non deal roadshow

Meeting with Investors

March, 2010

Forward-looking Statements

This presentation contains forward-looking statements. These statements are statements that are not

historical facts, and are based on management’s current view and estimates of future economic

circumstances, industry conditions, company performance and financial results. The words "anticipates",

"believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are

intended to identify forward-looking statements. Statements regarding the declaration or payment of

dividends, the implementation of principal operating and financing strategies and capital expenditure

plans, the direction of future operations and the factors or trends affecting financial condition, liquidity

or results of operations are examples of forward-looking statements. Such statements reflect the current

views of management and are subject to a number of risks and uncertainties. There is no guarantee that

2

views of management and are subject to a number of risks and uncertainties. There is no guarantee that

the expected events, trends or results will actually occur. The statements are based on many

assumptions and factors, including general economic and market conditions, industry conditions, and

operating factors. Any changes in such assumptions or factors could cause actual results to differ

materially from current expectations.

The forward-looking statements in this presentation are valid only on the date they are made (December

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.

Agenda

� Braskem overview and roadmap strategy

� Acquisitions

� Braskem post transactions

� Projects in the pipeline� Projects in the pipeline

� The global petrochemical industry

� Key differentiators

� 2009 Figures

Braskem overview (before transactions)

� Leading petrochemical company in Latin America

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

� Annual capacity of 3,595 kty

� 17 facilities in Brazil

� 1st and 2nd generations integrated: states of BA, RS, AL, SP. Naphtha based crackers. Petrobras is Camaçari

Maceió

� 1 PVC

� 1 Chlorine - Soda

4Source: Braskem

RS, AL, SP. Naphtha based crackers. Petrobras is main supplier with 60/65% of feedstock supply

� Listed in 3 stock exchanges: BM&FBovespa, NYSE and Latibex

� 100% tag along

� Key Financials 2009

� Net Revenue: R$ 15.2 billion

� EBITDA: R$ 2.5 billion

Triunfo

Paulínia

� 1 Naphtha cracker

� 3 PE

� 1 PVC

� 1 Chlorine – Soda

� 1 PP

� 1 Naphtha cracker

� 5 PE

� 2 PP

ConvertersBasic petchem Resins

Industrial integration

Oil/Gas-refineries

Enhanced competitiveness through value chain integration

Naphtha / Gas PE/ PP/ PVC

4%

30%

5%

13%6%

2%5%

17%

3%

6%

4%4%1%

5Source: Braskem / Abiquim

2009 Braskem’sDomestic Sales Breakdown

FOOD PACKAGING

RETAIL

CONSUMER GOODS

CONSTRUCTION

AUTOMOTIVE

HYGIENE AND CLEANINGCOSMETICS AND PHARMACEUTICAL

AGRIBUSINESS

ELECTRIC AND ELECTRONIC

INDUSTRIAL

CHEMICAL AND AGROCHEMICALSOTHERS

INFRASTRUCTURE

Track record of strong and consistent growth aligned to its strategic direction

Vision 2020Top 5 Global Petrochemical

2020

2007Polialden

Politeno

Ipiranga /Copesul

Paulínia

2009

Petroquímica Triunfo

2002

20062007

2005 2008

Source: Braskem

Trikem

Polialden

Become leader inthermoplastic resinsin Latin America

Be a Top 5Global Petrochemical

Formulation of2012 Vision

Formulation of 2020 Vision

6

Leader in the Americas,

rank among the 5 largest

petrochemical companies

worldwide and to be

positioned as the preferred

Strategic directionVision 2020 Braskem

positioned as the preferred

partner for global alliances

7Source: Braskem

Agenda


� Acquisitions



� The global petrochemical industry


� 2009 Figures

Benefits and strategic drivers of Quattor acquisition

� Creation of a world scale player

� Diversification of feedstock supply

� Scale increase and geographic complementarities

� Operational synergies

� Strategic alignment with Petrobras: Comperj and Suape participation

9

� Value creation for all shareholders

Consolidation of Odebrecht and Petrobras shares in their activities in the

petrochemical sector, strengthening Braskem and the Brazilian production

chain to compete in the international market and ensuring the basis for

global growth, consolidating the leadership in the Americas

Source: Braskem

Quattor overview

Net Revenue R$ 4.1 billion

EBITDA R$ 462 million Resins capacity (kton/y)

