Provided by MZ Data Products
 
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 
FORM 6-K
 
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16
OR 15D-16 OF THE SECURITIES EXCHANGE ACT OF 1934

For the month of August, 2007

(Commission File No. 1-14862 )

 
 
BRASKEM S.A.
(Exact Name as Specified in its Charter)
 
N/A
(Translation of registrant's name into English)
 

Rua Eteno, 1561, Polo Petroquimico de Camacari
Camacari, Bahia - CEP 42810-000 Brazil
(Address of principal executive offices)


Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F ___X___       Form 40-F ______

Indicate by check mark if the registrant is submitting the Form 6-K
in paper as permitted by Regulation S-T Rule 101(b)(1). _____

Indicate by check mark if the registrant is submitting the Form 6-K
in paper as permitted by Regulation S-T Rule 101(b)(7). _____

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes ______       No ___X___

If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- _____.


Investors Meeting
2Q07 Results

José Carlos Grubisich                         Carlos Fadigas

 

 

 

Forward-looking Statements

 
 

This presentation contains forward -looking statements. Such statements are not statements of historical facts, and reflect the beliefs and expectations of Braskem’s management. The words “anticipates”, “wishes”, “expects”, “estimates”, “intends”, “forecasts”, “plans”, “predicts”, “projects”, “targets” and similar words are intended to identify these statements. Although Braskem believes that expectations and assumptions reflected in the forward -looking statements are reasonable based on information currently available to Braskem’s management, Braskem cannot guarantee future results or events.

Forward -looking statements included in this presentation speak only as of the date they are made (June 30, 2007), and the Company does not undertake any obligation to update them in light of new information or future developments.

Braskem shall not be responsible for any transaction or investment decisions that are taken based on information included in this presentation.



 2
 

 

Agenda 

 
 

Highlights 2Q07   
     
    José Carlos Grubisich
CEO 
 
Results 2Q07   
     
    Carlos Fadigas
CFO 
 
Growth with Value Creation   
     
    José Carlos Grubisich
CEO 



3
 


2Q07 Highlights
Significant strategic improvements 
 

Acquisition of Ipiranga’s petrochemical assets 
    – The acquisition of Ipiranga Petroquímica minorities was concluded 
    – CVM announces that a change of control public tender offer (“OPA”) for Copesul shares is not required 
    – Notice of public tender offer to delist Copesul published on August 14, 2007 
 
Odebrecht capitalizes Braskem’s debentures in the amount of R$ 1.2 billion 
    – BNDESPar exchanges Odebrecht debentures for Braskem’s Class A Preferred Shares 

               
CONTROLING SHAREHOLDERS 79.2% 44.4%              FREE FLOAT  12.3% 44.9%     
                       
                                   
  ODEBRECHT    NORQUISA*     PETROQUISA     BNDESPAR   OTHERS**  
                                 
  59.4% 37.3%    19.8%  7.1%      8.1%  6.8%       0.0%  7.4%    12.3%  37.5%   
                                   


*Odebrecht holds 100% of Norquisa  % Voting Capital  % Total Capital  4
**Does not include shares held in treasury (3.7% of total)
 Source: Braskem 


Braskem
 The largest petrochemical company in Latin America
 

Gross Revenue    Net Revenue    EBITDA 

US$ 11.0 bi

  
US$ 8.7 bi

  
US$ 1.7 bi

  Exports    Assets   
 
US$ 2.4 bi 

  
US$ 10.3 bi 

  

Note As of 06/30/07 – Pro forma basis: last twelve months.

5 
Source: Braskem 


Consistent growth 
Strong acceleration with Ipiranga’s acquisition...
 

