Meeting with Investors Investors

4Q09 Results

Bernardo GradinCEO

Carlos Fadigas CFO

Luciana FerreiraIRO

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

� 4Q09 Results

� Growth with Value Creation

3

� Growth with Value Creation

Agenda

� 4Q09 Results

� Growth with Value Creation

4

� Growth with Value Creation

Global Scenario

� Recovery of resins and basic petrochemicals prices in the 4Q09:

� Increase in naphtha and oil prices

� Operational problems and feedstock availability (winter season)

� Recovery of Chinese demand and developed markets

� Delays in the startups of new capacities, planned maintenance shutdowns and

continued operational problems favor the short term scenario

� However, other factors may lead to a new downward trend in prices:

5Source: Braskem / CMAI

� However, other factors may lead to a new downward trend in prices:

� Credit restriction announced by the Chinese government

� Sustainability of the European demand recovery

� High unemployment rates in the USA negatively impacting the recovery in

consumption

� Additionally, the announcement of new capacities exceed the growth in world

demand, which shall impact the profitability of the global petrochemical industry in

2010 and 2011

Regional Scenario

� Braskem plants(a) operating at high rates

� The recovery of domestic demand for thermoplastic resins, intensified during

2H09, has led to a 1% growth in annual demand, which reached 4,2(b) million tons

� 4Q09 was not affected by seasonal downward cycle, consolidating the recovery

in the Brazilian market

� Brazilian demand for finished goods remains strong in the beginning of 2010, which

6

(a) Not including Quattor and Sunoco assets(b) Braskem estimates, as Abiquim did not disclose the Brazilian apparent consumption data.

Source: Braskem / CMAI

� Brazilian demand for finished goods remains strong in the beginning of 2010, which

should support higher prices in the region, following the upward trend in

international prices

� Argentina, after a seasonally weak period, shows signs of recovery in both prices

and demand

Highlights

� Resins production increased 10% in 2009, reaching 3.1 million tons

� Olefins and aromatics sales grow more than 20% in 2009

� Recovery in the domestic market and new opportunities in international markets

� Record production in 2Q09 and 3Q09

� EBITDA reaches R$ 2.5 billion in 2009 with margin of 16.2%, 2.83 p.p. higher than

7

� EBITDA reaches R$ 2.5 billion in 2009 with margin of 16.2%, 2.83 p.p. higher than 2008

� Braskem, in association with IDESA, announces an integrated project in Mexico for the production of 1 million ton/year of ethylene and 1 million ton/year of PEs

� In January 2010, Braskem announced the acquisition of Quattor, becoming the leading thermoplastic resins producer in the Americas

� And ten days later, the Company announced the acquisition of polypropylene assets belonging to Sunoco Chemicals, an important step in its internationalization process

Source: Braskem

Braskem still operating at high rates

Capacity Utilization Capacity Utilization %%

73%

97% 93%

65%

94% 90%69%

98%90% 95% 96% 99%

4Q08 3Q09 4Q09 4Q08 3Q09 4Q09 4Q08 3Q09 4Q09 4Q08 3Q09 4Q09

PE PP PVCETHYLENE

8Source: Braskem

Resins ProductionResins Production KtonKton

� Even with the reduction in operating

rates compared to the 3Q09,

crackers and 2nd generation units still

present good operating performance

in 4Q09

4Q08 3Q09 4Q09 4Q08 3Q09 4Q09 4Q08 3Q09 4Q09 4Q08 3Q09 4Q09

626

857 815

4Q08 3Q09 4Q09

-5%

Effluents(m3/t)

2.712002

1.232009

-54%

Brazil CI: 2.8

Water Consumption(m3/t)

5.492002

4.022009

-27%

World CI: 27.8

Total Recordable Cases Accidents Rate(employees and contractors – 1.000.000 mh)

5.122002

0.882009

-83%

Strong Improvement since 2002

Health, Safety and Environmental Results

2008 Brazilian Chemical Industry data (Abiquim 2009)2007 World Chemical Industry data (ICCA, 2009)

2009

Solid & Liquid Residues (kg/t)

9.932002

2.762009

-72%

Brazil CI: 2.8

Brazil CI: 11.9

2009

Energy Consumption (GJ/t)

11.962002

11.222009

-6%

World CI: 27.8

Brazil CI: 7.4

2009

Lost Time Cases Accidents Rate(employees and contractors – 1.000.000 mh)

0.852002

0.182009

-79 %

World CI: 3.9

Brazil CI: 11.8

Source: Braskem

1,056 1,120 1,087 910 902

1,060 1,157 1,151

1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09

Demand stability in 4Q09 reflects good performance of the sectors

0%

Apparent Consumption

(000 tons)

+16%

10Source: Abiquim, Braskem estimates

Sectors related to consumer goods have driven the demand for thermoplastic resins

CONSUMER GOODS56%

DURABLE GOODS8%

AGRIBUSINESS5%

CONSTRUCTION21%

INDUSTRIAL6%

OTHERS4%

Seasonal slowdown didn’t occur in 4Q09 and market grows in 2009

Domestic Sales in 2009 vs. 2008Domestic Sales in 2009 vs. 2008 %%

9%

11

* Braskem estimates: Domestic sales + Imports

-2%

-8%

0% 1%

PE PP PVC Total

Resins

Brazilian

Market*

Source: Braskem

R$ million

EBITDA Prices increases are not sufficient to offset higher costs and lower sales volume

838

287 73

(217)

(112)

FX impact on Revenues

FX impact on costs

(324)