1,915

Key Financials (2009 LTM*):

* LTM: Oct/08 to Sep/09

1,040

875

PP

PE

10

Profile:

9 petrochemical plants with 1st and 2nd

generations partially integrated: states of SP, RJ

Private company

Source: Braskem / Company estimates / Quattor

Transaction stages

1. Creation of BRK Investimentos Petroquímicos SA (BRK) that will hold Braskem’s common shares owned by Odebrecht (ODB) and Petrobras(PTB), followed by a capital increase of R$ 3,5 billion, R$ 1 billion from ODB and R$ 2.5 billion from PTB

BRK

ODB PTB

66,8% 33,2%

BRK

ODB PTB

53.8% 46.2%

CapitalODB/PTB

11

2. Braskem capital increase through Private Offer of R$ 4.5 billion, with a minimum subscription of R$ 3.5 billion assured by BRK. The Offer share price will be R$ 14.40 per share

3. Braskem acquires Unipar 60% stake of Quattor Participações for R$ 647.3 million from Unipar

4. Braskem merges Quattor shares, consolidating Petrobras/Petroquisa 40% interest in the Company

5. Braskem acquires 33.3% of Polibutenos and 100% of Unipar Comercial for R$ 52.7 million

Transaction is expected to be concluded by June

Source: Braskem

Benefits and strategic drivers of Sunoco acquisition

� Internationalization through the acquisition of an important player in the north American market

� World scale player, technologically upgraded and with access to competitive feedstock

� Development of global production base in a market with further industry consolidation opportunities

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� Foothold in the U.S. enhancing market for greenfield projects in Latin America

Adding Sunoco Chemicals to the Braskem group furthers our objective of

being among the top 5 global petrochemical companies in the world.

Source: Braskem

Sunoco Chemicals

Pittsburgh, PA

Marcus Hook, PA

Neal, WV

� R&T Center

� 1 PP

Profile:

3 PP plants and 1 R&T Center: Texas, Philadelphia and West Virginia


EBITDA R$ 140 million

Key Financials (2009*):

* Company estimates

13

La Porte, Tx

Neal, WV

� 1 PP

� 1 PP

� 1 PPPhiladelphia and West Virginia

- Capacity: 950 kty

Public company

Favorable cost position and flexible product mix

Transaction:

� On February 1, 2010 Braskem acquired 100% of the shares of Sunoco Chemicals1, made up of the Sunoco Polypropylene Business

� Braskem America, a wholly owned subsidiary of Braskem, S.A. acquired the business for $350 million in cash, to be paid within 60 days

1 The Phenol Business does not form part of this transaction Source: Sunoco / UBS

Agenda


� Acquisitions



� The global petrochemical Industry


� 2009 Figures

Braskem - # 1 Resin Producer in the Americas, now with plants in the USA

Gross Revenue R$ 27.5 billion


EBITDA R$ 3.1 billion

Resins capacity (kton/y)

6,460

510

Key Financials (2009*):

15

Profile:

Source: Braskem

29 petrochemical plants : 26 in Brazil and 3 in the USA

Listed on 3 stock exchanges: BM&FBovespa, NYSE and Latibex

* Braskem 2009; Quattor LTM: Oct/08 to Sep/09; Sunoco: 2009 (Company estimates) 15

3,035

2,915

PVC

PP

PE

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

4th

1th

3,035

4,077 4,200

2,525 1,995

1,050

2,311

2,915 1,230 627

1,731

1,090

822 875

510

510

1,210

2,340

PVC

PP

PE

6,460

4,827

3,595

4,256

3,082

2,340 2,3111,915

5,307

950

Capacity in the America

s (kt/y)

16

8th

12th

Braskem post

operations

Exxon Mobil

Dow Lyondell Basell

Braskem Formosa Shintech Chevron Philips

Quattor Sunoco

1,050 1,040 950 PE

transactions

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 4,0793,595

transactions

World Capacity (kt/y)

Quattor AcquisitionCorporate Governance Principles

� Maintenance of Braskem as a Private Company

� Sharing of the strategic decisions (consensus approval)

� Principles for the nomination of the CEO and Executive Management

- Odebrecht nominates Chairman of the Board, CEO and CFO;

- Petrobras nominates Vice Chairman of the Board, the Chief Investments and Portfolio Officers;

- Other Executive Officers will be selected by the CEO and submitted to the Board of Directors for approval;

- For all the positions, members from among the best professionals in the market will be selected , renowned for their competence in exercising their functions.

