Integrated Report 2020
Braskem
INTEGRATED
REPORT 2020
CAPITAL PERFORMANCE
A MESSAGE FROM THE BUSINESS LEADER
BRASKEM
STRATEGIC PLANNING
ABOUT THE REPORT
CREDITS
ŵ ( 37 )
Origin of Financial
Resources
NET CASH FLOW GENERATION
R$ 1,276 million
59% lower than in 2019
•
Strong operating result
• Monetized PIS/COFINS credits totaling
.
R$ 1.786 million
• Reduced planned investments by 23%
• Impacts partially set off by the impact of
working capital in the cash flow in the first
half of the year due to lower purchased
volumes of imported naphtha
AVERAGE DEBT MATURITY
19 years
•50% of the debt due later than 2030
• Average weighted cost of debt impacted
by exchange rate variation +5.3%
CASH POSITION
US$ 3,940 million
•Assures timely payment for debt maturing
.
in the next 84 months
• Considers the revolving credit line of
US$1 billion, available until 2023
Corporate
leverage RATIO
Despite the adverse scenario resulting from
the downturn in the petrochemical industry
and the uncertainties stemming from the
Covid pandemic, we have been able to pre-
serve and maintain our solid cash position
and long debt profile. In line with our firm
commitment to financial health and cost
discipline, we implemented a number of
measures to reduce our corporate leverage
ratio, aiming to return to investment grade.
Since the second quarter of 2020, we were
able to deleverage significantly, down from
7.1x to 2.9x at the end of 2020.
One of the measures taken was the issuan-
ce of US$ 600 million in hybrid bonds (su-
bordinated bonds) in July 2020, with 50%
equity treatment by Standard & Poor's and
Fitch Ratings.
$
Allocation of Resources
INVESTMENTS:
US$ 555 million
8% below the
US$ 600 million
Including:
• Construction of the new PP plant in
the United States (Delta Project) tota-
ling R$ 802 million (US$ 162 million)
•
Includes investments to restart chlorine-
-soda production in Maceió through the
acquisition of sea salt
STATEMENT OF VALUE ADDED (DVA)
R$ 9,599 million
38% higher than 2019
We aim to distribute our financial capital
in a way that adds value to all our sta-
keholders. To this end, all funds, whether
provided by third parties or deriving from
the company's own cash flow, are inves-
ted to generate added value for society.
+
See complete DVA
in the indicator center.
Capital Market
BRKM3
R$ 25.22 per share
(-20.04% compared to 2019)
BRKM3
R$ 23.57 per share
(-21.04% compared to 2019)
Uncertainties resulting from the
COVID-19 pandemic
• Updates on the geological event in
Alagoas
•Loss of investment grade by rating
agencies
•Controlled company Braskem Idesa
in Mexico affected by problems in the
transportation of natural gas and ethane
supply
+
For additional information
on Financial Capital, visit our
Management Report 2020.View entire presentation