 Net Revenue US$ million    EBITDA US$ million    Exports US$ million
 
 
 

LEVERAGED BY PRODUCTION GROWTH, MARKET LEADERSHIP, SUCCESSFUL
COMMERCIAL POLICY AND INDUSTRY CONSOLIDATION

* 2Q07 LTM: Pro forma Consolidated Braskem. Other periods on real basis 
 6
Source: Braskem 


...Combined with improved business quality focused on global competitiveness 
 

Second best EBITDA margin posted by petrochemical companies worldwide




7 
Source: Braskem – Companies’ information for 2006. Braskem’s EBITDA margin for 2006 is the same as the EBITDA margin for2Q07 LTM 

 

Agenda 

 
 

Highlights 2Q07   
     
    José Carlos Grubisich
CEO 
 
Results 2Q07   
     
    Carlos Fadigas
CFO 
 
Growth with Value Creation   
     
    José Carlos Grubisich
CEO 



8
 

 

Improved performance in all indicators 2Q06 x 2Q07 

 
 

 Gross Revenue  R$ million    Net Revenue R$ million    Exports US$ million 
 
 




 

 EBITDA

 R$ million     Net Income R$million   
 

 

  
 

Source: Braskem 
9
 

 

Improved performance in all indicators 1H06 x 1H07

 
 

 Gross Revenue  R$ million    Net Revenue  R$ million    Exports  US$ million 
 
 




   EBITDA  R$ million    Net Income R$ million   
 
 
 



10
 

 

EBITDA surpasses R$ 900 million in 2Q07, posting 64% growth

 
 

R$ million


 11
Source: Braskem

 

EBITDA surpasses R$ 900 million in 2Q07, posting 64% growth 

 
 


Price Evolution: Spreads of 30% over international prices 

               
 PE  + 32%   Basis 100     PP + 33%     Basis 100     PVC  + 35%    Basis 100 
               
 
 
  



12
Source: Braskem 

 

EBITDA surpasses R$ 900 million in 2Q07, posting 64% growth 

 
 

R$ million


2Q07 Commercial Performance: Focus on profitability combined with commercial flexibility (1)

Ethylene  kt      Total Thermoplastics  kt  
t   

(1) Consolidates sales in Domestic market and exports.
13
Source: Braskem 

 

EBITDA surpasses R$ 900 million in 2Q07, posting 64% growth 

 
 

R$ million



 14
Source: Braskem 

 

EBITDA surpasses R$ 900 million in 2Q07, posting 64% growth 

 
 

R$ million


11% increase in Naphtha ARA price impacts EBITDA in R$ 391 million 

   Naphtha ARA   US$/ton    Naphtha in the COGS: 2Q06 x 2Q07   
 
 
 



15
Source: CMAI 

 

EBITDA surpasses R$ 900 million in 2Q07, posting 64% growth 

 
 

R$ million



 16
Source: Braskem 

 

EBITDA surpasses R$ 900 million in 2Q07, posting 64% growth 

 
 

R$ million




 17
Source: Braskem 


Debt Profile 
Amortization agenda compatible to cash generation and acquisition in process 
 

 

 

AMORTIZATION AGENDA
(R$ million)
06/30/2007		   Gross Indebtedness by Index     R$ million 
   
    Gross Debt: 7,303 
        Net Debt: 5,214 
           
        Average Maturity: 13 yrs 




18
Source: Braskem 


Financial Solidity 
Leverage between 2 and 2 3 x after the completion of the acquisition 
 

R$ million    Braskem Financial Effort    Net Debt    EBITDA ( LTM )   Net Debt / Ebitda (x)
 
12/31/2006       4,513    1,661    2.72 
 
06/30/2007    770    5,214    3,5073    1.49 
 
 
Acquisition of common shares out of controlling group - Ipiranga Group    256    5,470    3,503    1.56 
 
Delisting of Copesul (1)   1,406    6,876    3,503    1.96 
 
Deliver of petrochemical assets by Ultrapar    596    7,472    3,503    2.13 

(1) Includes financial effort equivalent to 100% of the public tender offer (OPA)

Source: Braskem 
19
 


Net Income 
Surpasses R$ 400 million in 1H07
 

Operating performance and improved financial result leverage net income 

R$ million

Main Economic Indicators    2Q07    2Q06    Chg. %    1H07    1H06    Chg. % 
   (A)   (B)   (A)/(B)   (C)   (D)   (C)/(D)
                         
