Earnings Conference Call 3Q16

Investor Relations São Paulo, November 10, 2016

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 was up-to-date as of September 30, 2016, 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

3Q16 HIGHLIGHTS

3

Brazil:

Demand for resins (PE, PP and PVC) was 1.3 million tons in 3Q16, growing 8% from 2Q16 and 6% from 3Q15.

Braskem’s crackers in Brazil set a new record for average capacity utilization rate of 96%, higher 2% from 2Q16 and 4% from the 3Q15.

To meet the stronger demand in the Brazilian market, Braskem reduced its resin exports by 7% compared to 2Q16 and 3Q15. Exports of basic petrochemicals was 11% higher than in 2Q16.

The units in Brazil, posted EBITDA of R$2,206 million to account for 75% of the Company’s consolidated EBITDA.

United States and Europe:

The PP plants operated at an average capacity utilization rate of 101% in 3Q16, reflecting the good operating efficiency. Production amounted to 512 kton, growing 4% from 3Q15.

Sales amounted 516 thousand tons representing a 3% expansion compared to 3Q15.

The units in the United States and Europe posted EBITDA of US$161 million (R$524 million) in 3Q16, accounting for 18% of consolidated EBITDA.

Mexico:

Still in the ramp-up phase, the polyethylene plants operated at an average capacity utilization rate of 63% in 3Q16, increasing 31 p.p. from 2Q16.

The segment posted EBITDA of US$66 million (R$214 million) to account for 7% of the Company’s consolidated EBITDA.

Braskem - Consolidated:

Braskem’s consolidated EBITDA was US$924 million, increasing 8% compared to 2Q16 and 6% compared to 3Q15.

Corporate leverage, as measured by the ratio of Net Debt to EBITDA in U.S. dollar, stood at 1.63 times, which is the lowest level in 12 years.

In September 2016, the Board of Directors of the Company approved the distribution of interim dividends for fiscal year 2015, in the amount of R$ 1 billion, which were paid in October 2016.

Brazilian Market of Resins (kton)

BRAZIL

Total Sales – (kton)

8%

6%

3Q16 1,297

2Q16 1,204

3Q15 1,219

-5%

9M16 3,667

9M15 3,846

866 751 780 846 890

454

289415

454 424

0% 1%

3Q16

1,314

2Q16

1,300

1Q16

1,195

4Q15

1,040

3Q15

1,320

Brazilian Market Exports

3Q16

2,206

2Q16

2,293

1Q16

2,165

4Q15

1,934

3Q15

2,658

EBITDA (R$ million) Resins Spread (US$/t)*

20% 16% 18% 18% 20% EBITDA Margin

713 617 642 675 743

948

3Q16

382

4%

1,057

306

4Q15

391

1,008

3Q15

406

1,119 1,108

2Q16

10%

365

1Q16

Resins Spread

Average Feedstock Price

Average Resin Price

55% PE (USA), 32% PP (Asia) and 13% PVC (Asia). 4

UNITED STATES AND EUROPE

5

United States and Europe Sales (kton): Spread PP USA (US$/t)

Spread PP Europe (US$/t)

375 375 352 348 359

128 149147 156 144

3Q16

503

2Q16

504

1Q16

499

4Q15

524

3Q15

503

USA Europe

161

212219

131

75

3Q16 2Q16 1Q16 4Q15 3Q15

EBITDA (US$ milhões)

12% 21% 34% 32% 25% EBITDA Margin

610 728 860 742 617

720

1,451

2Q16

1,462

1Q16

683

1,543

4Q15

691

1,418

-17%

3Q16

834

3Q15

731

1,341

Spread PP-Propylene Propylene USG PP USA

431 447 491 513 463

756718639

749

1,130 1,196

3Q15

1,022

1,454

1Q16 2Q16

1,219 1,231

4Q15

-10%

3Q16

PP Europe Spread PP-Propylene Propylene Europe

MEXICO

6

Mexico PE Sales (kton)

