you joining sharing for us for thank Braskem's call. and of gentlemen, of results the be and the Today, conference ladies we'll afternoon, second Good XXXX. earnings quarter
continue solid in of with company main my EBITDA highlights. commenting Slide the started reported quarter on on start deliver XXXX. USD the get million. company's results Braskem in quarter. financial #X, XXX highlights presentation, second of Starting The where will I recurring the the Let's to
at of Additionally, XX%. stood regards cash the With return around cash of representing into cash was to flow conversion XX%. shareholders, generation to a EBITDA billion, BRLX.X
long in maturity a metrics. low, Turning term Fitch investment-grade ratings and remained maintained concentrated to The credit as profile we as by and the corporate debt well S&P ratio leverage ratings.
an of the with agenda, feedstock included reach recycling recycled Mexico. around the has to our which while Idesa This PE help production import Another annually the which of ethane important ESG of will important with of Wise, capacity XX%. XX,XXX have its this of our import terminal transactions enabling XX,XXX around the in XX,XXX BV that XXXX. per production we around the to year X an Recently, import the day for to tons capacity agreement allow to Braskem Advario all of capacity mechanical capacity XXX,XXX sale. On will by highlights tons will the needs interest potential expansion us highlight concluded signing in acquisition per barrels per Mexico tons ethane, was in target terminal product to double equity opportunity year of
XX,XXX Additionally, has before joint the notice capacity to recycling market announced of the mechanical which announcing Circular, annually year. a the Wise transaction, of with via Terra we venture tons already formation per had
quarter at the X.Xx, front, rate represent decline social without on which frequency XX% the global time stood On and last our a with same injury of lost year.
and approved and also privacy a protection management data policy we global our Lastly, personal to view updating global policy of our and the enhancing with our risk modernizing practices.
reduced profile its by oil Brazil in community slide Braskem that feedstock has the over its move to better We exposure advancing this in diversification, its only recent geographically included years, to our natural to please. gas between feedstocks. Let's and balancing to reinforce but on slide, not next also investor
of revenue in terminal of by and this in share, resin exposure see XX% the located further as our memorandum chart on various you this outside with such the expand today, and as right understanding already As SCG the international Moreover, the on year-to-date, in Brazil, net reduced is can chemicals our of Braskem of the can in could feedstock around naphtha, projects signed Thailand. chart left, chart operations. has significantly the see have the XX% we on that better shows operations in Mexico contributed capacity and that to by reaching outside its on profile. export was a middle, The its you of Brazil around balance
was chemicals In slide, PE Europe, in next XX% the lower PP main Brazil, above the the million, volume addition quarter down in consolidated Brazil relation was the of still Mexico. in for second spreads historical Europe for and sales to show PVC our of which EBITDA. on though in of down U.S. EBITDA recurring international second Now to and by to of and in mainly for Europe recurring is to 'XX, the the the Europe. in XX-year in quarter, the In average due main and and and our normalization in against PP U.S.A. lower spreads going Brazil first in EBITDA PP you international USD resins volume 'XX, quarter sales Mexico, explained lower chemicals in PP we're XXX in in dollar PE of of Brazil, XX% the
segment. Let's covers to next highlights the slide, go our which by
the exports In the stable PE is complex capacity quarter complexes lower availability to operations. market, The sales given volumes United XX%, you was the USD of second million. resin utilization petrochemical second of local supported show in due and state 'XX export Rio a we quarter, higher logistics. highlights the the due second of of with the Grande shutdown Brazil main in Brazil In Sul. operated context, quarter at 'XX, the do Brazil the of Brazilian the rate PE in States XXX better at quarter of scheduled in mainly for in increased exports maintenance line from in first demand. which the to Meanwhile, petrochemical recurring Here, the were the for export EBITDA the the the X% by conditions by this
going been the BRLX.X in disbursed billion, already shows billion BRLXX.X adjustment. The the to the in term. quarter from differ the topic under corresponds slide eliminate total The BRLX.X amounts remember about next be of of to provision event developments the the Alagoas. 'XX possibility future the and estimates the talk under present geological value the that or of on of slide, the to chart left chart The provisioned. could right Alagoas, to cannot to important chart the related On geological at expenses shows XX% the for Braskem that with incurred costs provisioning which we're related the the term balance, in XX% on or second have their BRLX.X the which middle billion of schedule around amount billion. of and provisioned short and total ended event long disbursement the It's shows booked
made Moving the on, on event, but action still the progress on next slide fronts. geological shows the
financially submitted acceptance to relocating on families reached districts and the Maceio. at continued XX,XXX, progress with high-risk Braskem First, of rate of remaining make high proposal financial number XX.X%. compensating The in for compensation proposals
