BAK - Braskem posts Recurring EBITDA of US$230 million in the quarter 9% higher than 4Q23 and 12% higher than 1Q23

PR Newswire

SÃO PAULO , May 9, 2024 /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 1Q24 Earnings Release .

1Q24 HIGHLIGHTS

CONSOLIDATED

• Recurring EBITDA of US$230 million , around R$1,140 million , higher than 4Q23 (+9%) and 1Q23 (+12%).
• Cash position of US$3.3 billion , ensuring coverage of debt maturities over the next 69 months.
• Operating Cash Generation¹ of US$196 million , around R$972 million , higher than 4Q23 (+US$129 MM) and 1Q23 (+US$254 MM).
• Green PE Production : utilization Rate of 98%, +36 p.p. vs. 4Q23 and +89 p.p. vs. 1Q23. Normalization of green ethylene supply after restrictions in 4Q23 due to the climate conditions.

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

Braskem will host conference calls to discuss its Results Thursday, May 9 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 Operating Cash Generation (=) Recurring EBITDA (-) Operational CAPEX (-) Strategic Investments (+/-) Changes in Working Capital.

SOURCE Braskem