-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, RAaZaXJdFq1qSl7v/bQ6kBkrl7XeEpOeUB9R2W7ASwxbUsd1Ya7sEDjwlII7tUOn ZGJswEwTTeuzLLc5gr+aIA== 0001305014-07-000110.txt : 20070425 0001305014-07-000110.hdr.sgml : 20070425 20070425094330 ACCESSION NUMBER: 0001305014-07-000110 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 16 CONFORMED PERIOD OF REPORT: 20070425 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20070425 DATE AS OF CHANGE: 20070425 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ASHLAND INC. CENTRAL INDEX KEY: 0001305014 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-CHEMICALS & ALLIED PRODUCTS [5160] IRS NUMBER: 200865835 STATE OF INCORPORATION: KY FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-32532 FILM NUMBER: 07786258 BUSINESS ADDRESS: STREET 1: 50 EAST RIVERCENTER BLVD., 16TH FLOOR CITY: COVINGTON STATE: KY ZIP: 41012 BUSINESS PHONE: 859-815-3483 MAIL ADDRESS: STREET 1: 50 EAST RIVERCENTER BLVD., 16TH FLOOR CITY: COVINGTON STATE: KY ZIP: 41012 FORMER COMPANY: FORMER CONFORMED NAME: New EXM Inc. DATE OF NAME CHANGE: 20041004 8-K 1 form8k.txt FORM 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 -------------- FORM 8-K -------------- CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of report (Date of earliest event reported): April 25, 2007 ASHLAND INC. (Exact name of registrant as specified in its charter) Kentucky (State or other jurisdiction of incorporation) 1-32532 20-0865835 (Commission File Number) (I.R.S. Employer Identification No.) 50 E. RiverCenter Boulevard, Covington, Kentucky 41011 (Address of principal executive offices) (Zip Code) P.O. Box 391, Covington, Kentucky 41012-0391 (Mailing Address) (Zip Code) Registrant's telephone number, including area code (859) 815-3333 Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) -1- Item 7.01. Regulation FD Disclosure - ----------------------------------- On April 25, 2007, Ashland Inc. will include the information contained in exhibits 99.1-99.15, and graphic images thereof, on the "Investor Center" section of its website located at www.ashland.com, or in employee communications. Ashland is furnishing the information pursuant to the Securities and Exchange Commission's ("SEC") Regulation FD. The information contained in exhibits 99.1-99.15 is summary information concerning key metrics for Ashland's divisional operations and is intended to be considered in the context of Ashland's SEC filings and other public announcements that Ashland may make from time to time. By filing this report on Form 8-K, Ashland makes no admission as to the materiality of any information in this report. Ashland reserves the right to discontinue the availability of the data in the attached exhibits. -2- Item 9.01. Financial Statements and Exhibits - -------------------------------------------- (d) Exhibits 99.1 Website data concerning Ashland Distribution's sales per shipping day 99.2 Website data concerning Ashland Distribution's revenue 99.3 Website data concerning Ashland Distribution's gross profit 99.4 Website data concerning Ashland Performance Materials' average sales per shipping day 99.5 Website data concerning Ashland Performance Materials' revenue 99.6 Website data concerning Ashland Performance