Braskem announces 4Q12 and 2012 Results

Thu Feb 7, 2013 7:51am EST

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SAO PAULO,  Feb. 7, 2013  /PRNewswire/ -- BRASKEM S.A.  (BM&FBOVESPA: BRKM3,
BRKM5 and BRKM6; NYSE: BAK; LATIBEX: XBRK announces today its results for 4Q12
and 2012.


* Braskem's sales in 2012 were up 10%, while its market share reached 70%, a 5
p.p. expansion on 2011.  
* Crackers capacity utilization rate in 4Q12 stood at 82%, reflecting the weaker
global demand and the unscheduled shutdowns due to problems related to the
electricity supply. In 2012, the capacity utilization rate was 89%, reflecting
the improved operational performance at crackers compared to 2011 (83%).  
* EBITDA in 4Q12 was  R$1,399 million  or  US$677 million, positively affected
by the  R$516 million  gain from the divestment of non-core assets. In 2012,
EBITDA was  R$3,958 million, growing 6% from 2011.  
* In 2012, Braskem started operations at its new PVC plant and butadiene
capacity expansion project.  
* In  December 2012, the  US$3.2 billion  financing structure for the integrated
petrochemical complex in  Mexico  to produce polyethylene was concluded with the
support of a multinational pool of seven banks and credit agencies.  
* In the year, Braskem concluded the second phase of engineering for the Comperj
project. Work on the basic engineering projects for the industrial units is
expected to begin in 2013.  
* In  December 2012, Braskem divested non-core assets in  Brazil  and  United
States  in the aggregate amount of  R$822 million, which led to the recognition
of a gain of  R$516 million  in last quarter.  
* The Company obtained a  US$200 million  loan due in  November 2022  from
Nippon Export and Investment Insurance ("NEXI"). The loan will be disbursed in
1Q13 and the semiannual interest payments are composed of currency variation,
Libor + 1.1% p.a.

The full earnings release is available on the Company's IR website:

Braskem will host conference calls to discuss its Results TODAY,February 7,
2012, at  11:30 a.m. ET  in English and  10:00 a.m. ET  in Portuguese. See
connecting details on the Company's IR website.

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

Guilherme Melega, +55 (11) 3576-9531,
Roberta Pimphari Varella, +55 (11) 3576-9266,
Susana Yamamoto, +55 (11) 3576-9970,
Daniela Balle de Castro, +55 (11) 3576-9615,
Pedro Gomes de Souza, +55 (11) 3576-9010,


SOURCE  Braskem S.A.

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