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2Q09 Earnings
Conference Call
Forward-looking Statements

This presentation contains forward-looking statements. These statements do not
represent historical fact, but rather reflect the beliefs and expectations of
Braskem’s management. The words “anticipate”, “wish”, “expect”, “estimate”,
“intend”, “forecast”, “plan”, “predict”, “project”, “target” and similar words
are intended to identify these statements. Although Braskem believes that the
expectations and assumptions reflected in these forward-looking statements are
reasonable and based on information currently available to management,
Braskem cannot guarantee future results or events.

The forward-looking statements in this presentation are valid only on the date
they are made (June 30, 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
Global Scenario

•   Oil price influenced by reduced supply and financial market movements
•   Petrochemical prices recovery in the international market:
      •   Asian demand acceleration
      •   Supply restriction in the region
      •   Stronger demand for gasoline (US driving season) and aromatics
•   Delays in the startup of new capacities in the Middle East
•   12 MM tons of ethylene capacity lost in USA and Europe in 2009
•   Financial sector upturn is unsure
•   Downturn cycle can last until 2011




                                                                            3
Regional Scenario

•   Braskem plants operating at full capacity

•   Braskem’s Inventories at normal levels

•   Increased demand for thermoplastic resins in the Brazilian market:

      •   Government incentives for automotive and white goods

      •   Agribusiness and construction industries signaling a recovery in 2H09

•   Reduced volumes of imported resins and manufactured goods
•   Inventories levels in the chain are still low

•   Sales volume recovery for Mercosur, Bolivia and Andean countries




                                                                                  4
2Q09 Highlights
Operating Performance:

. Net revenue reaches R$ 3.7 billion, 13% up on 1Q09, with sales recovery in the
 domestic market and prices retrieval in the exports market
. EBITDA reaches R$ 566 million, with 15.3% margin
. Net income grows R$ 1,146 million over 1Q09: exchange appreciation and upturn
 in profitability

Strategic Actions:

. Merger of Petroquímica Triunfo

. Startup of ETBE plant in the Camaçari Petrochemical Complex: + 210 kt

Achievements:

. Raising of R$ 250 million through a receivables-backed investment fund (FIDC) with
 weighted remuneration of CDI + 1.85% p.a.
. SG&A reduction reaches R$ 50 million in the first six months of 2009
                                                                                       5
Brazilian market showing
 significant evolution


    Domestic Sales 1Q09 x 2Q09                                       %   Resins Market Share 2Q09


                                      55%                                 Imports
                                                                                     19%

                        29%                         27%
                                                                                            53%
         16%                                                   18%
                                                                                    28%
                                                                           Others

        PE’s            PP           PVC            Total    Brazilian
                                                   Resinas    Market *


   * Braskem estimates: Domestic sales + imports




Source: Braskem                                                                                     6
EBITDA
 Higher basic petrochemicals prices and sales volume
 overcome exchange appreciation and raw material cost increase

   R$ million



                                                                                                FX Impact
                                                                                    247         on Costs


                                                                                  FX Impact
                                                                                 on Revenue       (334)
                        539      65


                                          ( 232 )
                                                     ( 96 )                                               566
                  457                                         ( 87 )
                                                                        ( 57 )         ( 24 )




              EBITDA    Price   Volume    Raw       Others     FX       Other         Costs +         EBITDA
               1Q09                      Material    PIS/              Variable        SG&A            2Q09
                                                    COFINS              Costs


                                                                                                                7
Source: Braskem
EBITDA
 Positive FX impact, COGS gains and increased sales volume
 offset lower resin prices

   R$ million

                                                                         FX Impact
                                                             1,171
                                                                         on Revenue

                                                             FX Impact
                                                              on Costs      (890)




                                              280    111         36            23
                                     407
                         1,661




                  557                                                                             566
                                                                                       (2,509)



             EBITDA      Raw        Other     FX    Volume    Others         Costs +   Price     EBITDA
              2Q08      material   Variable                                   SG&A                2Q09
                                    Costs

                                                                                                          8
Source: Braskem
Comfortable cash position, covering
over 2 years of debt amortization
         R$ Million (06/30/09)
      Gross Debt:
            Debt:    10,583                        Net Debt / Ebitda (x) R$                        Net Debt / Ebitda (x) US$
      Net Debt:
          Debt:       7,347
      Average Term: 10.1 years
              Term:                                 3.97        -20%                                                   6%
                                                                            3.16                       3.25                     3.43
67% of the debt are pegged to the USD

              3,236



                                                   Mar 09                  Jun 09                     Mar 09                   Jun 09
             1,468



                              PFICO       15%

                                                      13%                                               13%
                                                                   12%
                                                                               11%
                        11%       10%
                                                                                                                        9%
             1,768      610              1,617                                              6%
                                                    1,326        1,288        1,209                    1,372
                                 1,091                                                                                 976
                        526                                                                615


            06/30/09   2009       2010   2011        2012         2013         2014/       2016/        2018/      2020 onwards
                                                                               2015        2017         2019
              In US$
                                                 Value related to the loan granted by a Petrobras subsidiary for the
              In R$                              delisting of Copesul, due in October 2009.
                                                                                                                       Source: Braskem   9
Focus