Materials' gross profit 99.7 Website data concerning Ashland Water Technologies' average sales per shipping day 99.8 Website data concerning Ashland Water Technologies' revenue 99.9 Website data concerning Ashland Water Technologies' gross profit 99.10 Website data concerning Valvoline's premium oil sales 99.11 Website data concerning Valvoline's revenue 99.12 Website data concerning Valvoline's gross profit 99.13 Website data concerning Valvoline's lubricant gallons 99.14 Website data concerning Valvoline Instant Oil Change's twelve month rolling average sales 99.15 Ashland Distribution's non-GAAP metric information -3- SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. ASHLAND INC. ------------------------------------------- (Registrant) April 25, 2007 /s/ J. Marvin Quin ------------------------------------------- J. Marvin Quin Senior Vice President and Chief Financial Officer -4- EXHIBIT INDEX 99.1 Website data concerning Ashland Distribution's sales per shipping day 99.2 Website data concerning Ashland Distribution's revenue 99.3 Website data concerning Ashland Distribution's gross profit 99.4 Website data concerning Ashland Performance Materials' average sales per shipping day 99.5 Website data concerning Ashland Performance Materials' revenue 99.6 Website data concerning Ashland Performance Materials' gross profit 99.7 Website data concerning Ashland Water Technologies' average sales per shipping day 99.8 Website data concerning Ashland Water Technologies' revenue 99.9 Website data concerning Ashland Water Technologies' gross profit 99.10 Website data concerning Valvoline's premium oil sales 99.11 Website data concerning Valvoline's revenue 99.12 Website data concerning Valvoline's gross profit 99.13 Website data concerning Valvoline's lubricant gallons 99.14 Website data concerning Valvoline Instant Oil Change's twelve month rolling average sales 99.15 Ashland Distribution's non-GAAP metric information -5- EX-99 2 ex99-1.txt EXHIBIT 99.1 Exhibit 99.1 (Text of graph posted to Ashland Inc.'s website concerning Ashland Distribution's sales per shipping day) Average Sales $ per Shipping Day ($, Millions) 2002 2003 2004 2005 2006 2007 ------ ------ ------ ------ ------ ------ January 9.567 10.842 11.777 15.187 15.959 15.445 February 10.109 11.555 12.575 15.530 16.412 16.333 March 10.503 11.607 12.549 15.524 15.910 15.520 April 10.330 11.806 13.302 15.631 17.034 May 10.506 11.469 13.442 15.664 16.459 June 10.668 11.710 13.282 14.971 16.552 July 9.966 11.042 13.166 14.774 16.194 August 10.281 11.379 13.707 14.535 15.925 September 10.749 11.540 14.062 16.319 16.695 October 10.415 11.453 14.340 15.870 16.000 November 11.054 12.262 15.234 16.688 16.537 December 9.420 10.174 13.772 14.991 13.963 EX-99 3 ex99-2.txt EXHIBIT 99.2 Exhibit 99.2 (Text of graph posted to Ashland Inc.'s website concerning Ashland Distribution's revenue) Monthly Sales ($, Millions) 2002 2003 2004 2005 2006 2007 ------ ------ ------ ------ ------ ------ January 210 239 247 304 335 340 February 202 231 252 311 328 327 March 210 244 289 342 366 341 April 227 248 279 328 324 May 231 241 269 329 362 June 213 246 292 329 364 July 219 243 276 295 324 August 226 239 302 334 366 September 215 242 295 343 334 October 240 