1Q09 1Q09 EarningsEarnings

Conference CallConference Call

2

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 (March 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.

ForwardForward--looking Statementslooking Statements

3

Global ScenarioGlobal Scenario

. World governments’ recovery plans start to work out

. Retraction process of some economies begin to ease

. Consumer Index in China out of the contraction level for the first time in 9

months

. Commodities production chain at low levels of inventories

. US producers (gas base) more competitive and local market remains weak

. Supply problems at the Asian market

. Prices in Asia expected to drop in 2H09 due to Middle East and India supply

. Global ethylene capacity:

. 6 MMt starting operations – 80% in the Middle East

. 6 MMt stopped or iddle – USA and Europe (excludes Asia)

. 4 MMt delayed – Middle East and Asia

. Year of economic contraction

4

Regional ScenarioRegional Scenario

. Consumption of non-durable goods in Brazil shows resilience when compared to 2008

. Brazilian industries with best performances in the period: Packages, Home Appliances, Consumption Goods, Personal Hygiene and Cleaning

. Industries still presenting poor performance: Agribusiness, Automotive, Construction

. Imported resins volume still at high levels – ports with fiscal benefits, weak demand in the USA and Latin America (Argentina and Colombia)

. Argentinean market very depressed due to credit restriction – stronger exports to Brazil

. Colombian market – shifting exports from USA to Brazil

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1Q09 Achievements1Q09 Achievements

. New Naphtha Agreement:

- agreement under confidentiality clause regarding disclosure of price formula

- clause assuring adjustment to ARA quality standard

- price formula to weaken volatility and improve predictability

- foreseen discount and premium over ARA reference

- ~60% of volume from Braskem

- 5 years, renewable for other 5 years

. Maintenance of financial discipline: cash of R$ 3 billion

. Resumption of full capacity in March (95% ethylene)

. Doubled exports when compared to 4Q08

. Inventories average cost leveled with production costs in March

. Productivity program leads to a reduction of R$ 78 million in SG&A in the quarter

. Reduced disbursement with investments 49% lower vis a vis 1Q08

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1Q09 Highlights1Q09 Highlights

Operating Performance:

. Net revenue of R$ 3.2 billion, 24% down on 4Q08: volume and prices

. Reduction in PVC demand (33% versus 1Q08)

. R$458 million EBITDA, with non-recurring effects, sustains covenants

Strategic Actions:

. Merger of Petroquímica Triunfo

. Launch of the cornerstone for the Green PE project in the Triunfo Complex

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Plants operating at full capacityPlants operating at full capacity

in Marchin March

PE PP PVC

1Q09

ETHYLENE

73%

4Q08

73% 74%89%

70%

97%

76%

104%

UtilizationUtilization RateRate %%

Source: Braskem

1Q091Q08

704611

ResinsResins ProductionProduction KtKt

+2%

1Q08

95%

64%

1Q094Q081Q08 1Q094Q081Q08 1Q094Q081Q08

69%

95%

4Q08

599

MarJan

47%

95%

MonthlyMonthly UtilizationUtilization Rate Rate -- EthyleneEthylene KtKt

Feb

78%

8Source: Braskem

-33%-9% -16%- 12% -13%

PVC

PPBraskemResins

PE BrazilianMarket*

Domestic Sales 1Q08 x 1Q09Domestic Sales 1Q08 x 1Q09 %%

Others

Imports

Resins Market Share 1Q09Resins Market Share 1Q09

* Braskem estimates: Domestic Sales + Imports

46%

25%

29%

Brazilian Market starts recovery Brazilian Market starts recovery

in March in March

- Exports remain strong in January and February

- Resins volume in March is flat when compared to March 2008

9Sourcee: Braskem

601

1Q08 1Q09Raw

MaterialFX Price

458

R$ million

EBITDA Reduced resins prices overcome the positive impact fromlower raw material prices and FX increase on revenues

EBITDA EBITDA ReducedReduced resinsresins pricesprices overcomeovercome thethe positive positive impactimpact fromfromlowerlower rawraw material material pricesprices andand FX FX increaseincrease onon revenuesrevenues

(3,128)

2,447

342

4

FX impact

on revenue

FX impact

on costs

1,339

(997)

Volume

95

Others

97

Taxes (PIS / Cofins)

10Soure: Braskem

565

4Q08 1Q09VolumeRaw

MaterialsFX Price

458

R$ milhões

(1,514)

1,175

2686

SG&A

97

EBITDA Reduced resins prices overcome the positive impactfrom lower raw material prices

EBITDA EBITDA Reduced resins prices overcome the positive impactReduced resins prices overcome the positive impactfrom lower raw material pricesfrom lower raw material prices

FX impact

on revenue

FX impact

on costs

60

(44)

23

Taxes (PIS / Cofins)

11

2016 /2017

Source: Braskem

ShortShort--term debt well managed and longterm debt well managed and long--term debt well term debt well

distributed with an average term of 11 yearsdistributed with an average term of 11 years

R$ Million (03/31/09)

03/31/09

2,970

Cash and EquivalentsCash and Equivalents

2009 2010 2011 2013 2014 /2015

2018 /2019

2020 onwards

10%10%

13%13%12%12%

6%6%

13%13%

9%9%11%11%

14%14%

943943 1,2251,225

1,5701,570 1,4481,4481,3461,346

710710

1,6281,628

1,1581,158

1,814

1,156

3.31

Dec08 Mar08

2.89

+15%

Gross Debt: 12,151Gross Debt: 12,151

Net Debt: 9,181Net Debt: 9,181

Average Term: 10.5 yearsAverage Term: 10.5 years

72% of the debt are pegged to the USD 72% of the debt are pegged to the USD

Net Debt / Net Debt / EbitdaEbitda (x) US$(x) US$

2012

12%12%

1,4571,457

4.00

Dec08 Mar09

3.73

+7,2%

Net Debt / Net Debt / EbitdaEbitda (x) R$(x) R$

PFICO

726

Value related to the loan granted by a Petrobras subsidiary for the delisting of Copesul,

due in October 2009 In US$

In R$

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Short Term FocusShort Term Focus

� Clients’ proximity

� Priority over financial health and liquidity

� Productivity Program: cost reduction

� Profitability

� Defense against imported products

� Identification of operating synergies with Petrobras

� Construction of the Green PE plant

� Analysis of opportunities arising from crisis: selective acquisitions

� Venezuela

Greater operational and financial strengthGreater operational and financial strength

1Q09 1Q09 EarningsEarnings

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