Braskem S.a. · BMFBOVESPA:BRKM3
Braskem — Q1 2025 Earnings Presentation
24 slides from Braskem's earnings presentation, May 12, 2025
Slide 1: Earnings Conference Call 1st Quarter of 2025
EARNINGS CONFERENCE CALL 1ST QUARTER OF 2025 MAY 12, 2025 PUBLIC
Slide 2: Disclaimer Regarding Forward-Looking Statements
1Q25 EARNINGS CONFERENCE CALL DISCLAIMER REGARDING FORWARD-LOOKING STATEMENTS This presentation may contain forward-looking statements. These statements are not historical facts and are based on the Company’s current vision and estimates of the Company’s management regarding future economic and othe
Slide 3: Agenda
AGENDA Financial and operational highlights Performance by segment Performance by segment Consolidated performance Consolidated performance Scenario perspective Scenario perspective Strategic direction Strategic direction 3 | PUBLIC
Slide 4: Financial and operational highlights
1Q25 Financial and operational highlights In 1Q25, Braskem had an operational performance superior to the end of 2024, recording Recurring EBITDA of US$ 224 MM, 121% above 4Q24 Utilization rate 1Q25 vs. 4Q24 +4 p.p. Brazil Recurring EBITDA Indebtedness Profile4 +10 p.p. Green Ethylene1 +13 p.p. USA
Slide 5: Agenda
AGENDA Financial and operational highlights Financial and operational highlights Performance by segment Consolidated performance Consolidated performance Scenario perspective Scenario perspective Strategic direction Strategic direction 5 | PUBLIC
Slide 6: Performance | Brazil
1Q25 Performance | Brazil Recurring EBITDA in 1Q25 was US$199 MM, 76% higher than in 4Q24, due to higher spreads and cost reduction initiatives Utilization Rate of Petrochemical Plants Recurring EBITDA (% of ethylene capacity utilization) (in US$ million) +76% +4 p.p. Inventory 199 management at the
Slide 7: Performance | I'm green biobased PE
1Q25 Performance | I’m greenTM biobased PE In relation to green ethylene, the plant's capacity was revised to 275kt/year, proving the unit's operational efficiency Green Ethylene Utilization Rate¹ (% of Green Ethylene capacity utilization) GREEN ETHYLENE CAPACITY REVIEW +10 p.p. 98% Normalization of
Slide 8: Performance | USA & Europe
1Q25 Performance | USA & Europe The segment’s higher operational performance in 1Q25 also impacted sales performance, resulting in an EBITDA of US$20 million Utilization Rate of USA & European plants Recurring EBITDA (% of average utilization of PP capacities) (in US$ million) 20 +13 p.p. Normalizat
Slide 9: Performance | Mexico
1Q25 Performance | Mexico The segment's recurring EBITDA was US$37 million, up 6% compared to 4Q24, mainly due to the increase in the PE spread in the international market. Utilization Rate of Petrochemical Plants Recurring EBITDA (% of average PE capacity utilization) (in US$ million) +6% +2 p.p. 1
Slide 10: Completion of Ethane Import Terminal in Mexico
1Q25 Performance | Completion of Ethane Import Terminal in Mexico The construction completion of the ethane import terminal in Mexico provides the necessary conditions for Braskem Idesa to have access to all its feedstock needs, optimizing operating rates and cost competitiveness • up to 80 thousand
Slide 11: Agenda
AGENDA Financial and operational highlights Financial and operational highlights Performance by segment Performance by segment Consolidated performance Scenario perspective Scenario perspective Strategic direction Strategic direction 11 | PUBLIC
Slide 12: Performance | EBITDA
1Q25 Performance | EBITDA Recurring EBITDA at the end of 1Q25 was US$224 MM, 121% higher than in 4Q24, mainly due to higher spreads and sales levels in Brazil, and USA & Europe Recurring EBITDA 1Q25 (in US$ million) EBITDA Margin US$113 MM US$224 MM Net Profit1 Recurring EBITDA 11% 9% 6% 7% PETROCHE
