Braskem Announces 3Q13 Results

                        Braskem Announces 3Q13 Results

  PR Newswire

  SAO PAULO, Nov. 7, 2013

SAO PAULO, Nov. 7, 2013 /PRNewswire/ -- Braskem S.A. (BM&FBOVESPA: BRKM3,
BRKM5 and BRKM6; NYSE: BAK; LATIBEX: XBRK) announces today its results for
3Q13.

HIGHLIGHTS:

  *In 3Q13, the average capacity utilization of Braskem's crackers stood at
    92%, down 2 p.p. from 2Q13, explained by the unscheduled shutdown due to
    the power outage in August.
  *Braskem's sales amounted to 898 kton, with its market share expanding 2
    p.p. to 68%.
  *EBITDA in 3Q13 reached R$1,650 million, driven by the stability in spreads
    in the international market, the improvement in the contribution margin
    and the 11% depreciation in the Brazilian real against the U.S. dollar. In
    U.S. dollar, EBITDA amounted to US$720 million.
  *Braskem, in partnership with the manufacturing industry and aiming to
    improve the competitiveness of its clients and Brazil's plastics chain,
    launched the Plastics Chain Competitiveness Incentive Plan (PIC). The plan
    includes initiatives that range from promoting exports of manufactured
    products, supporting improvements in competitiveness and innovation and
    strengthening the advantages of plastics.
  *Braskem announced the execution of a memorandum of understanding (MoU)
    with Styrolution to assess the possibility of forming a joint venture in
    Brazil in order to analyze the economic feasibility of installing a plant
    with annual production capacity of 100 kton of styrenics specialties and
    the copolymers acrylonitrile butadiene styrene (ABS) and styrene
    acrylonitrile (SAN).
  *Braskem will invest approximately R$50 million to expand and convert one
    of its polyethylene production lines in Bahia to produce metallocene-based
    LLDPE.
  *Construction on the new petrochemical complex in Mexico (Ethylene XXI)
    continues to advance, with the project reaching 48.4% completion.
  *Braskem's leverage reached 2.73x in U.S. dollar. This 9% reduction in
    relation to 2Q13 was positively affected by the improvement in operating
    performance in the period.
  *Braskem lengthened the maturity of R$1,015 million in Export Credit Notes
    from 2014/2015 to 2021.

The full earnings release is available on the Company's IR website:
www.braskem.com.br/ir

Braskem will host conference calls to discuss its Results on Friday , November
8, 2013, at 9:00 a.m. ET in English and 7:00 a.m. ET in Portuguese. See
connecting details on the Company's IR website.

For further information, contact Braskem's Investor Relations Area:

braskem-ri@braskem.com.br , +55-11-3576-9531.

Website: http://www.braskem.com.br/ir
 
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