EARNINGS CONFERENCE CALL

4Q17 and 2017

MARCH 2018

1
Disclaimer on Forward-Looking Statements

This presentation includes forward-looking statements. These forward-looking statements are not
solely historical data, but rather reflect the targets and expectations of Braskem’s management. The
terms “anticipate,” “believe,” “expect,” “foresee,” “intend,” “plan,” “estimate,” “project,” “aim” and
similar terms are used to indicate forward-looking statements. Although we believe these forward-
looking statements are based on reasonable assumptions, they are subject to various risks and
uncertainties and are prepared using the information currently available to Braskem.

This presentation is up-to-date as of December 31, 2017, and Braskem does not assume any obligation
to update it in light of new information or future developments.

Braskem assumes no liability for transactions or investment decisions taken based on the information
in this presentation.

2
2017 results: above expectations
Initial expectations 2017 2017 Actual*
Brazil + 4%
Sales in the Regional US and Europe + 5%
Markets
Mexico + 174%
Chemicals + 28%

Petrochemical Resins Brazil - 3%

Spreads US and Europe - 12%
Mexico +3%
Brazil + 2%
US and Europe -7%
EBITDA (US$)
Mexico + 282%
Braskem Consolidated + 17% (US$3,872 million)

Free Cash
Increase + 9% (R$2,460 million)
Flow (R$)

Earnings per
Increase 5.1 in 2017 vs. (0.6) in 2016
share (R$)
3
*compared to 2016 results
2017 Main Deliveries
 Record of Production: (i) ethylene, butadiene, gasoline and PE / PP in Brazil and (ii) PP in the US and Europe
Operational
1  Record of Sales: (i) main chemicals and PE in the Brazilian market; (ii) exports of butadiene and ethylene; and
Highligths
(iii) PP in the US and Europe
 Consolidated EBITDA record: US$3,872 million, 17% higher than in 2016

Value  Stability of the UTEC production, after the start-up in 1Q17

2 Creation  Conclusion of the Bahia cracker flexibility project in 4Q17
Investments  Project to build a new PP plant in US approved by Braskem’s Board of Directors

Liability  US$1,750 million bond issuance in 2017: demand exceeded the offer by 8.2 times and represented the
3 Management largest funding transaction and with the lowest cost ever in the Company’s history

Credit  Braskem maintained investment grade ratings by Standard & Poor's (BBB-) and Fitch Ratings (BBB-)
4 Rating  Credit ratings above Brazil’s sovereign risk by the three main rating agencies (S&P, Fitch and Moody’s)

 Early distribution of dividends in the total amount of R$1 billion

5 Dividends  Distribution of additional dividends in the aggregate amount of R$1.5 billion to be approved in the next
Annual Shareholders' Meeting which will represent a payout of 61% of the net income attributable to
shareholders 4
Highlights of Brazil – 4Q17 and 2017
Braskem’s Sales and Brazilian Market of Resins (kton) EBITDA (R$ Million) and Margin EBITDA
Record 17% 22%
4Q16 68% 32% 1,217 PE Sales in
8,478 8,675
Brazil
3Q17 69% 31% 1,327 +4%
15% 20% 19%
Braskem
Other / Imports 1,814 1,930 1,952
4Q17 70% 30% 1,269

2016 68% 32% 4,884

4Q16 3Q17 4Q17 2016 2017
+4%
2017 69% 31% 5,065 Record
 Crackers avg. capacity utilization rate of 94% (+2%): Production:
good operating performance and record production crackers
Resins Exports Sales (kton) of ethylene, butadiene and gasoline
 Resins demand (4%): stronger economic activity,
2016 1,024 566 117 1,707 especially from the packaging, automotive,
-11% agriculture, retail and electronics industries
2017 916 522 82 1,520  Resins exports: down 11% from 2016, reflecting the
stronger demand for resins in the Brazilian market
PE PP PVC
5
Highlights USA and Europe - 4Q17 and 2017
Braskem’s PP Sales Volume (ktons) EBITDA (US$ Million) and Margin EBITDA

Record
2,117 27% 21%
Production 2,009
and Sales 591 698
597 15% 21% 21%
647
Europe
+70%
USA

