemical Industry
Petrochemical Industry PUBLIC
Slide 18: Petrochemical Chain
The petrochemical industry is focused on the production of “building blocks” which will be converted and will generate a large range of products Petrochemical Chain ENERGY BASIC CHEMICALS DERIVATIVES MATERIALS DEMAND SEGMENTS • Automotive • Packaging • Civil Construction • Industrial uses • Medial •
Slide 19: Feedstocks: crude oil, naphtha, natural gas and ethane prices
Feedstock pricing is given internationally and mainly impacted by changes in oil and natural gas prices Feedstocks Crude Oil ($/bbl) and Naphtha ($/ton) Natural Gas ($/MMBTU) e Ethane ($/ton) Base 100 – 2000 Base 100 – 2000 International market is the price maker International market is the price ma
Slide 20: Ethylene Production by Feedstocks
Feedstock profile for ethylene production changes according to the region Feedstocks Ethylene Production by Feedstocks % - 2021 South Western Northeast World Middle East North America America Europe Asia 5% 2% 13% 12% 9% 6% 1% 16% 12% 8% 22% 10% 39% 28% 13% 58% 9% 63% 65% 13% 4% 38% 83% 71% Naphtha
Slide 21: Co-Products Yield by Feedstock
Each feedstock provides a different number of co-products when cracked Feedstocks Co-Products Yield when producing 1 unit of ethylene via several feedstocks Benzene 0,2 0,2 Butadiene 1,0 1,0 0,3 0,1 0,2 Products 0,5 0,4 Propylene (t) 1,0 1,0 1,0 1,0 1,0 Ethylene -1,3 Feedstock -2,4 -3,5 -5,9 Feedsto
Slide 22: Ethylene Cash Cost by Region
The ethylene price is set by the marginal producer, the one with the highest cash cost Cash Cost CONCEPTUAL Ethylene Cash Cost by Region US$/t – (US$ 65/b Brent, 170 US$/t) Usually smaller, older, naphtha- Braskem’s facilities located in based plants located in Asia Most of Braskem's Players with lo
Slide 23: Profitability in the petrochemical industry behaves cyclically
Profitability in the petrochemical industry behaves cyclically Profitability in the petrochemical industry Supply and Demand Dynamics of the Petrochemical Industry CONCEPTUAL Highlights: Volume Supply • Investment decisions are Oversupply Demand usually taken simultaneously and at times when the mar
Slide 24: ESG linked to the Strategy
ESG linked to the Strategy PUBLIC
Slide 25: Timeline of the Sustainable Operation
TIMELINE OF THE SUSTAINABLE OPERATION Braskem seeks to operate in accordance with the sustainable development principles since the beginning of its operations, in 2002 2002 2009 2014 2018 2020 Creation of Global Compact Circular Certification by 20201 Macro the MPF4, DoJ5, Braskem Lead Economy With
Slide 26: Materiality
MATERIALITY 1 Braskem does a periodical assesment of relevant sustainability themes, focusing in specific topics related to its business impacts ENVIRONMENT SOCIAL ECONOMIC • Greenhouse gas emissions • People health and safety • Economic and financial results • Water consumption • Process satefy • T
Slide 27: Risk Management
RISK MANAGEMENT Also evaluates sustainability through the corporate risk perspective, based in its Global 2 Risk Management Policy The Risk Management process is cyclic, Risks are classified in 4 categories, In the risk analysis and assessment, the continuous, and is used to identify, considering in
Slide 28: 2020 Macro Objectives
2020 MACRO OBJECTIVES 3 Defined in 2009, based in the materiality and risks analysis, and aligned to the Principles of the Global Compact, with contributions to the SDG1 and the Paris Agreement ECONOMIC AND FINANCIAL HEALTH AND SAFETY RESULTS STRENGTHENING POST- PRACTICES CONSUMPTION DEVELOPING 2020
Slide 29: Achievement of 2020 Macro Objectives
2020 MACRO OBJECTIVES Braskem achieved approximately 85% of its sustainable development Macro Objectives set for 2020 Achievement of the 2020 Macro Objectives Mensuration of the 2020 Macro Objectives (% of achievement) Average: 85% 84% 1. Health and Safety 1. Rate of personal and processes accidents
Slide 30: Recognitions
RECOGNITIONS Thus, for its sustainable performance, Braskem has been recognized over time by organizations specializing in the sustainability topic 2014-2021 2012-2021 2020 2005-2020 One of the most sustainable Listed for the ninth consecutive Recognition by ECLAC and the Participation for 15 consec
Slide 31: Strengthening Practices: Compliance System Certification
STRENGTHENING PRACTICES Certification of the Compliance System by DoJ1, SEC2 and MPF3, after the conclusion of independent monitoring and implementation of all recommendations for improvements Before(4) After(4) Independent Members 2/11 • 4/11 independent members • Creation of a committee foreseen i
