Exhibit 99.1
CHEMTURA CORPORATION
Appendix
Index of Historical Segment Information
GAAP and Non-GAAP Financial Information
| | Page |
Segment Sales and Operating Profit (Loss) (unaudited) | | |
| | |
Three months ended March 31, 2007 | | 1 |
| | |
Year ended December 31, 2006 | | 2 |
| | |
Three months ended December 31, 2006 | | 3 |
| | |
Three months ended September 30, 2006 | | 4 |
| | |
Three months ended June 30, 2006 | | 5 |
| | |
Three months ended March 31, 2006 | | 6 |
CHEMTURA CORPORATION
Non-GAAP Segment Sales and Operating Profit (Unaudited)
Three months ended March 31, 2007
(In thousands of dollars)
| | Three Months Ended March 31, 2007 | |
| | | | Non-GAAP | | | |
| | GAAP | | Adjustments | | Non-GAAP | |
SALES | | | | | | | |
| | | | | | | |
Polymer Additives | | $ | 443,738 | | — | | 443,738 | |
Performance Specialties | | 210,942 | | — | | 210,942 | |
Consumer Products | | 115,974 | | — | | 115,974 | |
Crop Protection | | 80,518 | | — | | 80,518 | |
Other | | 103,833 | | — | | 103,833 | |
| | | | | | | |
| | 955,005 | | — | | 955,005 | |
| | | | | | | |
OPERATING PROFIT | | | | | | | |
| | | | | | | |
Polymer Additives | | $ | 31,136 | | 181 | | 31,317 | |
Performance Specialties | | 34,411 | | 10 | | 34,421 | |
Consumer Products | | 830 | | — | | 830 | |
Crop Protection | | 20,693 | | 10 | | 20,703 | |
Other | | 3,829 | | 3,140 | | 6,969 | |
| | | | | | | |
| | 90,899 | | 3,341 | | 94,240 | |
| | | | | | | |
General corporate expense | | (56,849 | ) | 13,773 | | (43,076 | ) |
Facility closures, severance and related costs | | (2,558 | ) | 2,558 | | — | |
Antitrust costs | | (12,294 | ) | 12,294 | | — | |
Merger costs | | (351 | ) | 351 | | — | |
| | | | | | | |
Total operating profit | | $ | 18,847 | | 32,317 | | 51,164 | |
| | | | Operating | | | |
| | | | Profit | | | |
Non-GAAP adjustments consist of the following: | | | | | | | |
| | | | | | | |
Change in useful life of property, plant and equipment | | | | $ | 13,773 | | | |
Accelerated recognition of asset retirement obligation | | | | 3,341 | | | |
Facility closures, severance and related costs | | | | 2,558 | | | |
Antitrust costs | | | | 12,294 | | | |
Merger costs | | | | 351 | | | |
| | | | $ | 32,317 | | | |
1
CHEMTURA CORPORATION
Non-GAAP Segment Sales and Operating Profit (Unaudited)
Year ended December 31, 2006
(In thousands of dollars)
| | Year Ended December 31, 2006 | |
| | | | Non-GAAP | | | |
| | GAAP | | Adjustments | | Non-GAAP | |
SALES | | | | | | | |
| | | | | | | |
Polymer Additives | | $ | 1,711,513 | | — | | 1,711,513 | |
Performance Specialties | | 670,192 | | — | | 670,192 | |
Consumer Products | | 565,699 | | — | | 565,699 | |
Crop Protection | | 310,724 | | — | | 310,724 | |
Other | | 464,579 | | — | | 464,579 | |
| | | | | | | |
| | 3,722,707 | | — | | 3,722,707 | |
| | | | | | | |
OPERATING PROFIT | | | | | | | |
| | | | | | | |
Polymer Additives | | $ | 130,261 | | 4,584 | | 134,845 | |
Performance Specialties | | 115,171 | | — | | 115,171 | |
Consumer Products | | 70,481 | | — | | 70,481 | |
Crop Protection | | 48,114 | | — | | 48,114 | |
Other | | 12,683 | | 3,895 | | 16,578 | |
| | | | | | | |
| | 376,710 | | 8,479 | | 385,189 | |
| | | | | | | |
General corporate expense | | (138,078 | ) | 13,778 | | (124,300 | ) |
Facility closures, severance and related costs | | (5,482 | ) | 5,482 | | — | |
Antitrust costs | | (89,534 | ) | 89,534 | | — | |
Merger costs | | (17,010 | ) | 17,010 | | — | |
Income related to sale of Gustafson joint venture | | 1,500 | | (1,500 | ) | — | |
Gain on sale of businesses, net | | (12,283 | ) | 12,283 | | — | |
Impairment of long-lived assets | | (80,263 | ) | 80,263 | | — | |
| | | | | | | |
Total operating profit | | $ | 35,560 | | 225,329 | | 260,889 | |
| | | | Operating | | | |
| | | | Profit | | | |
Non-GAAP adjustments consist of the following: | | | | | | | |
| | | | | | | |
Change in useful life of property, plant and equipment | | | | $ | 17,780 | | | |
Favorable settlement of contractual matter | | | | (4,300 | ) | | |