� Braskem Executive Management in charge of operational issues, including the approval of Company’s Business Plan

� Preferred partner for investments in the Brazilian petrochemical industry – COMPERJ, Suape

- COMPERJ: petrochemical complex in Rio de Janeiro state (1st and 2nd generations)

- Suape: textile complex in Pernambuco state

17

Acquisitions don’t significantly change leverage

Estimated Capital Increase R$4.5bi –Quattor Acquisition

Estimated Capital Increase R$4.5bi –Sunoco Chemicals

Acquisition

� Strong liquidity with cash and cash equivalents of approximately R$8 billion (US$4.3 billion)

� Capital structure with significant leverage (Net Debt/EBITDA) of approximately 3x

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Cash & Cash Equiv. 8,065 7,435

Gross Debt 17,386 17,386

Net Debt 9,322 9,952

Net Debt / EBITDA 3.17x 3.23x

Quattor data LTM Sep/09Source: Braskem, Unipar and Sunoco

� Considering capital increase of only R$3.5 billion, leverage level is still comfortable: 3.51 to 3.56x

Agenda


� Acquisitions





� 2009 Figures

Growth with improved Competitiveness (1/2)

Mexico - Project Ethylene XXI: startup 2015

� Partnership with the Mexican group IDESA (65% Braskem, 35% IDESA) for the acquisition of ethane from PEMEX to be used as feedstock for an integrated petrochemical project : 1 Mtons/y of ethylene and 1 Mtons/y of PE

� Investment estimated in up to US$ 2.5 billion over the course of 5 years, planned to be financed by a project finance model with 70% debt and 30% equity

Venezuela: JV’s with Pequiven through Project Finances with only 30% equity (under review)

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with only 30% equity (under review)

Polipropileno del Sur – Propilsur: startup 2013

� ~350kton/y of PP and investments estimated at US$ 450 million (Paraguaná complex) or

� 450 kton/y of PP and investments estimated at US$1.2 billion (Jose complex)

Polietilenos de America – Polimerica: delayed

� 1.3 Mton of ethylene and 1.1 Mton/y of PE

Peru

� Braskem, Petrobras and PetroPerú concluded studies for the technical and economic pre-feasibility phase of an integrated project to produce 600 kton to 1,000 kton/y using the natural gas available in Peru as feedstock

Source: Braskem

Industrial assets

Greenfield projects

Projects with Petrobras

Growth with improved Competitiveness (2/2)

Brazil

Green Polyethylene: Commitment to Sustainability

� 200 kton/y of green PE

� Ethylene made from 100% renewable raw material, with sugarcane ethanol used as feedstock

� Investments of R$ 488 million and startup expected for 3Q10

� 70% of the ethanol volume required on final contract negotiation

� Partnerships with national and multinational customers: food, auto parts and cosmetic sectors

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auto parts and cosmetic sectors

PVC Alagoas

� 210 kton/y of PVC capacity expansion in Alagoas

� Investments around US$500 million and startup expected for the 2H2012

Partnership with Petrobras in new projects (under evaluation)

� Suape: textile complex in the northeast region

� Comperj: production and marketing of resins and basic petrochemicals to be developed in RJ state

Source: Braskem

Industrial assets

Greenfield projects

Projects with Petrobras

Agenda


� Acquisitions





� 2009 Figures

Global scenario

� Petrochemical prices are expected to keep their bullish trend during the 1Q10 and

beginning of 2Q10:

�Oil volatility and higher monomer cost

�Production constrains in USA, Europe and Asia due to the cold weather

�Planned maintenance shutdowns

�Operational problems in the Middle East

� However, several factors could push prices down:

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� However, several factors could push prices down:

