1Q08 Results Conference Call

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Forward-looking Statements

This presentation contains forward-looking statements. These statements do

not represent historical fact, but rather reflect the beliefs and expectations

of Braskem’s management. The words “anticipate”, “wish”, “expect”,

“estimate”, “intend”, “forecast”, “plan”, “predict”, “project”, “target” and

similar words are intended to identify these statements. Although Braskem

believes that the expectations and assumptions reflected in these forward-

looking statements are reasonable and based on information currently

available to management, Braskem cannot guarantee future results or events.

The forward-looking statements included in this presentation are valid only

on the date on which they are made (March 31, 2008), and the Company does

not undertake any obligation to update them in light of new information or

future developments.

Braskem is not responsible for any transaction or investment decision taken

based on the information in this presentation.

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• Brazilian resin market: +10%

• Growth in domestic resin sales: + 7%

• Domestic PVC Sales: + 13%

• Record-high quarterly PVC production: 130 Kton

• Reduction in fixed costs

• Annual and recurring gains from synergies

• R$ 77 MM in EBITDA

• R$ 59 MM in other additional gains

• Operational investments: R$ 242 MM

Highlights 1Q08 vs. 1Q07 Operating Performance

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1Q08 HighlightsConclusion of important strategic steps

• Operational startup of new Paulínia unit

• Cash inflow of R$252 million in April from sale of the

interest in Petroflex, with profit of R$116 million

• Consolidation of Brazil’s petrochemical sector

• Conclusion of the acquisition of the Ipiranga Group’s

petrochemical assets

• SEAE and SDE executive departments recommend to antitrust

authority CADE approval of the Investment Agreement between

Braskem and Petrobras

• Green Polymer Project

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Production growth with higher

operating reliability

PE PP PVC

1Q084Q07

ETHYLENE

93%

95%

Source: Braskem

Resin Production Kton

1Q07

86%

96%

Capacity Utilization %

RECORDS

Production in last 12

months of 2,827 Kton

Quarterly PVC production

of 130 Kton in 1Q08

1Q084Q071Q07 1Q084Q071Q07 1Q084Q071Q07

88% 89%91%

96% 96%96%94%

104%

92%

702

1Q084Q07

704

LTM1Q08

LTM 1Q07

2,7862,827

+1%

700

1Q07

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Braskem maintains leadership position in

robust domestic market: Demand +10%

Source: Braskem / Abiquim

Domestic Sales 1Q08 vs. 1Q07 % Resin Market Share 1Q08

+13%

+ 5 %+7%

+ 6%

+10%

PVCPPResin

BraskemPE

Brazilian

market*

Other

Imports

49%

22%

29%

*Domestic sales + Imports

7

853

1Q07 1Q08Prices VolumeForeign Exchange

Source: Braskem

(195)

FX impact

on costs

FX impact

on revenue

Raw

Materials

(1,328)

1,220

(103)

Evolution of EBITDA Commercial strategy minimizes impacts from both higher Naphtha prices and exchange rate variation

583

665

(860)

Fixed

Costs/

SG&A

Other

108 28R$ million

8

648

4Q07 1Q08Prices Fixed Costs/

SG&A

Volume Foreign

Exchange

Source: Braskem

(32)

FX impact

on costs

FX impact

on revenue

Raw

Materials

(263)

188

(136)

Other

Evolution of EBITDA Commercial strategy and reduction in fixed expenses minimize impacts from both higher Naphtha prices

583

83

(115)

11219

(89)

R$ million

9Source: Braskem

Main Economic Performance Indicators

R$ million

Main Economic Indicators

Net Revenue

EBITDA

EBITDA Margin

Net Financial Result

Net income before minority interest

1Q08 1Q07 Chg.%

04,410

583

13.2 %

(200)

120

4,424

853

19.3 %

(104)

275

(32)

-6.1 p.p.

94

(56)

Net Income 83 127 (35)

10

2016 /

2017

Source: Braskem

Lengthening of debt profileis a priority

in R$ million (3/31/08)

3/31/08

1,932

Gross Debt: 9,363

Net Debt: 7,431

2008

In US$

In R$

Cash and equivalents

2009 2010 2011 2012 /

2013

2014 /

2015

2018 /

2020Perpetual

13%

9%8%

6%7% 7%

US$ 73%

* Includes R$2.1 billion from bridge loan to acquire Ipiranga Group’s petrochemical assets

9%

Average Term:10 years

31%

974

10%

1,241

1,668*

767827 786

894

534 617 614

1,143

789

441*

2.56

Dec-07 Mar-08

1.93

+33%

Net Debt / EBITDA (x)

Pré-fixado

2%

Bridge

Loan

23%

US$

23% Trade

Finance

27%

CDI

17%

TJLP

8%

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• Positive macroeconomic outlook

• Brazil Investment Grade by Standard & Poor’s

• Growth in domestic resin market of 10%

• Industrial productivity leveraged by conclusion of stoppages

• Acceleration of synergy gains

• Fixed costs reduction

• Venezuela

• Conclusion of the economic and feasibility studies will allow investment decision

on PP plant

• Green Polymer

• Investment Decision in first half 2008

• Implementation of Investment Agreement with Petrobras

2008 Outlook

1Q08 Results

Conference Call

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