3360

20

93

3Q16

153

2Q16

54 Mexican Market

Exports

EBITDA (US$ MM)

66

2

3Q16 2Q16

Mexico PE Spread (US$/t)

3Q16

166

2Q16

84

Mexico PE Production (kton)

3% 40% EBITDA Margin

988 931

140151117130141

10%

3Q16

1,105

1,244

2Q16

1,006

1,156

1Q16

1,048

4Q15

1,118

3Q15

1,079

1,220

Spread PE-Ethane Ethane USGC PE US

7

EBITDA 3Q16 vs. 2Q16

US$ million

71

44

13

33

Spread Volume FX

3

Contribution Margin

Fixed Costs, SG&A and Other

924

EBITDA 3Q16 EBITDA 2Q16

858

EBITDA of US$ 924 million, 8% up to 2Q16:

Higher sales volume of resins in the Brazilian

market;

Better resins spread in the international market;

Result of the complex of Mexico.

Avg. FX 2Q16: 3.51 R$/US$

Avg. FX 3Q16: 3.25 R$/US$

8

EBITDA 9M16 vs. 9M15

134

138

67

230 234

Volume EBITDA 9M15

2,227

FX Spread EBITDA 9M16 Contribuition Margin

Fixed Costs, SG&A and Other

2,562

9M16 EBITDA amounted to US$ 2,562 million, 15% up to 9M15:

Better spread for PP in USA and Europe;

Higher exports volume and sales volume in the International Units;

The Mexico unit beginning to generate results;

Offset by the higher fixed costs and SG&A expenses due to the increases in

wages and benefits, logistics expenses, legal fees and advertising

expenses.

US$ million

Avg. FX 9M15: 3.16 R$/US$

Avg. FX 9M16: 3.55 R$/US$

5,219

315

1,399 9351,652

924 95 27

2,548

2,935

294 665 1,470

2,306 5,198

1,688

7,142

2016 2017 2018 2019 2020/

2021

2022/

202309/30/16

Cash

3%9%

10%

16%

25%

7%

30%

(1) Does not consider discounts from transaction costs

Invested in US$

Invested in R$

Stand by of US$750 million and R$500 million

10,702

7,767

Debt Profile(1)

(R$ million)

09/30/2016

Foreign Currency

Local Currency

2024

onwards

AMORTIZATION SCHEDULE AND DEBT PROFILE

Net Debt/ EBITDA (US$)

9

Corporate Credit Rating

Agência Rating Perspectiva Data

Escala Global

Moody’s Ba1 Negative 02/25/2016

Fitch BBB- Stable 09/30/2016

S&P BBB- Negative 02/17/2016

US$ million 3T15 2T16 3T16

Net Debt(ª) 5,706 5,553 5,057

EBITDA (LTM) 2,788 3,109 3,097

Net Debt/EBITDA 2.05x 1.79x 1.63x

(a) It does not include the financial structure of the Mexico project

CAPEX

10

Braskem invested* R$665 million in 3Q16.

In the first nine months of 2016, investments came to R$2,218 million, as follows:

o Braskem contributions to the Mexico Project: R$1,195 million (54%);

o Investments to maintain the operating reliability of plants: R$828 million (37%);

o Other strategic projects: R$194 million (9%).

Of the R$2,218 million invested in 9M16, R$1,363 million (61%) is related to investments linked to US dollars: (i) operating and strategic investments of the international businesses and (ii) Braskem’s equity contributions to the Braskem Idesa.

(*) Considers operational investments, maintenance stoppages and spare parts of Braskem and its subsidiaries and contributions for the Mexico project.

