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Global industrial activity and better petrochemical spreads in the international scenario boost Braskem's results

Published: 2023-05-09 09:03:00 ET

Braskem posts Recurring EBITDA of US$205 million in the quarter

SÃO PAULO, May 9, 2023 /PRNewswire/ -- BRASKEM S.A.(B3: BRKM3, BRKM5 and BRKM6; NYSE: BAK; LATIBEX: XBRK) the largest resin producer in the Americas and the world's leading biopolymers producer, presents its 1Q23 Earnings Release.

1Q23 HIGHLIGHTS

CONSOLIDATED

Recurring EBITDA US$205 MM, about R$1,063 million. Higher than 4Q22 (US$-32 MM) and lower than 1Q22 (US$920 MM).
Liquidity US$2.8 bi, return on cash flow of 32%1. Ensuring coverage of debt maturities over the next 76 months.
Net Income R$184 MM, about US$35 million. Representing R$0.53 per class ´´A´´ and class ´´B´´ preferred share.
Liabilities 3.86x adjusted Net Debt/Recurring EBITDA LTM2. Mantenance of adjusted Net Debt level in U.S. dollar.

The full earnings release is available on the Company's IR website: www.braskem-ri.com.br/home-en

Braskem will host conference calls to discuss its Results TUESDAY, May 09 at 10:00 a.m. US ET.

Additional information may be obtained from the Investor Relations Department at +55 11 3576-9531 or braskem-ri@braskem.com.br.

1 Considers the recurring generation of cash in dollars in the last 12 months over the Company´s market capitalization in the quarter.2 Company Consider the Recurring EBITDA of the last 12 months, the Adjusted Net Debt with the hybrid bond and does not include the debt of Braskem Idesa.

View original content:https://www.prnewswire.com/news-releases/global-industrial-activity-and-better-petrochemical-spreads-in-the-international-scenario-boost-braskems-results-301819284.html

SOURCE Braskem

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