263 301 333 352 November 210 221 305 334 331 December 188 214 289 300 265 12 Month Rolling Average ($, Millions) 2002 2003 2004 2005 2006 2007 ------ ------ ------ ------ ------ ------ January 223 218 240 288 326 338 February 220 221 242 293 328 338 March 217 224 245 297 330 336 April 216 225 248 301 329 May 212 226 250 306 332 June 211 229 254 309 335 July 211 231 257 311 337 August 211 232 262 314 340 September 212 234 267 318 339 October 213 236 270 320 341 November 214 237 277 323 341 December 216 239 283 324 338 EX-99 4 ex99-3.txt EXHIBIT 99.3 Exhibit 99.3 (Text of graph posted to Ashland Inc.'s website concerning Ashland Distribution's gross profit) Gross Profit % - 3 Month Rolling Average 2002 2003 2004 2005 2006 2007 ------ ------ ------ ------ ------ ------ January 9.5 10.1 9.6 9.9 10.1 8.8 February 9.3 9.8 9.7 9.7 9.4 8.7 March 9.7 9.6 9.7 9.8 9.6 9.0 April 9.8 9.6 9.7 9.8 9.7 May 10.0 9.9 9.8 10.0 9.8 June 10.1 10.0 9.8 10.0 9.3 July 10.3 10.3 9.7 10.1 9.1 August 10.1 10.2 9.4 9.7 8.8 September 9.2 10.1 9.5 9.3 8.8 October 8.9 9.8 9.3 9.1 8.9 November 9.2 9.5 9.6 9.9 9.0 December 10.1 9.6 9.6 10.2 8.6 Gross Profit % - 12 Month Rolling Average 2002 2003 2004 2005 2006 2007 ------ ------ ------ ------ ------ ------ January 9.2 9.8 9.8 9.6 9.8 9.1 February 9.1 9.8 9.8 9.6 9.8 9.1 March 9.2 9.7 9.9 9.7 9.8 8.9 April 9.3 9.7 9.8 9.7 9.7 May 9.3 9.8 9.8 9.7 9.7 June 9.5 9.7 9.8 9.7 9.6 July 9.7 9.7 9.7 9.8 9.5 August 9.9 9.8 9.6 9.8 9.5 September 9.7 9.9 9.6 9.7 9.5 October 9.6 9.9 9.6 9.7 9.4 November 9.7 9.9 9.6 9.8 9.2 December 9.8 9.8 9.6 9.8 9.1 EX-99 5 ex99-4.txt EXHIBIT 99.4 Exhibit 99.4 (Text of graph posted to Ashland Inc.'s website concerning Ashland Performance Materials' average sales per shipping day) Average Net Sales per Shipping Day ($, Millions) 2002 2003 2004 2005 2006 2007 ------ ------ ------ ------ ------ ------ January 2.611 2.856 3.159 5.176 5.258 6.061 February 3.295 3.457 3.562 5.593 5.816 5.593 March 3.226 3.512 3.812 5.570 5.200 5.965 April 3.346 3.716 4.341 5.989 6.156 May 3.360 3.597 4.287 6.183 5.641 June 3.613 3.808 4.454 5.812 5.845 July 3.097 3.385 4.274 5.425 5.886 August 3.269 3.210 4.286 5.293 5.501 September 3.425 3.903 4.260 5.264 5.663 October 3.430 3.786 4.933 5.955 6.083 November 3.696 4.144 5.262 6.030 6.149 December 3.275 3.649 4.652 5.305 5.800 EX-99 6 ex99-5.txt EXHIBIT 99.5 Exhibit 99.5 (Text of graph posted to Ashland Inc.'s website concerning Ashland Performance Materials' revenue) Net Monthly Sales ($, Millions) 2002 2003 2004 2005 2006 2007 ------ ------ ------ ------ ------ ------ January 57.4 62.8 66.3 103.5 110.4 133.3 February 65.9 69.1 85.5 111.9 116.3 111.6 March 64.5 73.8 87.7 122.5 119.6 131.2 April 73.6 78.0 91.2 125.8 117.0 May 73.9 75.5 85.7 129.9 124.1 June 72.3 80.0 98.0 127.9 128.6 July 68.1 74.5 89.8 108.5 117.7 August 71.9 80.2 94.3 121.7 126.5 September 68.5 66.4 89.5 110.5 113.3 October 78.9 87.1 103.6 125.1 132.8 November 70.2 74.6 105.2 120.6 123.0 December 65.5 76.6 97.7 106.1 110.2 12 Month Net Sales Rolling Average ($, Millions) 2002 2003 2004 2005 2006 2007 ------ ------ ------ ------ ------ ------ January 65.5 69.7 75.2 94.3 118.4 121.9 February 66.1 70.0 76.5 96.5 118.8 121.5 March 65.9 70.7 77.7 99.4 118.5 122.4 