Braskem S.a. · BMFBOVESPA:BRKM3
Braskem — Q3 2025 Earnings Presentation
32 slides from Braskem's earnings presentation, Nov 11, 2025
Slide 1: Earnings Conference Call 3rd Quarter 2025
EARNINGS CONFERENCE CALL 3RD QUARTER 2025 NOVEMBER 11, 2025
Slide 2: Disclaimer Regarding Forward-Looking Statements
3Q25 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 Resilience and Transformation Program Resilience and Transformation Program Petrochemical Scenario Petrochemical Scenario 2025 Priorities and QA 2025 Priorities
Slide 4: 3Q25 Financial and Operational Highlights
3Q25 Financial and Operational Highlights Recurring EBITDA for the quarter was US$150 million, 104% higher than 2Q25, impacted by the prolonged petrochemical downcycle. Utilization Rate Cash Position2 Recurring EBITDA 65% 3Q25 vs. 2Q25 Brazil ~US$1.3 billion -9 p.p. US$150 MM 40% -31 p.p. Green Ethy
Slide 5: Macroeconomic and Petrochemical Scenario in 3Q25
Macroeconomic and Petrochemical Scenario in 3Q25 The global macroeconomic environment remains volatile, impacting global demand which, combined with excess supply, continues to put pressure on spreads in the international market Macro Demand Spreads in the international market Volatility and uncerta
Slide 6: Agenda
AGENDA Financial and operational highlights Financial and operational highlights Performance by segment Consolidated performance Consolidated performance Resilience and Transformation Program Resilience and Transformation Program Petrochemical Scenario Petrochemical Scenario 2025 Priorities and QA 2
Slide 7: 3Q25 Performance | Brazil
3Q25 performance | Brazil Recurring EBITDA in Brazil was higher mainly due to the prioritization of higher value-added sales, increased sales of main chemicals, and resilience initiatives Utilization Rate of -9p.p Recurring EBITDA 3Q25 vs. 2Q25 (US$ million) Petrochemical Plants 73% 74% 65% +35% (%
Slide 8: 3Q25 Performance | I'm green bio-based PE
3Q25 performance | I’m green bio-based PE The business’s operational performance in the quarter was impacted by the initiative to optimize inventory levels Inventory optimization in MIGRATION TO RENEWABLES the quarter FLY UP TO GREEN -31 p.p. 95% Green Ethylene 71% Utilization Rate¹ 40% (% of Green
Slide 9: 3Q25 Performance | EUA & Europa
3Q25 Performance | EUA & Europa he U.S. and Europe segment remained impacted by weak demand in the regions and pressured spreads, partially offset by the lower inventory effect Recurring EBITDA 3Q25 vs. 2Q25 (US$ million) +5p.p Utilization Rate of USA & Europe 76% 74% 79% plants¹ 0 (% of PP capacity
Slide 10: 3Q25 Performance | Mexico
3Q25 Performance | Mexico The Mexico segment was impacted by the scheduled maintenance shutdown of its petrochemical complex, by pressured spreads, and by lower feedstock supply from Pemex. +3p.p Recurring EBITDA 3Q25 vs. 2Q25 (US$ million) PE Plant 74% Utilization Rate 44% 47% (% of PE capacity uti
Slide 11: 3Q25 Performance | Mexico
3Q25 Performance | Mexico During the quarter, the first general maintenance shutdown at the petrochemical complex in Mexico since its inauguration was completed, and the supply of ethane by TQPM was initiated. Conclusion of the Braskem Idesa maintenance shutdown Start of ethane supply by TQPM Genera
Slide 12: Agenda
AGENDA Financial and operational highlights Financial and operational highlights Performance by segment Performance by segment Consolidated performance Resilience and Transformation Program Resilience and Transformation Program Petrochemical Scenario Petrochemical Scenario 2025 Priorities and QA 202
Slide 13: 3Q25 Consolidated EBITDA
3Q25 Consolidated EBITDA Recurring EBITDA for the quarter was US$150 million, considering the resilience plan, with emphasis on initiatives to reduce fixed costs and the commercial strategy to supply the Brazilian market Recurring EBITDA and Recurring EBITDA Margin EBITDA Recorrente 3T25 vs. 2T25 (U
Slide 14: Alagoas Updates
Alagoas Updates The work fronts in Alagoas continued to progress as planned. Relocation and Compensation Program (until sep/25) Total Amount and Balance of Provisions1 Resident relocations: 99.9% (R$ billion) Payments made Other obligations to pay Proposals submitted : 19,197 (99.9%) 18.1 Accepted p
Slide 15: 3Q25 Performance | Cash Flow
3Q25 Performance | Cash Flow EBITDA impacted by lower spreads, semiannual interest payments on debt securities, and CAPEX investments were the main factors driving cash consumption during the quarter 3Q25 Consolidated Cash Flow (R$ million) Inventory level optimization, offset by shorter payment ter
Slide 16: 3Q25 Performance | Liquidity and Indebtedness
3Q25 Performance | Liquidity and Indebtedness The Company’s debt profile remained elongated during 3Q25, and to reinforce its liquidity position in the face of the prolonged down cycle, it has drawn down the available “stand-by” credit line in Oct/25 Corporate Debt Profile¹ 09/30/2025 Key Indicators
Slide 17: Agenda
