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Earnings Conference Call – 2Q07
José Carlos Grubisich    Carlos Fadigas




                                          1
Forward-looking Statements


This presentation contains forward-looking statements. Such statements are not statements
of historical facts, and reflect the beliefs and expectations of Braskem’s management. The
words “anticipates”, “wishes”, “expects”, “estimates”, “intends”, “forecasts”, “plans”,
“predicts”, “projects”, “targets” and similar words are intended to identify these
statements. Although Braskem believes that expectations and assumptions reflected in the
forward-looking statements are reasonable based on information currently available to
Braskem’s management, Braskem cannot guarantee future results or events.

Forward-looking statements included in this presentation speak only as of the date they are
made (June 30, 2007), and the Company does not undertake any obligation to update them
in light of new information or future developments.



Braskem shall not be responsible for any transaction or investment decisions that are taken
based on information included in this presentation.



                                                                                              2
Braskem
Growth and profitability accelerated by the acquisition



          2Q07 (LTM) EBITDA Margin of 19%

      Net Revenue                                      US$ MM                          EBITDA                             US$ MM

                                                         8,744



                                               5,388                                                                       1,671
                                    4,769
                          3,771
                                                                                                   871      851
                3,008
                                                                                                                   758
      2,375                       34%                                                       581
                                  CAGR                                                                    33%
                                                                                     457
                                                                                                          CAGR




      2002       2003      2004      2005       2006      2T07*                      2002   2003   2004     2005   2006    2T07*
                                                           LTM                                                              LTM
                                                                      EBITDA
                                                                      margin         19%     19%    23%      18%   14%      19%

* 2Q07 LTM – Consolidated Braskem Pro Forma – Other periods with real information.
Source: Braskem                                                                                                                    3
Braskem: Highlights of 2Q07
Important strategic events


 •    Braskem launches the first green polyethylene in the world

 •    Acquisition of Ipiranga’s petrochemical assets
        –   The acquisition of Ipiranga Petroquímica minorities was concluded
        –   CVM announces that a public tender offer (“OPA”) for Copesul shares is not required
        –   Braskem awaits CVM approval for the publication of the OPA notice

 •    Odebrecht capitalizes Braskem’s debentures in the amount of R$ 1.2 billion
        –   BNDESPar exchanges Odebrecht’s debentures for Braskem’s Class A Preferred Shares

     CONTROLLING              79.2% 44.4%                                      FREE FLOAT            12.3% 44.9%
     SHAREHOLDER

     ODEBRECHT                NORQUISA*               PETROQUISA               BNDESPAR              OTHERS**
     59.4% 37.3%              19.8% 7.1%              8.1% 6.8%               0.0%   7.4%           12.3% 37.5%




 *Odebrecht has 100% of Norquisa
                                                                         % Voting Capital         % Total Capital
**Does not include treasury shares (3.7% of total)
                                                                                                                    4
Braskem
Higher capacity coupled with higher operating reliability leverage our
production volumes



      Capacity Utilization Rate                   %

              Ethylene                    pp                  PE                 PVC
                  96%    96%              96%    97%
                                    96%
                                                        92%          92%          92%
          91%                                                 91%                       88%
                                                                           78%




         2Q06 1Q07      2Q07       2Q06 1Q07 2Q07       2Q06 1Q07 2Q07     2Q06 1Q07 2Q07



      Production Volume – 1H07 x 1H06 %                        +10%
                                                       +8%
                                  +5%
                                           +3%



                               Ethylene    PE          PP          PVC
Source: Braskem
                                                                                              5
Braskem
Strengthening of our market leadership




      Sales Volume – 2Q07 x 1Q07               %       Resins Market Share - 1H07


      +9%         +9%                +9%
                              +7%                         Others
                                              +6%
                                                                    34%
                                                                           50%

                                                                     16%

                                                          Imports
      PE           PP         PVC   Braskem   Market
                                     Resins




* Domestic Sales + Imports
  Source: Braskem / Abiquim
                                                                                    6
Braskem Figures - 2Q07 x 2Q06
   Evolution of Operating and Financial performance



      Net Revenue                     R$ million
                                      R$ million   EBITDA                       R$ million
                                                                                R$ million
                                                                                 R$ million       Net Income                  R$ million
                                                                                                                              R$ million
                                                                                                                               R$ million



                               4.969                                      921

                4.048                                     562
                                                                                                                            281
                        +23%                                      +64%
                                                                                                              (55)


                2Q06           2Q07                        2Q06           2Q07*                               2Q06          2Q07




      Exports                        US$ million   EBITDA                       US$ million       Net Debt/EBITDA                  X LTM


