Braskem SA (FRA:BRDA)

Q4 2024 Braskem SA Earnings Call Transcript

Feb 27, 2025 / 02:00 PM GMT

Release Date Price: €1.93 (-5.39%)

Transcript

Key Points

Positve

Braskem SA (BAK) reported a 46% increase in consolidated EBITDA for 2024, reaching $1.1 billion, driven by higher polyethylene sales in Mexico and main chemicals in Brazil.
The company's cash position at the end of 2024 was $2.4 billion, sufficient to cover debt maturities for the next 47 months.
Braskem SA (BAK) achieved a 5% increase in sales volume in 2024, with a record annual sales of bio-based resin in Mexico.
The company reduced its leverage ratio to 7.42 times, a decrease of 0.7 times compared to the previous year.
Braskem SA (BAK) is focusing on strategic investments in green ethylene capacity and expanding its use of ethane as a feedstock to enhance competitiveness.

Negative

The global geopolitical scenario, particularly conflicts in the Red Sea, impacted sea freight costs, affecting Braskem SA (BAK)'s results.
The average utilization rate of petrochemical plants in Brazil decreased by 3% in the fourth quarter due to seasonality and operational issues.
Recurring EBITDA for the United States and Europe segment was 34% lower in 2024 compared to 2023, due to scheduled shutdowns and lower demand.
Braskem SA (BAK) faced a cash consumption of $91 million for the year, despite positive operating cash generation.
The company increased its provision by $1.3 billion for salt cavity closure measures, impacting financial resources.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

BRKM5.SA - Braskem SA
Q4 2024 Braskem SA Earnings Call
Feb 27, 2025 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning everyone and thank you for waiting. Welcome to Brasins 4th quarter of 2024 and the full year of 2024 results conference call.

With us here today, we have Mr. Roberto Ramos.

Braske's CEO Mr. Philippegens, Braskem's CFO, and Ms. Rosanna Avoo, Investor Relations, strategic planning and corporate Market Intelligence director.

We inform you that this event is being recorded.

The presentation will be held in Portuguese with simultaneous translation into English.

All participants can choose which language to listen to and see the presentation using the show captions and view options buttons respectively.

I will provide this information now in Portuguese.

After Braskin's

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