Investors conference

Investors MeetingInvestors Meeting

March, 2011March, 2011

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 (December 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

Agenda

� Braskem

� A global player

� Acquisitions: opportunities and challenges

� Project pipeline: growth with value creation

� Braskem consolidated

� The petrochemical industry

� Final considerations


3

Agenda

� Braskem

� A global player







4

Overview

� Braskem has become the leading thermoplastic company in the Americas with Quattor acquisition in January 2010

� Foothold in the USA with Sunoco PP assets acquisition in February 2010

� Attractive project pipeline in Latin America

� Listed in 3 stock exchanges: BM&FBovespa, NYSE and Latibex - 100% tag along

�Market Cap (03/18/2011) – US$ 9.9 billion

� EV – Net debt Dec 2010 – US$ 15.8 billion � 3 PP

�Diversified portfolio of petrochemical products, with focus on PE, PP and PVC

� Annual capacity of 6,460 kton

� 31 facilities in Brazil and USA

� Naphtha and gas based crackers

� Petrobras as the main supplier in Brazil

Financial Highlights

Industrial Assets

� 1 gas cracker� 1 PP� 1 PE

� 1 naphtha cracker� 2 PP� 3 PE

� 1 naphtha cracker� 1 ethanol cracker� 5 PE� 2 PP

� 1 PVC� 1 Chlorine-soda

�1 naphtha cracker� 4 PE� 1 PP� 1 PVC�1 Chlorine-soda

2009 2010

∆R$ billion

BraskemStand alone

Consolidated

Net Revenue 15.2 27.8 + 83%

EBITDA 2.5 4.1 + 64%

Net Debt/EBITDA 2.67x 2.43x - 9%

Financial Highlights

Potential Upside

� Synergies:

- Additional EBITDA – R$ 495 million on a recurring basis

� Expectation of cycle recovery as of 2012

5

Consistent growth

EBITDA 1 (US$ million)

10,21210,412

Nominal Capacity (kton)

Resins

Ethylene

19.1 19.3

23.1

18.0

14.1

16.9

13.5

14.4

14.6

1,626 1,642

2,308

Green Resin

2002 2003 2004 2005 2006 2007 2008 2009 2010

EV/

EBITDA

EV

(US$ bi)

Source: Braskem 1 Pro-forma figures for 2009 and 9M10: Braskem + Quattor + Braskem America

2.4 3.9 5.8 4.2 4.7 7.6 5.1 7.5 15.8

5.2x 6.7x 6.6x 5.0x 6.2x 4.6x 3.8x 4.8x 6.8x

2,965 3,045 3,145 3,1903,621

5,551

6

5,921

Politeno

Ipiranga, Copesul and Paulínia

Petroquímica Triunfo

Acquisitions Quattor + Sunoco

457581

871 851764

1,626

1,337

1,642

2002 2003 2004 2005 2006 2007 2008 2009 2010

Ownership Structure Leveraging relationship with Petrobras

50,1% / 38,2%

MinorityShareholders

47,1% / 35,8%

Voting Shares / Total Shares

0,0% / 5,9% 2,8% / 20,1%

- World leader in E&P in deep waters;

- Present in the industry as investor, supplier and client;

- Investment Grade by all 3 Rating Agencies.

- Conglomerate;

- More than 30-years in the petrochemical industry;

- Investment Grade by Moody’s and Fitch.

Source: Braskem

• Odebrecht as the controlling shareholder reinforces Braskem’s condition as a listed privately-owned

company

• Sole vehicle for petrochemical investments of both shareholders, Braskem has the right:

- to lead all petrochemical investments identified by Petrobras;

- if not of its interest, has the right to commercialize such products.