Slide 13: Performance | Cash Flow
1Q25 Performance | Cash Flow Cash consumption in the quarter was R$2.7 billion, mainly due to the negative variation in working capital and interest payments concentrated in the first half of the year Cash Flow in 1Q25 (in R$ million) 1,321 (1,751) (936) (507) (2,416) (1,535) 77 (286) (21) (2,702) R
Slide 14: Performance | Liquidity and Indebtedness
1Q25 Performance | Liquidity and Indebtedness The Company's debt profile remained elongated, with around 68% of debts as of 2030 (ex-Braskem Idesa) Debt Profile¹ 03/31/2025 (in US$ million) Total cash Total debt Principal Interest SLL - Sustainable Linked Bond² Stand by Liquidity 2,992 ~US$2 Bi US$1
Slide 15: Performance 1Q25 | Alagoas updates
Performance 1Q25 | Alagoas updates During the quarter, the work fronts in Alagoas continued to advance according to plan 1 Relocation and compensation Total Amount and Balance of Provisions2 (in R$ billion) Disbursements Other obligations to pay Relocation and Compensation Program 99.9% of resident
Slide 16: Agenda
AGENDA Financial and operational highlights Financial and operational highlights Performance by segment Performance by segment Consolidated performance Consolidated performance Scenario perspective Strategic direction Strategic direction 16 | PUBLIC
Slide 17: Scenario Perspective | 2Q25 vs. 1Q25
Scenario Perspective | 2Q25 vs. 1Q25 2Q25 vs. 1Q25 Brazil USA & Europe Mexico Higher utilization rate: Higher utilization rate in the USA: • no planned events in the period • inventory rebuilding to meet forecasted steady Lower usage rate: Utilization • inventory management in anticipation of demand
Slide 18: Braskem's leadership position amid global tariff uncertainties
Regarding the uncertainties of the global tariff scenario, it is worth highlighting Braskem's leadership position in the markets where it operates, one of its main competitive advantages Polyolefins¹ Market by Region Braskem's geographic positioning will be (% in tons, 2024) essential in the scenari
Slide 19: Agenda
AGENDA Financial and operational highlights Financial and operational highlights Performance by segment Performance by segment Consolidated performance Consolidated performance Scenario perspective Scenario perspective Strategic direction 19 | PUBLIC
Slide 20: Strategic Direction
Strategic Direction Braskem's strategy is focused on implementing initiatives to maximize cash, while the Company's transformation is accelerated RESILIENCE AND 2 1 TRANSFORMATION FINANCIAL HEALTH Tactical initiatives to mitigate the Actions to support the current business Creating value for impacts
Slide 21: Strategic Direction: Resilience and Financial Health
Strategic Direction On the resilience pillar, the Company has demonstrated results on all fronts in order to mitigate the impacts of the industry's down cycle RESILIENCE AND FINANCIAL HEALTH 1 2 Fixed and Variable Competitiveness of Investments Costs Brazilian Industry CAPEX (ex-Braskem Idesa) Corpo
Slide 22: Strategic Direction: Transformation
Strategic Direction In parallel, Braskem plans to grow the business selectively and strategically, building the Braskem of the future TRANSFORMATION 1 2 Asset strategy Naphtha base • Optimization of the utilization rate of the most competitive lines (in continuous optimization implementation); and •
Slide 23: Q&A
Q&A EARNINGS CONFERENCE CALL 1ST QUARTER 2025 MAY 12, 2025 PUBLIC
Slide 24: Earnings Conference Call 1st Quarter 2025
EARNINGS CONFERENCE CALL 1ST QUARTER 2025 MAY 12, 2025 Investor Relations IR Website: https://www.braskem-ri.com.br/ E-mail: braskem-ri@braskem.com Phone: +55 (11) 3576-9531 PUBLIC 24 | PÚBLICO