Accelerated recognition of asset retirement obligation | | | | 8,777 | | | |
Facility closures, severance and related costs | | | | 5,482 | | | |
Antitrust costs | | | | 89,534 | | | |
Merger costs | | | | 17,010 | | | |
Income related to sale of Gustafson joint venture | | | | (1,500 | ) | | |
Gain on sale of businesses, net | | | | 12,283 | | | |
Impairment of long-lived assets | | | | 80,263 | | | |
| | | | $ | 225,329 | | | |
2
CHEMTURA CORPORATION
Non-GAAP Segment Sales and Operating (Loss) Profit (Unaudited)
Three months ended December 31, 2006
(In thousands of dollars)
| | Three Months Ended December 31, 2006 | |
| | | | Non-GAAP | | | |
| | GAAP | | Adjustments | | Non-GAAP | |
SALES | | | | | | | |
| | | | | | | |
Polymer Additives | | $ | 418,623 | | — | | 418,623 | |
Performance Specialties | | 161,442 | | — | | 161,442 | |
Consumer Products | | 115,406 | | — | | 115,406 | |
Crop Protection | | 71,655 | | — | | 71,655 | |
Other | | 106,486 | | — | | 106,486 | |
| | | | | | | |
| | 873,612 | | — | | 873,612 | |
| | | | | | | |
OPERATING PROFIT | | | | | | | |
| | | | | | | |
Polymer Additives | | $ | 17,600 | | 4,584 | | 22,184 | |
Performance Specialties | | 26,587 | | — | | 26,587 | |
Consumer Products | | 6,682 | | — | | 6,682 | |
Crop Protection | | 4,596 | | — | | 4,596 | |
Other | | (1,450 | ) | 3,895 | | 2,445 | |
| | | | | | | |
| | 54,015 | | 8,479 | | 62,494 | |
| | | | | | | |
General corporate expense | | (42,404 | ) | 9,418 | | (32,986 | ) |
Facility closures, severance and related costs | | (7,395 | ) | 7,395 | | — | |
Antitrust costs | | (18,782 | ) | 18,782 | | — | |
Merger costs | | (1,118 | ) | 1,118 | | — | |
Gain on sale of businesses, net | | 79 | | (79 | ) | — | |
| | | | | | | |
Total operating (loss) profit | | $ | (15,605 | ) | 45,113 | | 29,508 | |
| | | | Operating | | | |
| | | | Profit | | | |
Non-GAAP adjustments consist of the following: | | | | | | | |
| | | | | | | |
Change in useful life of property, plant and equipment | | | | $ | 9,120 | | | |
Accelerated recognition of asset retirement obligation | | | | 8,777 | | | |
Facility closures, severance and related costs | | | | 7,395 | | | |
Antitrust costs | | | | 18,782 | | | |
Merger costs | | | | 1,118 | | | |
Gain on sale of businesses, net | | | | (79 | ) | | |
| | | | $ | 45,113 | | | |
3
CHEMTURA CORPORATION
Non-GAAP Segment Sales and Operating (Loss) Profit (Unaudited)
Three months ended September 30, 2006
(In thousands of dollars)
| | Three Months Ended September 30, 2006 | |
| | | | Non-GAAP | | | |
| | GAAP | | Adjustments | | Non-GAAP | |
SALES | | | | | | | |
| | | | | | | |
Polymer Additives | | $ | 430,730 | | — | | 430,730 | |
Performance Specialties | | 165,890 | | — | | 165,890 | |
Consumer Products | | 132,686 | | — | | 132,686 | |
Crop Protection | | 74,737 | | — | | 74,737 | |
Other | | 112,968 | | — | | 112,968 | |
| | | | | | | |
| | 917,011 | | — | | 917,011 | |
| | | | | | | |
OPERATING PROFIT (Loss) | | | | | | | |
| | | | | | | |
Polymer Additives | | $ | 24,084 | | — | | 24,084 | |
Performance Specialties | | 29,997 | | — | | 29,997 | |
Consumer Products | | 17,079 | | — | | 17,079 | |
Crop Protection | | 7,092 | | — | | 7,092 | |
Other | | 3,220 | | — | | 3,220 | |
| | | | | | | |
| | 81,472 | | — | | 81,472 | |
| | | | | | | |
General corporate expense | | (32,670 | ) | 2,890 | | (29,780 | ) |
Facility closures, severance and related costs | | (863 | ) | 863 | | — | |
Antitrust costs | | (25,669 | ) | 25,669 | | — | |
Merger costs | | (1,102 | ) | 1,102 | | — | |
Income related to sale of Gustafson joint venture | | 1,500 | | (1,500 | ) | — | |
Gain on sale of businesses, net | | 113 | | (113 | ) | — | |
Impairment of long-lived assets | | (74,653 | ) | 74,653 | | — | |
| | | | | | | |
Total operating (loss) profit | | $ | (51,872 | ) | 103,564 | | 51,692 | |
| | | | Operating | | | |
| | | | Profit | | | |
Non-GAAP adjustments consist of the following: | | | | | | | |
| | | | | | | |
Change in useful life of property, plant and equipment | | | | $ | 2,890 | | | |