Go

ve

rna

nce

7

Braskem: strong potential for outperform

Braskem:Consolidated position in main regional market of thermoplastic resins*

North America# 32 players

M.East# 38 players

W.Europe# 29 players

N.Asia~# 150 players

S.AsiaCapacity (000 Metric Tons)

Source: Analysts reports, CMAI capacity list

South America# 12 players

* PE, PP and PVC

# 38 playersS.Asia

~# 40 playersBraskem: 5,510

Ecopetrol: 548

Mexichem: 416

PBB Polisur: 650

Pequiven: 185

Petro Dow: 42

Petroken: 180

PETROQUIM: 120

Petroquímica Cuyo: 130

Polinter: 495

Propilven: 115

Solvay Indupa: 541

8

Agenda

� Braskem

� A global player







9

Quattor - key indicators

Acquisition opportunities

� Asset concentration in Southeast (~70% Brazilian consumption);

� Diversified RM matrix;

� Joint administration of raw

Operating rate (%) 1Q10 2Q10 3Q10 4Q10

Ethylene(1) 71% 83% 89% 94%

PE 61% 76% 84% 91%

Operational Indicators

Financial Indicators

(1) Considering the 200 kty expansion

� Joint administration of raw material agreements;

� Integrated industrial planning;

� Reduction of working capital costs;

� Tax and logistical synergies.

10

R$ million 1Q10 2Q10 3Q10 4Q10

Net Revenue 1,250 1,459 1,697 1,807

EBITDA 107 214 302 361

EBITDA Margin 8,6% 14,7% 17,8% 20,0%


+99% +41% +20%

2011 EBITDA*: R$377 million 2012 EBITDA*: R$495 million

350

495

87

59

R$ million

377

82

61

R$ milhõesR$ million

Synergies from Quattor acquisition totaling R$377 million in EBITDA for 2011

11* Annual and Recurring

350

Industrial Logistics Supply EBITDA Synergies

Source: Braskem

234

Industrial Logística Suprimentos EBITDA SinergiasIndustrial Logistics Supply EBITDA Synergies

Identification of new opportunities, efficient and rapid implementation of initiatives to

capture synergies

� Integrated planning for industrial units

� Centralized maintenance plan assets strategy

� Optimization of freight and gains in distribution and storage

� Joint purchase of materials for industrial operations

Braskem America (former Sunoco Chemicals)

Marcus Hook, PA� 1 PP

R&T Center

Pittsburgh, PA

Neal, WV� 1 PP

Acquisition opportunities

� Global-scale, state-of-the-art assets – technology and age similar to Brazil’s polypropylene (PP) assets;

� Development of a global production base;

� Consolidation of industrial assets;

� Competitive costs for some 70% of raw materials;

12

La Porte, TX� 1 PP

Challenges

� Knowledge of North American distribution market;

� Add value to supplier ⇔ client chain (substitute distributor);

� Highly disperse market.

2009 2010

Net Revenue (R$ million) 1,737 2,267

EBITDA (R$ million) 134 201

EBITDA (USD million) 66 114

raw materials;

� Platform for greenfield projects in Latin America.

Disbursement: US$350 million


+73%

Agenda

� Braskem

� A global player







13

“BECOME THE GLOBAL

SUSTAINABLE CHEMICAL

LEADER, INNOVATING FOR

Strategic direction

LEADER, INNOVATING FOR

BETTER SERVE THE

PEOPLE”.

14

Growth strategyOn the path to leadership in sustainable chemicals

Green PP

2013

�Successful track record for

�Innovation in bioplasticmarket

�Production integrated with

Development

�Partnerships for the development of competitive technologies

Green PE

2010

�Successful track record for implementing projects: term and costs

�Capture of 2.5t CO2/t PE

�Partnership with Clients

�Production integrated with green propylene

�Capture of 2.3t CO2/t PP�Cooperation agreement with

Cenpes (Petrobras Research Center)

�Development of other cracks streams to sustainable chemicals

�PE integrated project study

Braskem becomes a global leader in

biopolymers

15

Expansion with competitiveness increase

BRAZIL

PVC Expansion

�Operational start-up : May 2012

�Expansion of 200 kton/y in PVC capacity in Alagoas

�Investments of US$470 million

�Expected NPV ~US$450 million

�Approval of a financing line of up to R$525 millionfrom BNDES and R$200 million from BNB

�Expected disbursement of R$380 million in 2011

Source: Braskem

Industrial Assets

New Projects

�Expected disbursement of R$380 million in 2011

�Support for Brazil’s infrastructure projects

�Brazil currently imports 30% of its needs

PVC Domestic Demand (kton)