203

12Source: Braskem

(112)

(121)(69)

(65)

614

EBITDA

3Q09

Price Tax

Renegotiation

Program

Raw

Material

Other

Variable

Costs

FX Volume Fixed Cost/

SG&A

Others

EBITDA

4Q09

Main Economic Indicators

Main Economic Main Economic IndicatorsIndicators

4Q09 4Q09 (A)(A)

3Q09 3Q09 (B)(B)

4Q08 4Q08

( C)( C)

Chg. % Chg. % (A)/(B)(A)/(B)

Chg. % Chg. % (A)/( C)(A)/( C)

2009 2009 (D)(D)

2008 2008 (E)(E)

Chg. % Chg. % (D)/(E)(D)/(E)

Net Revenue 4,253 4,047 4,273 5 0 15,248 18,541 (18)

EBITDA 614 838 577 (27) 6 2,475 2,485 0

R$ million

EBITDA 614 838 577 (27) 6 2,475 2,485 0

Ebitda Margin 14.4% 20.7% 13.5% -6.3 p.p. 0.9 p.p. 16.2% 13.4% 2.8 p.p.

Net Financial Result (655) 243 (2,250) - (71) 572 (3,696) -

Net Income (893) 645 (2,138) - (58) 917 (2,457) -

13Source: Braskem

Comfortable cash position covers2 years of debt amortization

R$ Million (12/31/09)

Gross Debt: 9,760Gross Debt: 9,760

Net Debt: 6,612Net Debt: 6,612

Average Term: 9.5 yearsAverage Term: 9.5 years

64% 64% of debt pegged to USD of debt pegged to USD

Net Debt / EBITDA (x) US$Net Debt / EBITDA (x) US$Net Debt / EBITDA (x) R$Net Debt / EBITDA (x) R$

3,148

2.74 2.67

Sep 09 Dec 09

-3%3.21 2.98

Sep 09 Dez 09

-7%

14Source: Braskem

2010 201112/31/09 2012 2013 2014/2015

2016/2017

2018/2019

2020onwards

1,854 1,834 1,642 1,267 1,213 1,163

585

1,224 871

1,295

In US$

In R$

19%17%

13% 12% 12%

6%

12%

9%

Agenda

� 4Q09 Results

� Growth with Value Creation

15

� Growth with Value Creation

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

16

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 utilization rates 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

17

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 / SRI

0

2

4

6

8

10

12

2009 2010 2011 2012 2013

Delayed

Go ahead

Vision 2020: Leader in the

Americas, rank among the 5

largest petrochemical

companies worldwide and to

be positioned as the preferred

Strategic direction

be positioned as the preferred

partner for global alliances

18Source: Braskem * Enterprise Value

Drivers of the strategic direction

Raw material availability and

energy at low cost

1919Source: Braskem

Technological

Autonomy

International Expansion in

Attractive Markets

Corporate

Differentiation

Diversification of Products and Businesses

People

Benefits and strategic drivers of the acquisitions

Quattor:

� 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

� Value creation for all shareholders

Sunoco:

20

Sunoco:

� 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

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

The acquisition of Quattor and Sunoco’s PP assets reinforces Braskem objective of

being among the top 5 global petrochemical companies in the world

510

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

Key Financials (2009 *):

Resins capacity (kton/year)

6,460

* Quattor LTM: Oct/08 to Sep/09

Gross revenue R$ 27.5 billion

Net revenue R$ 21.2 billion

EBITDA R$ 3.1 billion

3,035

2,915

PVC

PP

PE

2121

Profile:

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

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

Source: Braskem / Company estimates

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

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

4th

1th

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

22

8th

12th

Braskem post

operations

Exxon Mobil

Dow Lyondell Basell

Braskem Formosa Shintech Chevron Philips

Quattor Sunoco

1,050 1,040 950 PE

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

23

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

Current assets distribution and projects location

Industrial Assets Greenfield Projects

Bahia - Brazil� 1 naphtha cracker� 3 PE� 1 PP� 1 PVC� 1 Chlorine - Soda

Alagoas - Brazil� 1 PVC� 1 Chlorine - Soda

São Paulo - Brazil

Rio Grande do Sul- Brazil� 1 Green PE

Alagoas – Brazil� 1 PVC

Mexico�1 gas cracker�3 PE

Peru�1 gas cracker

24

New Projects(1)

with Petrobras

Comperj – RJ, Brazil� 1st and 2nd

generations

Suape – PE, Brazil� Textile complex

São Paulo - Brazil� 1 naphtha cracker� 2 PP� 3 PE

Rio de Janeiro - Brazil� 1 gas cracker� 1 PP� 3 PE

Rio Grande do Sul - Brazil� 1 naphtha cracker� 5 PE� 2 PP

United States � 3 PP

�1 gas cracker�1 PE

Venezuela�1 gas cracker�1 PP�1 PE

Source: Braskem

(1) Analysis of economic viability, in accordance to the Investment Agreement

Management’s main priorities

� Continued strengthening of long-term relationship with Customers

� Support to the Brazilian petrochemical 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

25

Greater operational and financial strengthGreater operational and financial strengthInternationalizationInternationalization

(1 e 2 generation) projects

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

� Projects in Latin America: competitive feedstock

� Assessment of selective acquisitions in North America

� Support alliances with global companies

� Prioritizing financial health and liquidity

Meeting with Investors Investors

4Q09 Results

Bernardo GradinCEO

Carlos Fadigas CFO

Luciana FerreiraIRO