1

José Carlos Grubisich

4Q07 Results Conference Call

Carlos Fadigas

2

Forward-looking Statements

This presentation contains forward-looking statements. Such statements are not

statements of historical facts, and reflect the beliefs and expectations of Braskem’s

management. The words “anticipates”, “wishes”, “expects”, “estimates”, “intends”,

“forecasts”, “plans”, “predicts”, “projects”, “targets” and similar words are intended

to identify these statements. Although Braskem believes that expectations and

assumptions reflected in the forward-looking statements are reasonable based on

information currently available to Braskem’s management, Braskem cannot guarantee

future results or events.

Forward-looking statements included in this presentation speak only as of the date

they are made (December 31, 2007), and the Company does not undertake any

obligation to update them in light of new information or future developments.

Braskem shall not be responsible for any transaction or investment decisions that are

taken based on information included in this presentation.

3

Braskem: 2007 Highlights

• Consolidation of the Brazilian Petrochemical Industry

– Acquisition of petrochemical assets of Ipiranga Group and Copesul

– Delisting of Copesul and cancellation of its registration as publicly-held

company

– Investment Agreement with Petrobras

• Operating and Financial Performance

– 10% growth in the Brazilian resins market (PE, PP and PVC)

– Record resins production and sales in 2007

– Gross revenue reaches R$ 24 billion (US$ 12,3 billion)

– EBITDA of R$ 3.2 billion (US$ 1.6 billion)

– Net Income before minority interest is nearly R$ 1 billion

– Net income after minority interest reaches R$ 568 million

• Dividend Payment of R$ 278.5 million

• Braskem rating upgraded in global scale

– S&P raises rating and Fitch upgrades outlook for Braskem. Moody’s

initiates rating

– Braskem is 1 notch from Investment Grade

• Petroquímica Paulínia operations startup in March 2008

• Growth projects move forward

– Venezuela (450 Kton of polypropylene and 1,100 Kton of polyethylene)

• Joint Ventures created

• Approval of initial investment of US$ 90 million throughout 2008-2009

period

• Innovation & Technology

– In 2007, certification of the first Green Polyethylene in the world – from

sugarcane ethanol – Annual capacity of 200 kton

– Conversion of MTBE units into ETBE units from ethanol

4

Braskem: 2007 Highlights

5

Braskem:Record resins production and high capacity utilization rates

4Q07

95%

3Q07

96%

pp

88%

PE

3Q07 4Q07

PVC

94%89%

3Q07 4Q074Q073Q07

Ethylene

92%94%93%

Source: Braskem

Resins Production Kton

4Q06 4Q06 4Q064Q06

99%

94%

86%

93%

Utilization Rates %

20072006

2,7402,824

+3.1%

Record annual

production in 2007

=> 2,824 Kton

4Q074Q06

691702

+1.6%

6

BraskemRecord resins sales and strengthening of market leadership

*Domestic Sales + Imports

Source: Braskem / Abiquim

Domestic Sales 4Q06 x 4Q07 % Resins Market Share 4Q07

+40%

+ 23 %

+32%+ 33%

+24%

PVCPP Braskem

ResinsPE Brazilian

Market *

Others

Imports

30%

52%

18%

1,932

2,089

2006 2007

Braskem Resins Export Kton

+8%

7

Braskem:Improvement in key indicators

21,55023.870

Gross Revenue R$ million Net Revenue R$ million

16,969

18,825

Exports US$ million

2,065

2,311

2006 2007

EBITDA R$ million

3,177

3,023957

Income before Minor. Interests R$ million

2006 20072006 2007

2006 20072006 2007

564

Source: Braskem

+11%+11% +12%

+5%+70%

568

Income after Minor. Interests R$ milhões

2006 2007

117+385%

8

755

3Q07 4Q07PricesFixed

costs/

SG&A

VolumeExchange

Rate

Source: Braskem

(119)

R$ millionForeign Exchange

impact on costs

Foreign

Exchange

impact on

revenue

Feedstocks

(335)

412

(28)

Others

(3)

(317)

