Third Quarter 2009 Earnings Review - Sales were $740 million, with net earnings of $0.57 per diluted share excluding special items. Volume grew across Specialty Chemicals due to customer restocking and auto programs. Cost reductions benefited Coating Resins earnings. Engineered Materials saw lower volumes due to destocking and build rate declines. - Full year 2009 guidance estimates adjusted EPS between $0.80 to $1.00 per share. Outlook anticipates operating earnings declines in Coating Resins but increases in other segments. Capital expenditures are estimated at $180-190 million. - The company enhanced liquidity by reducing debt $153 million year-to-date, increasing cash

1. Third Quarter 2009 Earnings Review
Shane Fleming – Chairman, President and CEO
Dave Drillock – Vice President and CFO
October 16, 2009

2. Forward Looking Statement
During the course of this meeting we may make forward-looking statements. All statements that address
expectations or projections about the future are forward-looking statements.
Some of these statements include words such as “expects”, “anticipates,” “plans,” “intends,” “projects,”
and “outlook.” Although they reflect our current expectations, these statements are not guarantees of
future performance because they involve a number of risks, uncertainties, and assumptions.
Included in this presentation are estimates for full year 2009 sales and earnings. These were included in our
October 15, 2009 press release, which was also furnished as an exhibit to a current report on Form 8-K.
These estimates set forth the Company’s assumptions and management’s best estimate of the full year
2009 sales and earnings at that time based on various assumptions set forth in the press release. There can
be no assurance that sales or earnings will develop in the manner then projected or that the results for the
year will be consistent with the results then projected. Actual results may differ materially.
We recommend that you review Cytec’s SEC filings for a discussion of some of the factors which could cause
actual results to differ materially from its expectations and projections. This and other Cytec information
may be accessed at www.cytec.com.
In sections of this presentation certain “non-GAAP” measures are provided and identified as such. We
believe that the “non-GAAP” measures can more accurately reflect comparisons of year to year trends and
is consistent with how we review the information. A reconciliation of “non-GAAP” measures to the
applicable GAAP measure is provided in the appendix at the end of this presentation.
2

3. Results Overview
3rd Quarter 2009: Cytec 2009 Sales by Month ($M)
275
Sales of $740 million 250
225
Net Earnings of $0.57
per diluted share 200
(excluding special items)
175
Jan Feb Mar Apr May Jun Jul Aug Sept
• Volume growth across Specialty Chemicals businesses related to
customer restocking and auto incentive programs
• Benefits from cost reduction efforts being realized in Coating Resins
• Destocking and lower build rates continue in Engineered Materials;
additional structural and temporary cost reduction actions taken
• Improved earnings in Building Block Chemicals
3
• Excellent progress continues on working capital initiative

4. Business Segment Results
Coating Resins
$MM USD Q309 Q308 % chg ytd09 ytd08 % chg
Sales 336 438 -23% 878 1,368 -36%
Earnings 18.5 24.1 -23% (21.0) 64.0 -133%
• Volume improvement of 12% in Q3 vs. Q2 Sales Comparison Q3 YOY
• Maintained price in high-value Radcure Sales Growth -23%
and Waterborne products
Volume -16%
• Price concessions in Powders & Solvent
Price -5%
products due to lower raw material costs
Currency -2%
• Restructuring efforts beginning to show
benefit
4

5. Coating Resins
Monthly Sales Trend
M$
175
150
125
100
75
50
25
-
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sept
2008 2009
Positive demand trend continued into third quarter 5

6. Business Segment Results
Additive Technologies
$MM USD Q309 Q308 % chg ytd09 ytd08 % chg
Sales 64.9 81.2 -20% 178.7 251.6 -29%
Earnings 3.1 6.1 -49% 6.8 18.2 -63%
Sales Comparison Q3 YOY
• Demand improvement due to
customer restocking Sales Growth -20%
• Year-to-year sales decline Volume -18%
partially related to exit of certain Price -1%
low-value products
Currency -1%
• Strong sales in Asia related to
automotive
6

7. Business Segment Results
In Process Separation
$MM USD Q309 Q308 % chg ytd09 ytd08 % chg
Sales 71.2 83.1 -14% 185.1 225.0 -18%
Earnings 12.5 19.0 -34% 19.4 36.2 -46%
Sales Comparison Q3 YOY
• Demand improved as copper and
alumina industries strengthen Sales Growth -14%
• Volumes increased 16% versus Volume -12%
second quarter ‘09
Price -1%
• New technologies continue to Currency -1%
penetrate market
7