                               675
                                                                          465                               2,18
                496
                                                          257                                                               1,49
                        +36%                                      +81%                                               -32%




                2Q06           2Q07                       2Q06            2Q07 *                             Mar            Jun
     % of                                                                                                    07              07
Net Operating   27%            27%
  Revenues

    Source: Braskem                                 * Includes R$ 111 MM (US$ 56 MM) of non-recurring revenues in 2Q07
                                                                                                                                            7
Braskem: EBITDA Evolution – 2Q07 vs. 2Q06
Price increase surpass costs with naphtha


                                                                 271
                                                                         Foreign Exchange
R$ million                              111                              impact on costs

                                                                                   Foreign
                            130                                                    Exchange
                                                                                   impact on
                  743                                                              revenue
                                                                         (429)


                                                                                               921
                                                    (391)
                                                               (158)
                                                                                 (76)
     562




                                    Non-recurring
                                                     Raw                         Costs/
   2Q06           Prices   Volume     Pis/Cofins
                                                    Material
                                                               FX Rate
                                                                                 SG&A
                                                                                               2Q07
                                      Revenue
Source: Braskem
                                                                                                      8
Braskem: EBITDA Evolution – 2Q07 vs. 1Q07
Commercial Performance surpass costs with naphtha price increase


 R$ million                             111          16                 172
                                                                                  Foreign Exchange
                            190                                                   impact on costs
                                                                                           Foreign
                                                                                           Exchange
                  374                                                                      impact on
                                                                                           revenue
                                                                                  (271)

                                                                                          921
      853
                                                             (524)
                                                                         (99)




                                    Non-recurring   Costs/    Raw       FX Rate
   1Q07           Prices   Volume     Pis/Cofins    SG&A     Material                     2Q07
                                      Revenue
Source: Braskem
                                                                                                       9
Braskem: Economic and Financial Performance
Operating performance and improved financial results leverage Net Income




                                                                                     R$ million



                                         2Q07    2Q06    Change. %   1H07    1H06    Change. %
              Main Figures                                (A)/(B)                     (C)/(D)
                                          (A)     (B)                 (C)     (D)

                  Net revenue            4,969   4,048     23%       9,393   8,022     17%

                  EBITDA                 921     562       64%       1,774   1,290     37%

                  EBITDA Margin          18.5%   13.9%   +4.6 pp     18.9%   16.1%   +2.8 pp

                  Net Financial Result   (59)    (317)    -81%       (163)   (357)     -54%

                  Net Income             281     (55)       -        408      92      344%




Source: Braskem
                                                                                                  10
Braskem
The largest petrochemical company in Latin America




       Gross Revenue                                     Net Revenue               EBITDA



    US$ 11.0 bi                                       US$ 8.7 bi                US$ 1.7 bi


                                       Exports                         Assets



                              US$ 2.4 bi                         US$ 10.3 bi

Note Amounts on 06/30/07 – Pro forma basis: last twelve months
Source: Braskem                                                                              11
Earnings Conference Call - 2Q07
José Carlos Grubisich    Carlos Fadigas




                                          12

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Braskem presentation 2_q07_20091201_en

