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1Q10 Results
Conference Call

   May 14, 2010
Forward-looking Statements

This presentation contains forward-looking statements. These statements are not
historical facts and are based on management’s objectives and estimates. The
words "anticipate", "believe", "expect", "estimate", "intend", "plan", "project",
"aim" and similar words indicate forward-looking statements. Although we believe
they are based on reasonable assumptions, these statements are based on the
information currently available to management and are subject to a number of
risks and uncertainties.

The forward-looking statements in this presentation are valid only on the date
they are made (March 31, 2010) 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
Global Scenario

       Resin and basic petrochemical prices maintained the upward trend in 1Q10
           Higher raw material prices
           Strong demand from Asia
           Unscheduled stoppages
           Lower demand for gasoline limited operations at U.S. refineries
       Scheduled stoppages, operational problems and continuous use of light feedstock (crackers) help
       to balance the market, which should benefit petrochemical companies in 2Q10
       Key factors for second-half 2010
           New capacity in Asia and Middle East could pressure industry profitability after midyear
           World economy excessively dependent on government stimulus
           Feedstock prices impacted by volatility in capital markets
           Labor market still recovering
       In Brazil, demand should post double-digit growth, accompanying GDP, while prices should follow
       the trend in the international market
           Thermoplastic resin market in line with 4Q09, at 1,165(a) kton, with growth expected in 2Q10



(a) Company estimates, since Abiquim did not disclose apparent consumption figures of the Brazilian market
                                                                                                             3
Source: Braskem / CMAI
1Q10 Highlights

       EBITDA 1Q10 of R$ 729 million, up 19% from 4Q09 and margin of 16.3%

       Approved by U.S. anti-trust agencies the acquisition of the PP assets of Sunoco Chemicals

       Capital increase of R$ 3.74 billion

       Conclusion of Quattor Participações acquisition

       Funding of some US$ 1 billion, of which US$ 400 million through 10-year bonds at 7% and the pre-
       payment of US$ 530 million due in 5 years

       Approval of PVC Project by the Board of Directors, with NPV of US$ 450 million

       Change in scope of the Venezuela Project

           Investment reduction in Propilsur from US$ 1.2 billion to US$ 500 million, using the propylene
           available from the Paraguaná complex




Source: Braskem                                                                                             4
Domestic market performance


         Domestic Sales 1Q10 vs. 4Q09                      %        Domestic Sales 1Q10 vs. 1Q09             %

                                                                                      60%


                                                                             35%              32%      28%
                                                                   20%
                                   2%
                                                         0%



                                                 -1%               PE                PVC     Total    Brazilian
        -2%                                                                  PP
                                                                                             Resins   Market*
                      -3%

                                             Total     Brazilian
        PE           PP          PVC
                                             Resins    Market*


   1Q10 Sales practically unchanged from                                Stronger sales reflect recovery from
                   4Q09                                                       global crisis as of 2Q09

 * Braskem estimates: Domestic sales + Imports

Source: Braskem                                                                                                   5
EBITDA
 Better contribution margin and FX gains more than
 offset lower sales volume

   R$ million
                                                     FX impact on
                                                     revenue
                                            152

                                            FX impact    (99)
                                             on costs

                                                53                                    729
                                   76
                      614                                   (12)           (2)




                  EBITDA    Contribution   FX           Volume      Fixed Costs   EBITDA
                   4Q09       Margin                                   SG&A        1Q10
                                                                      Others                6
Source: Braskem
Main Economic Indicators

                                                                                                             R$ million

                                                                    1Q10      4Q09      1Q09      Change       Change
      Key Indicators
                                                                     (A)       (B)       (C)      (A)/(B)      (A)/(C)
      Net Revenue                                                    4,466     4,253     3,260          5%          37%

      EBITDA                                                          729       614       457          19%          59%

      EBITDA Margin                                                  16.3%     14.4%     14.0%     1.89 p.p.    2.29 p.p.


                                                                    1Q10      4Q09      1Q09      Change       Change
      Financial Result
                                                                     (A)       (B)       (C)      (A)/(B)      (A)/(C)
      Net Financial Result                                            (645)    (655)      (208)        -2%         210%

      Foreign Exchange Variation (FX) and Monetary Variation (MV)     (205)     103        34        -299%        -706%

      Financial Result excluding FX and MV                            (440)    (758)      (242)       -42%          82%

      Interest Expenses                                               (105)    (118)      (124)       -11%         -15%

      Tax Liability                                                   (262)    (577)       (18)       -55%               -

      Others                                                           (74)      (63)     (100)        16%         -26%




Source: Braskem                                                                                                              7
Main Economic Indicators - Consolidated


