NonNon--dealdeal RoadshowRoadshowMarchMarch 20092009

2

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 were made (December 31, 2008), 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.

ForwardForward--looking Statementslooking Statements

3

AgendaAgenda

� The Company & 2008 Financials

� Key Differentiators

3

� Petrochemical Industry

4

Braskem in a snapshotBraskem in a snapshot

� Leading petrochemical company in Latin America

� Third largest resins producer in the Americas

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

� 18 manufacturing plants in Brazil and annual production capacity of 11 million tons of chemical and petrochemical products

� Key financials, 2008� Gross revenue = US$ 12.8 billion� Net revenue = US$ 10.0 billion (78% in Brazil)

� Ebitda = US$ 1.3 billion� Assets = US$ 9.7 billion

� Listed at Bovespa, NYSE and LATIBEX

5

Ownership Structure Ownership Structure –– Leveraging Leveraging

relationship with Petrobrasrelationship with Petrobras

• Potential for operational synergies with refineries and partnership with Petrobras R&D Center

• Alliance to strengthen Brazil’s petrochemical value chain

– Consolidation around 2 large competitors (Braskem & Quattor)

– Access to competitive raw materials

– Improved value chain competitiveness

• Corporate governance standards: Shareholders’ agreement

Leveraging relationship with Petrobras: NOC alliance

ODEBRECHT GROUP

39.3%62.3%

PETROBRAS

23.8%31.0%

OTHERS

31.7%6.7%

BNDESPAR

5.2%0.0%

% Voting Capital % Total Capital

6

ConvertersBasic petchem Resins

Industrial integration

Innovation & technology

Innovation & technology

Service and logbarriers

Service and logbarriers

Oil/Gas-refineries

Competitiveraw material

Competitiveraw material

Enhanced competitiveness Enhanced competitiveness

through value chain integrationthrough value chain integration

Operationalsynergies

Operationalsynergies

ELECTRIC AND ELECTRONIC

INDUSTRIAL

AUTOMOTIVE

% PP Sales% PP Sales

6%

5%

17%

31%

9%

6%

12%10%

4%

FOOD PACKAGING

CONSUMERGOODS

OTHERS

COSMETICS AND PHARMACEUTICALS

AGRICULTURE

CLEANING MATERIAL

CONSUMER GOODS

CONSTRUCTION

CLEANING MATERIAL

CHEMICALS AND AGROCHEMICALS

AUTOMOTIVE

FOOD PACKAGING

7%

8%

4%

15%

3%

4%

24%

OTHERS

18%

13%

RETAIL

AGRICULTURE

4%

COSMETICS AND PHARMACEUTICALS

% PE Sales% PE Sales

AUTOMOTIVE

% PVC Sales% PVC Sales

12%

2%

4%

58%

20%

2%

1%1%

ELECTRIC AND ELECTRONIC

FOOD PACKAGING

CONSUMER GOODS

INFRASTRUCTURE

CLEANING MATERIAL

CONSTRUCTION

CHEMICALS AND AGROCHEMICALS

MarketMarketShareShare 50%50% 53%53% 51%51%

Source: Braskem / Abiquim

7

Track record of strong and consistent Track record of strong and consistent

organic growth and acquisitions organic growth and acquisitions

2012

2002

Rank amongst the Rank amongst the 10 10 largest petrochemical largest petrochemical companies in the world companies in the world

measured by EV*measured by EV*

Become the Become the largestlargestthermoplastic resins thermoplastic resins producer in Latin producer in Latin

AmericaAmerica

2006TrikemTrikem

2007PolialdenPolialden

PolitenoPolitenoIPQ / CPSIPQ / CPS

2000 2002 2004 2005 2006 2007

1,200

3,045 3,2253,621

5,551

3,145

2008

5,901

Organic growth

Acquisitions

Braskem’s Ethylene and resins capacity (kt) 22% CAGR

2008

PauliniaPaulinia

* Enterprise Value

8

Structured resource base to support client needs

�Over US$ 160 million in R&D assets

�200 researchers

�8 pilot plants

�219 patents filed

�Partnership with universities and R&D centers in

Brazil and abroad

88

Applied Innovation and technology to Applied Innovation and technology to

strengthen value chain competitivenessstrengthen value chain competitiveness

• Focus on product and application development

– 18% of resin sales derive from products developed in the last three years

– Focus on clients’ end users

• Targeted initiatives for breakthrough technology

– Nanotechnology and intelligent packaging

– Renewables

Source: Braskem

99

Green Polymer: Green Polymer:

