Braskem's 2009 results

1. Meeting with
Investors
4Q09 Results
Bernardo Gradin
CEO
Carlos Fadigas
CFO
Luciana Ferreira
IRO

2. Forward-looking Statements
This presentation contains forward-looking statements. These statements are statements that are not
historical facts, and are based on management’s current view and estimates of future economic
circumstances, industry conditions, company performance and financial results. The words "anticipates",
"believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are
intended to identify forward-looking statements. Statements regarding the declaration or payment of
dividends, the implementation of principal operating and financing strategies and capital expenditure
plans, the direction of future operations and the factors or trends affecting financial condition, liquidity
or results of operations are examples of forward-looking statements. Such statements reflect the current
views of management and are subject to a number of risks and uncertainties. There is no guarantee that
the expected events, trends or results will actually occur. The statements are based on many
assumptions and factors, including general economic and market conditions, industry conditions, and
operating factors. Any changes in such assumptions or factors could cause actual results to differ
materially from current expectations.
The forward-looking statements in this presentation are valid only on the date they are made (December
31, 2009) and the Company does not assume any obligation to update them in light of new information
or future developments
Braskem is not responsible for any transaction or investment decision taken based on the information in
this presentation.
2

3. Agenda
4Q09 Results
Growth with Value Creation
3

4. Agenda
4Q09 Results
Growth with Value Creation
4

5. Global Scenario
Recovery of resins and basic petrochemicals prices in the 4Q09:
Increase in naphtha and oil prices
Operational problems and feedstock availability (winter season)
Recovery of Chinese demand and developed markets
Delays in the startups of new capacities, planned maintenance shutdowns and
continued operational problems favor the short term scenario
However, other factors may lead to a new downward trend in prices:
Credit restriction announced by the Chinese government
Sustainability of the European demand recovery
High unemployment rates in the USA negatively impacting the recovery in
consumption
Additionally, the announcement of new capacities exceed the growth in world
demand, which shall impact the profitability of the global petrochemical industry in
2010 and 2011
Source: Braskem / CMAI 5

6. Regional Scenario
Braskem plants(a) operating at high rates
The recovery of domestic demand for thermoplastic resins, intensified during
2H09, has led to a 1% growth in annual demand, which reached 4,2(b) million tons
4Q09 was not affected by seasonal downward cycle, consolidating the recovery
in the Brazilian market
Brazilian demand for finished goods remains strong in the beginning of 2010, which
should support higher prices in the region, following the upward trend in
international prices
Argentina, after a seasonally weak period, shows signs of recovery in both prices
and demand
(a) Not including Quattor and Sunoco assets
(b) Braskem estimates, as Abiquim did not disclose the Brazilian apparent consumption data.
Source: Braskem / CMAI 6

7. Highlights
Resins production increased 10% in 2009, reaching 3.1 million tons
Olefins and aromatics sales grow more than 20% in 2009
Recovery in the domestic market and new opportunities in international
markets
Record production in 2Q09 and 3Q09
EBITDA reaches R$ 2.5 billion in 2009 with margin of 16.2%, 2.83 p.p. higher than
2008
Braskem, in association with IDESA, announces an integrated project in Mexico for
the production of 1 million ton/year of ethylene and 1 million ton/year of PEs
In January 2010, Braskem announced the acquisition of Quattor, becoming the
leading thermoplastic resins producer in the Americas
And ten days later, the Company announced the acquisition of polypropylene
assets belonging to Sunoco Chemicals, an important step in its internationalization
process
Source: Braskem 7

8. Braskem still operating at high rates
Capacity Utilization %
ETHYLENE PE PP PVC
97% 94% 98% 95% 96% 99%
93% 90% 90%
73% 65% 69%
4Q08 3Q09 4Q09 4Q08 3Q09 4Q09 4Q08 3Q09 4Q09 4Q08 3Q09 4Q09
Resins Production Kton
857 815 Even with the reduction in operating
626 rates compared to the 3Q09,
-5%
crackers and 2nd generation units still
present good operating performance
in 4Q09
4Q08 3Q09 4Q09
Source: Braskem 8

9. Health, Safety and Environmental Results
Strong Improvement since 2002
Total Recordable Cases Accidents Rate Effluents Water Consumption
(employees and contractors – 1.000.000 mh) (m3/t) (m3/t)
-54% -27%
5.12 -83% 2.71 5.49
2002 2002 2002
0.88 1.23 4.02
2009 Brazil CI: 2.8 2009 World CI: 27.8 2009
Brazil CI: 11.8
Lost Time Cases Accidents Rate Solid & Liquid Residues Energy Consumption
(employees and contractors – 1.000.000 mh) (kg/t) (GJ/t)
0.85 -79 % 9.93 -72% 11.96 -6%
2002
2002 2002
0.18 2.76 11.22
World CI: 3.9 2009 Brazil CI: 11.9 2009 Brazil CI: 7.4 2009
2008 Brazilian Chemical Industry data (Abiquim 2009)
Source: Braskem 2007 World Chemical Industry data (ICCA, 2009)