                                                                                                     R$ million


  Key Financial Numbers - 1Q10
                                                                  Braskem                    EBITDA LTM:
      Principais Números               Braskem        Quattor                 Consolidado
                                                                  America                    R$3,496MM
  Net Revenue                                4,466       1,233          547         6,245    (US$1,871MM)
  EBITDA                                       729         109            *
                                                                         65           903      - Braskem:
  EBITDA Margin                              16.3%         8.8%       11.9%         14.5%    R$2,746MM
  Financial Result                            (645)       (233)           -          (878)     - Quattor: R$607MM
  Net Profit / Loss                           (123)       (767)          38          (852)     - Sunoco: R$143MM




Source: Braskem   * Non-recurring of R$18 million                                                                   8
Comfortable cash position covers
2 years of debt amortization
      In R$ million (3/31/10)
                                                     Dívida Líq. / EBITDA (x) R$
                                                      Net Debt / EBITDA (x) US$              Net Debt/ EBITDA (x) US$
   Gross Debt: 9,810
         Debt:
   Net Debt:   6,500                                              -12%                          2.98     -18%
                                                        2.67                                                      2.47
   Avg. Term: 9.7 years                                                     2.37

   65% of debt pegged to USD

                3,311

                                                      Dec 09              Mar 10              Dec 09             Mar 10



                1,577

                                      17%
                                                                         16%
                                                          15%
                                              13%                                            13%
                             11%
                1,734                                                                                    9%
                             312 *   1,684                1,466
                                             1,296                       1,548         6%
                                                                                            1,252
                             786                                                                         891
                                                                                   611


              03/31/10       2010    2011    2012         2013           2014/     2016/    2018/        2020
                Cash                                                     2015      2017     2019       onwards
                                              (1) Does not include transaction costs
               Invested in R$
                                              * Debentures of 13th issue due June, 2010
               Invested in US$
                                                                                                                 Source: Braskem 9
Comfortable level of leverage

        Better operational performance reduces leverage ratio to 3.12x in 1Q10
        Liquidity still high, with cash around R$ 6 billion



                                         R$3.74bi Capital Increase      R$3.74bi Capital increase
                                            + Quattor + Sunoco             + Quattor + Sunoco
                                              EBITDA in 2009             EBITDA in LTM at 1Q10

                 Gross Debt                       17,131                         17,176

                 Cash & Cash Equiv.               6,231                          6,267

                 Net Debt                         10,900                         10,909

                 EBITDA                           3,150                          3,495

                 Net Debt / EBITDA                3.46x         - 10%            3.12x



Source: Braskem, Unipar and Sunoco Inc                                                              10
Investments in 2010 amount to R$1.6 bi


  2010 Estimated Investments                       PVC Alagoas Expansion
          In millions of R$                     Startup: 1st semester 2012
                                                  Capacity addition of 200 kton/y of PVC in
                                                  Alagoas: 1 MVC plant and 1 PVC plant
        1,617
                                                  Investments of US$470 million
                  Green PE                        NPV Expected ~US$ 450 million
         254                                      Support to infrastructure projects in Brazil
                  Mexico
         72       Venezuela
         35
         52       PVC Alagoas
                                      BRASKEM

         462      Operational



                  Maintenance
         317
                  BRASKEM AMERICA
         56
                  QUATTOR
         360
                  QUANTIQ / VARIENT
         10


                                                                                                 11
1Q10 Results
Conference Call

   May 14, 2010

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Conference call presentation 1 q10 results