164 175
1,412 1,526
502 548 518 103
149 153 144
353 395 374

4Q16 3Q17 4Q17 2016 2017 4Q16 3Q17 4Q17 2016 2017

 Capacity utilization rate (-3 p.p.) impacted by the revision of production capacity conducted in 2017. Considering the same nominal capacity for both
years, the capacity utilization rate in 2017 would be 5 p.p. higher than in 2016. In the year, production in the United States and Europe grew 5%
 Market: U.S. PP demand increased in relation to 2016 – food packaging and nonwoven industries. In Europe, the growth was driven by the
automotive industry
 Sales: +5%, due to capacity expansion projects at the plants in the U.S. (late 2016) and Germany (early 2017) and by the firm PP demand in these
regions
6
Highlights of Mexico – 4Q17 and 2017
PE Sales (kton) EBITDA (R$ Million) and Margin EBITDA
55%
4Q16 41% 59% 199 +282%

623
3Q17 65% 35% 235 +16%
Mexican 47% 51% 60% 34%
Exports
4Q17 62% 38% 231
174 163
136
102
2016 47% 53% 432
+124%
2017 57% 43% 969 4Q16 3Q17 4Q17 2016 2017

 Capacity utilization rate (+46 p.p.)

Exports by Region (%)
 PE market: +1% from 2016, 2.2 million tons
2016 70% 14% 9% 7% Central America  PE sales: +124% from 2016, given the product’s higher supply
USA  Exports: +81% from 2016, with more profitable markets, such as
Europe Europe and the United States
2017 42% 22% 21% 15% Asia

7
EBITDA

EBITDA 2017 x 2016 (US$ million)

Record
+17% EBITDA
3,872
123

358  Higher sales volume in Mexico

3,304  Expansion of capacity and increase in sales volume of
-150 US and Europe units
518
-281  Sales increase of PE and PP in the Brazilian market
 Higher spreads for: chemicals, PP in Europe and PE in
Mexico
 Capital gain of US $ 88 million referring to the sale
conclusion of quantiQ

EBITDA 2016 FX Spreads Volume Contribution Fixed Costs, EBITDA 2017

Margin SG&A and
Other
EBITDA Margin 24.5%

8
Debt Amortization Schedule
3,127 Debt Profile (1) (2) (US$ million) 09/30/2017 – Before the Bond

2,219 908
US$1,750 million bond issuance in 2017:
the largest funding in foreign market and
502 21%
18% 16% 1
at lowest cost
14% 11% 110 11%
1,717 530 8%
304 194 8 1,473
1,044 34 780
673 705 588 550
Before After
Cash 2018 2019 2020 2021 2022/ 2024/ 2026 Bond Bond
2023 2025 onwards
Issuance Issuance
15 17
Debt Profile (1) (2) (US$ million) 12/31/2017 – After the Bond Avg. Debt Term
years years
2,519 38%
2,519
22 40
1,618 901 Debt Coverage
months months
486 16% 16% 2,723
10% 11% 5.69% 5.58%
1,132 4% 6% 1,044 1,050
Avg. Cost of Debt
585 780 (US$) (US$)
312 287
69 112 106 88 62 28 1
Cash 2018 2019 2020 2021 2022/ 2024/ 2026
2023 2025 onwards
Invested in R$
Invested in US$ Local Currency
Stand by of US$750 million and R$500 million Foreign Currency
9
(1) Does not consider transaction costs; (2) Does not consider the remaining amortization of 2017
Leverage and Credit Rating
Leverage
Above the
Net debt/ Ebitda (US$ Bi) (1)
Credit Rating Sovereign
2.87
2.58
Agency Rating Outlook Date
1.91 1.95 1.91 Fitch BBB- Stable 09/28/2017
S&P BBB- Negative 03/14/2018

6.4 6.2 6.1 6.0

Moody's Ba1 Negative 08/22/2018
5.4
2.2 2.4 2.8 3.2 3.2

2013 2014 2015 2016 2017

Net debt Ex-BI (US$ Bi) Ebitda Ex-BI (US$ Bi) Leverage (x)

