Braskem S.a. · BMFBOVESPA:BRKM3
Braskem — Q4 2024 Earnings Presentation
23 slides from Braskem's earnings presentation, Feb 27, 2025
Slide 1: Earnings Conference Call 4th Quarter
EARNINGS CONFERENCE CALL 4th QUARTER FEBRUARY 27, 2025
Slide 2: Disclaimer Regarding Forward-Looking Statements
4Q24 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 Scenario Perspective Scenario Perspective Strategic Direction 2025-2027 Strategic Direction 2025-2027
Slide 4: 4Q24 and 2024 Financial Highlights
4Q24 and 2024 Financial Highlights Recurring EBITDA of US$102 million, in the year US$1.1 billion, 46% increase compared to 2023 Operating Cash Recurring EBITDA Generation Indebtedness Profile 4Q24 US$ 204 MM ~9 years R$1.1 bi 68% after 2030 4Q24 US$ 102 MM 2024 US$ 788 MM R$557 MM Cash Position² R$
Slide 5: 2024 Operational Highlights
2024 Operational Highlights Operational safety level aligned with market standards, while maintaining operating levels Utilization rate Operations Security | CAF + SAF¹ 2024 vs. 2023 2024 0.91 +1 p.p. Brazil (events/1MM HHT²) +7 p.p. Green Ethylene - 16% vs. 2023 -7 p.p. USA & Europe +1 p.p. Mexico
Slide 6: Agenda
AGENDA Financial and Operational Highlights Financial and Operational Highlights Performance by Segment Scenario Perspective Scenario Perspective Strategic Direction 2025-2027 Strategic Direction 2025-2027
Slide 7: 4Q24 and 2024 Performance | Brazil
4Q24 e 2024 Performance | Brazil The segment's recurring EBITDA was US$889 MM in 2024, 101% higher than in 2023, mainly due to better spreads and the impact of the Brazilian Real depreciation against U.S. Dollar Utilization Rate of Petrochemical Plants Recurring EBITDA (% of ethylene capacity utiliz
Slide 8: 4Q24 and 2024 Performance | Green PE
4Q24 e 2024 Performance | Green PE Historical record sales of Green PE in 2024, with the sale of 191 thousand tons of bio-based resin, 23% higher than the previous year Green Ethylene Utilization Rate Green PE Sales (% of Green Ethylene capacity utilization)¹ (in thousand tons) Operational instabili
Slide 9: 4Q24 and 2024 Performance | USA & Europe
4Q24 e 2024 Performance | USA & Europe The lower level of sales and spreads in the international market were the main factors for the lower recurring EBITDA, which accumulated a reduction of 34% in the year compared to 2023 Utilization Rate of USA & European plants Recurring EBITDA (% of average uti
Slide 10: 4Q24 and 2024 Performance | Mexico
4Q24 e 2024 Performance | Mexico In Mexico, Recurring EBITDA was US$208 MM in 2024, 106% higher compared to 2023, mainly due to the increased sales volume and higher level of PE spreads Average Utilization Rate of Mexico's Plants Recurring EBITDA (% of average PE capacity utilization) (in US$ millio
Slide 11: 4Q24 and 2024 Performance | EBITDA
4Q24 e 2024 Performance | EBITDA Annual EBITDA of US$1.1 billion, 46% higher compared to 2023 Consolidated Recurring EBITDA (in US$ million) PETROCHEMICAL INDUSTRY SPREADS Higher spreads compared to 2023: 2023 2024 PE Brazil: + 20% 743 1,083 PE Mexico: + 17% Main Chemicals Brazil: + 2% 432 • Lower e
Slide 12: 4Q24 and 2024 Performance | Cash Flow
4Q24 and 2024 Performance | Cash Flow Sequential recovery of cash generation, ending the year with R$4.1 billion in operating cash generation and R$499 million in recurring cash consumption Cash Flow in 4Q24 (in R$ million) 5.759 1.109 (2.623) (117) 4.127 (4.261) (635) 203 67 (499) (2.569) (3.068) R
Slide 13: 4Q24 Performance | Indebtedness
4Q24 Performance | Indebtedness Focus on maintaining the debt long term profile, cost reduction and constant evaluation of financing alternatives Debt Indicators Debt Profile (US$ million) 12/31/20241 Adjusted Net Debt (ex-Braskem Idesa): ~US$6.3 bilhões3 Total cash Total debt Principal Interest SLL
Slide 14: 4Q24 Updates | Alagoas
4Q24 Updates | Alagoas Update on the closure front and monitoring of salt cavities¹ Status of 12/31/2024 Closing Technique # Status Comments 6 cavities with the fill completed 7 17 19 4 11 25 Solid material 4 cavities are in the process of filling 8 cavities are in the preparation and planning phase
Slide 15: 4Q24 Updates | Alagoas Provisions
4Q24 Updates | Alagoas Provisions Status of 12/31/2024 Total Amount and Balance of Provisions1 (R$ billion) Disbursements Other obligations to pay 17.7 Current Liabilities: 44% Non-current Liabilities: 56% (12.0) 5.6 (0.8) 0.6 (12.7) Total amount of provisions Disbursements and Realization of the pr
Slide 16: 4Q24 and 2024 Updates | 2024 Priorities
4Q24 and 2024 Updates | 2024 Priorities 2024 PRIORITIES PROGRESS IN 2024 Cavities closure plan update, including in the provision actions, if RESILIENCE AND FINANCIAL HEALTH Commitments necessary, to ensure that the 35 cavities reach a maintenance- established in Maceió 2024 Deliverables Action fron
Slide 17: Agenda
AGENDA Financial and Operational Highlights Financial and Operational Highlights Performance by Segment Performance by Segment Scenario Perspective Strategic Direction 2025-2027 Strategic Direction 2025-2027
Slide 18: Outlook for the future | 1Q25 vs. 4Q24
Outlook for the future | 1Q25 vs. 4Q24 1Q25 vs. 4Q24 Brazil USA & Europe Mexico Increase in the consolidated utilization rate Increase in the utilization rate in the USA and Utilization Increased utilization rate due to the stable explained by (i) the absence of planned events; Europe, due to (i) no
Slide 19: Agenda
AGENDA Financial and Operational Highlights Financial and Operational Highlights Performance by Segment Performance by Segment Scenario Perspective Scenario Perspective Strategic Direction 2025-2027
Slide 20: Strategic Direction 2025-2027
Strategic Direction 2025-2027 Action Pillars 2 3 Resilience and financial health Transformation Implement tactical initiatives to mitigate the Implement actions to support the current business impacts of the industry's down cycle REDUCTION INCREASE MIGRATION NAFTA BASE GAS BASE TO GREEN Implementati
Slide 21: Strategic Direction 2025-2027: Gas-based capacity expansion
Strategic Direction 2025-2027 3 Transformation INCREASE Implementation of gas-based capacity expansion projects GAS BASE EXPANSION PROJECT OF THE RIO DE JANEIRO PETROCHEMICAL COMPLEX (DCX) Studies to expand the gas-based capacity RIO DE JANEIRO The Company PETROCHEMICAL COMPLEX Initial studies appro
Slide 22: 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 c
Slide 23: Earnings Conference Call 4th Quarter 2024
EARNINGS CONFERENCE CALL 4TH QUARTER 2024 FEBRUARY 27TH,2025 Investor Relations IR Website: https://www.braskem-ri.com.br/ E-mail: braskem-ri@braskem.com Phone: +55 (11) 3576-9531 Logo and Brand Assets — Spotify PUBLIC 23 | PÚBLICO