Braskem SA ADR Pfd 2025年年度报告和过渡报告

TABLE OF CONTENTS PRESENTATION OF FINANCIAL AND OTHER INFORMATION All references herein to “real,” “reais” or “R$” are to the Brazilianreal, the official currency of the Federative Republic of Brazil, or Brazil. All references to “U.S.dollars,” “dollars” or “US$” are to U.S. dollars, the official currency of the United States. All references to “CHF” are to Swiss francs, the official currency ofSwitzerland. The selling rate was R$6.1923 to US$1.00 as of December 31, 2024, R$4.8413 to US$1.00 as of December 31, 2023, and R$5.2177 to US$1.00 as of December 31,2022, as reported by the Central Bank. Thereal/U.S. dollar exchange rate fluctuates widely, and these selling rates may not be indicative of future selling rates. Solely for the convenience of the reader we have translated, to the extent applicable,realamounts in this annual report into U.S. dollars at the selling rate asreported by the Central Bank as of December 31, 2024, of R$6.1923 to US$1.00. These translations should not be considered representations that any such amountshave been, could have been or could be converted into U.S. dollars at that or at any other exchange rate. All references herein to (1) “we,” “us,” “the Company” or “our Company” are references to Braskem S.A., its consolidated subsidiaries and jointly controlledentities, and (2) “Braskem” are references solely to Braskem S.A. All references herein to “Braskem Europe” are to Braskem Europe GmbH and its consolidatedsubsidiaries, including Braskem America, Inc., or Braskem America. Financial Statements Braskem Financial Statements We maintain our books and records inreais. Our consolidated financial statements as of December 31, 2024, and 2023 and for the three years ended December 31,2024, have been audited, as stated in the report appearing therein, and are included in this annual report. These financial statements and related notes included elsewherein this annual report are collectively referred to as our audited consolidated financial statements herein and throughout this annual report. We have prepared our consolidated financial statements in accordance with IFRS Accounting Standards, as issued by the International Accounting Standards Board(“IFRS Accounting Standards”). Market Share and Other Information We make statements in this annual report about our market share in the petrochemical industry in Brazil and our production capacity relative to that of otherpetrochemical producers in Brazil, other countries in Latin America, the United States and the world. We have made these statements on the basis of informationobtained from third-party sources that we believe are reliable. We have calculated our Brazilian market share with respect to specific products by dividing our domesticnet sales volumes of these products by the total Brazilian domestic consumption of these products. We derive information regarding the production capacity of othercompanies in the global petrochemical industry, international market prices for petrochemicals products and per capita consumption in certain geographic regionsprincipally from reports published by Chemical Market Analytics by OPIS, a Dow Jones Company (“CMA”). We derive information relating to Brazilian imports andexports from ComexStat, produced by the Brazilian Ministry of Development, Industry, Trade and Services (Ministério do Desenvolvimento, Indústria, Comércio eServiços, the “MDIC”). We also derive information from reports published by Brazilian Association of the Alkali, Chlorine and Derivatives Industry (AssociaçãoBrasileira da Indústria de Álcalis, Cloro e Derivados, the “Abiclor”). We also include information and statistics regarding economic growth in emerging economiesobtained from the International Monetary Fund (“IMF”), and statistics regarding gross domestic product, growth in Brazil, the United States, Europe and Mexicoobtained from independent public sources, such as the Brazilian Institute of Geography and Statistics (Instituto Brasileiro de Geografia e Estatística); the U.S. Bureauof Economic Analysis of the U.S. Department of Commerce; the statistical office of the European Union (Eurostat); and the Mexican Institute of Statistics andGeography (Instituto Nacional de Estadística y Geografía). We provide information regarding domestic apparent consumption of some of our products based on information available from ComexStat, produced by the MDICand reports published by Abiclor. Domestic apparent consumption is equal to domestic productionplusimportsminusexports. Domestic apparent consumption for anyperiod may differ from actual consumption because this measure does not give effect to variations of inventory levels in the petrochemical supply chain. Table of Contents We have no reason to believe that any of this information is inaccurate in any material respect. However, we have not independently verified the productioncapacity, market share, market size or similar data provided by third parties or derived from