Pioneering Pioneering renewablesrenewables

• Proven higher value added: green label earns price premium

• Demand potential > 500 Kton/y

• Price premium for pioneering

• Competitive production cost compared to standard technology

• Extended R&D network with universities and bio genetic companies focused on developing new products platforms on renewable feedstock

• Pilot plant producing @ 12 ton/year – samples under client tests

• Industrial plant under construction

• Ethylene plant from ethanol – 200 Kton/y

• Startup in 2011 in Triunfo, RS

• Investment of US$ 200 million (R$ 488 million)

100% renewable feedstock

Sugar Cane Ethanol

Certified by Beta Analytics USA

Main laboratory in the world specialized in carbon

analysis

Association with Brazilian and multinational companies

Food, automotive and cosmetic industries

10

Growth combined withGrowth combined with

improved competitivenessimproved competitiveness

Venezuela

Bolivia

Peru

� Venezuela (JVs with Pequiven – equal ownership):

� Polipropileno del Sur (Propilsur)

- 450 kton/y of PP

- Approximately US$1 billion investment

- Start up in 2011

- Equipment acquisition opportunity

- Project progressing on schedule

- Project Finance expected for 2H09

- Investment final approval expected for 2H09

� Polietilenos de America (Polimerica)

− 1.1 Mton/y of PE

− Approximately US$3 billion investment

− Start up in 2013

− Technology to be adopted already chosen

� Peru: MOU signed with Petrobras and PetroPeru

� Bolivia: MOU under negotiation with YPFB

11Source: Braskem

3,250

2007 2008Price Volume Exchange Rate

Others

3,320

2,418

1,095

(3,368)

R$ million

EBITDA Impact from raw materials costs, FX and lower sales volumes overcome gains with price increase

EBITDA EBITDA Impact from raw materials costs, FX and lower sales volumes Impact from raw materials costs, FX and lower sales volumes overcome gains with price increase overcome gains with price increase

(339) (43)

(673)

Raw Materials

269

Fixed Costs/ SGAE

FX impact on revenue

FX impacton costs

(1,434)

12

2016 /2017

Source: Braskem

Good debt profile with an average Good debt profile with an average

term of 11 yearsterm of 11 years

R$ million (12/31/08)

12/31/08

2,960

In US$

In R$

Cash and Equivalents

2009 2010 2011 2013 2014 /2015

2018 /2019

2020 onwards

8%8%

11%11%12%12%

6%6%

13%13%

10%10%11%11%

18%18%

1,4081,408

9429421,3681,368 1,4021,402 1,3451,345

713713

1,6421,642

1,1691,169

1,901 1,901

1,0591,059

2.89

Sep08 Dec08

3.06

- 6%

Gross Debt: 11,986Gross Debt: 11,986

Net Debt: 9,028Net Debt: 9,028

Average Term: 10.9 yearsAverage Term: 10.9 years

74% of the debt are pegged to the USD74% of the debt are pegged to the USD

Net Debt / Net Debt / EbitdaEbitda (x) US$(x) US$

2012

11%11%

1,2591,259

738738

Value related to the loan granted by a Petrobras subsidiary for the delisting of Copesul, due in October 2009

13

Focus on priority investment projects Focus on priority investment projects

R$ million

Capacity increases /Petroquímica Paulínia

Health, Safety and Environment

Technology

Equipment Replacement

Productivity

Quality / Others

Information System

MaintenanceTechnology

Productivity

Maintenance / Others

Capacity increases / Green PE

Equipment Replacement

161

238

2,279

2008

45

195

91

202

407

55

885Investments in Equity Stake (Ipiranga Group/Politeno)

203

213

909

2009e

172

14

74

233

Source: Braskem

Health, Safety and Environment

14

AgendaAgenda

� The Company & 2008 Financials

� Key Differentiators

14

� Petrochemical Industry

15

Challenge: maintain competitiveness levelChallenge: maintain competitiveness level

throughout the petrochemical cyclethroughout the petrochemical cycle

Source: CMAI

CMAI utilization rate – Feb 09

CMAI utilization rate – Aug 08

Potential positive drivers

• Frequent delays in new capacities

• Supply-demand geographical imbalance leads to logistics barriers

• Increased economic importance of non-OECD countries with material domestic consumption