AGENDA Financial and operational highlights Financial and operational highlights Performance by segment Performance by segment Consolidated performance Consolidated performance Resilience and Transformation Program Petrochemical Scenario Petrochemical Scenario 2025 Priorities and QA 2025 Priorities
Slide 18: Resilience and Transformation Program
Resilience and Transformation Program Braskem continues to advance its initiatives to overcome the current challenges of the international petrochemical and national chemical sectors while becoming more efficient and competitive Resilience Transformation REGULATORY ASSET OPTIMIZATION OF NAFTA-BASED
Slide 19: Resilience and Transformation Program: Resilience
Resilience and Transformation Program RESILIENCE Braskem intensified the implementation of the global resilience program with actions in more than 700 initiatives Capture potential¹ INSTITUTIONAL AGENDA 79 action plans have been established globally, with over 700 initiatives EBITDA COMMERCIAL ~US$4
Slide 20: Resilience and Transformation Program
Resilience and Transformation Program RESILIENCE Resilience initiatives have shown progress and are essential to mitigating the impacts of the industry's prolonged down cycle Regulatory Agenda of the Brazilian Chemical Industry Initiatives Impacting EBITDA and Cash Date Approvals Detailing Capture³
Slide 21: Resilience and Transformation Program: Transformation
Resilience and Transformation Program TRANSFORMATION The Transformation Program also advanced in other regions through actions to increase the competitiveness of existing operations and ensure the perpetuity of the business Change in the operating model in Alagoas LPG import study in Rio Grande do S
Slide 22: Transforma Rio
Resilience and Transformation Program TRANSFORMATION The capacity expansion of the Rio de Janeiro Complex was approved by the Company's Board of Directors in October/25, and will expand the Company's gas-based capacity TRANSFORMA RIO Increased capacity of the most competitive cracker in Brazil, with
Slide 23: Agenda
AGENDA Financial and operational highlights Financial and operational highlights Performance by segment Performance by segment Consolidated performance Consolidated performance Resilience and Transformation Program Resilience and Transformation Program Petrochemical Scenario 2025 Priorities and QA 2
Slide 24: Corporate Strategic Direction – Cycle 2026-2030
Corporate Strategic Direction – Cycle 2026-2030 In the second half of the year, the Company advances with discussions related to Strategic Direction, updating the vision related to the global scenario and fundamentals of the energy and petrochemical industry Timeline: Annual Business Plan Update (Ca
Slide 25: Global Scenario
Global Scenario The global scenario in 2025 has been marked by a high level of uncertainty and volatility, driven mainly by growing trade tensions between the US and China Commercial Tensions Global GDP Growth (%) Main factors of uncertainty in 2025 (which are Projection: market consensus assumes gl
Slide 26: Energy Scenario
Energy Scenario Additionally, oil prices were impacted by the economic uncertainty generated by the tariff war, in addition to the gradual resumption of production by OPEC+, which contributed to adjustments in global supply, putting pressure on resin price references in the international market. Cru
Slide 27: Perspectives of the Petrochemical Industry until 2030
Perspectives of the Petrochemical Industry until 2030 In our internal discussions, with the support of external consultants, we identified that until 2030 the dynamics in the petrochemical industry will remain challenging, with China leading investments to achieve self-sufficiency PE – Supply¹ & Dem
Slide 28: Petrochemical Spreads Perspectives until 2030
Petrochemical Spreads Perspectives until 2030 Considering the global scenario and the prospects for the petrochemical industry, the prolonged downward cycle is expected to extend until the end of the decade, with only a modest recovery after 2029. Evolution of International Spreads in relation to Br
Slide 29: Agenda
AGENDA Financial and operational highlights Financial and operational highlights Performance by segment Performance by segment Consolidated performance Consolidated performance Resilience and Transformation Program Resilience and Transformation Program Petrochemical Scenario Petrochemical Scenario 2
Slide 30: 2025 Priorities
2025 Priorities 1 Advance the implementation of asset transformation initiatives SAFE operations are and will always Implement contingency initiatives for the petrochemical cycle, focusing be Braskem's focus, 2 on financial preservation and cash flow being a NON- NEGOTIABLE VALUE IN OUR Promote the
Slide 31: Q&A
Q&A EARNINGS CONFERENCE CALL 3Q 2025 NOVEMBER 11, 2025 PUBLIC
Slide 32: Earnings Conference Call 3Q 2025
EARNINGS CONFERENCE CALL 3Q 2025 NOVEMBER 11, 2025 Investor Relations IR Website: https://www.braskem-ri.com.br/ E-mail: braskem-ri@braskem.com Phone: +55 (11) 3576-9531 PUBLIC 32 | PÚBLICO