Million

Operational (R$) 301 37% 338 51% 828 37% 1,797 49%

Brazil (R$) 292 337 815 1,601

United States and Europe (US$) 6 8 15 48

Mexico (R$) 426 53% 253 38% 1,195 54% 1,327 36%

Mexico (US$) 121 80 330 329

Strategic Projects (R$) 79 10% 73 11% 194 9% 537 15%

Brazil (R$) 13 22 40 255

United States and Europe (US$) 17 14 40 69

Total (R$) 807 100% 665 100% 2,218 100% 3,661 100%

Brazil (R$) 305 358 855 1,855

Mexico, United States and Europe (US$) 143 102 385 447

9M16 2016e2Q16 3Q16

Investments

PETROCHEMICAL SCENARIO - ETHYLENE

11

Greenfield projects postponed

U.S.: American players new capacity startup postponed

China/Asia: (i) High cost of investment; (ii) Infrastructure

issues; (iii) Attractiveness of coal-based projects relative to

lower naphtha prices.

Source: IHS

In Thousand tons

4,812 4,553

-31.0%

4,414 4,209 4,164 4,387

8,713 8,028 7,997

+9.0%

+6.0%

-19.6%

-3.6%

6,931 6,811

8,623

4,264

5,407

6,180

3Q16 2Q16 1Q16

2016 2017 2018 2019 2020

28,709

-8.9%

29,267 31,517

New Capacity: Quarterly Vision

2016-2020

Latest IHS forecast shows reduction of 8.9% in the total capacity addition in the 2016-

2020 period

PETROCHEMICAL SCENARIO - RESINS

12 Source: IHS

PP-Propylene U.S./Europe Spread

Still in healthy levels, spreads may show volatility due

to:

(i) Higher PP imports;

(ii) DBN’s in U.S. units and;

(iii) Lower propylene supply in Europe explained by

more imported ethane being used in the crackers.

PE-Ethane Mexico Spread:

Gas-based producers are still the most competitive

although fall on spreads due to: (i) Lower PE prices

after new capacities startup and (ii) Higher ethane

price due to higher demand of the product.

567 524 557576680

770798866813

720

2Q17e

1,327

1Q17e

1,322

4Q16e

1,434

3Q16

1,389

2Q16

1,400

PP-Propylene Spread

Propylene USG/Europe

PP U.S./Europe

679 627 633743675

2Q17e

421

1,054

1Q17e

406

1,033

4Q16e

412

1,091

3Q16

365

1,108

2Q16

382

1,057

Resins Spread

Avg. Feedstock Price

Avg. Resins Price Brazilian Market Resins Spread (PP, PE and PVC):

Lower spreads due to (i) oil recovery and naphtha price

rise; and (ii) resins price fall due to new capacity being

added from 2017 onwards.

Despite this fall, spreads are expected to stay above

historical levels.

908 952981

1,162

210

3Q16

220

1,191

4Q16e

1,000

191

1,128

1Q17e

1,077

140

1,217

2Q16

151

1,132

2Q17e

PE-Ethane Spread

PE U.S.

Ethane USG

BRASKEM PRIORITIES 2016

13

Brazil:

To ensure operating efficiency to supply Brazilian demand

To assure the export of the surplus volume not sold in the Brazilian market

To implement a maintenance shutdown in one of the cracker lines in Bahia

To implement the feedstock flexibility project in Bahia

U.S./Europe:

To ensure operational and commercial efficiency

Seek PP growth opportunities from competitive propylene in the U.S.

Commissioning of UTEC's new Texas plant

Mexico:

To ensure the operational stability of the complex

To sell PE in the domestic market, consolidating the relationship with clients in the Mexican market

To export from Mexico, benefiting from synergies with the operations of Braskem in US, Europe and South America

Liquidity/Financial Health:

Focus on cash generation

Continue to implement the expense reduction program, generating potential recurring savings of R$400 million per

year, which should be fully achieved in 2017

Internal investigation process:

Advancing the dialogue with authorities to find a solution.

Earnings Conference Call 3Q16

Investor Relations São Paulo, November 10, 2016