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JosJoséé Carlos GrubisichCarlos Grubisich

Earnings Conference Call Earnings Conference Call –– 2Q072Q07

Carlos Carlos FadigasFadigas

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Forward-looking StatementsForward-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 (June 30, 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.

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EBITDAEBITDA US$ MMUS$ MMNet Net RevenueRevenue US$ MMUS$ MM

5,388

2T07*LTM

2,375

2002

4,769

2005

3,771

2004

3,008

2003 2006

8,744

34%CAGR

2T07*LTM

457

2002

851

2005

871

2004

581

2003 2006

1,671

33%CAGR

758

19%19% 18%23%19% 14%EBITDAmargin

BraskemGrowth and profitability accelerated by the acquisitionBraskemGrowth and profitability accelerated by the acquisition

2Q07 (LTM) EBITDA Margin of 19%

* 2Q07 LTM – Consolidated Braskem Pro Forma – Other periods with real information.Source: Braskem

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Braskem: Highlights of 2Q07Important strategic eventsBraskem: Highlights of 2Q07Important strategic events

• Braskem launches the first green polyethylene in the world

• Acquisition of Ipiranga’s petrochemical assets– The acquisition of Ipiranga Petroquímica minorities was concluded– CVM announces that a public tender offer (“OPA”) for Copesul shares is not required– Braskem awaits CVM approval for the publication of the OPA notice

• Odebrecht capitalizes Braskem’s debentures in the amount of R$ 1.2 billion– BNDESPar exchanges Odebrecht’s debentures for Braskem’s Class A Preferred Shares

FREE FLOAT 12.3% 44.9%

ODEBRECHT37.3%59.4%

NORQUISA*7.1%19.8%

PETROQUISA6.8%8.1%

OTHERS**37.5%12.3%

CONTROLLING SHAREHOLDER

% Voting Capital % Total Capital

79.2% 44.4%

*Odebrecht has 100% of Norquisa**Does not include treasury shares (3.7% of total)

BNDESPAR7.4%0.0%

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BraskemHigher capacity coupled with higher operating reliability leverage our production volumes

BraskemHigher capacity coupled with higher operating reliability leverage our production volumes

2Q07

96%

1Q07

97%pp

92%

PE

1Q07 2Q07

PVC

88%92%

1Q07 2Q072Q071Q07

Ethylene

91%96% 96%

Source: BraskemPPPE PVCEthylene

+8%

+3%

+10%

+5%

ProductionProduction Volume Volume –– 1H07 x 1H061H07 x 1H06 %%

2Q06 2Q06 2Q062Q06

96%

78%

92%91%

CapacityCapacity UtilizationUtilization RateRate %%

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BraskemStrengthening of our market leadershipBraskemStrengthening of our market leadership

* Domestic Sales + ImportsSource: Braskem / Abiquim

Others

Imports

34%

16%

50%50%

Resins Market Share Resins Market Share -- 1H071H07

PVCPP BraskemResins

PE

+7%+9% +9%+9%

Market

+6%

SalesSales Volume Volume –– 2Q07 x 1Q072Q07 x 1Q07 %%

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Braskem Figures - 2Q07 x 2Q06Evolution of Operating and Financial performanceBraskem Figures - 2Q07 x 2Q06Evolution of Operating and Financial performance

Source: Braskem

2Q06 2Q07

4.048

4.969

Mar 07

Jun 07

2,18

1,49

2Q06 2Q07*

562

921

2Q06 2Q07 *

257

465

2Q06 2Q07

(55)

2Q06 2Q07

496

675

% of Net Operating

Revenues

R$ million R$ million

-32%

27%27%

281

+64%+23%

+36% +81%

* Includes R$ 111 MM (US$ 56 MM) of non-recurring revenues in 2Q07

R$ millionNet RevenueNet Revenue R$ millionR$ million

ExportsExports US$ millionUS$ million EBITDAEBITDA US$ millionUS$ million

R$ millionEBITDAEBITDA R$ millionR$ million R$ millionNet IncomeNet Income R$ millionR$ million

Net Debt/EBITDANet Debt/EBITDA X LTMX LTM

8

562

2Q06 2Q07Prices Costs/SG&AVolume FX Rate

(158)

Non-recurringPis/CofinsRevenue

130

Source: Braskem

Braskem: EBITDA Evolution – 2Q07 vs. 2Q06Price increase surpass costs with naphthaBraskem: EBITDA Evolution – 2Q07 vs. 2Q06Price increase surpass costs with naphtha

R$ million Foreign Exchange impact on costs

271

(429)

Foreign Exchange impact on revenue

RawMaterial

(391) 921

743

111

(76)

9

853

(99)

190

Source: Braskem

Braskem: EBITDA Evolution – 2Q07 vs. 1Q07 Commercial Performance surpass costs with naphtha price increaseBraskem: EBITDA Evolution – 2Q07 vs. 1Q07 Commercial Performance surpass costs with naphtha price increase

R$ million 172

(271)

(524)

921

374

111 16

1Q07 2Q07PricesCosts/SG&AVolume FX RateNon-recurring

Pis/CofinsRevenue

Raw Material

Foreign Exchange impact on costs

Foreign Exchange impact on revenue

10Source: Braskem

Braskem: Economic and Financial PerformanceOperating performance and improved financial results leverage Net IncomeBraskem: Economic and Financial PerformanceOperating performance and improved financial results leverage Net Income

R$ million

Main Figures

Net revenue

EBITDA

EBITDA Margin

Net Financial Result

Net Income

2Q07(A)

4,969

921

18.5%

(59)

281

2Q06(B)

4,048

562

13.9%

(317)

(55)

Change. %(A)/(B)

23%23%

64%64%

+4.6 +4.6 pppp

--81%81%

--

1H07(C)

9,393

1,774

18.9%

(163)

408

1H06(D)

8,022

1,290

16.1%

(357)

92

Change. %(C)/(D)

17%17%

37%37%

+2.8 +2.8 pppp

--54%54%

344%344%

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BraskemThe largest petrochemical company in Latin AmericaBraskemThe largest petrochemical company in Latin America

Gross RevenueGross Revenue

US$ 11.0 bi

Net RevenueNet Revenue

US$ 8.7 bi

EBITDAEBITDA

US$ 1.7 bi

ExportsExports

US$ 2.4 bi

AssetsAssets

US$ 10.3 bi

Note Amounts on 06/30/07 – Pro forma basis: last twelve months Source: Braskem

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JosJoséé Carlos GrubisichCarlos Grubisich

Earnings Conference Call Earnings Conference Call -- 2Q072Q07

Carlos Carlos FadigasFadigas