Braskem announces 2Q17 Results

SÃO PAULO, Aug. 15, 2017 /PRNewswire/ -- BRASKEM S.A. (BM&FBOVESPA: BRKM3, BRKM5 and BRKM6; NYSE: BAK; LATIBEX: XBRK) announces today its results for 2Q17.

HIGHLIGHTS:

Braskem - Consolidated:

    --  EBITDA: US$945 million (R$3,029million), advancing 10% on 2Q16;
    --  Net income of R$1,142 million in the Consolidated and R$1,089 million in
        the Parent Company. YTD, consolidated net income amounted to R$3,056
        million, while net income attributable to shareholders came to
        R$2,897million;
    --  Financial leverage in U.S. dollar stood at 1.63x or 1.85 including the
        financial penalty under the Global Settlement.;
    --  In compliance with the Global Settlement, Braskem paid a financial
        penalty equivalent to R$607 million, of which US$65 million was to the
        U.S. SEC in April, CFH30 million to the Swiss Office of the Attorney
        General in June;

Brazil:

    --  Crackers operated at an average capacity utilization rate of 93%, down
        2p.p. from 1Q17 and 1 p.p. from 2Q16;
    --  Demand for resins (PE, PP and PVC) came to 1.3 million tons, growing 2%
        from 1Q17;
    --  Sales in the Brazilian market: 844 thousand tons, 2% and 4% up on 1Q17
        and 2Q16, respectively;
    --  Resin production in 2Q17 reached 1.2 million tons;
    --  Resin exports stood at 367 kton, 12% and 19% lower than 1Q17 and 2Q16;
    --  YTD EBITDA of R$4,793 million, accounting for 71% of the Company's
        consolidated EBITDA from all segments;

United States and Europe:

    --  As from 2Q17, the annual capacity of units in Europe reached 625 kta, an
        increase of 80 kta;
    --  Capacity utilization rate of PP plants: 95%, 6 p.p. and 8 p.p. down from
        1Q17 and 2Q16, respectively;
    --  Sales: 516 kton, decreasing 3% from 1Q17 and increasing 2%, from 2Q16;
    --  YTD EBITDA: US$308 million (R$977 million), 14% of the Company's
        consolidated EBITDA from all segments.

Mexico:

    --  PE plants average capacity utilization rate of 83%, 14 p.p. lower than
        1Q17; due to operational adjustments and punctual adjustments in the
        Ethane Supply;
    --  PE Production: 217 thousand tons, 13% lower than 1Q17;
    --  YTD Sales: , 503 kton, 50% sold in the Mexican market;
    --  YTD EBITDA: US$312 million (R$992million), representing 15% of the
        Company's consolidated segments.

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 TOMORROW, August 16, at 01:30 p.m. US ET. 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.

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SOURCE Braskem