Slide 32: 2030 & 2050 Commitments
2030 & 2050 COMMITMENTS PUBLIC The new commitments seek for expand positive impacts and mitigate risks in Braskem path, creating business value through innovation and sustainability HEALTH AND TOPICS SAFETY Social Environmental 1 Economic ECONOMIC Governance 2 AND FINANCIAL RESULTS SUSTAINABLE ELIMI
Slide 33: Health and Safety
HEALTH AND SAFETY PUBLIC 1 Safety is a non-negotiable value for Braskem Human Capital CONTEXT 2030 OBJECTIVES • Commitment related to people health and safety, including Zero accidents with people, processes, or health team members, contractors and surrounding communities, and process safety People
Slide 34: Health and Safety: Ongoing projects
HEALTH AND SAFETY PUBLIC 1 Ongoing projects Capital Humano HUMAN RELIABILITY PROGRAM Education, knowledge management and practical actions in the field on attitudes that reduce exposure to risks at work CONTRACTORS SAFETY Improvement of safety management requirements for companies hired at industria
Slide 35: Economic and Financial Results
ECONOMIC AND FINANCIAL RESULTS PUBLIC 2 Creation of sustainable value Financial Capital CONTEXT 2030 OBJECTIVES To maintain the financial health and discipline in the capital • Commitment related to the incorporation of sustainability allocations, focused on value creation, strengthening the to the
Slide 36: Economic and Financial Results: Ongoing projects
ECONOMIC AND FINANCIAL RESULTS PUBLIC 2 Ongoing projects Financial Capital COMPLIANCE SYSTEM Continuous improvement of the Compliance System and governance practices GLOBAL COMPACT CFO PRINCIPLES Commitment to integrating the UN Sustainable Development Goals to the Company’s financial management UNI
Slide 37: Elimination of Plastic Waste
ELIMINATION OF PLASTIC WASTE PUBLIC 3 Circular economy as a business opportunity Natural Capital CONTEXT 2030 OBJECTIVES • Commitment related to the transition to the circular To increase the sale of recycled products, to work on economy as a way of addressing the inappropriate disposal preventing t
Slide 38: Elimination of Plastic Waste: Ongoing projects
ELIMINATION OF PLASTIC WASTE PUBLIC 3 Ongoing projects Natural Capital MECHANICAL RECYCLING • VALOREN (BR): partnership to build a recycle line with capacity for 14kt/year (R$ 67 million) • TECIPAR (BR): agreement for the purchase of plastic waste that enabled the construction of a triage plant with
Slide 39: Elimination of Plastic Waste: Ongoing projects
ELIMINATION OF PLASTIC WASTE PUBLIC 3 Ongoing projects Natural Capital INDUSTRY PROJECTS • AEPW1 (Global): sectoral alliance that is committed to investing US$ 1 billion in projects and technologies to end the disposal of plastic waste in the environment, especially in the oceans • BLUE KEEPERS (BR)
Slide 40: Combating Climate Change
COMBATING CLIMATE CHANGE PUBLIC 4 To achieve carbon neutrality by 2050 Natural Capital CONTEXT 2030 AND 2050 OBJECTIVES To reach carbon neutrality by reducing and compensating • The commitment is related to the reduction and emissions and carbon capture neutralization of greenhouse gas emissions, co
Slide 41: Combating Climate Change: Ongoing projects
COMBATING CLIMATE CHANGE PUBLIC 4 Ongoing projects Natural Capital ENERGY EFFICIENCY Energy efficiency projects, oriented by digital tools and internal carbon pricing applied to new investments RENEWABLE ENERGY Long-term agreements for the purchase of renewable energy that, until now, total 1.5 mill
Slide 42: Operational Eco-Efficiency
OPERATIONAL ECO-EFFICIENCY PUBLIC 5 Increasingly sustainable operations Natural Capital CONTEXT 2030 OBJECTIVES Increasingly more sustainable operations and services, with • Committed related to the operational efficiency of focus on water and energy resources industrial units with a focus on the su
Slide 43: Operational Eco-Efficiency: Ongoing projects
OPERATIONAL ECO-EFFICIENCY PUBLIC 5 Ongoing projects Natural Capital ENERGY EFFICIENCY • FURNACES: reduction of energy consumption in crackers' furnaces, based on equipment modernization • VESTA: modernization of the electrical system at ABC, through electrification of engines and construction of a
Slide 44: Social Responsibility and Human Rights
SOCIAL RESPONSIBILITY AND HUMAN RIGHTS PUBLIC 6 To be recognized as the most humane company in the Human Capital Social Capital sector CONTEXT 2030 OBJECTIVES • Commitment related to Braskem's responsible To respect and promote human rights in the entire chain and the performance in relation to huma
Slide 45: Social Responsibility: Ongoing projects