2006 2007 2008 2009 2010

Imports

Domestic Sales

748

950982857

1,119

17%

31%26%34%19%

16

Growth strategyProjects with competitive materials

Ethylene XXI Project – JV Braskem and IDESA - Mexico

Characteristics

�Startup: January 2015

�Ethane acquisition from PEMEX

� Integrated project: 1 Mton ethylene and 1Mton

PEs

� Investment: US$2.5 billion (project finance)

�Mexico imports 68% of its PE demand (1.8

million ton/year)

PEMEX Gas (Basic Petrochemicals)

Ethane Cracker

Ethane

66,000 bpd 1,000 kton/y

Gas

Ethylene

million ton/year)

�Financial advisor: Sumitomo Bank

�Strategic partnership with Ineos and Lyondell

Basell for PE plants technologies

�Structuring of Project Finance: already received

US$ 5 billion in letters of interest

2011 Focus

�Selection of the cracker technology

�Structuring of Project Finance: due diligence, negotiation of financial agreements

�Studies on environmental impacts and beginning of the process to obtain the construction licenses

�Conclusion of the engineering agreement

�Definition and negotiation of EPC agreements (Engineering, Procurement and Construction)

1,000 kton/y

PEMEX Exploration

and Production

Gas

Manufacturing Industry

Polyethylene

17

Unique pipeline of growth in the Americas

� Green PE(+ 200 ktony ethylene)

� Ethylene XXI - Mexico(+ 1,000 ktony ethylene and + 1,000 ktony PE)

� Green PP

� Brownfield/Greenfield expansion projects in Brazil: PE and PP assets

� New Biopolymers Plants in Brazil –integrated project (1st and 2nd

generation)

� Comperj

Consolidated Project Pipeline

� Resin Capacity CAGR for 2010-2015: +4.3% p.y.

� Diversification of raw materials and world-class assets

� Fiscal discipline

� Excellent track record of projects execution

2010 - 2012 2013 - 2015 Projects under evaluation

(+ 200 ktony ethylene)

� PVC Expansion (+ 200 ktony)

� Green PP(+ 30 ktony ethylene)

� Comperj

� PeruProj. (+ 600 to 1,000 ktony ethylene/PE)

� Projects in Venezuela(+300 ktony PP) (integrated ethylene/PE)

Source: Braskem

Consolidated Project Pipeline

18

Agenda

� Braskem

� A global player







19

North America

29%Asia

Europe

10%

Others

14%

� Origin of Imports in 2010

(PE, PP and PVC)

� Braskem’s Sales Profile – 2010

� Braskem’s Performance – 2009 Vs. 2010 (Thousand tons)

Value added products and potential market growth are key differentiators of value creation

3,072 3,413

2009 2010

Braskem

+11%

Argentina

21%

Colombia

15%

Mexico

1%

Asia

10%

Source: Abiquim, Braskem

Americas account for 67% of imports

� Braskem’s Sales Profile – 2010

� Imports represented 26% of the

domestic market

20

29%

18%

13%

9%

7%

6%

4%

4%

10%

FOOD

PACKAGING

RETAIL

HYGIENE AND

CLEANING

CONSUMER

GOODS

CONSTRUCTION

AUTOMOTIVE

AGRIBUSINESS

INDUSTRIAL

OTHERS

Structured resource base to support client needs:

� Over R$ 330 million in R&D assets

� More than 190 researchers

� 8 pilot plants

� More than 400 patents filed worldwide

Innovation pipeline: new developments to aggregate further value

Innovation and Technology Center

�Strenghtening the value chain competitiviness

PP

Coffee Bags

� Partnership with universities and R&D centers in Brazil and abroad

� 12% of Polymer Business Unit revenues results from new products launched

in the past 3 years

PE

BIOPOLYMERSInnovation pipeline

NPV: ~US$ 510 millionPP

PVC

PVC

Windows

PVC

Doors

21

Raw material matrixDiversification to compete globally

Raw Material Profile* (2010) Braskem Post-Acquisitions** Braskem Post-Projects***