XX. X closure XX closing the the June and and wells group of progress Cavity of of XX.X% On Cavity X with the monitoring XX.X% advancing with and are backfilling by X XX and wells, wells of of the end XX, in are the of
projects front, and study on and following environmental On about at with on in social urban actions subsidize the this the Lastly, impacts relocated action progress were to focus the expectation quarter. action on advances: front there and MPF and and areas. activities measures, social and social diagnosis advance in urban delivery demolitions to The mobility environmental to of MPF the potential the social plan the development work damages, compensation discussions protocol vacant the and in start this environmental specific mobility, plan, of areas for urban of assessment of this points
the the capacity United 'XX. in local please. and This our X due This rate at capacity operated due PP Europe. percentage the the second the quarter highlights points the In quarter to rate next maintenance reflecting points shutdowns the in of short utilization X happened weaker the period. at the a by out the decreased operational and scheduled XX%, previous United to carried of demand go period. States slide, availability percentage plants Let's the in feedstock first lower of to Europe, a problems down shutdowns presents the the In from supplier slide States the in utilization to and operations unscheduled of XXXX, quarter, against
in In second quarter up XXXX tons, the terms XXXX. sales sales PP performance, of quarter XX% second against volume was in recurring In of Europe, XXX,XXX registered USD quarter. EBITDA U.S. quarter XXX million. of the segment's XXX,XXX the The in of tons of previous we sold the the
the the XX drawdown the by in of inventories XXXX reduction Mexico, of the and the grid. the first highlights of of volume our by XXXX the an instability next XX%, in due product was ethane impacted second power was shutdown was of by the during declined the utilization by quarter caused shows by XX% on, capacity compared supplied million. quarter. EBITDA to offset quarter in Mexico. lower the sale, segment's in quarter unscheduled second of for rate PEMEX partially Moving slide in which recurring The XXXX availability USD In Sales to operations
the next ethane slide on, Mexico. Moving our shows in terminal
around represents terminal's Mexico. the The Quimica by the and for highlights estimated agreement of of barrels the construction needs. second expertise that Advario of world. which XXXX. USD long day, XXX have and and And is capital feedstock terminal an million, Mexico terminals current Advario was around supply expectation around the around operation in Advario of which terminal of ethane in operations, construction the start major the in quarter half be Puerto Idesa will will will the an in the in per of with terminal project XXX% XX% Mexico. is XX,XXX feedstock the One of signed each at of CapEx The the the ethane Braskem has capacity
PEMEX refusal amendment remember of XXXX, until Braskem that rights purpose has has Lastly, consume in production for I own all Idesa not under that the XXXX. and first process its signed ethane does the available in
next of representing BRLX.X monetization quarter, million. the a Cash around capital in PIS/COFINS go which positive slide, tax into to in recurring quarter impacts XX%. and the The main of in shows of cash conversion variation EBITDA the the working now Let's were our the in the BRLXXX cash amount generation. EBITDA the of approximately was credit generation billion,
our progress simplify slide, program At slide of and improvement please. next on Stage returns Braskem's gains a advances capture mostly the X results program in million processes considering the end can The positive in This lower the a net of accordance XXXX EBITDA, expectation a initiatives to only and/or XXXX, pace ways: maturity quarter the lower important Value a and ended of XXX occur million measurement as bulk covers machine represents XXXX in for the the XXX of next Braskem. costs, billion has and instrumentation, Braskem associated in the in current in XXXX, of to profile and to variable systems, in lower optimize average Let's and international higher others. to learning, that good program direct debt position was fixed year, expenses. capture software position a the in transformation X, due shows around actions for USD launched of second automation credit facility all liabilities value term digital the second the analytics, debt initiatives. X/X gains debt the in impact pace the coming capture advanced until X on long SG&A increasing delivered was The program of Transform of among audit. was with considering such the in XXXX. cloud on the which and available About The go technologies internal USD liquidity strong Stage scopes, very use with due maintaining coming potentially consolidate stabilization already program, which years, with of with and company's following or X revenue, year make USD rate digital a X its X beyond. without the relevant services, is initiatives, new costs and their with quarter rotating months. of of XX this liquidity
move the allocation corporate Let's low second remaining the continue a going where debt to cover and in we're committed position, credit quarters, on a levels observed Braskem quarter X.XXx. the metrics slide, with capital long company's present to prior profile, rating. remain maintaining solid the to In to line credit dynamics levels investment-grade with maturity next leverage credit cash very robust We efficient at -- an in metrics.