SOCIAL RESPONSIBILITY AND HUMAN RIGHTS PUBLIC 6 Ongoing projects Human Capital Social Capital DIVERSITY, EQUITY, AND INCLUSION • INTERNSHIP PROGRAM: flexibilization of criteria for the selection of sub-represented groups, with 40% of openings not requiring English • BLIND CV: Blind assessment of CV
Slide 46: Sustainable Innovation
SUSTAINABLE INNOVATION PUBLIC 7 Key factor to enable all the other commitments Intellectua l Capital CONTEXT 2030 OBJECTIVES • Commitment related to the opportunities in technology and To consolidate the sustainable pipeline of projects and to innovation to leverage sustainable value creation contin
Slide 47: Sustainable Innovation: Operating Platforms
SUSTAINABLE INNOVATION PUBLIC 7 Operating Platforms Intellectua l Capital NEW GENERATION PROCESSES New technologies for existing assets, improving carbon and energy efficiency and creating differentiation in performance RECYCLING Projects for converting plastic waste into value-added products. Inclu
Slide 48: Case Maceió
Case Maceio Braskem © PUBLIC
Slide 49: Braskem in Alagoas: Long presence and commitment to the State
Braskem in Alagoas: Long presence and commitment to the State Introduction General information: Integrated Industrial Operation • Start of operations: 1975¹ (through mergers and acquisitions) • Assets: two plants in Alagoas: (i) Chlor-alkali, in Maceió and Salt AL (ii) PVC, in Marechal Deodoro • Bra
Slide 50: General characteristics about the salt extraction process
General characteristics about the salt extraction process Introduction General Characteristics: Salt Extraction Process • Process: Rock salt mining by underground dissolution Cemented • Number of wells: 35 (vertical and directional wells) coating Protection fluid • Depth: 900 to 1,200 meters • Licen
Slide 51: Geological Phenomenon in Maceió
Geological event in Alagoas: an earthquake occurred in the region in March 2018 Situation in Maceió, Alagoas Geological Phenomenon in Maceió • In March 2018, an earthquake is recorded in some neighborhoods of Maceió, capital of the state of Alagoas • Since then, Braskem has adopted a responsible, tr
Slide 52: Braskem's Focus of Action
Braskem's actions remains focused on the safety of the region's residents and understanding the geological phenomenon Braskem's Focus of Action SAFETY OF PEOPLE UNDERSTANDING OF THE GEOLOGICAL PHENOMENON Removal of residents from risk areas Understanding of the geological and their resettlement phen
Slide 53: Braskem's Actions on five fronts
Due to Braskem's knowledge of the geological event, the Company has been working on the following acting fronts Braskem's Actions 1 2 3 4 5 Closing and Relocation and Socio-Urbanistic Environmental Additional Monitoring of Salt Compensation Measures Study Measures Wells Support for relocation Action
Slide 54: Update on Geological Event in Alagoas - Advances in PCF
Update on Geological Event in Alagoas - Advances in PCF¹ Update of PCF¹ as of February 28, 2022 Status on Feb/28/22 Acceptance Index for Proposals Submitted Approximately 97% of properties Financial Compensation Proposals Submitted Payments Made (R$ million)² Properties Relocated 99.7% 99.6% 99.7% 9
Slide 55: Main lawsuits filed against the Company
Main lawsuits filed against the Company in the context of the geological event Main lawsuits filed against the Company 1 2 3 4 Reparation for Reparation for Social-environmental Investors Workers Residents Reparation (Class Action) State and Federal Prosecution Labor Prosecution Office – Federal Pro
Slide 56: Braskem's Vinyls Operation in Alagoas and Bahia
A relevant portion of Braskem's Vinyls operation is located in Alagoas Braskem's Vinyls Operation ALAGOAS Production Capacity (kt/year) • PVC: 460 • Caustic Soda: 460 • Chlorine: 400 • EDC¹: 520 BAHIA Production Capacity (kt/year) Braskem has Vinyls assets in Alagoas • PVC: 250 In 2020, Braskem perm
Slide 57: Return to Integrated Business Model in Vinyls
With the resumption of the Chlor-alkali operation in Alagoas, Braskem will return to operating with an integrated business model in Vinyls Business Model Temporary Business Model New Integrated Business Model (2019-2020) (2021) Imported Caustic Caustic Clients Salt Clients Soda Soda Electricity Chlo
Slide 58: Update on Geological Event - Financial Impact
Update on Geological Event in Alagoas - Financial Impact Financial Impact¹ – Balance of Provisions in 4Q21 Disbursement Schedule (R$ billion) (R$ billion) In 4Q21, the balance of provisions related to the geological event in Alagoas ... of which some 57% was under Current Liabilities was around R$7.