Net Revenue    4,969    4,048    23%    9,393    8,022    17% 
                         
EBITDA    921    562    64%    1,774    1,290    37% 
                         
EBITDA Margin    18.5%    13.9%    +4.6 pp    18.9%    16.1%    +2.8 pp 
                         
Net Financial Result    (59)   (317)   -81%    (163)   (357)   -54% 
                         
Net Income    281    (55)   -    408    92    344% 

Source: Braskem 
20
 

 

Agenda 

 
 

Highlights 2Q07   
     
    José Carlos Grubisich
CEO 
 
Results 2Q07   
     
    Carlos Fadigas
CFO 
 
Growth with Value Creation   
     
    José Carlos Grubisich
CEO 



21
 


Braskem 2002-2007 
5 years of consistent growth 
 



22
 


Braskem 2002-2007 
5 years of consistent progress - Productivity 
 

  Production Capacity    Resins Production   
  (thousand of tons)   (thousand of tons)  
 
 
 

  Net Revenue/Employee
(thousand of US$)		   EBITDA/employee
(thousand of US$)		  
     



23
Source: Braskem 


Braskem 2002-2007 
5 years of consistent progress – Market
 

 PE Market Share     PP Market Share     PVC Market Share 
 
 



24
Source: Braskem and Abiquim 


Braskem 2002-2007 
5 years of consistent progress – Financial
 

 Market Cap (US$ million)    Financial Volume (daily average R$ 000)   Financial Leverage
 
 



25
Source: Braskem


Braskem 2002-2007 
5 years of consistent growth – Technology and Sustainability
 
  Innovation and Technology     Sustainability    
  Accumulated Patents   Liquid Effluents (m3/ton)  
 
 
 

  Innovative Products (kt)   Solid Leftovers (kg/t)  
 
 
 



26
Source: Braskem


Braskem 2002-2007 
5 years of consistent growth
 



27
 


Integration of Braskem, Ipiranga and Copesul 
Control of synergies capturing process
 

Synergies > US$ 500 million in NPV


Goals:            
Mutual knowledge of the companies (practices and people); Quantification and classification of opportunities: immediate, subject to approval and post integration / incorporation/ Efficient capture of possible gains;
Identification of best practices;   Adequate communication with the Boards and the market;

Activities:            
Visits;  Identify opportunities;  Define terms, responsible parties and final products per stage and action, with defined goals and supervision.
Work meetings;  Quantify impacts;   
Information exchange.  Define feasibility;   
    Prioritize and communicate.   



28
Source: Braskem


Ipiranga’s Acquisition 
Detailed Opportunities and Synergies 
 

      Industrial          Commercial          Logistics 
         
Revenue increase with the reutilization of Copesul’s aromatic chains in UNIB- Camaçari

 Unification of production and maintenance practices

 Production of homopolymer PP by Ipiranga		   Client portfolio integration

Ipiranga’s export agreements optimization 		  Joint management of raw materials

Optimization of distribution logistics in the local market

Reduction of international freight contracts and modals optimization

Rationalization of spare parts inventories
 
       HSE 
Joint management of solid residues

Unification of best effluents safety and management



29
Source: Braskem


Ethylene-Ethanol Project  
A pioneer achievement globally 
 


SUGARCANE 



100% renewable raw
material 		  
Certified by Beta
Analytics USA
Main laboratory in the world
specialized in carbon analysis 		  
Association with
Brazilian and
multinational
companies
Food, automotive and
cosmetic industries 



30
Source: Braskem


Production capacity increase  
Projects implementation 
 




31
 


Production capacity increase  
Ranking evolution  
 

 PE  kt    PP  kt    PVC  kt 
   



32
Source: Braskem and CMAI 


Our Vision  
 


Become Latin
American leader in
thermoplastic resins		   Be positioned amongst
the 10 largest
petrochemical
companies in market
value globally




33
 


Investors Meeting
2Q07 Results

José Carlos Grubisich                         Carlos Fadigas


SIGNATURES

        Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date:August 14, 2007

  BRASKEM S.A.
 
 
  By:      /s/      Carlos José Fadigas de Souza Filho
 
    Name: Carlos José Fadigas de Souza Filho
    Title: Chief Financial Officer

 

FORWARD-LOOKING STATEMENTS

This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates offuture economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will a ctually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.