Implementation of Project Pipeline

46%

14%

92%17%

56%

8%

37% 30% 13%

17%

67%

3%

24%

15%58%

3%

�More balanced and diversified supply of raw materials

�Competitive natural gas price vs. international reference prices

(1) Ethane, Propane and HLR(2) Naphtha and condensate

*Based on resin-production capacity. Sunoco buys propane directly** Considering Green Ethylene capacity *** Considering the Mexico Project

Propane

�USG reference to competitive prices

Natural Gas

� 100% Petrobras supply with competitive prices versus international prices

Ethanol

Naphtha / Condensate

� ~70% of naphtha supplied by Petrobras with competitive price formula

� 30% direct imports from various international suppliers

Quattor Sunoco Braskem

Liquid (2) Refinery propylene Gas (1)

Ethanol

22

Debt reduction and lengthening the average maturity of debt

DEBT PROFILE

2010Foreing

Entities

1%

Gov.

Entities

26%Capital

Market

38%

393

583*

13% 14%13%

20%

Amortization Schedule(1)

(million of R$)

12/31/2010

Foreing

Entities

5%

Gov.

Entities

22%

Banks

52%

Capital

Market

21%

2009

→→→→ More balanced source of

funds.

Banks

35%

Issue of US$450 million in perpetual bonds, project finance prepayment and

others financing operations lengthened the average debt term to 12.5 years

23

2,4961,733

1,245

1,8201,694

1,0731,360

1,244

2,594

2011 2012 2013 2014 2015 2016/

2017

2018/

20192020

onwards12/31/10

Cash

10%8%

11%10%

2,889

(1) Does not include transaction costs

*US$350 million of Stand byInvested in US$

Invested in R$

-

BB+

BB

BB-

stable

RATING

Ba1

Ba2

Ba3

-

+BBB-Baa3

Jan/09 +May/09

Jan&Jul/10

Post-Acquisitions

Investment Grade

Upgrade Conditions:

Maintenance of high liquidity (cash or equivalents -stand-by) above R$3 billion. Cash above R$3 billionsince Dec/2008.

Capitalization of Braskem as pre-condition foracquisition. Shareholder movements;

Successful integration with capture of synergies andincrease in cash generation (EBITDA increase R$ 3,1bi to R$3.8 bi);

�

�

�

Braskem:Reaffirmed post-acquisition ratings

On January 11, 2011, Fitch changed from BB+ with stable outlook to BB+ with positive outlook and placed the Company on review for a potential upgrade

Source: Braskem

BB-

B+

Ba3

B1

2009 2010

Post-Acquisitions

The acquisitions:

Strengthened strategic positioning;

Increased # of plants, sites and geographic diversification;

Diversification of raw material mix;

More disciplined and less volatile domestic market ;

High governance standards;

Petrobras participation.

Decrease in Net Debt/EBITDA ratio expected to2.5x. In first post-acquisition quarter we alreadyreduced this ratio from 3.46x to 3.12x. In 2Q10 wereduced to 2.84x, and to 2,63x in 3Q10.

Braskem Ratings (Global Scale)

BB+ / Stable Outlook

Ba1 / Stable Outlook

BB+ / Positive Outlook

24

Total Investment in 2011 is estimated at R$1.6 billion

InvestmentsR$ million

* For 2011, capex is estimated at R$

1.6 billion, which approximately 85

127

373 Maintenance Shutdown

HSE

Productivity

1,777

142

391

1,644

25Source: Braskem

30% destined to capacity expansion

projects, 20% to scheduled

maintenance shutdowns, and the

remaining to operational

investments.