  • 2. Forward-looking Statements This presentation contains forward-looking statements. These statements are not historical facts and are based on management’s objectives and estimates. The words "anticipate", "believe", "expect", "estimate", "intend", "plan", "project", "aim" and similar words indicate forward-looking statements. Although we believe they are based on reasonable assumptions, these statements are based on the information currently available to management and are subject to a number of risks and uncertainties. The forward-looking statements in this presentation are valid only on the date they are made (March 31, 2010) 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. Global Scenario Resin and basic petrochemical prices maintained the upward trend in 1Q10 Higher raw material prices Strong demand from Asia Unscheduled stoppages Lower demand for gasoline limited operations at U.S. refineries Scheduled stoppages, operational problems and continuous use of light feedstock (crackers) help to balance the market, which should benefit petrochemical companies in 2Q10 Key factors for second-half 2010 New capacity in Asia and Middle East could pressure industry profitability after midyear World economy excessively dependent on government stimulus Feedstock prices impacted by volatility in capital markets Labor market still recovering In Brazil, demand should post double-digit growth, accompanying GDP, while prices should follow the trend in the international market Thermoplastic resin market in line with 4Q09, at 1,165(a) kton, with growth expected in 2Q10 (a) Company estimates, since Abiquim did not disclose apparent consumption figures of the Brazilian market 3 Source: Braskem / CMAI
  • 4. 1Q10 Highlights EBITDA 1Q10 of R$ 729 million, up 19% from 4Q09 and margin of 16.3% Approved by U.S. anti-trust agencies the acquisition of the PP assets of Sunoco Chemicals Capital increase of R$ 3.74 billion Conclusion of Quattor Participações acquisition Funding of some US$ 1 billion, of which US$ 400 million through 10-year bonds at 7% and the pre- payment of US$ 530 million due in 5 years Approval of PVC Project by the Board of Directors, with NPV of US$ 450 million Change in scope of the Venezuela Project Investment reduction in Propilsur from US$ 1.2 billion to US$ 500 million, using the propylene available from the Paraguaná complex Source: Braskem 4
  • 5. Domestic market performance Domestic Sales 1Q10 vs. 4Q09 % Domestic Sales 1Q10 vs. 1Q09 % 60% 35% 32% 28% 20% 2% 0% -1% PE PVC Total Brazilian -2% PP Resins Market* -3% Total Brazilian PE PP PVC Resins Market* 1Q10 Sales practically unchanged from Stronger sales reflect recovery from 4Q09 global crisis as of 2Q09 * Braskem estimates: Domestic sales + Imports Source: Braskem 5
  • 6. EBITDA Better contribution margin and FX gains more than offset lower sales volume R$ million FX impact on revenue 152 FX impact (99) on costs 53 729 76 614 (12) (2) EBITDA Contribution FX Volume Fixed Costs EBITDA 4Q09 Margin SG&A 1Q10 Others 6 Source: Braskem
  • 7. Main Economic Indicators R$ million 1Q10 4Q09 1Q09 Change Change Key Indicators (A) (B) (C) (A)/(B) (A)/(C) Net Revenue 4,466 4,253 3,260 5% 37% EBITDA 729 614 457 19% 59% EBITDA Margin 16.3% 14.4% 14.0% 1.89 p.p. 2.29 p.p. 1Q10 4Q09 1Q09 Change Change Financial Result (A) (B) (C) (A)/(B) (A)/(C) Net Financial Result (645) (655) (208) -2% 210% Foreign Exchange Variation (FX) and Monetary Variation (MV) (205) 103 34 -299% -706% Financial Result excluding FX and MV (440) (758) (242) -42% 82% Interest Expenses (105) (118) (124) -11% -15% Tax Liability (262) (577) (18) -55% - Others (74) (63) (100) 16% -26% Source: Braskem 7
  • 8. Main Economic Indicators - Consolidated R$ million Key Financial Numbers - 1Q10 Braskem EBITDA LTM: Principais Números Braskem Quattor Consolidado America R$3,496MM Net Revenue 4,466 1,233 547 6,245 (US$1,871MM) EBITDA 729 109 * 65 903 - Braskem: EBITDA Margin 16.3% 8.8% 11.9% 14.5% R$2,746MM Financial Result (645) (233) - (878) - Quattor: R$607MM Net Profit / Loss (123) (767) 38 (852) - Sunoco: R$143MM Source: Braskem * Non-recurring of R$18 million 8
  • 9. Comfortable cash position covers 2 years of debt amortization In R$ million (3/31/10) Dívida Líq. / EBITDA (x) R$ Net Debt / EBITDA (x) US$ Net Debt/ EBITDA (x) US$ Gross Debt: 9,810 Debt: Net Debt: 6,500 -12% 2.98 -18% 2.67 2.47 Avg. Term: 9.7 years 2.37 65% of debt pegged to USD 3,311 Dec 09 Mar 10 Dec 09 Mar 10 1,577 17% 16% 15% 13% 13% 11% 1,734 9% 312 * 1,684 1,466 1,296 1,548 6% 1,252 786 891 611 03/31/10 2010 2011 2012 2013 2014/ 2016/ 2018/ 2020 Cash 2015 2017 2019 onwards (1) Does not include transaction costs Invested in R$ * Debentures of 13th issue due June, 2010 Invested in US$ Source: Braskem 9
  • 10. Comfortable level of leverage Better operational performance reduces leverage ratio to 3.12x in 1Q10 Liquidity still high, with cash around R$ 6 billion R$3.74bi Capital Increase R$3.74bi Capital increase + Quattor + Sunoco + Quattor + Sunoco EBITDA in 2009 EBITDA in LTM at 1Q10 Gross Debt 17,131 17,176 Cash & Cash Equiv. 6,231 6,267 Net Debt 10,900 10,909 EBITDA 3,150 3,495 Net Debt / EBITDA 3.46x - 10% 3.12x Source: Braskem, Unipar and Sunoco Inc 10
  • 11. Investments in 2010 amount to R$1.6 bi 2010 Estimated Investments PVC Alagoas Expansion In millions of R$ Startup: 1st semester 2012 Capacity addition of 200 kton/y of PVC in Alagoas: 1 MVC plant and 1 PVC plant 1,617 Investments of US$470 million Green PE NPV Expected ~US$ 450 million 254 Support to infrastructure projects in Brazil Mexico 72 Venezuela 35 52 PVC Alagoas BRASKEM 462 Operational Maintenance 317 BRASKEM AMERICA 56 QUATTOR 360 QUANTIQ / VARIENT 10 11