•Asset acquisition opportunities

•4 Mton of capacity temporarily closed

Points of Attention

• US/EU slow down

• Incentives to sustain supply buildup

– China: import substitution

– Middle East own agenda

• Credit Availability

•Petrochemical industry ownership change

Supply & Demand

Demand

130134

140 143

114114 118 123

2008 2009 2010 2011

146

130

2012

1 2 3 4 5Supply Demand

Global ethylene supply-demand and operating rate, Mton/y. %

5

86%

83%82%

84%87%

91%

89% 88%88%

89%

16

� Dow

- Feb/09: 102 Kton of LDPE in Free Port, USA

- Dec/08: 522 Kton cracker in Plaquemine, USA

� Westlake

- Dec/08: 544 Kton cracker in Lake Charles, USA

� Lyondell Basell

- Feb/09: 544 Kton cracker in Chocolate Bayou, USA

- Feb/09: 185 Kton of LDPE in Carrington, UK

- Feb/09: 110 Kton of LDPE in Fos-sur-Mer, France

� Formosa Plastics

- Nov/08: 680 Kton cracker in Point Confort, USA

� ExxonMobil

- Sep/08: 826 Kton cracker in Beaumont, USA

� DuPont

- Sep/08: 680 Kton cracker in Orange, USA

4,890

3,533

452

1,825

1,145

4,203

2009 2010

Middle East Asia Ex-China China

New supply coming on line in Middle East and Asia New supply coming on line in Middle East and Asia while US and Europe shutdown capacitywhile US and Europe shutdown capacity

Source: Chemsweek’s Business Daily / HSBC / CMAI

6,487

9,561

Capacities shutdown: New capacity addition (kton):

17Source: CMAI / IMF

Resins demand grows even in economic Resins demand grows even in economic

slowdown periodsslowdown periods

PE Demand X World GDP

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008

0

10,000

20,000

30,000

40,000

50,000

60,000

70,000

80,000

World GDP Growth PE DemandEconomic Slowdown

18

AgendaAgenda

� The Company & 2008 Financials

� Key Differentiators

18

� Petrochemical Industry

19

0

1

2

3

4

5

6

7

2007 2008 2009 2010

%

interest

0

1

2

3

4

5

6

% GDP

GDP Inflation

Brazil: A stable economyBrazil: A stable economy

Structural changes have prepared the country to the current environment

�Economic policy based on inflation target, fiscal responsibility and floating exchange rate

�Competitive, diversified and open economy

�Liquid financial system

�Mature democracy

�Broad and consumerist domestic market

�Greater competitiveness of Brazilian multinationals

�Focus on improving social conditions (health, education, income distribution)

�Sovereign debt in a record low, rated investment grade (S&P, Fitch)

Source: Tendências Consulting - Bradesco and Santander Perspectives

GDP growth and inflation

20

Net Debt / GDP (%)

30

35

40

45

50

55

2004 2005 2006 2007 2008

Reserves (Liquidity) / Total Debt (%)

0%

10%

20%

30%

40%

50%

2004 2005 2006 2007 2008

Favorable business environment in BrazilFavorable business environment in Brazil

Source: Central Bank of Brasil, FAO, USDA, Datafolha Institute, Ipedata, Bradesco

Larger middle class, driving up consumption

46%

32%

22%26%

49%

25%

E&D C B&A

2002

2006

26.7

34.9

15

20

25

30

35

2001 2002 2003 2004 2005 2006 2007 2008

Higher availability of credit - credit/GDP, %

Moderate domestic demand growthBrazilian financial scenario

Foreign Resources (Accumulated, in US$ billion)

0

10

20

30

40

50

dez-95

dez-96

dez-97

dez-98

dez-99

dez-00

dez-01

dez-02

dez-03

dez-04

dez-05

dez-06

dez-07

dez-08

45.1

35.8

38.0

21

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

PE PP PVC

Brazil: dynamic market with still low Brazil: dynamic market with still low

per capita consumptionper capita consumption

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

21

*Compound annual growth rate Source: CMAI

11.112.5

13.614.5 15.4 16.2 16.6 16.1 17.8 17.5

18.7 18.020.2

22.7

81

71

55

USA Europe Japan

Brazil

5.2%CAGR*

21.9

22

In Brazil, companies are exposed to a In Brazil, companies are exposed to a

dynamic market with resilient growthdynamic market with resilient growth……

• Domestic demand for resins

Source: Abiquim – domestic sales + imports

PEPPPVC

2,880

3,435 3,3773,694

2001 2004 2005 2006

4,048

2007

1,695

990

692

1,833

1,114

1,964

1,228

856

5.4%CAGR

10%

9%

749

• USA Demand for resins (Kton)

23,276

25,90424,749

25,020

2001 2004 2005 2006

24,212

2007

6,350

6,081

6,287

12,826

6,153

12,638

5,421

-1.2%CAGR

-3%1%

5,907

12,318

Source: NAD - CMAI

4,172

2008

3%

5,922

11,091

5,563

4,328

1,833

1,114

749

2008

21,341

-12%

1,972

1,218

982

23

23

…… and a high level of consolidationand a high level of consolidation

• 2 Top producers share• Number of Producers

BRAZIL USA

Source: Braskem / CMAI

PEPP PVC

1212

9

42 2

PP PVCPE

100% 100%93%

30%51%42%

24

…… allows the Company to seize the allows the Company to seize the

opportunities offered by this environmentopportunities offered by this environment