we in this at Going growth chemicals on next left highlight economy. recycling. first growth sales highlights. take avenues, to resins we are our The on want our of foster Braskem's main On that ESG to let's a formalized XXXX chart to volume when the advancing in the slide, the of since slide, commitment circular look I the and recycled our the one shows
grow right considering a see, Wise Circular the of you whole with year, can the practically production the first per and all public recycled chart shows projects, sold we the year. half Valoren, volume year. our each capacity already As already Terra sales reached production the of already XX,XXX same we XXXX as capacity last products of we about tons of in announced The in alone, plastics, of on projects
that announced feasibility in financial We also on. could projects study have phase various the be later
of new for this technologies, accessibility to start please. team Brazilian chemistry for sponsorship slide, in performance our orthopedic Paralympic contributing sponsorship given June we Since to Braskem interest Let's its level equipment Brazilian plastics the our National athletes. the has XXXX, plastics offer in of Committee. the go power athletes. X and another Brazilian improved better Braskem lives, and of the transformational to this until in renew comfort, the renewed people's prosthetics XXXX. developing in more supported sports decided years the of and world-class greater Paralympic Braskem materials Parathletics since And August, used believes for Moreover, next
by results. next the a Braskem for business, in feedstock its the the chart makes slide, some can the important which to shows that cracking significant by competitors portfolio other has a generated made the that well-diversified in is the possible comparison on see naphtha with ethylene of our left On production chart middle, chemical has matrix. contribution company's Braskem broad you regions. of can and each profile in to you see In highlights a coal feedstock due The products
the our XXXX coming characteristics widening that should in firms. able consulting observed in net of the chemical represented shows of to the levels the historically, the second that around which and the of the external quarter revenue. opportunities, at XX% chart main Braskem right total business, remain spreads on capture Lastly, because is to in of high according quarter, sales of products for the as Note such chemicals
spreads external on in remain firms, half Let's the move next the half the the new and capacities to latest petrochemical please. for forecast in the the because of recent the PE XXXX. we'll comment coming scenario case of mainly year propylene of in In of naphtha the this first the on for PP. PP on slide, spreads, this slide, second of the gas-based, second to On relation the lower expectation online and the by period. Based for half PE average should above consulting is spreads in year, historical the U.S.
presents slide next short-term the on, Moving our outlook.
expectation the complex to the of Brazil, ethylene shutdown. after higher the due petrochemical For general is at operations production in for Grande the Sul do Rio maintenance restarting
for in volume. is the sales, the maintenance of outlook terms sales In resin
chemicals the recent due same the above of production historical United spreads, previous average. be remaining of the line at and to in quarter. at quarters PVC, levels at are decline levels volume In the U.S. last expectation sales levels for historical remain PP the remaining quarter with average. for for stable but propylene expectations PP previous in should a the spread Meanwhile, recent should the spreads above and line in consensus with As States,
the the Lastly, increase supply. total expectation volume for due Mexico, production to feedstock higher of in expectation is for
due availability. in to is As higher Mexico, the product sales for volume expectation such, PE higher
the remains slide, Let's Braskem interesting please. global slide next shows opportunity industry. to petrochemical move This on in the an investment how
see in It but EV consensus, a generation, shares is on We a in healthy cash we is not appreciation Braskem the relation also is consistent that Braskem on First, sustainable on quotes and disciplined with peers its looking based multiple, price to Braskem strategy BX recent allocation. serving financial clients potential makes a discounted world its EBITDA all has its development robust and Braskem only for a capital Latin to America. continents. concrete in its compared financial operating over to at the biopolymers. want market market in contributions leader peers and leader stock reinforce global position remains also to company, in U.S. to
in strategy profitability in incorporates geographical at increases also Lastly, part or which profiles, the in management diversifying dollar. by denominated and its revenues Braskem risk with risks. its costs and corporate of is Braskem dollarized highly its packed large feedstock mitigates a its a
in the Braskem rating. XXXX. maintaining results you, of Alagoas, on for related to today's in returning everyone, Thank pillar next our the attention. credit the for to pillars. presentation productivity the focus investment-grade fronts focused for our on capturing of value recaps for allocation, shareholders of are are to and which import diversification, XXXX, will capital focus and and of event not intensifying your of quarter sustainability, which strategic advancing in Lastly, starting each SCG occurred one we'll Thailand. our on feasibility the Starting annual value action main our also of plant standpoint recycling, On footprint. investing governance program over broken reach on the this defining Transform go in actions to recurring targets with million studies the remain focused turn X reducing initiatives growth. projects targets and the USD our competitiveness, I'll the new ethylene and from in partner, Let's construction have of of down chemicals the XXX advancing Value In slide, reputation, XXXX. for green main carbon but we the we for slide, through Mexico They In in with terminal all jointly by In people, will only in be and of geological in diversification, on second already pillar the important we gains concludes renewables That ethane expanding XXXX. our
start let's the question-and-answer session. Now