8. Business Segment Results
Engineered Materials
$MM USD Q309 Q308 % chg ytd09 ytd08 % chg
Sales 169.2 221.4 -24% 539.1 679.2 -21%
Earnings 18.3 40.5 -55% 73.5 133.3 -45%
• Significant decline in business jets vs. Sales Comparison Q3 YOY
prior year due to reduced build rates
Sales Growth -24%
• Lower volumes in large commercial
Volume -24%
transport due to customer destocking
Price 1%
• Cost reduction program underway and
on track Currency -1%
• Maintained focus on research and
customer collaboration for next
generation composites
8

9. Business Segment Results
Building Block Chemicals
$MM USD Q309 Q308 % chg ytd09 ytd08 % chg
Sales 98.6 138.9 -29% 256.3 417.6 -39%
Earnings 4.8 (1.3) 469% 9.9 11.1 -11%
• Signs of demand improvement in Asia Sales Comparison Q3 YOY
specific to acrylonitrile
Sales Growth -29%
• Lower propylene costs vs. prior year
impacted acrylonitrile selling price Volume 22%
Price -51%
• Improved earnings due to last year’s
hurricane which increased costs in Q308 Currency 0%
by $3M
9

10. Financial Results
Third Quarter 2009
• Restructuring Charges totaling $22M in the quarter
– Mostly related to Specialty Chemicals (Spain & Colombia)
– Structural cost reduction actions expected to achieve approximately
$125M in 2010, with approximately $50 million benefit in 2009
• Gross Margin (adjusted for special items) flat vs. prior year period
– Lower raw material costs great than net price decreases
– Cost improvement offset by low production rates plus inventory
reduction
• Operating Expenses down approximately $9M year on year
10

11. Cash Flow
• Cash flow from operations was $165M in Q309 vs. $89M in Q308
• Working Capital Improvement program demonstrating success
110 105
96
100
90 80
80 72
70 58 63 68
55
60
50 50 50
40 43
45 45
30 37 37
20
10
0
Sept '08 Dec '08 Mar '09 Jun '09 Sept '09
Inventory-DOS Acct Payable-DPO Acct Receivable-DSO
11

12. Balance Sheet
Capital Expenditures
• Q309 was $43M and YTD 2009 was $159M
• Outlook for Full Year 2009 is estimated to be $180 to $190M
Enhancing Liquidity
• Overall debt decreased by $43 million in the quarter, and $153 million
year to date
• Cash up approximately $90M from year end
12

13. Debt Profile
Enhanced Liquidity + Reduced Risk = Strong Balance Sheet
• Amended Credit Agreement
• Completed sale of $M250, 9% Debt due 2017
• Completed a tender offer for $M235 of 2010 Notes and $M15 of 2013 Notes
• Paid down full amount of Credit Revolver balance
Amount Outstanding
Year
Significantly improved debt maturity profile 13

14. 2009 Outlook
Full Year Outlook (Millions)
Business Segment Operating Earnings Guidance
Coating Resins $(10) to $(15)
Additive Technologies $8 to $10
In Process Separation $30 to $35
Engineered Materials $85 to $90
Building Block Chemicals $12
Estimated full year adjusted EPS in a range of $0.80 to $1.00 per share
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16. Appendix
Reconciliation of “Non-GAAP” Measures to GAAP Measures
Management believes that net after-tax earnings and diluted earnings per share before special items, and gross margins
adjusted for special items, which are non-GAAP measures, are meaningful to investors because they provide a view of the
Company with respect to ongoing operations. Special items represent significant charges or credits that are important to
an understanding of the Company’s overall operating results in the periods presented. Such measurements are not
recognized in accordance with generally accepted accounting principles (GAAP) and should not be viewed as an alternative
to GAAP measures of performance. The following table summarizes the net special items used to adjust reported net
earnings and diluted earnings per share and gross margins for the quarters ended June 30, 2009 and 2008.
Reported Non-GAAP
Diluted (Loss) Diluted
Reported Net Net Special Non-GAAP Net Special
Earnings Per Earnings per
(Loss)/Earnings Items Net Earnings Items
Period Share Share
Q309 $12.5 $15.1 $27.6 $0.26 $0.31 $0.57
Q308 $46.3 $ 4.9 $51.2 $0.96 $0.10 $1.06
Period Reported Net Special Adjusted Reported Net Special Adjusted
Cost of Sales Items Cost of Sales Gross Margin Items Gross Margin
Q309 605.4 21.0 584.4 18.2% 2.8% 21.0%
Q308 765.8 2.9 762.9 20.5% 0.3% 20.8%
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