Assure regional low-cost raw

material and energy supplies

B

Expand access to attractive markets

C

• Leveraging relationship with Petrobras

• Value-chain virtual integration– Refineries, raw materials

– Service and logistics barriers

– Innovation and technology

• Operational, commercial excellence

• Regional Leadership

• Gas crackers in Latin America

• Brazilian sugar cane ethanol

• Green-PE and renewables

• M&As

• Global Associations

Improve and protect core Latin American business

A

Strengthen current position

Grow w

ith valu

e creat

ion

25

2525

Braskem: Braskem:

High Upside PotentialHigh Upside Potential

Commitment to SustainabilityCommitment to Sustainability

� Dominance in the domestic market with superior profitability

� Exposure to the Brazilian market

� Synergies and focus on reducing costs to increase

competitiveness

� Growth projects with increased profitability and high ROCE

� Proven expertise to implement greenfield projects

� Strategic alignment with Petrobras

� Innovation and Technology as key value drivers: green polymer

� Experienced management team focused on liquidity, efficiency

and value creation

NonNon--dealdeal RoadshowRoadshowMarchMarch 20092009

Appendix IAppendix I

27

28

Outstanding Bonds & Outstanding Bonds &

Outstanding RatingsOutstanding Ratings

12.47.250Jun/2018US$500 MM

11.99.750PerpetualUS$150 MM

Perpetual

Jan/2017

Jun/2015

Jan/2014

MaturityMaturity

11.08.000US$275 MM

12.7

10.4

10.1

Yield Yield

(% p.a.)(% p.a.)Outstanding BondsOutstanding Bonds

Coupon Coupon

(% p.a.)(% p.a.)

US$250 MM 11.750

US$250 MM 9.375

US$200 MM 9.000

Corporate Credit Rating Corporate Credit Rating –– Global ScaleGlobal Scale

Source: Braskem / Bloomberg

Ba1

BB+

BB+

RatingRating

StableMoody’s

AgencyAgency OutlookOutlook

Fitch Ratings Stable

S&P Stable

29

CovenantsCovenants

US$725 MM

US$80 MM

US$250 MM

R$800 MM

AmountAmount

MaintenanceUS$Nippon Export and Nippon Export and Investment InsuranceInvestment Insurance

Maintenance

Incurrence*

Incurrence*

TypeTypeFacilityFacility CurrencyCurrency

2010 and 2011 Debentures2010 and 2011 Debentures R$

2014 Medium Term Notes2014 Medium Term Notes R$

EPP (Export PreEPP (Export Pre--Payment) Payment) US$

Net Debt / EBITDA

< 4.5X 2.89

Dec08

* The company is prevented from issuing any new debt for the period if it overcomes the 4.5x Net debt / Ebitda

ratio.

Net Debt / Net Debt / EbitdaEbitda (x)(x)

3.73

Dec08

RATIORATIO

R$R$US$US$

Source: Braskem

30

Operating Cash FlowOperating Cash Flow

2,1191,966Adjusted profit before cash financial

effects

1,3801,665Working Capital

(3,792)(2,214)Investments Activities

(1,212)725Free Cash Flow

(377)(121)Income Tax and Social Contribution

(541)

3,499

2007R$ Million 2008

Operating Cash Flow 3,631

Interest Paid (572)

Source: Braskem

31

Net Debt

Dec07

InterestPPSA

ConsolidationEbitda

Net debt increases by US$500 million on investments of US$1.3 billionNet debt increases by US$500 million on Net debt increases by US$500 million on investments of US$1.3 billioninvestments of US$1.3 billion

Dividends

US$ million

Investments

Source: Braskem

Net Debt

Dec08

Working Capital

FX / MV

3,350 1,297

(1,325)

337355175

3,864

(271)(54)

2,230

Net Debt

Dec08

Appendix IIAppendix II

32

33Source: Braskem, Citigroup, Bank of America e Credit Suisse

10% 10% discountdiscount

Comparable Comparable companies average: companies average:

5.185.18

DowNova Chemicals

MexichemLG ChemicalsBraskem2009e

4.7

EV/EBITDAEV/EBITDA 20092009

3.72.5

5.2

BraskemBraskem

High Upside PotentialHigh Upside Potential

47% share 47% share upsideupside

6.5

Westlake

8.0