301

47

343

6

283

211

85

2010

Productivity

Capacity Increase / PVC Alagoas

Equipment Replacement

Quantiq

Green PE

Mexico

Others278

89

243

407

94

142

2011e

Agenda

� Braskem

� A global player







26

Ethylene: Operating rate 2010

Industry in2010

� Operating rates decreased in 4Q10 driven

by the rigorous winter in the Northern

hemisphere and operational problems at in

Europe and Middle East

� Competitive cost base allowed the US to

operate at higher rates than other regions

throughout 2010

� Global operating rate at 83.5% in 2010, 3.1

MM ton

81

89 88

74

8384

84

94

82

78

86

91

50

60

70

80

90

0

5

10

15

20

Europe N. America Asia M. East World Braskem

Outlook on the global petrochemical industry

*

Source: CMAI, Parpinelli Tecnon

� Global operating rate at 83.5% in 2010, 3.1

p.p. over previous forecast

Global Scenario

� New capacity additions can lead to the

closing down of non competitive assets on

a permanent basis, especially in Europe

� High volatility in oil prices boosts naphtha

prices. Prices of resins and basic

petrochemicals follow this trend

� Expectation of improvement in the

industry profitability as of 2H11

Ethylene: Supply and Demand Balance

MM ton

Europe N. America Asia M. East World Braskem

Capacity 4Q Operating rate 4Q10 (%) Operating rate 3Q10 (%)

83.5 83.986.3

88.790.7 91.3

0

50

100

150

200

2010 2011e 2012e 2013e 2014e 2015e

Capacity Demand Operating Rate (%)

27* Impacted by the scheduled maintenance shutdown in Bahia’s cracker for 52 days.

Demand growth shall overcome new capacity additions

Ethylene

Demand

CAGR 10-154.4%

Supply

CAGR 10-152.4%

6,521

2,805

4,5146,090

9,010

8.4%

2.6% 2.3% 2.5% 3.3%2.1%

6.7%

3.4%5.2% 4.5% 4.4%

4.3%

Asia

Africa

Middle East

Europe

Capacity(MM ton)

Source: CMAI, March/2011

� Limited additional capacity until 2015

� No new investments announced motivated by financial crisis

� Sanctions in Qatar restrict investments in petrochemicals

� No further availability of cheap gas for new projects

� Greenfield projects: 4-5 years to startup

2,067 743 962

(1,282) (1,227)(699) (150)

529

468

490

3,229

1,816

1,200

2,545

375

400

550

3,216

2,652

3,774

2,805

2,462

2010 2011 2012 2013 2014 2015

-19% Delayed

3,8143,423

3,417

9,010Europe

Americas

Closures

Postponed/Delayed

Supply Growth %

Demand Growth %

28

Brazil: strong potential growth

2010 Market Share Brazilian’s thermoplastic demand (PE, PP, PVC) X GDP Growth%

69%

26%

5%

Braskem

Others

Imports-0.6%

7.5%

4.5%

7.0 - 7.2

5.3 - 5.4

Million tons

Source: Abiquim, Braskem, CMAI, Ipeadata and IBGE. 29

Per-capita Consumption of PE, PP and PVC (kg/person)

Brazil:

2009 2010 2011e 2015e

Brazilian's thermoplastic demand (MMton) GDP (Growth %)

18 17 19 18 20 21 22 23 25

2002 2003 2004 2005 2006 2007 2008 2009 2010

6558

46

31

USA Europe Japan China

* Estimate: Resins Demand = 1.5x to 2.0x GDP

Agenda

� Braskem

� A global player







30

Outlook and Priorities

Petrochemical market

Political instability in Arab countries and oil price volatility

Global petrochemical scenario continues to be marked by recovery, but oversupply is still expectedfor 2011. Mitigating factors:

� Operational instability, delays on the startup of new plants and trade sanctions imposed on Iran

� Strong demand from emerging countries like China, India and Brazil

Braskem priorities

Strengthening of the Brazilian petrochemical and plastics production chain

To follow the domestic resins’ market growth: 9-10% in 2011

Ensure capture of the identified synergies

Adding value through the acquired assets

� Quattor: continue improvement in its operational efficiency

� Braskem America: return above capital employed

Maintaining liquidity and financial discipline

Growth Projects

� PVC Alagoas

� Implementing project in Mexico, which is based on competitive raw materials

� To define Comperj’s configuration with Petrobras

� Expand the use of renewable feedstock

31

Pr/share BRKM5 Performance

+

Why Braskem?