10. Demand stability in 4Q09 reflects good
performance of the sectors
+16%
0%
Apparent Consumption
1,120 1,087 1,157 1,151
1,056 1,060
910 902
(000 tons)
1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09
DURABLE GOODS
8%
AGRIBUSINESS
Sectors related to 5%
consumer goods
have driven the
demand for
thermoplastic resins CONSTRUCTION
CONSUMER GOODS 21%
56%
INDUSTRIAL
6%
OTHERS
4% 10
Source: Abiquim, Braskem estimates

11. Seasonal slowdown didn’t occur in 4Q09
and market grows in 2009
Domestic Sales in 2009 vs. 2008 %
9%
0% 1%
-2%
-8%
PE PP PVC Total Brazilian
Resins Market*
* Braskem estimates: Domestic sales + Imports
Source: Braskem 11

12. EBITDA
Prices increases are not sufficient to offset higher costs and
lower sales volume
R$ million
FX impact on
203 costs
FX impact on
73 Revenues (324)
287
838 (217)
(112)
(121) 614
(69)
(65)
EBITDA Price Tax Raw Other FX Volume Fixed Cost/ EBITDA
3Q09 Renegotiation Material Variable SG&A 4Q09
Program Costs Others
Source: Braskem 12

13. Main Economic Indicators
R$ million
Main Economic 4Q09 3Q09 4Q08 Chg. % Chg. % 2009 2008 Chg. %
Indicators (A) (B) ( C) (A)/(B) (A)/( C) (D) (E) (D)/(E)
Net Revenue 4,253 4,047 4,273 5 0 15,248 18,541 (18)
EBITDA 614 838 577 (27) 6 2,475 2,485 0
Ebitda Margin 14.4% 20.7% 13.5% -6.3 p.p. 0.9 p.p. 16.2% 13.4% 2.8 p.p.
Net Financial Result (655) 243 (2,250) - (71) 572 (3,696) -
Net Income (893) 645 (2,138) - (58) 917 (2,457) -
Source: Braskem 13

14. Comfortable cash position covers
2 years of debt amortization
R$ Million (12/31/09)
Gross Debt: 9,760
Net Debt / EBITDA (x) R$ Net Debt / EBITDA (x) US$
Net Debt: 6,612
Average Term: 9.5 years
-3% -7%
2.74 2.67 3.21 2.98
64% of debt pegged to USD
3,148
Sep 09 Dec 09 Sep 09 Dez 09
1,295
19%
17%
13% 12%
12% 12%
1,854 1,834 9%
1,642 6%
1,267 1,213 1,163 1,224
871
585
12/31/09 2010 2011 2012 2013 2014/ 2016/ 2018/ 2020
2015 2017 2019 onwards
In US$
In R$
Source: Braskem 14

15. Agenda
4Q09 Results
Growth with Value Creation
15

16. Petrochemical Cycle
Downcycle less severe than expected
Points of concern Potential positive factors
Frequent delays in new capacities
Uncertainty regarding the extent of Operational and logistics problems
the global economic recovery
Increased economic importance of
Incentives to sustain supply buildup emerging countries with relevant
China: import substitution Supply & Demand domestic consumption, as Brazil and
Balance China
New ethylene and resins
capacities in the Middle East Supply-demand geographical
Stronger activity of capital imbalance leads to logistics barriers
investors in the commodity market Opportunities from assets on sale
Limited utilization rates helps to
balance the market
Source: CMAI 16

17. Global supply of ethylene
2009 expected utilization rate:
Kton
45,000 90%
84% 80%
40,000 74% Lower global demand
35,000
30,000
25,000 growth and new
20,000
15,000 capacity additions
10,000
5,000 expected to come on
0
North Europe Middle East Asia
stream limiting the
America
utilization rates of the
Nameplate Capacity Effective Production
actual players
New ethylene capacity additions globally (Mton):
New capacity additions
12
10
could be delayed
8
6
4
Delayed
2
Go ahead
0
2009 2010 2011 2012 2013 Source: Parpinelli Tecnon / CMAI / SRI 17

18. Strategic direction
Vision 2020: Leader in the
Americas, rank among the 5
largest petrochemical
companies worldwide and to
be positioned as the preferred
partner for global alliances
Source: Braskem * Enterprise Value 18

