Conference CallConference CallConference Call4Q10 and 2010Conference Call4Q10 and 2010

Investor Relations

São Paulo, March 18, 2011

Investor Relations

São Paulo, March 18, 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.

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� Braskem’s EBITDA was R$ 1.1 billion in 4Q10 with a 14.9 %

EBITDA margin

� 2010 EBITDA reached R$ 4.1 billion, a 27% growth over

2009

� Quattor EBITDA increased 78% reaching R$1 billion

� Braskem’s domestic resin sales rose 11%

� 2010 Net Income was R$ 1,9 billion

3,181

4,055

2009 2010

EBITDA (R$ million)

+27%

1,638

2,308

2009 2010

EBITDA (US$ million)

+41%

Highlights

3*Last 12 Months EBITDA (LTM)

� Braskem is committed to its financial solidity:

� Debt prepayment and long term bonds issue, lengthened the average debt term to 12.5 years

� Net Debt/EBITDA* ratio fell from 3.59x (Dec/09 pro forma) to 2.43x in Dec/10

� The Administrative Council of Economic Defense (CADE), approved without restrictions the acquisition of Quattor

� Synergies from the acquisition are expected to R$377 million in annual EBITDA for 2011

� Ethylene XXI Project – Mexico

� Letters of interest for the finance of the project surpassed its financing needs

� Strategic partnership with Lyondell Basell for the use of the technology at the polyethylene plants

North America

29%Asia

Europe

10%

Others

14%

� Origin of Imports in 2010

(PE, PP and PVC)

� Braskem’s Sales Profile – 2010

� Domestic Resins Performance – 4Q10 Vs. 3Q10

Braskem’s Sales

Brazilian market

-6%

-5%

Domestic market performance

Argentina

21%

Colombia

15%

Mexico

1%

Asia

10%

Source: Tendências Consultoria, Abiquim, Braskem

Americas account for 67% of imports

4

� Imports continued to represent 26%

of the domestic market

29%

18%

13%

9%

7%

6%

4%

4%

10%

FOOD

PACKAGING

RETAIL

HYGIENE AND

CLEANING

CONSUMER

GOODS

CONSTRUCTION

AUTOMOTIVE

AGRIBUSINESS

INDUSTRIAL

OTHERS

1,033

345

64

75 32

1,074

FX impact

on costs 127

FX impact on

revenues(191)

( )

( ) ( )

R$ million

EBITDA performance: 4Q10 vs. 3Q10

� Although sales volume was impacted by lower seasonal

demand, contribution margin was offset by the higher

prices in Brazilian real. FX impacted by the appreciation in

Brazilian real.

134

75 32

EBITDA

3Q10

Volume Contribution

Margin

FX Fixed Costs

SG&A

Others EBITDA

4Q10

( )

( ) ( )

Source: Braskem 5*SG&A: R$29 million of non-recurring expenses in 4Q10

EBITDA performance: 2010 vs. 2009

� 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)

6*SG&A: R$244 million of non-recurring expenses in 2010Source: Braskem

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

( )

( ) ( )

Strong cash generation and competitive margins

786

1,036 1,074

12.1% 14.1% 14.9%

-60.0%-40.0%-20.0%0.0%20.0%40.0%

3,181

4,055

14.0% 14.6%

EBITDA (R$ million) and

EBITDA Margin (%)

7Non-recurring Financial Expenses: approx. R$250 million in 4Q10 and R$464 million in 2010Source: Braskem

-140.0%-120.0%-100.0%-80.0%-60.0%

3Q09 3Q10 4Q10 2009 2010

4Q10 3Q10 4Q09 Chg. Chg. 2010 2009 Chg.

(A) (B) ( C) (A)/(B) (A)/( C) (D) (E) (D)/(E)

Net Financial Result (541) 183 (981) - -45% (1,618) 266 -

Foreign Exchange Variation (FX) 106 638 166 -83% -36% 405 2,782 -85%

Monetary Variation (MV) (65) (40) (140) 63% -54% (355) (511) -31%

Net Financial Result (583) (416) (1,006) 40% -42% (1,668) (2,005) -17%

R$ Mill ion

Leverage decrease and longer average debt term

2.43x

2.64x

3.59x

Dec-10

Sep-10

Dec-09

Net Debt/EBITDA(R$)

-32%

-8%

393

583*

20%

Amortization Schedule(1)

(million of R$)

12/31/2010

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

prepayment and others financing operations lengthened the

average debt term to 12.5 years

2.56x

2.76x

4.00x

Dec-10

Sep-10

Dec-09

Net Debt/EBITDA(US$)

-36%

-7%

2,4961,733

1,245

1,8201,694

1,0731,360

1,244

2,594

393

2011 2012 2013 2014 2015 2016/

2017

2018/

20192020

onwards12/31/10

Cash

13%

10%

14%13%

8%

11%10%

2,889

(1) Does not include transaction costs

*US$350 million of Stand byInvested in US$

Invested in R$

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

* Annual and Recurring

350

Industrial Logistics Supply EBITDA Synergies

Source: Braskem

234

Industrial Logística Suprimentos EBITDA SinergiasIndustrial Logistics Supply EBITDA Synergies

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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

2011 Capex and Projects

Ethylene XXI (JV Braskem and IDESA) – Mexico

� Startup: January 2015

� PEMEX guarantees the supply of ethane

� Integrated project: 1 Mton/year ethylene and 1Mton/year PEs

� Investment: US$ 2.5 billion (project finance)

� Mexico imports 68% of its total PE demand (1.8 Mton/year)

� Financial advisor: Sumitomo

� Strategic partnership with Ineos and Lyondell Basell for the use of the technology

at the PE plants

� More than US$5 billion in letters of interest for the project finance

391 Maintenance Shutdown

1,644

Investments

(R$ million)

10

� More than US$5 billion in letters of interest for the project finance

� 2011 Focus

� Cracker technology definition

� Structuring of the Project Finance

� Conclusion of the engineering and construction agreement

PVC Alagoas - Brazil

� Characteristics:

� Startup: May 2012

� Expansion of 200 kton/y in PVC capacity

� Investments of US$470 million and expected NPV ~US$450 million

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

million from BNB

278

89

243

407

94

142

2011e

HSE

Productivity

Capacity Increase / PVC Alagoas

Equipment Replacement

Mexico

Others

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

expected for 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� 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

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Conference CallConference CallConference Call4Q10 and 2010Conference Call4Q10 and 2010

Investor Relations

São Paulo, March 18, 2011

Investor Relations

São Paulo, March 18, 2011