Investor Presentaiton
2016 Braskem | Annual Report
2. POLYOLEFINS
The production of the
Polyolefins segment in 2016
was 4,301 kton, a record
production of polyethylene.
The result was obtained due
to the better utilization rate
of the polyethylene (PE) and
polypropylene (PP) plants, which
also includes the production of
Green Polyethylene made from
renewable raw material.
The average utilization rate of
PE plants was 89% for the year,
a growth of 2 p.p. compared to
2015, mainly influenced by the
better performance of plants
located in the states of São
Paulo and Rio de Janeiro. In PP
plants, the average utilization
rate for the year was 86%,
which was 10% higher than in
2015, influenced by the better
performance of the plants
located in the state of São Paulo
and in the complex in Rio de
Janeiro (both in Brazil), as a
result of the improvement in the
propylene supply from the Basic
Petrochemical segment.
The net sales revenue of the
Polyolefins segment totaled
BRL 20.3 billion, a growth of
2% compared to 2015. In the
Brazilian market, the result was
driven by a greater volume of
exports and better prices in the
international market.
STRUCTURE OF THE POLYOLEFINS SEGMENT
The Polyolefins segment consists of 18 polyethylene (PE) and
polypropylene (PP) plants in Brazil, including the production of
Green Polyethylene made from renewable raw material (sugar
cane). The industrial operations include PE and PP plants
located in the petrochemical complexes in Triunfo, Camaçari,
São Paulo, Paulínia, and Rio de Janeiro, with a total production
capacity of 3,055 kton of PE, with 200 kton of Green PE, and
1,850 kton of PP.
FINANCIAL OVERVIEW (BRL MILLION)
POLYOLEFINS
Net Sales Revenue
4T16
3T16
4T15
(A)
(B)
(C)
VAR.
(A)/(B)
VAR.
(A)/(C)
2016
(D)
2015
(E)
VAR.
(D)/(E)
4,730
5,170
4,785
(8%)
(1%)
20,307
19,986
2%
Cost of Goods Sold
(3,731)
(4,090)
(3,659)
(9%)
2%
(16,041)
(15,461)
4%
Gross Income
Gross Margin
999
1,079
1,126
(7%)
(11%)
4,266
4,525
(6%)
21%
21%
24%
0 p.p.
(2 p.p.)
21%
23%
(2 p.p.)
SG&A
(348)
(327)
(348)
7%
0%
980
(1,304)
(1,225)
6%
Other Operating Income (Expenses)
(64)
(22)
(63)
193%
3%
(120)
(131)
(8%)
EBITDA for the Segment
694
849
829
(18%)
(16%)
3,291
3,647
(10%)
EBITDA Margin for the Segment
15%
16%
17%
(2 p.p.)
(3 p.p.)
16%
18%
(2p.p.)
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