�New monetary policy in China (credit restrictions) versus economic growth

�Sustainability of the European demand

�Unemployment rates continuing to discourage US consumers

� In Argentina, after a seasonal slowdown in industrial activity, market is expected to

improve during February

� Brazilian demand for finished products holding steady with room for price increases in

R$ given devaluation of the currency and strong international price environment

Potential positive factorsPoints of concern

Petrochemical Cycle Downcycle less severe than expected

� Uncertainty regarding the extent of the global economic recovery

� Incentives to sustain supply buildup

� Frequent delays in new capacities

� Operational and logistics problems

� Increased economic importance of emerging countries with relevant

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Supply & Demand Balance

� Incentives to sustain supply buildup

� China: import substitution

� New ethylene and resins capacities in the Middle East

� Stronger activity of capital investors in the commodity market

emerging countries with relevant domestic consumption, as Brazil and China

� Supply-demand geographical imbalance leads to logistics barriers

� Opportunities from assets on sale

� Limited capacity utilization helps to balance the market

Source: CMAI

84% 80%74%

90%

0 5,000

10,000 15,000 20,000 25,000 30,000 35,000 40,000 45,000

North Europe Middle East Asia

Global supply of ethylene

� Lower global demand

growth and new

capacity additions

expected to come on

stream limiting the

2009 expected utilization rate:

Kton

North America

Europe Middle East Asia

25

Nameplate Capacity Effective Production

utilization rates of the

actual players

� New capacity additions

could be delayed

New ethylene capacity additions globally (Mton):

Source: Parpinelli Tecnon / CMAI / SRI0

2

4

6

8

10

12

2010 2011 2012 2013

Delayed

Go ahead

Agenda


� Acquisitions





� 2009 Figures

Brazil: dynamic market with still low per capita consumption

Brazil:

� PE, PP and PVC per capita consumption(Kg per person)

76

68

57

1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008

PE PP PVC

27

27

* Compound annual growth rate Source: CMAI

11.112.5 13.6

14.5 15.416.2 16.6 16.1

17.8 17.518.7 18.0

20.2

5.2%CAGR*

21.922.7

USA Europe Japan

749

856 1,043 950

In Brazil, companies are exposed to a dynamic market with resilient growth

� Domestic demand for resins (Kton/y)

3,696

4,048

5%CAGR

10%4,226

1%

3,435

2,880

3,377

4,270

4%

2001 2004 2005 2006 2007 2008 2009

2,8803,435

1,695 1,833 1,964 1,966 2,014

9901,114

1,228 1,218 1,306

692

749

PVC

PP

PE

28Source: Braskem / Abiquim – domestic sales + imports

2,880

21.417 20.805 21.032 21.48622.127

22.818

-500

500

1.500

2.500

3.500

North America will be the natural market for Braskem’s projects

PE and PP Capacity (Kton/y) versus Operating rate (%)

82%

80%

79%

81%

83%

86%

26.000

27.000

28.000

29.000

30.000

31.000

Net Exporter

Resins’ net balance (Kton/y)

-2.500

-1.500

-500 2008 2009 2010 2011 2012 2013

PEs PP Domestic Demand

29Source: CMAI

24.000

25.000

26.000

2008 2009 2010 2011 2012 2013

Capacity Operating rate

� Hypothetical and announced capacity shutdowns should lead to an increase in operating rates

� Even considering a lower demand recovery, North America shall be a net importer of PP as of 2011

Net Importer

Management’s main priorities

� Continued strengthening of long-term relationship with Customers

� Support to the Brazilian petrochemical and plastic chain sustainability

� Implementation of the acquisition stages of Quattor and Sunoco

Chemicals

� Analysis of Braskem’s interest in the Suape (textile center) and Comperj

(1st e 2nd generation) projects

30

Financial strength and respect for minority shareholdersFinancial strength and respect for minority shareholdersOpportunities for internationalizationOpportunities for internationalization

(1st e 2nd generation) projects

� Conclusion of Green PE plant: on schedule and within planned Capex

� Projects in Latin America: competitive feedstock

� Assessment of selective acquisitions in North America

� Maintain financial health and liquidity

Meeting with Investors

March, 2010