  Continuous strengthening of long-term relationship with Clients
  Priority over financial health and liquidity
  Productivity Program: cost reduction
  Support the sustainability of the Brazilian petrochemical chain
  Construction of the Green PE plant
  Projects in Venezuela
  Analysis of opportunities arising from crisis: selective
  acquisitions in North America
  Operational renewal: over 500 employees by 2011

             Greater operational and financial strength
                                                                    10
2Q09 Earnings
Conference Call

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Conference call presentation 2 q09 results

  • 2. Forward-looking Statements This presentation contains forward-looking statements. These statements do not represent historical fact, but rather reflect the beliefs and expectations of Braskem’s management. The words “anticipate”, “wish”, “expect”, “estimate”, “intend”, “forecast”, “plan”, “predict”, “project”, “target” and similar words are intended to identify these statements. Although Braskem believes that the expectations and assumptions reflected in these forward-looking statements are reasonable and based on information currently available to management, Braskem cannot guarantee future results or events. The forward-looking statements in this presentation are valid only on the date they are made (June 30, 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. Global Scenario • Oil price influenced by reduced supply and financial market movements • Petrochemical prices recovery in the international market: • Asian demand acceleration • Supply restriction in the region • Stronger demand for gasoline (US driving season) and aromatics • Delays in the startup of new capacities in the Middle East • 12 MM tons of ethylene capacity lost in USA and Europe in 2009 • Financial sector upturn is unsure • Downturn cycle can last until 2011 3
  • 4. Regional Scenario • Braskem plants operating at full capacity • Braskem’s Inventories at normal levels • Increased demand for thermoplastic resins in the Brazilian market: • Government incentives for automotive and white goods • Agribusiness and construction industries signaling a recovery in 2H09 • Reduced volumes of imported resins and manufactured goods • Inventories levels in the chain are still low • Sales volume recovery for Mercosur, Bolivia and Andean countries 4
  • 5. 2Q09 Highlights Operating Performance: . Net revenue reaches R$ 3.7 billion, 13% up on 1Q09, with sales recovery in the domestic market and prices retrieval in the exports market . EBITDA reaches R$ 566 million, with 15.3% margin . Net income grows R$ 1,146 million over 1Q09: exchange appreciation and upturn in profitability Strategic Actions: . Merger of Petroquímica Triunfo . Startup of ETBE plant in the Camaçari Petrochemical Complex: + 210 kt Achievements: . Raising of R$ 250 million through a receivables-backed investment fund (FIDC) with weighted remuneration of CDI + 1.85% p.a. . SG&A reduction reaches R$ 50 million in the first six months of 2009 5
  • 6. Brazilian market showing significant evolution Domestic Sales 1Q09 x 2Q09 % Resins Market Share 2Q09 55% Imports 19% 29% 27% 53% 16% 18% 28% Others PE’s PP PVC Total Brazilian Resinas Market * * Braskem estimates: Domestic sales + imports Source: Braskem 6
  • 7. EBITDA Higher basic petrochemicals prices and sales volume overcome exchange appreciation and raw material cost increase R$ million FX Impact 247 on Costs FX Impact on Revenue (334) 539 65 ( 232 ) ( 96 ) 566 457 ( 87 ) ( 57 ) ( 24 ) EBITDA Price Volume Raw Others FX Other Costs + EBITDA 1Q09 Material PIS/ Variable SG&A 2Q09 COFINS Costs 7 Source: Braskem
  • 8. EBITDA Positive FX impact, COGS gains and increased sales volume offset lower resin prices R$ million FX Impact 1,171 on Revenue FX Impact on Costs (890) 280 111 36 23 407 1,661 557 566 (2,509) EBITDA Raw Other FX Volume Others Costs + Price EBITDA 2Q08 material Variable SG&A 2Q09 Costs 8 Source: Braskem
  • 9. Comfortable cash position, covering over 2 years of debt amortization R$ Million (06/30/09) Gross Debt: Debt: 10,583 Net Debt / Ebitda (x) R$ Net Debt / Ebitda (x) US$ Net Debt: Debt: 7,347 Average Term: 10.1 years Term: 3.97 -20% 6% 3.16 3.25 3.43 67% of the debt are pegged to the USD 3,236 Mar 09 Jun 09 Mar 09 Jun 09 1,468 PFICO 15% 13% 13% 12% 11% 11% 10% 9% 1,768 610 1,617 6% 1,326 1,288 1,209 1,372 1,091 976 526 615 06/30/09 2009 2010 2011 2012 2013 2014/ 2016/ 2018/ 2020 onwards 2015 2017 2019 In US$ Value related to the loan granted by a Petrobras subsidiary for the In R$ delisting of Copesul, due in October 2009. Source: Braskem 9
  • 10. Focus Continuous strengthening of long-term relationship with Clients Priority over financial health and liquidity Productivity Program: cost reduction Support the sustainability of the Brazilian petrochemical chain Construction of the Green PE plant Projects in Venezuela Analysis of opportunities arising from crisis: selective acquisitions in North America Operational renewal: over 500 employees by 2011 Greater operational and financial strength 10