Investor Presentaiton
2016 Braskem | Annual Report
39
BRL
5.6
BILLION
is the net
revenue from
exports, up
13% from
2015.
Results by
Operational Segment
in Brazil
G4-EC1
The result of Braskem in Brazil is composed of the following segments:
Basic Petrochemicals, Polyolefins, Vinyls, and Chemical Distribution.
1. BASIC PETROCHEMICALS
Production in 2016 was 8.5
million tons, 3% higher than
2015 and a Company historical
record, while the average
utilization rate in the year was
92%, an increase of 3 p.p.
compared to 2015, highlighting
the petrochemical plants of São
Paulo, Rio Grande do Sul, and Rio
de Janeiro. The Petrochemical
Plant of Rio de Janeiro also
stands out, due to the greater
supply of ethane raw material,
with a record utilization rate.
The segment's net sales revenue in
the Brazilian market reached BRL
19.5 billion, a 1% growth over the
previous year, driven by greater
sales volume of the main basic
petrochemicals to third parties,
especially the redirection of sales
of gasoline for the domestic
market, showing a growth of 66%
compared to the previous year.
The volume of export sales
was impacted mainly by the
replacement of the exported
volume of propylene for supply
to the Client in the acrylic
complex in Bahia and by the
higher volume of transfer to
the Polyolefins segment for PP
production. The result was 705
kton, 7% less than the volume
recorded in 2015, which was
partially compensated
the increase in benzene and
butadiene exports.
by
Net revenue for exports was
BRL 5.6 billion, up 13% from
that in 2015, due to the
higher average exchange rate
between 2016 and 2015, in
addition to better prices of
some basic petrochemicals
in the international market,
especially butadiene.
STRUCTURE OF THE BASIC
PETROCHEMICAL SEGMENT
The Basic Petrochemicals segment owns and operates four
petrochemical complexes in Brazil (Camaçari, Triunfo, São Paulo, and
Rio de Janeiro), where olefins, aromatics, and utilities are produced.
The total annual ethylene production capacity of these industrial units
is 3,952 kton, approximately 78% of which is naphtha-based, 16%
is gas based, and the rest is ethanol-based. Of the total ethylene
produced by the Basic Petrochemicals units, nearly 80% is transferred
for consumption in the Company's Polyolefins and Vinyls units. The
segment's annual propylene production capacity totals 1,585 kton and
approximately 65% is transferred for consumption in the Company's
Polyolefins segment.
FINANCIAL OVERVIEW (BRL MILLION)
BASIC PETROCHEMICALS
Net Sales Revenue
Cost of Goods Sold
Gross Income
4T16 3T16 4T15
(A) (B) (C)
VAR. VAR. 2016
(A)/(B) (A)/(C) (D)
2015 VAR.
(E) (D)/(E)
6,548 6,409 6,297
2%
4%
25,063 24,270 3%
(5,315)
(5,194) (5,247) 2%
1%
(20,266) (20,053) 1%
1,233 1,215 1,051
2%
17%
4,796 4,217
14%
19%
19%
17%
0 p.p.
2 p.p.
19% 17%
2 p.p.
(186)
(198) (202)
(6%)
(8%)
(698)
(659)
6%
(268) (44)
(159)
507%
69% (374) (178)
110%
EBITDA for the Segment
1,076 1,274
986
(16%)
9% 4,910 4,440
11%
EBITDA Margin for the Segment
16%
20%
16%
(3 p.p.)
1 p.p.
20%
18% 2p.p.
Gross Margin
SG&A
Other Operating Income (Expenses)View entire presentation