
| Ashland Inc. and Consolidated Subsidiaries | Page 4 | ||||||||
| OPERATING INFORMATION BY INDUSTRY SEGMENT | |||||||||
| (Unaudited) | |||||||||
| Three months ended | |||||||||
| December 31 | |||||||||
| 2004 | 2003 | ||||||||
| APAC | |||||||||
| Construction backlog at December 31 (millions) (a) | $ | 1,730 | $ | 1,659 | |||||
| Net construction job revenues (millions) (b) | $ | 344 | $ | 366 | |||||
| Hot-mix asphalt production (million tons) | 7.8 | 8.4 | |||||||
| Aggregate production (million tons) | 7.8 | 6.8 | |||||||
| ASHLAND DISTRIBUTION (c) | |||||||||
| Sales per shipping day (millions) | $ | 14.4 | $ | 11.3 | |||||
| Gross profit as a percent of sales | 9.6% | 9.6% | |||||||
| ASHLAND SPECIALTY CHEMICAL (c) | |||||||||
| Sales per shipping day (millions) | $ | 6.4 | $ | 5.2 | |||||
| Gross profit as a percent of sales | 24.2% | 29.8% | |||||||
| VALVOLINE | |||||||||
| Lubricant sales (million gallons) | 41.1 | 43.7 | |||||||
| Premium lubricants (percent of U.S. branded volumes) | 21.8% | 19.4% | |||||||
| REFINING AND MARKETING (d) | |||||||||
| Refinery runs (thousand barrels per day) | |||||||||
| Crude oil refined | 975 | 899 | |||||||
| Other charge and blend stocks | 200 | 184 | |||||||
| Refined product yields (thousand barrels per day) | |||||||||
| Gasoline | 644 | 612 | |||||||
| Distillates | 328 | 296 | |||||||
| Asphalt | 81 | 68 | |||||||
| Other | 140 | 116 | |||||||
| Total | 1,193 | 1,092 | |||||||
| Refined product sales (thousand barrels per day) (e) | 1,414 | 1,355 | |||||||
| Refining and wholesale marketing margin (per barrel) (f) | $ | 4.03 | $ | 1.71 | |||||
| Speedway SuperAmerica (SSA) | |||||||||
| Retail outlets at December 31 | 1,669 | 1,775 | |||||||
| Gasoline and distillate sales (million gallons) | 793 | 806 | |||||||
| Gross margin - gasoline and distillates (per gallon) | $ | .1219 | $ | .1145 | |||||
| Merchandise sales (millions) | $ | 581 | $ | 547 | |||||
| Merchandise margin (as a percent of sales) | 24.9% | 24.8% | |||||||
| __________ | |||||||||
| (a) | Includes APAC's proportionate share of the backlog of unconsolidated joint ventures. | ||||||||
| (b) | Total construction job revenues, less subcontract costs. | ||||||||
| (c) | Sales are defined as sales and operating revenues. Gross profit is defined as sales and operating revenues, less cost | ||||||||
| of sales and operating expenses. | |||||||||
| (d) | Amounts represent 100% of MAP's operations, in which Ashland owns a 38% interest. | ||||||||
| (e) | Total average daily volume of all refined product sales to MAP's wholesale, branded and retail (SSA) customers. | ||||||||
| (f) | Sales revenue less cost of refinery inputs, purchased products and manufacturing expenses, including depreciation. | ||||||||