Investor Presentaiton
2016 Braskem | Annual Report
3. VINYLS
The Vinyls segment had net
sales revenue of BRL 3 billion
in 2016, a 9% growth over the
previous year. This increase
is mainly explained by higher
levels of PVC prices in the
international market and by the
greater export efforts adopted
by the Company to compensate
for the recession of the domestic
market.
In 2016, exports showed a 79%
increase compared to 2015. In
the Brazilian market, sales totaled
528 kton, maintaining the same
level recorded in 2015, since,
despite the market recession, the
Company increased sales to the
Agribusiness sector (irrigation
tubes), reaching a market share
of 52%, which was 1 p.p. higher
than in 2015.
In 2016, the average utilization
rate of PVC plants was 84%,
an increase of 7 p.p. over
2015, and production volume
increased by 10% compared to
the previous year.
STRUCTURE OF THE VINYLS SEGMENT
The Vinyls segment consists of the industrial and commercial operations of the
PVC, chlorine, and caustic soda units, as well as other products such as hydrogen
and sodium hypochlorite. Industrial operations include three PVC plants and two
chlorine-soda plants located in the petrochemical complex in Camaçari and Alagoas.
The Company's annual production capacity for PVC and caustic soda is 710 kton and
539 kton, respectively.
FINANCIAL OVERVIEW (BRL MILLION)
VINYLS
Net Sales Revenue
Cost of Goods Sold
4T16
3T16
4T15
(A)
(B)
(c)
VAR.
(A)/(B)
VAR.
2016
(A)/(C)
(D)
2015
(E)
VAR.
(D)/(E)
794
740
724
7%
10%
3,016
2,780
9%
(732)
(698)
(568)
5%
29%
(2,834)
(2,416)
17%
Gross Income
62
62
33
43
156
45%
(60%)
183
364
(50%)
Gross Margin
8%
6%
22%
2 p.p.
(14 p.p.)
6%
13%
(7 p.p.)
SG&A
(68)
(62)
(64)
9%
6%
(241)
(225)
7%
Other Operating Income (Expenses)
(48)
0
(42)
14%
(49)
(27)
83%
EBITDA for the Segment
38
75
75
108
(50%)
(65%)
241
355
(32%)
EBITDA Margin for the Segment
5%
10%
15%
(5 p.p.)
(10 p.p.)
8%
13%
(5 p.p.)
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