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Solutia Reports First Quarter 2009 Results
Date:5/6/2009

62 -45% Technical Specialties 167 167 252 252 -34% Unallocated and Other 5 5 10 10 -50% - - -- -- --- Total $339 $339 $517 $517 -34% ==== ==== ==== ==== === EBITDA(1) Saflex $19 $5 $24 $18 $13 $31 -23% CPFilms 1 1 2 12 4 16 -88% Technical Specialties 56 (10) 46 52 7 59 -22% Unallocated and Other (25) 9 (16) (9) (2) (11) -45% --- - --- -- -- --- --- Total $51 $5 $56 $73 $22 $95 -41% === == === === === === === (1) EBITDA is defined as earnings before interest expense, income taxes, depreciation and amortization, less net income attributable to non-controlling interests, and reorganization items, net. Foreign currency gains/losses are included in Unallocated and Other. (2) Adjusted EBITDA is EBITDA (as defined above), excluding Adjustments (as defined below) (3) Adjustments include Events Affecting Comparability (see separate table), cost overhang associated with the expected sale of our Integrated Nylon business, and non-cash stock compensation expense

Use of Non-U.S. GAAP Financial Information and Reconciliation to Comparable GAAP Number

For the purpose of this press release, the company has used certain financial measures such as EBITDA (defined as earnings before interest expense, income taxes, depreciation and amortization, less net income attrib
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