EX-99.1 2 ex99p1.txt Exhibit 99.1 ------------------------------------------------------------------------------- [PHOTOS] SOLUTIA CLAIMS PRESENTATION March 29, 2007 ------------------------------------------------------------------------------- [PHOTOS] CLAIMS OVERVIEW =============================================================================== ESTIMATED AMOUNT OF CLAIMS ------------------------------------------------------------------------------- CLASS ESTIMATED AMOUNT IN MILLIONS =============================================================================== ADMINISTRATIVE $8.8 ------------------------------------------------------------------------------- PRIORITY $2.2 ------------------------------------------------------------------------------- SECURED $262.6 ------------------------------------------------------------------------------- CPFILMS (UNSECURED CLAIMS) $8.4 ------------------------------------------------------------------------------- ENVIRONMENTAL/TORT N/A ------------------------------------------------------------------------------- PHARMACIA $0 ------------------------------------------------------------------------------- RETIREES $35 ------------------------------------------------------------------------------- NOTEHOLDERS $455.4 (IF UNSECURED) TO $584.1 (IF FULLY SECURED AS OF 6/30/07) ------------------------------------------------------------------------------- MONSANTO $329 TO $383 ------------------------------------------------------------------------------- GENERAL UNSECURED $242 TO $302 =============================================================================== 2 ------------------------------------------------------------------------------- [PHOTOS] CLAIMS RESOLUTION TO DATE o As of the Bar Date, more than 17,000 claims were filed or scheduled by Solutia: - Approximately 14,800 proofs of claim were filed; and - Approximately 2,500 claims were scheduled. o These claims include: - 8,900 environmental and personal injury claims; - 760 claims asserted by retirees; and - 1,780 director, officer, and employee indemnification claims. o The vast majority of claims have been resolved: - 67 claims objections filed - 66 settlements reached - 2,900 claims with an asserted value of more than $2.6 billion resolved o Resolutions with respect to 105 unsecured claims remain pending. 3 ------------------------------------------------------------------------------- [PHOTOS] UNRESOLVED CLAIMS DETAIL o The asserted amount of the 105 unresolved unsecured claims is $813.3 million. o Solutia's estimate for these claims is $124 - $184 million. o The unresolved unsecured claims can be broken down into the following general categories: - 11 claims asserting amounts in excess of Solutia's estimated amount by more than $100,000 (estimated at $70.9 - $130.9 million); - 60 claims asserting amounts in excess of Solutia's estimated amount by less than $100,000 (estimated at $42.4 million); - 4 claims that should be categorized as equity interests (estimated at $0); - 11 unliquidated claims (estimated at $2.1 million); and - 19 claims where a resolution is expected imminently (estimated at $8.6 million). 4 ------------------------------------------------------------------------------- [PHOTOS] SIGNIFICANT UNRESOLVED CLAIMS CLAIM ASSERTED AMOUNT ----- --------------- CALPINE $382.5 MILLION DICKERSON $291 MILLION BOC GASES $30.4 MILLION PROBST UNLIQUIDATED 5