[LEGEND] THE TABLES BELOW ARE PRESENTED TO ASSIST COMPARISONS WITH
2000 QUARTERLY RESULTS AS THE YEAR PROGRESSES. CERTAIN
RECLASSIFICATIONS HAVE BEEN MADE FROM PREVIOUSLY REPORTED
AMOUNTS TO CONFORM TO CURRENT PERIOD PRESENTATION.
EXHIBIT (99)
ROHM AND HAAS COMPANY AND SUBSIDIARIES (Unaudited)
- ----------------------------------------------------------------------------------------
PRO FORMA SALES BY BUSINESS SEGMENT AND REGION (1)
Quarter Ended Quarter Ended
---------------------------------------- -------------
March 31, June 30, Sept. 30, Dec. 31, Full Year March 31,
1999 1999 1999 1999 1999 2000
--------- -------- --------- -------- --------- -------------
(millions of dollars)
Performance Polymers $ 864 $ 931 $ 899 $ 857 $3,551 $ 882
Chemical Specialties 350 369 305 343 1,367 365
Electronic Materials 195 208 210 254 867 222
Salt 308 154 163 224 849 266
--------- -------- --------- -------- --------- --------
Total $1,717 $1,662 $1,577 $1,678 $6,634 $1,735
--------- -------- --------- -------- --------- --------
North America $1,044 $ 986 $ 936 $ 935 $3,901 $1,042
Europe 474 440 399 444 1,757 443
Asia-Pacific 145 161 162 209 677 182
Latin America 54 75 80 90 299 68
--------- -------- --------- -------- --------- --------
Total $1,717 $1,662 $1,577 $1,678 $6,634 $1,735
--------- -------- --------- -------- --------- --------
PRO FORMA NET EARNINGS, EXCLUDING NON-RECURRING ITEMS BY BUSINESS SEGMENT
Performance Polymers $ 94 $ 109 $ 100 $ 85 $ 388 $ 88
Chemical Specialties 42 42 28 30 142 48
Electronic Materials 10 11 14 29 64 22
Salt 25 1 1 8 35 18
Corporate (2) (71) (65) (54) (51) (241) (42)
--------- -------- --------- -------- --------- --------
Total $ 100 $ 98 $ 89 $ 101 $ 388 $ 134
--------- -------- --------- -------- --------- --------
PRO FORMA EARNINGS BEFORE INTEREST, TAXES, DEPRECIATION AND AMORTIZATION
(EBITDA) (EXCLUDING NON-RECURRING ITEMS) BY BUSINESS SEGMENT (3)
Performance Polymers $ 222 $ 245 $ 228 $ 204 $ 899 $ 211
Chemical Specialties 94 94 70 75 333 99
Electronic Materials 29 27 35 63 154 46
Salt 73 34 35 47 189 63
Corporate (22) (17) (5) (6) (50) (7)
--------- -------- --------- -------- --------- --------
Total $ 396 $ 383 $ 363 $ 383 $1,525 $ 412
--------- -------- --------- -------- --------- --------
- -------------------
(1) - Pro forma net sales include Morton and LeaRonal assuming
acquisition as of January 1, 1998. Periods ending September 30, 1999,
December 31, 1999 and March 31, 2000 are actual results.
(2) - Includes non-operating items such as interest income and expense,
corporate governance costs, and corporate exploratory research.
(3) - EBITDA and net earnings, excluding non-recurring items, are
presented to assist security analysts and others in evaluating the
company's performance and its ability to generate cash. EBITDA and net
earnings, excluding non-recurring items, should not be considered as
alternatives to cash flow from operating activities, as a measure of
liquidity or as alternatives to net income as an indicator of the
company's operating performance in accordance with generally accepted
accounting principles.
- -------------------------------------------------------------------------------
|--------------------------------------------------------------------------------------------|
| NET EARNINGS, EXCLUDING NON-RECURRING ITEMS BY BUSINESS SEGMENT |
| |
| Quarter Ended Quarter Ended |
| ---------------------------------------- ------------- |
| March 31, June 30, Sept. 30, Dec. 31, Full Year March 31, |
| 1999 1999 1999 1999 1999 2000 |
| --------- -------- --------- -------- --------- ------------- |
| (millions of dollars) |
| |
| Performance Polymers $ 77 $ 90 $100 $ 85 $ 352 $ 88 |
| Chemical Specialties 38 32 28 30 128 48 |
| Electronic Materials 12 14 14 29 69 22 |
| Salt - - 1 8 9 18 |
| Corporate (23) (20) (54) (51) (148) (42) |
| ---- ---- ---- ---- ---- ---- |
| Total $104 $116 $ 89 $101 $410 $134 |
| ---- ---- ---- ---- ---- ---- |
|--------------------------------------------------------------------------------------------|