19. Drivers of the strategic direction
Raw material
availability and
energy at low cost
Technological Corporate
Autonomy Differentiation
People
International Diversification of
Expansion in Products and
Attractive Markets Businesses
Source: Braskem 19

20. Benefits and strategic drivers of the
acquisitions
Quattor:
Creation of a world scale player
Diversification of feedstock supply
Scale increase and geographic complementarities
Operational synergies
Strategic alignment with Petrobras: Comperj and Suape participation
Value creation for all shareholders
Sunoco:
Internationalization through the acquisition of an important player in the north american
market
World scale player, technologically upgraded and with access to competitive feedstock
Development of global production base in a market with further industry consolidation
opportunities
Foothold in the U.S. enhancing market for greenfield projects in Latin America
The acquisition of Quattor and Sunoco’s PP assets reinforces Braskem objective of
being among the top 5 global petrochemical companies in the world
20

21. Braskem - # 1 Resin Producer in the
Americas, now with plants in the USA
Key Financials (2009 *):
Gross revenue R$ 27.5 billion Resins capacity (kton/year)
Net revenue R$ 21.2 billion 6,460
EBITDA R$ 3.1 billion
* Quattor LTM: Oct/08 to Sep/09
510
2,915
PVC
Profile:
PP
29 petrochemical plants : 26 in Brazil and PE
3 in the USA
Listed on 3 stock exchanges: 3,035
BM&FBovespa, NYSE and Latibex
Source: Braskem / Company estimates 21

22. Leader in the Americas and a top 8
global player in resins capacity
1th
6,460
510 5,307
4,827
4,256
4th
1,230 627
2,915
3,595
3,082
1,731 510
2,340 2,311
4,077 1,090 1,210 1,915
4,200 PVC
3,035 822 875 950
2,525 2,340 2,311 PP
1,995
1,050 1,040 950 PE
Braskem Exxon Dow Lyondell Braskem Formosa Shintech Chevron Quattor Sunoco
post Mobil Basell Philips
operations
10,914
9,311
8,668 8th
7,749 7,284 7,109
6,541 6,460
4,681 4,564 12th
4,303 4,079
3,595
Lyondell Exxon SINOPEC Dow Formosa SABIC Ineos Braskem Total IPIC Reliance PetroChina Braskem
Basell Mobil post
operations 22

23. Acquisitions don’t significantly change
leverage
Strong liquidity with cash and cash equivalents of approximately R$8 billion (US$4.3
billion)
Capital structure with significant leverage (Net Debt/EBITDA) of approximately 3x
Estimated Capital
Estimated Capital
Increase R$4.5bi –
Increase R$4.5bi –
Sunoco Chemicals
Quattor Acquisition
Acquisition
Cash & Cash Equiv. 8,065 7,435
Gross Debt 17,386 17,386
Net Debt 9,322 9,952
Net Debt / EBITDA 3.17x 3.23x
Considering capital increase of only R$3.5 billion, leverage level is still comfortable:
3.51 to 3.56x
Quattor data LTM Sep/09
Source: Braskem, Unipar and Sunoco 23

24. Current assets distribution and
projects location
Industrial Assets Greenfield Projects
Bahia - Brazil Rio Grande do Sul- Brazil
1 naphtha cracker 1 Green PE
3 PE
1 PP Alagoas – Brazil
1 PVC 1 PVC
1 Chlorine - Soda Mexico
Alagoas - Brazil 1 gas cracker
1 PVC 3 PE
1 Chlorine - Soda Peru
São Paulo - Brazil 1 gas cracker
1 naphtha cracker 1 PE
2 PP Venezuela
3 PE 1 gas cracker
1 PP
Rio de Janeiro - Brazil 1 PE
1 gas cracker
1 PP
3 PE
New Projects(1)
Rio Grande do Sul - Brazil with Petrobras
1 naphtha cracker
5 PE Comperj – RJ, Brazil
2 PP 1st and 2nd
generations
United States Suape – PE, Brazil
3 PP
Textile complex
(1)
Analysis of economic viability, in
Source: Braskem accordance to the Investment Agreement 24

25. Management’s main priorities
Continued strengthening of long-term relationship with Customers
Support to the Brazilian petrochemical chain sustainability
Implementation of the acquisition stages of Quattor and Sunoco Chemicals
Analysis of Braskem’s interest in the Suape (textile center) and Comperj
(1st e 2nd generation) projects
Construction of Green PE plant: on schedule and within planned Capex
Projects in Latin America: competitive feedstock
Assessment of selective acquisitions in North America
Support alliances with global companies
Prioritizing financial health and liquidity
Greater operational and financial strength
Internationalization
25

26. Meeting with
Investors
4Q09 Results
Bernardo Gradin
CEO
Carlos Fadigas
CFO
Luciana Ferreira
IRO