Consolidated (R$ billion) 2011e Multiple

EBITDA (consensus) 4.4

Synergies to 2012 4.9

Market Capitalization 16.5 22.9

EV 26.3 32.8

EV/EBITDA 6.0x 6.7x**

Price per share 20.60* 28.70

Proj. NPV to 2012 > R$1.12 bi

Value added by projects to

share price1.40

0

5

10

15

20

25

30

35

40

� Largest thermoplastic resin producer in the Americas

� Leader of important projects in Latin America with

competitive raw materials

� Emerging consumer market with potential per-capita growth

as additional driver

� Above-peer profitability

� Access to one of the world’s largest consumer markets

following the U.S. acquisition

� Successful trajectory of organic growth and acquisitions

� Shareholders hold long-term view with strategic synergies

for growth and value creation

� Leader in green chemicals

� Huge potential for value creation

� EBITDA increase

� EV/EBITDA 2011 multiple

below peers’ multiple (6-8x)

*BRKM5 as of 03/18/11 ** Peer Multiple Feb/2011

Source: Bloomberg.

Price per share after projects 30.11R$ USD

32

Investors MeetingInvestors Meeting

March, 2011March, 2011

AppendixAppendix

Leader in the Americas and a top 8 global player in resins capacity

4th

1st

Ca

pa

city

in th

e A

me

rica

s (

kto

n/y

)

3,035

4,077 4,200

2,525 1,995 2,311

2,915 1,230

627

1,731

1,090

822 875

510

510

1,210

2,340

PVC

PP

6,460

4,827

3,595

4,256

3,082

2,340 2,3111,915

5,307

950

Lyondell Basell

ExxonMobil

SINOPEC Dow Formosa SABIC Ineos Braskem post

operations

Total IPIC Reliance PetroChina Braskem

10,914

9,3118,668

7,749 7,284 7,1096,541 6,460

4,681 4,564 4,303 4,079 3,595

transactions

8th

12th

Ca

pa

city

in th

e A

me

rica

s (

World

Ca

pa

city

(kto

n/y

)

Braskem post

transactions

Exxon Mobil

Dow Lyondell Basell

Braskem Formosa Shintech Chevron Philips

Quattor Sunoco

2,525 1,995

1,050

2,311

1,040 950

2,340 PP

PE

35

Global Ethylene and Resins supply/demand

Global Ethylene Supply/Demand (Mton/y)

133 143 148 150 153 156 161

112 119 123

130 135 141 147

2009 2010 2011e 2012e 2013e 2014e 2015e

Supply

Demand

Source: CMAI, March 2011

Global Resins Supply (Mton/y) Global Resins Demand (Mton/y)

* Compounded Annual Growth Rate

2009 2010 2011e 2012e 2013e 2014e 2015e

67 71 75 79 83 88 92

45 48 51 54 57 61 64 32 34 37 39 41 43 45

2009 2010 2011e 2012e 2013e 2014e 2015e

144

173163154

200182

191

CAGR* 09-15

5.7%

82 90 93 95 98 99 103

55 61 65 67 70 71 73

43 46 50 51 52 52 53

2009 2010 2011e 2012e 2013e 2014e 2015e

PVC

PP

PE

181

214207229

219 223

CAGR* 09-15

4.0%

197

36

Resins demand by region

2010 Resins (PE, PP, PVC) Demand by region

Africa

3%

Europe

18%

China

27%

Source: CMAI 2010 estimates

North America

17%

South America

6%Middle East

6%

Asia ex-China

23%

The Brazilian demand for resins represents 3% of global demand

37

86% 87%78% 83% 80% 85%

94% 93%

2009 2010 2009 2010 2009 2010 2009 2010

Ethylene Polyethylene Polypropylene PVC

63%71%

83% 89% 94%

4Q09 1Q10 2Q10 3Q10 4Q10

Capacity utilization rates were positively impacted by the improvement of Quattor’s assets

Braskem consolidated operating rates %%

Quattor - Ethylene

� Raw material supply regularization, in the Southeast and Rio de Janeiro complex, gradually increased

the operating rates of Quattor’s assets:

� RJ unit presented a record rate of 93% in the last quarter of the year

� Continuous operational improvement of existing assets (record production rates in the south

complex)

� Scheduled maintenance shutdown at Bahia’s cracker in the 4Q10 had a higher influence in the PVC

production, partially impacting the average operating rate of PE and PP

*2009 data does not include Quattor expansion of 200 kton

2009 2010 2009 2010 2009 2010 2009 20104Q09 1Q10 2Q10 3Q10 4Q10

Source: Braskem 38

World indicative ethylene cash costs

Source: CMAI39

Revenues breakdown – 4Q10

BTX* 7%

Cumene 2%

ETBE 2%

Fuel 4%Others 10%

Net Revenue by Product(1)