  • 1. Earnings Conference Call – 2Q07 José Carlos Grubisich Carlos Fadigas 1
  • 2. Forward-looking Statements This presentation contains forward-looking statements. Such statements are not statements of historical facts, and reflect the beliefs and expectations of Braskem’s management. The words “anticipates”, “wishes”, “expects”, “estimates”, “intends”, “forecasts”, “plans”, “predicts”, “projects”, “targets” and similar words are intended to identify these statements. Although Braskem believes that expectations and assumptions reflected in the forward-looking statements are reasonable based on information currently available to Braskem’s management, Braskem cannot guarantee future results or events. Forward-looking statements included in this presentation speak only as of the date they are made (June 30, 2007), and the Company does not undertake any obligation to update them in light of new information or future developments. Braskem shall not be responsible for any transaction or investment decisions that are taken based on information included in this presentation. 2
  • 3. Braskem Growth and profitability accelerated by the acquisition 2Q07 (LTM) EBITDA Margin of 19% Net Revenue US$ MM EBITDA US$ MM 8,744 5,388 1,671 4,769 3,771 871 851 3,008 758 2,375 34% 581 CAGR 33% 457 CAGR 2002 2003 2004 2005 2006 2T07* 2002 2003 2004 2005 2006 2T07* LTM LTM EBITDA margin 19% 19% 23% 18% 14% 19% * 2Q07 LTM – Consolidated Braskem Pro Forma – Other periods with real information. Source: Braskem 3
  • 4. Braskem: Highlights of 2Q07 Important strategic events • Braskem launches the first green polyethylene in the world • Acquisition of Ipiranga’s petrochemical assets – The acquisition of Ipiranga Petroquímica minorities was concluded – CVM announces that a public tender offer (“OPA”) for Copesul shares is not required – Braskem awaits CVM approval for the publication of the OPA notice • Odebrecht capitalizes Braskem’s debentures in the amount of R$ 1.2 billion – BNDESPar exchanges Odebrecht’s debentures for Braskem’s Class A Preferred Shares CONTROLLING 79.2% 44.4% FREE FLOAT 12.3% 44.9% SHAREHOLDER ODEBRECHT NORQUISA* PETROQUISA BNDESPAR OTHERS** 59.4% 37.3% 19.8% 7.1% 8.1% 6.8% 0.0% 7.4% 12.3% 37.5% *Odebrecht has 100% of Norquisa % Voting Capital % Total Capital **Does not include treasury shares (3.7% of total) 4
  • 5. Braskem Higher capacity coupled with higher operating reliability leverage our production volumes Capacity Utilization Rate % Ethylene pp PE PVC 96% 96% 96% 97% 96% 92% 92% 92% 91% 91% 88% 78% 2Q06 1Q07 2Q07 2Q06 1Q07 2Q07 2Q06 1Q07 2Q07 2Q06 1Q07 2Q07 Production Volume – 1H07 x 1H06 % +10% +8% +5% +3% Ethylene PE PP PVC Source: Braskem 5
  • 6. Braskem Strengthening of our market leadership Sales Volume – 2Q07 x 1Q07 % Resins Market Share - 1H07 +9% +9% +9% +7% Others +6% 34% 50% 16% Imports PE PP PVC Braskem Market Resins * Domestic Sales + Imports Source: Braskem / Abiquim 6
  • 7. Braskem Figures - 2Q07 x 2Q06 Evolution of Operating and Financial performance Net Revenue R$ million R$ million EBITDA R$ million R$ million R$ million Net Income R$ million R$ million R$ million 4.969 921 4.048 562 281 +23% +64% (55) 2Q06 2Q07 2Q06 2Q07* 2Q06 2Q07 Exports US$ million EBITDA US$ million Net Debt/EBITDA X LTM 675 465 2,18 496 257 1,49 +36% +81% -32% 2Q06 2Q07 2Q06 2Q07 * Mar Jun % of 07 07 Net Operating 27% 27% Revenues Source: Braskem * Includes R$ 111 MM (US$ 56 MM) of non-recurring revenues in 2Q07 7
  • 8. Braskem: EBITDA Evolution – 2Q07 vs. 2Q06 Price increase surpass costs with naphtha 271 Foreign Exchange R$ million 111 impact on costs Foreign 130 Exchange impact on 743 revenue (429) 921 (391) (158) (76) 562 Non-recurring Raw Costs/ 2Q06 Prices Volume Pis/Cofins Material FX Rate SG&A 2Q07 Revenue Source: Braskem 8
  • 9. Braskem: EBITDA Evolution – 2Q07 vs. 1Q07 Commercial Performance surpass costs with naphtha price increase R$ million 111 16 172 Foreign Exchange 190 impact on costs Foreign Exchange 374 impact on revenue (271) 921 853 (524) (99) Non-recurring Costs/ Raw FX Rate 1Q07 Prices Volume Pis/Cofins SG&A Material 2Q07 Revenue Source: Braskem 9
  • 10. Braskem: Economic and Financial Performance Operating performance and improved financial results leverage Net Income R$ million 2Q07 2Q06 Change. % 1H07 1H06 Change. % Main Figures (A)/(B) (C)/(D) (A) (B) (C) (D) Net revenue 4,969 4,048 23% 9,393 8,022 17% EBITDA 921 562 64% 1,774 1,290 37% EBITDA Margin 18.5% 13.9% +4.6 pp 18.9% 16.1% +2.8 pp Net Financial Result (59) (317) -81% (163) (357) -54% Net Income 281 (55) - 408 92 344% Source: Braskem 10
  • 11. Braskem The largest petrochemical company in Latin America Gross Revenue Net Revenue EBITDA US$ 11.0 bi US$ 8.7 bi US$ 1.7 bi Exports Assets US$ 2.4 bi US$ 10.3 bi Note Amounts on 06/30/07 – Pro forma basis: last twelve months Source: Braskem 11
  • 12. Earnings Conference Call - 2Q07 José Carlos Grubisich Carlos Fadigas 12