Investor Presentaiton
2016 Braskem | Annual Report
MEXICO
In the first year of operation,
the average utilization rate of
the polyethylene plants at the
Braskem Idesa Petrochemical
Complex was 42%, registering
443 kton of PE production in 2016.
In the year, 431 kton of PE were
sold, including resale of resins,
to meet the Mexican demand for
grades that are not yet produced
during the ramp-up phase of the
plants.11
Of the total sold, 46% were to
the Mexican market and the
rest was exported to several
regions, among which are Asia,
Europe, and the United States.
In Mexico, the sales price for
polyethylene (PE) is referenced
in the price of resins traded
in the American Gulf region,
whose average amount in 2016
was US$ 1,115/t, which was 9%
below 2015. In this scenario,
the net revenue recorded in
2016 was BRL 1.6 billion (US$
474 million).
BUSINESS STRUCTURE
OF BRASKEM IDESA
This business segment consists of an ethane-based cracker,
two high density polyethylene (HDPE) plants, and one low
density polyethylene plant (LDPE) with annual production
capacity of 1,050 kton of PE. Since May 2016, the result
of Braskem Idesa is no longer registered as a project
and became a reportable operating segment. The same
occurred with the result of the LDPE plant, but only as of
August 2016.
FINANCIAL OVERVIEW (BRL MILLION)
MEXICO*
Net Sales Revenue
Cost of Goods Sold
Gross Income
44
4T16
(A)
3T16 4T15 VAR.
(B) (C)
VAR. 2016
(A)/(B) (A)/(C) (D)
2015 VAR.
(E) (D)/(E)
714
538
33%
1,587
(428)
(325)
32%
(1,017)
286
214
34%
570
Gross Margin
40%
40%
0.4 p.p.
36%
SG&A
(73)
(79)
(8%)
(246)
Other Operating Income (Expenses)
(27)
(43)
(37%)
(125)
EBITDA for the Segment
336
214
57%
530
EBITDA Margin for the Segment
47%
40%
7.3 p.p.
33%
11 Ramp-up is a term used in economics and business to define the early stage of industrial productionView entire presentation