198

Braskem: EBITDA EvolutionCommercial strategy minimizes impact of both Naphtha price increases

and Exchange Rate

648(34)

9Source: Braskem

Braskem: Financial Performance Income before minority interest was approximately R$ 1 billion

R$ million

4Q07 4Q06 Chg % 2007 2006

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

Net Revenue 4,809 4,223 14% 18,825 16,969

EBITDA 648 938 -31% 3,177 3,023

EBITDA Margin 13.5% 22.2% -8.7 pp 16.9% 17.8%

Net Financial Result (54) (260) -79% (284) (1,013)

Net Income before Minority Interest 25 208 957 564

Main Financial IndicatorsChg %

(C)/(D)

11%

5%

-0.9 pp

-72%

70%

Net Income 27 79 568 117 385%

-88%

-66%

10

TJLP

8%

CDI

15%Pré

6%

US$ - Non Trade

Finance

36%

US$ - Trade Finance

35%

2016 /

2017

Source: Braskem

Braskem:Debt maturity extension is a priority

R$ Million (12/31/07)

12/31/07

2,259

Gross Debt: 8,382

Net Debt: 6,123

2008

Invested in US$

Invested in R$

Cash & Cash Equivalents

977

2009 2010 2011

1,180

679497

2012 /

2013

2014 /

2015

2018 /

2019Perpetual

14%

31%

8%10%

9%

6% 4%

7%

US$

71%

1,282

•Includes R$ 1.7 billion from the bridge loan for the acquisition of Grupo Ipiranga petrochemical assets

11%

Average Maturity: 11 years

752805895

360 620

892

1,702*

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Net Debt / EBITDA LTM * (x)

Sep 07 Dec 07

1.44

1.93

34%

2.20

Dec 06

2.72

• Moody’s initiates rating with Ba1 - stable

• Standard & Poors raises rating to BB+ - stable

• Fitch upgrades outlook to positive

Braskem Rating

Braskem is 1 notch

from Investment Grade

Conclusion of

Ipiranga

Acquisition -

Estimate

LTM – Last Twelve Months

Source: Braskem / Rating Agencies

Braskem:Leverage reduced by acquisition combined to improved rating

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Braskem: Operating investments surpass R$ 1.3 billion

Source: Braskem

351

327

130

62

120

263

31

1,344

2007

60

R$ million

2008

1,354*

238

227

162

32

197

355

82

61

Equipment Replacement

HSE

Technology

Productivity

Maintenance

Others

Capacity Increases

* Does not include investment of US$ 90 million in Venezuela

Information System

13

New Share Buyback ProgramProgram size is US$ 150 million*

• Proposed the cancellation of 16,594 thousand shares held in treasury, in the amount of R$ 244 million

• Decided the new buyback program for preferred class A shares (PNA)

• Bought back shares will be firstly held in treasury and posteriorly sold (sale or exchange) or cancelled

• Program is expected to be concluded in 12 months

• Investment to fully implement the program is estimated at R$ 252 million (US$ 150 million)

(*) Braskem preferred share (BRKM5) price on 02/15/2008

14

Braskem: 2008 OutlookGlobal petrochemical player

• Operating and Financial Performance

– Domestic resins market growth ranging from 8% to 10% in 2008

– Resins market leadership

– Reduction in fixed costs and expenses – impact of R$ 100 million from 2008 on

– Strong commitment with profitability in domestic and external markets

• Petroquímica Paulínia operations startup (PP)

• Growth Projects

– Venezuela

• Progress in studies and presentation of PP project to Braskem and Pequiven Boards of Directors

• Innovation and Technology

– Approval of investments for the construction of Green PE Unit, with annual capacity of 200 Kton

• Consolidation of the Brazilian Petrochemical Industry

– Conclusion of Copesul and Ipiranga Group petrochemical assets acquisitions

– Implementation of the Investment Agreement with Petrobras

– Capture of Synergies amounting to US$ 1.1 billion in NPV

Social and Environmental Responsibility

15

José Carlos Grubisich

4Q07 Results Conference Call

Carlos Fadigas

Visit our website: www.braskem.com.br/ri