Facility closures, severance and related costs | | | | 863 | | | |
Antitrust costs | | | | 25,669 | | | |
Merger costs | | | | 1,102 | | | |
Income related to sale of Gustafson joint venture | | | | (1,500 | ) | | |
Gain on sale of businesses, net | | | | (113 | ) | | |
Impairment of long-lived assets | | | | 74,653 | | | |
| | | | $ | 103,564 | | | |
4
CHEMTURA CORPORATION
Non-GAAP Segment Sales and Operating Profit (Unaudited)
Three months ended June 30, 2006
(In thousands of dollars)
| | Three Months Ended June 30, 2006 | |
| | | | Non-GAAP | | | |
| | GAAP | | Adjustments | | Non-GAAP | |
SALES | | | | | | | |
| | | | | | | |
Polymer Additives | | $ | 439,067 | | — | | 439,067 | |
Performance Specialties | | 171,324 | | — | | 171,324 | |
Consumer Products | | 203,180 | | — | | 203,180 | |
Crop Protection | | 85,690 | | — | | 85,690 | |
Other | | 117,062 | | — | | 117,062 | |
| | | | | | | |
| | 1,016,323 | | — | | 1,016,323 | |
| | | | | | | |
OPERATING PROFIT | | | | | | | |
| | | | | | | |
Polymer Additives | | $ | 49,459 | | — | | 49,459 | |
Performance Specialties | | 27,097 | | — | | 27,097 | |
Consumer Products | | 34,427 | | — | | 34,427 | |
Crop Protection | | 16,325 | | — | | 16,325 | |
Other | | 6,951 | | — | | 6,951 | |
| | | | | | | |
| | 134,259 | | — | | 134,259 | |
| | | | | | | |
General corporate expense | | (29,936 | ) | 2,885 | | (27,051 | ) |
Facility closures, severance and related costs | | 3,280 | | (3,280 | ) | — | |
Antitrust costs | | (32,275 | ) | 32,275 | | — | |
Merger costs | | (4,745 | ) | 4,745 | | — | |
Gain on sale of businesses, net | | (12,475 | ) | 12,475 | | — | |
Impairment of long-lived assets | | (5,610 | ) | 5,610 | | — | |
| | | | | | | |
Total operating profit | | $ | 52,498 | | 54,710 | | 107,208 | |
| | | | Operating | | | |
| | | | Profit | | | |
Non-GAAP adjustments consist of the following: | | | | | | | |
| | | | | | | |
Change in useful life of property, plant and equipment | | | | $ | 2,885 | | | |
Facility closures, severance and related costs | | | | (3,280 | ) | | |
Antitrust costs | | | | 32,275 | | | |
Merger costs | | | | 4,745 | | | |
Gain on sale of businesses, net | | | | 12,475 | | | |
Impairment of long-lived assets | | | | 5,610 | | | |
| | | | $ | 54,710 | | | |
5
CHEMTURA CORPORATION
Non-GAAP Segment Sales and Operating Profit (Unaudited)
Three months ended March 31, 2006
(In thousands of dollars)
| | Three Months Ended March 31, 2006 | |
| | | | Non-GAAP | | | |
| | GAAP | | Adjustments | | Non-GAAP | |
SALES | | | | | | | |
| | | | | | | |
Polymer Additives | | $ | 423,093 | | — | | 423,093 | |
Performance Specialties | | 171,536 | | — | | 171,536 | |
Consumer Products | | 114,427 | | — | | 114,427 | |
Crop Protection | | 78,642 | | — | | 78,642 | |
Other | | 128,063 | | — | | 128,063 | |
| | | | | | | |
| | 915,761 | | — | | 915,761 | |
| | | | | | | |
OPERATING PROFIT | | | | | | | |
| | | | | | | |
Polymer Additives | | $ | 39,118 | | — | | 39,118 | |
Performance Specialties | | 31,490 | | — | | 31,490 | |
Consumer Products | | 12,293 | | — | | 12,293 | |
Crop Protection | | 20,101 | | — | | 20,101 | |
Other | | 3,962 | | — | | 3,962 | |
| | | | | | | |
| | 106,964 | | — | | 106,964 | |
| | | | | | | |
General corporate expense | | (33,068 | ) | (1,415 | ) | (34,483 | ) |
Facility closures, severance and related costs | | (504 | ) | 504 | | — | |
Antitrust costs | | (12,808 | ) | 12,808 | | — | |
Merger costs | | (10,045 | ) | 10,045 | | — | |
| | | | | | | |
Total operating profit | | $ | 50,539 | | 21,942 | | 72,481 | |
| | | | Operating | | | |
| | | | Profit | | | |
Non-GAAP adjustments consist of the following: | | | | | | | |
| | | | | | | |
Change in useful life of property, plant and equipment | | | | $ | 2,885 | | | |
Favorable settlement of contractual matter | | | | (4,300 | ) | | |
Facility closures, severance and related costs | | | | 504 | | | |
Antitrust costs | | | | 12,808 | | | |
Merger costs | | | | 10,045 | | | |
| | | | $ | 21,942 | | | |
6