Slide 59: Financial Highlights
Financial Highlights PUBLIC
Slide 60: Fundamental aspects in the profitability of the petrochemical industry
Fundamental aspects in the profitability of the petrochemical industry Conceptual • Demand (sales volume): strong correlation with the growth rate of the Net Revenue economy (=) (Demand x Price) • Product Pricing: follows international references and is defined by the marginal producer (the producer
Slide 61: Financial Highlights - Net Revenue
Braskem revenues follow petrochemical demand and price dynamics and is composed mainly by PE/PP, which represents ~65-70% of total revenues Financial Highlights - Net Revenue Net Revenue (US$ million) Comments: Others² Ethylene/Propylene • Demand is strongly correlated to economy PVC/Caustic Soda/ED
Slide 62: Financial Highlights - Recurring Operating Result
Margins in the petrochemical industry are mainly driven by industry spreads and companies’ cost competitiveness and scale Financial Highlights - Recurring Operating Result Recurring Operating Result and Margin - Consolidated (US$ million) and (%) Comments: Recurring Operating Result • The petrochemi
Slide 63: Recurring Operating Result by Segments
Regardless of the region, product and feedstock used, all Braskem segments have a health profitability Financial Highlights - Recurring Operating Result by Segments Recurring Operating Result¹ and Margin – By Segments (US$ million) and (%) Brazil USA and Europe Mexico² Basic Chemicals and Polymers (
Slide 64: Maximizing cash generation
The Company's decision-making aims to maximize its cash generation Conceptual Recurring • Margins: cyclic, with the existence of "peaks" (high margins) and "valleys" (=) Operating Result (low margins) in the petrochemical cycle • Constant search for working capital optimizations, mainly with feedsto
Slide 65: Cash Generation
Braskem presents consistent operating cash generation, even in periods of down cycles in the petrochemical industry Financial Highlights - Cash Generation Free Cash Flow Generation (US$ million) Comments: • Through its operating activities, Braskem 20,8% 24,2% consistently presents positive cash gen
Slide 66: Debt Schedule
Maintenance of very long debt maturity profile Financial Highlights - Debt Schedule Debt Profile (US$ million) Dec/31/21(1) Debt Indicators Strong liquidity position, with most liabilities maturing • Sufficient liquidity to cover liabilities coming in long term (54% after 2030) 54% due in next 72 mo
Slide 67: Corporate Leverage
Braskem continued to present solid credit metrics and low corporate leverage ratio, even after the distribution of anticipated dividends of R$ 6 billion Financial Highlights - Corporate Leverage Adjusted Net Debt/Recurring Operating Result¹ (US$ million) Corporate Leverage (Ex-Braskem Idesa) Adjuste
Slide 68: Financial Policy
Braskem adopts a conservative financial policy to limit the risks associated with the exposure to the cyclical and capital-intensive nature of its businesses Conceptual Financial Highlights - Financial Policy Main Mitigation Mechanisms for each Risk • Maintenance of a robust cash position, with the
Slide 69: Liquidity Risk
Braskem consistently maintains a robust cash position, with the objective to ensure the permanent fulfillment of the Company's financial obligations Financial Highlights - Liquidity Risk 1 2 3 4 Cash Position¹ (Ex-Braskem Idesa) (US$ million) Comments: • Braskem has a calculation methodology to Inve
Slide 70: FX Risk
Braskem reduces FX risk by setting a Long-Term Currency Hedge Program Financial Highlights – FX Risk 1 2 3 4 FX Exposure (%) Comments: • With the objective of partially mitigate the “Dollarized" company - sales are referenced in USD, but some costs (e.g., long-term FX risk, as of Sep/2016, the fixed