(4Q10)

Source: Braskem

Resins 66%Ethylene 4%

Propylene 3%

Butadiene 4%

1 Does not include naphtha/ condensate/crude oil processing and distributor sales

* Benzene, Toluene, Paraxylene and Orthoxylene

40

4Q10 and 2010 COGS breakdown

Naphtha , 51.5%

Other Variable

Costs, 6.9%

Labor, 3.4%

Services, 1.5%

Others, 0.7%

Deprec / Amort,

7.5%

Freight, 4.1%

COGS 4Q10 (1)

Naphtha , 53.1%

Natural Gas,

Other Variable

Costs, 7.2%

Labor, 3.1%

Services, 1.5%

Others, 0.9%

Deprec / Amort,

7.0%

Freight, 3.9%

COGS 2010 (1)

Source: Braskem

Gas as

feedstock, 18.4%

Electric Energy,

3.5%

Natural Gas,

2.5%

1 Does not include naphtha / condensate / crude oil processing

and Quantiq costs

Gas as

feedstock, 16.9%

Electric Energy,

4.3%

Natural Gas,

2.4%

(1) Does not include naphtha / condensate / crude oil processing

and Quantiq costs

41

Exports Destination – 4Q10

North

Europe 18%

Asia 4%

Exports Destination

4Q10

Source: Braskem

The Export Market represents 26% of Company’s Net Revenue.

North

America 44%

Central

America 4%

South

America 29%

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� Contribution margin was positive impacted by the

higher sales volume and the improvement in resin-

naphtha spread. FX impacted by the appreciation in

Brazilian real.

R$ million

1,979

FX impact

on costs 2,089

FX impact

on revenues(3,140)

EBITDA performance: 2010 vs. 2009

**2009 non-recurring effect amounts R$135 million*SG&A: R$244 million of non-recurring expenses in 2010

3,181

523

1,051

441 135

4,055

EBITDA

2009

Volume Contribution

Margin

FX Fixed Costs

SG&A

Non recurring

effect 2009

EBITDA

2010

( )

( ) ( )

* **

Source: Braskem43

Debt Profile

Foreign Gov.

Entities

1%

Brazilian Gov.

Entities

26%

Capital Market

Gross Debt by Category

CDI

12%

BRL - PRE

6%

TJLP

20%

Gross Debt by Index

Banks

35%

Capital Market

38%

USD-PRE

56%

USD-POS

6%

Source: Braskem44

Outstanding Bonds & Outstanding Ratings

Outstanding Bonds MaturityCoupon

(% p.a.)

Yield *

(% p.a.)

US$250 MM Jan/2014 11.750 3.9

US$250 MM Jun/2015 9.375 4.3

US$275 MM Jan/2017 8.000 5.7

US$500 MM Jun/2018 7.250 5.8

US$750 MM May/2020 7.000 6.3US$750 MM May/2020 7.000 6.3

US$450 MM Perpetual 7.375 7.3

Agency Rating Outlook Reviewed in

Fitch Ratings BB+ Positive 01/11/2011

S&P BB+ Stable 05/28/2009

Moody’s Ba1 Stable 05/21/2009

Corporate Credit Rating – Global Scale

* As of March, 18th

Source: Braskem / Bloomberg45

Covenants

2.64x 2.43x

Sep 10 Dec 10

(R$ million)

-8%

2.76x 2.56x

Sep 10 Dec 10

(US$ million)

-7%

Net Debt/ EBITDA

Source: Braskem

Facility Amount* Dec 10 Currency Type

Senior Notes R$ 500 MM R$ 500 MM R$ Issuance

Nippon Export and

Investment InsuranceUS$80 MM US$40 MM US$ Maintenance

EPP (Export Pre-Payment) US$725 MM US$400 MM US$ Maintenance

*The company is prevented from issuing any new debt for the period if it overcomes the 4.5x Net debt / EBITDA ratio.

46

Investors conference

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