 Braskem continued to deleverage, keeping a health balance sheet

 Braskem maintained investment grade ratings at Standard & Poor's (BBB-) and Fitch Ratings (BBB-), and credit ratings above Brazil’s sovereign
risk at the three main rating agencies (S&P, Fitch and Moody’s)

(1) Does not consider Braskem Idesa net debt and EBITDA
10
Shareholders’ Return
Strong delivery of results to Shareholder’s

Net Profit (Loss) (R$ million) Record Earnings per Share (R$/share) Dividends (R$ million)
2,500
4,083 5.1
2,000
3,001 3.8
1,500
2.1

716 2,173 0.9 2.7 483 483

1,000

-412 -0.6
2014 2015 2016 2017/2018
2014 2015 2016 2017 2014 2015 2016 2017

Net Profit/Loss Earnings/share Dividend

Net Profit/Loss (Ex-Global Agreement) EPS (Ex-Global Agreement) Yield (1) 2.9%

 Stock price (BRKM5) gains 29% in 2017

 In December, the Company paid in advance R$1 billion in dividends for fiscal year 2017
 Braskem’ management proposes to the next Annual Shareholders' Meeting, the additional distribution of dividends in the
aggregate amount of R$1.5 billion
 If approved, the dividend payout will represent 61% of the net income attributable to shareholders in 2017
11
(1) Does not consider the additional distribution of dividends proposed to the next Annual Shareholders' Meeting
Petrochemical
Scenario and
Outlook for 2018
2018 CAPEX

Total CAPEX
(R$ million)
-31%
3,332
+25%

2,872
1,195 New PP Plant: 2018 disbursement
2,293 885 corresponds to 39% of the total
expected investment of US$675 million
341
823

1,987
1,797
1,470
1Q18: scheduled maintenance
shutdown of the cracker in Triunfo, RS

2016 2017 2018e

Mexico Equity Contribution Strategic/ Growth Operational

13
2018 Petrochemical Scenario – Source IHS
Spreads (US$/kton) and Global Utilization Rate (%)
PE PP

85.6% 85.9% 90.7%

87.7%

+3.6%
+12.2%

717 743
592 665

2017 2018e 2017 2018e

Spread PE US - Naphtha ARA Utilization Rate Spread PP Asia-Naphtha ARA Utilization Rate

 New capacities may impact the spreads although less than  Projects postponed to after 2020, mainly in China
previously expected due to a stronger global demand
 For 2018, demand growth for PP will surpass the new capacity
 5 new PE plants have started-up until now (4,441 kton/y) and 2 additions in aprox. 1,100 kton
more are expected to begin operations in the 2H18 (1,690
kton/y)
 5 new ethylene plants have started-up until now (5,470 kton/y)
14
Outlook for 2018

2018e vs. 2017 2018e vs. 2017

Stable and high in all Operating cash Not relevant working capital
Utilization Rate regions flow consumption is expected

Interests Lower interest rates and

 ~1x GDP – US/EU gross debt
Regional Demand
 ~1.5 x GDP Brazil/Mexico
Tax US tax reform

Petrochemical Chemicals CAPEX US$876 million

Spreads Resins Brazil
Global
US and Europe Lower payment
Settlement
Mexico

Consolidated EBITDA (US$ million) Consolidated Cash Flow (US$ million)

15
Concentrations
Strategic Objectives - Concentrations

GOALS

1 Productivity and Seek advances in productivity and competitiveness in the current Braskem as a 1st
Competitiveness operation, focusing on operational efficiency and cost-leadership Quartile Operator

Achieve balance
Feedstock Feedstock diversification, increasing the share of gas in the feedstock between liquid base
2 Diversification profile and maintaining asset flexibility and gas base, creating
flexibility of + or - 10%

Results of international
3 Geographic Expand the global footprint outside Brazil with gains in scale in PE and PP, operations above 50%
Diversification reinforcing our leadership in the Americas of consolidated results

Strengthen Braskem's image and reputation towards members, society Recognition as a global,
4 Reputation and and investors through advances in compliance, sustainability, innovation innovative and
Governance and people management humane company

17
EARNINGS CONFERENCE CALL

4Q17 and 2017

MARCH 2018