Slide 71: Commodity Risks
In the petrochemical industry, feedstock and product prices are highly correlated, creating a natural protection (a natural “hedge”) over time Financial Highlights - Commodity Risks 1 2 3 4 PE US and Naphtha ARA Prices¹ PP US and Propylene US Prices¹ PP Europe and Propylene Europe Prices¹ (US$/ton)
Slide 72: Default Risk
Due to its rigorous analysis for granting credit to clients, Braskem has low default levels Financial Highlights - Default Risk 1 2 3 4 Risk Ratings of Accounts Receivable - Brazil and Abroad Default Indicators - Brazil and Abroad (%) (%) High / Very High Risk¹ Low Risk Medium Risk Minimal Risk Dome
Slide 73: Dividends Policy
Braskem could pay Dividends in 2 ways: as Mandatory and as Complementary Dividends Policy 5% allocated to the Legal Reserve 1 • Before any other allocation, 5% of the net income determined in accordance with Brazilian Corporation Law and with Braskem’s Bylaws Comments: are allocated to the Legal Res
Slide 74: Braskem remains an interesting investment opportunity
Braskem remains an interesting investment opportunity in global petrochemical industry Valuation by Multiple Indicators Braskem vs. Peers Consensus vs. Actual Price on B3 (EV/Recurring Operating Result LTM¹) (Profitability and Credit KPIs - 2021) (BRKM5) US Peers Average² Braskem Braskem US Peers Av
Slide 75: Outlook for the Future
Outlook for the Future PUBLIC
Slide 76: Our Main Growth Avenues
We will continue to focus on implementing our strategy focused on renewables, recycling and productivity improvement OUR MAIN GROWTH AVENUES Existing Productivity & Renewables Recycling Competitiveness Projects Capital Strategic Pillars • Expansion of our Green PE • Grow to 1 million tons of resins
Slide 77: Why invest in Braskem?
Finally, Braskem has several attributes and characteristics that could potentially attract investors Why invest in Braskem? Industrial units located in Brazil, United States, Mexico and Germany and Global commercial network, GLOBAL COMPANY with offices in the Americas, Europe and Asia, serving clien
Slide 78: Thanks!
Thanks! Braskem }
Slide 79: Appendix - Relevant Data per Segments and Consolidated
APPENDIX - RELEVANT DATA PER SEGMENTS AND CONSOLIDATED Click here to download Braskem’s Valuation Book 79
Slide 80: Brazil Business Segment – Operating and Financial Overview
Brazil Business Segment – Operating and Financial Overview KPI Unit 2018 2019 2020 2021 Ethylene Utilization Rate (%) 91% 85% 81% 81% Resins Sales - Brazil (Kt) 3,421.80 3,423.84 3,662.74 3,493.80 Resins Sales - Exports (Kt) 1,302.86 1,407.71 1,073.51 830.93 Main Chemicals Sales - Brazil (Kt) 3,364.
Slide 81: United States & Europe Business Segment – Operating and Financial Overview
United States & Europe Business Segment – Operating and Financial Overview KPI Unit 2018 2019 2020 2021 PP USA Utilization Rate (%) 88% 91% 92% 86% PP Europe Utilization Rate (%) 84% 79% 79% 91% PP USA Sales (Kt) 1,394.84 1,439.22 1,466.21 1,658.71 PP Europe Sales (Kt) 528.39 481.22 501.94 558.35 Ne
Slide 82: Mexico Business Segment – Operating and Financial Overview
Mexico Business Segment – Operating and Financial Overview KPI Unit 2018 2019 2020 2021 PE Utilization Rate (%) 77% 76% 74% 66% PE Sales (Kt) 798.84 813.11 845.07 637.78 Net Revenue (US$ MM) 1,210.15 774.63 773.31 1,205.50 Recurring Operating Result (US$ MM) 613.86 361.36 283.21 620.46 Recurring Ope
Slide 83: Consolidated – Operating and Financial Overview
Consolidated – Operating and Financial Overview KPI Unidade 2018 2019 2020 2021 Recurring Operating Result (US$ MM) 3,049.17 1,513.65 2,082.04 5,645.31 Recurring Operating Margin (%) 19.21 11.39 18.29 22.39 SG&A/Net Revenue (%) 5.97 6.54 5.06 5.09 Leverage (ex-Braskem Idesa) Índice 2.18 4.71 2.94 TB