Braskem S.A. (NYSE:BAK) Q3 2022 Earnings Conference Call November 9, 2022 9:00 AM ET

Company Participants

Rosana Avolio - Director of Investor Relations, Strategic Planning and Market Intelligence

Pedro Freitas - Chief Financial Officer

Roberto Simões - Chief Executive Officer

Conference Call Participants

Pedro Soares - BTG Pactual

Bruno Montanari - Morgan Stanley

Leonardo Marcondes - Bank of America Merrill Lynch

Vicente Falanga - Banco Bradesco BBI S.A.

Luiz Carvalho - UBS Group AG

Gabriel Barra - Citigroup Inc.

Barbara Halberstadt - JPMorgan Chase & Co.

Operator

[Interpreted] Good afternoon, and thank you for standing by. Welcome, everyone, to Braskem’s Third Quarter 2022 Results Conference Call. With us today, we have Mr. Roberto Simões, Braskem’s CEO; Mr. and Pedro Freitas, the company’s CFO; and Ms. Rosana Avolio, IRO, Strategic Planning and Corporate Market Intelligence Director.

This event is being recorded and all participants are connected in listen-only mode during the company’s remarks. After Braskem’s presentation, there will be a question-and-answer session when further instructions will be provided. [Operator Instructions] This event is also being broadcast live via webcast and may be found at Braskem’s website at www.braskem.com/ri, where the respective slide deck can also be found. Slide selection can be made by participants. The audio facility will be made available after the event is over. Webcast participants may post their questions via the website. They will be addressed after the closing of the presentation by our IR team.

Before moving on, it’s important to say that forward-looking statements made during this call concerning the company’s business outlook, as well as financial and operating targets and prospects are based on the company’s assumptions and beliefs, and also on information currently available to the company. Those forward-looking statements are no guarantee of performance as they involve risks, uncertainties and assumptions as they refer to future events and, therefore, depend on circumstances that may or may not materialize.

Investors and analysts should have in mind that macroeconomic conditions, industry conditions and other operating factors can also affect future results of the company and, therefore, lead to results that you’ll differ considerably from those expressing these forward-looking statements.

I’ll now turn the floor over to Ms. Rosana Avolio, Investor Relations, Strategic Planning and Corporate Market Intelligence Director, who will start the presentation. Please, Ms. Avolio, you have the floor.

Rosana Avolio

[Interpreted] Good morning, ladies and gentlemen, thank you for participating in Braskem’s conference call. We will present today the results for the third quarter of 2022. Let’s go to Slide #3. I will make some comments about the company’s main highlights for the quarter. The global scenario in the third quarter of 2022 remained impacted by global macroeconomic uncertainties, geopolitical tensions, and perspectives on the performance of the world’s major economies. These uncertainties directly influenced the global demand and, consequently, the dynamics of the petrochemical industry.