
| Ashland Inc. and Consolidated Subsidiaries | Page 4 | ||||||||||||||
| OPERATING INFORMATION BY INDUSTRY SEGMENT | |||||||||||||||
| (Unaudited) | |||||||||||||||
| Three months ended | Nine months ended | ||||||||||||||
| June 30 | June 30 | ||||||||||||||
| 2005 | 2004 | 2005 | 2004 | ||||||||||||
| APAC | |||||||||||||||
| Construction backlog at June 30 (millions) (a) | $ | 2,100 | $ | 1,869 | |||||||||||
| Net construction job revenues (millions) (b) | $ | 424 | $ | 409 | $ | 966 | $ | 982 | |||||||
| Hot-mix asphalt production (million tons) | 9.5 | 9.9 | 21.0 | 22.7 | |||||||||||
| Aggregate production (million tons) | 8.3 | 8.1 | 22.6 | 21.0 | |||||||||||
| ASHLAND DISTRIBUTION (c) | |||||||||||||||
| Sales per shipping day (millions) | $ | 15.4 | $ | 13.3 | $ | 15.1 | $ | 12.3 | |||||||
| Gross profit as a percent of sales | 10.0% | 9.8% | 9.8% | 9.7% | |||||||||||
| ASHLAND SPECIALTY CHEMICAL (c) | |||||||||||||||
| Sales per shipping day (millions) | $ | 7.6 | $ | 5.8 | $ | 7.0 | $ | 5.3 | |||||||
| Gross profit as a percent of sales | 27.6% | 27.3% | 26.3% | 28.8% | |||||||||||
| VALVOLINE | |||||||||||||||
| Lubricant sales (million gallons) | 48.1 | 50.0 | 131.4 | 141.3 | |||||||||||
| Premium lubricants (percent of U.S. branded volumes) | 24.3% | 22.0% | 23.5% | 21.0% | |||||||||||
| REFINING AND MARKETING (d) | |||||||||||||||
| Refinery runs (thousand barrels per day) | |||||||||||||||
| Crude oil refined | 1,012 | 1,013 | 970 | 900 | |||||||||||
| Other charge and blend stocks | 175 | 142 | 182 | 174 | |||||||||||
| Refined product yields (thousand barrels per day) | |||||||||||||||
| Gasoline | 636 | 623 | 619 | 596 | |||||||||||
| Distillates | 328 | 323 | 316 | 285 | |||||||||||
| Asphalt | 97 | 85 | 83 | 70 | |||||||||||
| Other | 140 | 138 | 150 | 136 | |||||||||||
| Total | 1,201 | 1,169 | 1,168 | 1,087 | |||||||||||
| Refined product sales (thousand barrels per day) (e) | 1,477 | 1,440 | 1,421 | 1,367 | |||||||||||
| Refining and wholesale marketing margin (per barrel) (f) | $ | 6.69 | $ | 5.27 | $ | 4.58 | $ | 2.87 | |||||||
| Speedway SuperAmerica (SSA) | |||||||||||||||
| Retail outlets at June 30 | 1,647 | 1,746 | |||||||||||||
| Gasoline and distillate sales (million gallons) | 822 | 802 | 2,360 | 2,371 | |||||||||||
| Gross margin - gasoline and distillates (per gallon) | $ | .1211 | $ | .1192 | $ | .1165 | $ | .1161 | |||||||
| Merchandise sales (millions) | $ | 645 | $ | 600 | $ | 1,786 | $ | 1,668 | |||||||
| Merchandise margin (as a percent of sales) | 25.2% | 23.4% | 25.2% | 24.4% | |||||||||||
| __________ | |||||||||||||||
| (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 owned a 38% interest until June 30, 2005. | ||||||||||||||
| (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. | ||||||||||||||