exhibit_99-2.htm

EXHIBIT 99.2

Selected Historical Segment Information (1)
$ in millions, except per share data (unaudited)

	Fiscal Year 2009															Fiscal Year 2010
	Qtr 1			Qtr 2			Qtr 3			Qtr 4			Full Year			Qtr 1			Qtr 2			Qtr 3			YTD
Net Sales
Advanced Interlayers	$	133		$	160		$	182		$	215		$	690		$	186		$	208		$	212		$	606
Performance Films		34			54			53			44			185			52			73			73			198
Technical Specialties		158			177			196			194			725			206			217			224			647
Unallocated and Other		5			6			4			3			18			4			4			2			10
Total	$	330		$	397		$	435		$	456		$	1,618		$	448		$	502		$	511		$	1,461

Adjusted EBITDA (1)
Advanced Interlayers	$	24		$	39		$	47		$	49		$	159		$	48		$	44		$	48		$	140
Performance Films		2			14			12			5			33			10			19			13			42
Technical Specialties		49			60			76			75			260			83			84			82			249
Unallocated and Other		(16	)		(15	)		(12	)		(10	)		(53	)		(17	)		(13	)		(13	)		(43	)
Total	$	58		$	99		$	123		$	119		$	399		$	124		$	134		$	130		$	388

Adjusted EPS (2)
Basic	$	(0.03	)	$	0.34		$	0.39		$	0.46		$	1.21		$	0.35		$	0.45		$	0.42		$	1.22
Diluted	$	(0.03	)	$	0.33		$	0.39		$	0.45		$	1.21		$	0.35		$	0.44		$	0.42		$	1.21


(1) All periods presented reflect the treatment of Integrated Nylon and Primary Accelerators as discontinued operations.

(2) Adjusted EBITDA is defined as EBITDA excluding certain items that affect comparability (see table provided below), cost overhang associated with Integrated Nylon and Primary Accelerators discontinued operations and non-cash stock compensation expense. EBITDA is defined as earnings from continuing operations before interest expense, loss on debt extinguishment, income taxes, depreciation and amortization, less net income attributable to non-controlling interests. A reconciliation from "Income from Continuing Operations" to EBITDA and Adjusted EBITDA is provided below.

(3) Adjusted EPS is defined as earnings per share from continuing operations excluding certain items that affect comparability. A reconcilation from "Income from Continuing Operations" to Earnings for Adjusted EPS is provided below.

Reconciliation of Income (Loss) from Continuing Operations to Adjusted EBITDA from Continuing Operations
	Fiscal Year 2009											Fiscal Year 2010
	Qtr 1			Qtr 2		Qtr 3		Qtr 4		Full Year		Qtr 1			Qtr 2		Qtr 3		YTD

Income (Loss) from Continuing Operations	$	(2	)	$	25	$	33	$	10	$	66	$	(55	)	$	54	$	48	$	47
Less: Net Income attributable to noncontrolling interest		-			1		2		1		4		1			-		2		3
Income (Loss) from Continuing Operations attributable to Solutia	$	(2	)	$	24	$	31	$	9	$	62	$	(56	)	$	54	$	46	$	44

+ Income Tax Expense		(7	)		11		13		-		17		10			9		7		26
+ Interest Expense		37			22		31		31		121		38			36		35		109
+ Loss on Debt Extinguishment		-			8		-		30		38		89			-		-		89
+ Depreciation and Amortization		25			26		27		29		107		27			28		29		84

EBITDA from Continuing Operations	$	53		$	91	$	102	$	99	$	345	$	108		$	127	$	117	$	352

+ Events affecting comparability, pre-tax		(1	)		2		16		15		32		11			1		6		18
+ Non-cash Stock Compensation Expense		5			4		4		4		17		4			5		6		15
+ Primary Accelerators and Nylon Cost Overhang		2			1		1		1		5		1			1		1		3

Adjusted EBITDA from Continuing Operations	$	59		$	98	$	123	$	119	$	399	$	124		$	134	$	130	$	388

Earnings for Adjusted Earnings Per Share
	Fiscal Year 2009											Fiscal Year 2010
	Qtr 1			Qtr 2		Qtr 3		Qtr 4		Full Year		Qtr 1			Qtr 2			Qtr 3		YTD

Income (Loss) from Continuing Operations	$	(2	)	$	25	$	33	$	10	$	66	$	(55	)	$	54		$	48	$	47
Less: Net Income attributable to noncontrolling interest		-			1		2		1		4		1			-			2		3
Income (Loss) from Continuing Operations attributable to Solutia	$	(2	)	$	24	$	31	$	9	$	62	$	(56	)	$	54		$	46	$	44

+ Events affecting comparability, after-tax		(1	)		8		15		45		67		98			(1	)		4		101

Earnings for Adjusted EPS	$	(3	)	$	32	$	46	$	54	$	129	$	42		$	53		$	50	$	145

Summary of Events Affecting Comparability
	Fiscal Year 2009														Fiscal Year 2010
(dollars in millions)	Qtr 1			Qtr 2			Qtr 3			Qtr 4		Full Year			Qtr 1			Qtr 2			Qtr 3			Qtr 4		YTD

Plant closures, divestitures and other resturcturing:
Severance, pension settlement and retraining costs related to the general corporate restructuring	$	17		$	5		$	4		$	9	$	35		$	3		$	1		$	-				$	4
Charges related to the closure of the SAFLEX® production line at the Trenton, Michigan Facility		4			1			-			-		5			-			-			-					-
Charges related to the closure of the Ruabon, Wales Facility		1			(4	)		-			1		(2	)		1			1			-					2
Charges related to the closure of the Cologne facility		-			-			-			-		-			3			3			1					7
Net pension plan settlements		-			-			6			5		11			-			-			-					-
Loss related to the sale of the North American Plastic Products business		-			-			6			-		6			-			-			-					-
Loss related to the sale of the European Plastic Products business		-			-			-			-		-			-			-			5					5
Acquisition related costs:
Acquisition costs related to Vistasolar and Novomatrix		-			-			-			-		-			4			3			-					7
Inventory step-up related to the Novomatrix Acquisition		-			-			-			-		-			-			1			-					1
Unusual gains:
Gain related to the reduction in the 2008 annual incentive plan		(23	)		-			-			-		(23	)		-			-			-					-
Gain on settlement of tax indemnification case		-			-			-			-		-			-			(8	)		-					(8)
EBITDA impact	$	(1	)	$	2		$	16		$	15	$	32		$	11		$	1		$	6		$	-	$	18
Charges related to the early extinguishment of Debt		-			8			-			30		38			89			-			-					89
Pre-tax income statement impact	$	(1	)	$	10		$	16		$	45	$	70		$	100		$	1		$	6		$	-	$	107
Income tax impact		-			(2	)		(1	)		-		(3	)		(2	)		(2	)		(2	)				(6)
After-tax income statement impact	$	(1	)	$	8		$	15		$	45	$	67		$	98		$	(1	)	$	4		$	-	$	101