Braskem S A : 1T24 Earnings Presentation

Braskem Idesa's Petrochemical Complex in Nanchital, Veracruz, Mexico

EARNINGS CONFERENCE CALL 1Q 2024

M AY 9 , 2 0 2 4

1Q24 EARNINGS CONFERENCE

DISCLAIMER REGARDING FORWARD-LOOKING

STATEMENTS

This presentation may contain forward-looking statements. These statements are not historical facts and are based on the Company's current vision and estimates of the Company's management regarding future economic and other circumstances, industry conditions, performance and financial results, including any potential or projected impact related to Alagoas and related legal proceedings on the Company's business, financial condition and operating results. The words "foresee", "believe", "estimate", "expect", "plan", "objective" and other similar expressions, when referring to the Company, are intended to identify forward-looking statements. Statements regarding the possible results of legal and administrative processes, implementation of operations and financing strategies and investment plans, orientation of future operations, the objective of expanding its efforts to achieve the macro sustainable objectives disclosed by the Company, as well as factors or trends affecting the Company's financial condition, liquidity, or operating results are examples of forward-looking statements. Such statements reflect the current views of the Company's management and are subject to various risks and uncertainties, many of which are beyond the Company's control. There is no guarantee that the expected events, trends, or results will actually occur. The statements are based on various assumptions and factors, including, but not limited to, general economic and market conditions, industry conditions, operational factors, availability, development, and financial accessibility of new technologies. Any change in such assumptions or factors, including the projected impact related to Alagoas and related legal proceedings and the unprecedented impact on the Company's businesses, employees, service providers, shareholders, investors, and other stakeholders, may cause actual results to be significantly different from current expectations. Consult the reports filed with the Securities and Exchange Commission - CVM, in particular the factors discussed in the sections for a full discussion of risks and other factors that may impact any forward-looking statements contained in this document. This presentation is not an offer of securities for sale in Brazil, any securities cannot be offered or sold in Brazil without registration or exemption from registration, any public offering of securities to be made in Brazil will be prepared by means of a prospectus that can be obtained from Braskem and which will contain detailed information about Braskem and the management, as well as the financial statements.

This presentation was updated as of March 31, 2024, and Braskem does not assume any obligation to update it in light of new information and/or future developments.

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

2 | PUBLIC

AGENDA

1Q24 Main Highlights

Operational Performance

Alagoas Update

Outlook for the Future

3 |

PUBLICCONFIDENTIAL

1Q24 Main Highlights

1Q24 Financial Highlights

US$ 230 MM + 9%¹	- US$ 273 MM -14%¹	US$ 196 MM +189%¹	-US$ 102 MM-5%¹
R$ 1.1 billion	- R$ 1.3 billion	R$ 972 MM	-R$ 502 MM
Recurring EBITDA	Net Income (Loss)	Operating Cash	Recurring Cash
Generation	Generation2

Liquidity3	Indebtedness Profile	Leverage4
$3.3bn 69-month coverage	~12 years 63% after 2030	8.12x in line with 4Q23

Corporate Initiatives with an impact on EBITDA and Cash Generation

1Q24 Results

Commercial Strategy	~US$ 38 MM	Investments	+ US$ 166 MM
Fixed and Variable Cost	Working Capital
Operational Optimization	EBITDA	Other Monetization	Cash Generation

4 | PUBLIC

Source: Braskem | Note (1): in comparison with 4Q23; Nota (2): does not consider the payments made in Alagoas, being R$ 437 million in 1Q24 and R$ 2.6 billion in 2023;

Note (3): does not consider the US$1.0 billion available international revolving credit facility maturing in 2026. Note (4): does not include Braskem Idesa's indebtedness and considers the Recurring EBITDA of the last 12 months.

During 1Q24, the Company maintained the reliability and safety of its operations, while advanced in its growth avenues

1Q24 Operational Highlights

CAF + SAF¹	0.78
(events/1MM HHT²)
	- 23% vs 4Q23

Utilization Rate of

Petrochemical Plants

1Q24 vs 4Q23

+8 p.p. Brazil Segment

+36 p.p. Green Ethylene

-6p.p. U.S. & Europe Segment -1p.p. Mexico Segment

1Q24 Strategic Highlights

Traditional Business

62% physical progress of the Ethane Terminal construction project

Decarbonization

Braskem and Veolia collaboration to research and implement high-impact solutions for decarbonization in the industrial hub of Triunfo (RS)

Recycling

Diversification of propylene supply (bio- attributed and circular) in Europe and the United States through partnerships with Shell Chemicals

Innovation

Partnership with Lummus Technology to study the electrification of Cracking Furnaces

5 | PUBLIC

Source: Braskem | Note (1): CAF (Lost-time accidents), SAF (Non-lost-time accidents); Note (2): Global accident frequency rate measured in events per million man-hours worked;

AGENDA

1Q24 Main Highlights

Operational Performance

Alagoas Update

Outlook for the Future

PUBLICCONFIDENTIAL

In the Brazil Segment, Recurring EBITDA in 1Q24 was US$ 210 million, up 70% from the last quarter of 2023

1Q24 Performance | Brazil

Utilization Rate of Petrochemical Plants

Recurring EBITDA

(% utilization of ethylene capacity)

Resumption of operations

(US$ Million)

in Bahia after scheduled

shutdown in 4Q23

		+8 p.p.
77%	66%		74%			+70%
								210
							30
1Q23	4Q23	1Q24			27
Sales of Resins (PE+PP+PVC)			123	30
(in Thousand tons)	Brazilian Market	Export	Prioritization of
			Brazilian market		Higher sales volume in
			-8%
				the domestic market
		+7%
884	785		839
214		210	193	Recurring	Volume	Contribution	FC¹+DVGA²	Recurring
				EBITDA 4Q23		Margin	+ FX + Other	EBITDA 1Q24

1Q23

4Q23

1Q24

Recurring EBITDA from Brazil segment represented 66% of the Company's total consolidated segments in 1Q24

7 | PUBLIC

Source: Braskem | Note (1): FC: Fixed Costs; Note (2) DVGA: Selling, General and Administrative Expenses.

During 1Q24, the Green Ethylene utilization rate reached 98%, up 36 p.p. from the

previous quarter

Green Ethylene Utilization Rate

(% utilization of Green Ethylene capacity)

Resumption of

+36 p.p.

	raw material	98%
	supply
Scheduled		62%
shutdown for
capacity expansion
conclusion

9%

	1Q23	4Q23	1Q24
Production	200	260	260
Capacity	thousand tons	thousand tons	thousand tons

1Q24 Performance | Green PE

Green PE Sales

(in Thousand tons)

Lower demand in consequence of Chinese New Year

-8%

4945

37

50

0

1Q23

4Q23

1Q24

Green PE is part of Braskem's corporate strategy for 2030 through the Bio-basedgrowth avenue

8 | PUBLIC

Source: Braskem | Note (1): CF: Fixed Costs; Note (2) DVGA: Selling, General and Administrative Expenses.

In the U.S. & Europe Segment, Recurring EBITDA in 1Q24 was US$ 69 million, 20%

lower than in 4Q23

1Q24 Performance | U.S. & Europe

Average Utilization Rate of PP Plants in the USA & Europe

Recurring EBITDA

(% of average utilization of US & European PP capacities)

Unscheduled

(US$ Million)

			-6 p.p.
81%	82%	76%

shutdown in the

United States

1Q23

4Q23

1Q24

PP Sales

(Thousand tons)

518			-1%
512	508

1Q23

4Q23

1Q24

		-20%
87	-1	3
			-20	69
Recurring	Volume	Contribution	FC¹+DVGA²	Recurring
EBITDA		Margin	+ FX +	EBITDA
4Q23			Other	1Q24

Recurring EBITDA from the U.S. & Europe segment represented 22% of the Company's total consolidated segments in 1Q24

9 | PUBLIC

Source: Braskem | Note (1): FC: Fixed Costs; Note (2) DVGA: Selling, General and Administrative Expenses.

In the Mexico Segment, sales volume increased 17% and Recurring EBITDA increased 39% compared to 4Q23

1Q24 Performance | Mexico

Average Utilization Rate of PE Plants		Recurring EBITDA
(% average utilisation of PE capacities)				(US$ Million)
			-1 p.p.
72%	84%	83%

				+39%
1Q23	4Q23	1Q24		3	-3	37
PE Sales		26	11
(Thousand tons)
		Inventory rebuilding and demand	Increased sales
		volume
		seasonality in 4Q23
		+17%
197	178	209
		Recurring	Volume	Contribution	FC¹+DVGA²	Recurring
		EBITDA 4Q23		Margin	+ FX +	EBITDA 1Q24
1Q23	4Q23	1Q24			Other

Recurring EBITDA in the Mexico segment represented 12% of the Company's total consolidated segments in 1Q24

10 | PUBLIC

Source: Braskem | Note (1): FC: Fixed Costs; Note (2) DVGA: Selling, General and Administrative Expenses.