April 66.8 71.1 78.8 102.3 117.8 May 67.6 71.2 79.6 106.0 117.3 June 67.2 71.9 81.1 108.4 117.4 July 67.2 72.4 82.4 110.0 118.1 August 67.4 73.1 83.6 112.3 118.5 September 67.9 72.9 85.5 114.1 118.8 October 68.2 73.6 86.9 115.8 119.4 November 68.6 74.0 89.4 117.1 119.6 December 69.2 74.9 91.2 117.8 120.0 EX-99 7 ex99-6.txt EXHIBIT 99.6 Exhibit 99.6 (Text of graph posted to Ashland Inc.'s website concerning Ashland Performance Materials' gross profit) Gross Profit % - 3 Month Rolling Average 2002 2003 2004 2005 2006 2007 ------ ------ ------ ------ ------ ------ January 23.4 22.3 21.0 17.3 21.3 20.5 February 24.2 21.8 21.6 18.6 22.2 19.7 March 26.0 20.9 21.8 20.7 22.9 20.5 April 27.8 21.2 22.0 21.5 23.4 May 28.1 20.8 20.8 21.6 24.2 June 27.9 22.0 20.2 22.6 25.0 July 26.7 22.2 20.0 22.7 24.6 August 25.4 23.1 19.6 22.9 22.8 September 24.7 21.6 17.7 21.2 20.3 October 24.8 22.2 16.9 21.6 20.4 November 24.4 21.7 16.8 20.9 20.8 December 23.8 22.6 16.6 21.6 21.1 Gross Profit % - 12 Month Rolling Average 2002 2003 2004 2005 2006 2007 ------ ------ ------ ------ ------ ------ January 22.7 25.4 21.7 18.9 21.8 22.2 February 23.2 25.0 21.8 18.9 21.9 21.9 March 23.8 24.4 22.0 18.8 22.1 21.7 April 24.3 23.8 21.9 19.0 22.3 May 24.8 23.1 21.8 19.3 22.5 June 25.2 22.8 21.5 19.7 22.8 July 25.5 22.6 21.3 19.9 22.8 August 25.5 22.5 20.9 20.2 22.5 September 25.8 22.1 20.4 20.4 22.5 October 25.7 22.0 19.8 20.9 22.4 November 25.6 21.9 19.5 21.1 22.5 December 25.6 21.8 18.9 21.6 22.3 EX-99 8 ex99-7.txt EXHIBIT 99.7 Exhibit 99.7 (Text of graph posted to Ashland Inc.'s website concerning Ashland Water Technologies' average sales per shipping day) Average Net Sales per Shipping Day ($, Millions) 2002 2003 2004 2005 2006 2007 ------ ------ ------ ------ ------ ------ January 1.179 1.192 1.393 1.606 1.554 3.038 February 1.259 1.429 1.194 1.532 1.679 3.064 March 1.185 1.334 1.371 1.507 1.475 2.797 April 1.211 1.358 1.489 1.622 1.938 May 1.206 1.369 1.515 1.560 1.554 June 1.333 1.362 1.346 1.536 1.912 July 1.252 1.345 1.543 1.666 3.046 August 1.319 1.201 1.425 1.520 2.793 September 1.463 1.757 1.518 1.744 3.310 October 1.165 1.254 1.439 1.509 2.677 November 1.360 1.570 1.536 1.639 2.853 December 1.306 1.291 1.529 1.614 3.297 EX-99 9 ex99-8.txt EXHIBIT 99.8 Exhibit 99.8 (Text of graph posted to Ashland Inc.'s website concerning Ashland Water Technologies' revenue) Net Monthly Sales ($, Millions) 2002 2003 2004 2005 2006 2007 ------ ------ ------ ------ ------ ------ January 25.9 26.2 29.2 32.1 32.6 66.8 February 25.2 28.6 28.7 30.6 33.6 61.3 March 23.7 28.0 31.5 33.2 33.9 61.5 April 26.6 28.5 31.3 34.1 36.8 May 26.5 28.8 30.3 32.8 34.2 June 26.7 28.6 29.6 33.8 42.1 July 27.5 29.6 32.4 33.3 60.9 August 29.0 30.0 31.4 35.0 64.2 September 29.3 29.9 31.9 36.6 66.2 October 26.8 28.8 30.2 31.7 58.9 November 25.8 28.3 30.7 32.8 57.1 December 26.1 27.1 32.1 32.3 62.6 12 Month Net Sales Rolling Average ($, Millions) 2002 2003 2004 2005 2006 2007 ------ ------ ------ ------ ------ ------ January 25.8 26.6 28.8 31.0 33.2 51.4 February 25.7 26.9 28.8 31.2 33.5 53.8 March 25.6 27.3 29.1 31.3 33.5 56.1 April 25.8 27.4 29.3 31.5 33.8 May 25.8 27.6 29.4 31.8 33.9 June 25.9 27.8 29.5 32.1 34.6 July 26.0 27.9 29.8 32.2 36.9 August 26.2 28.0 29.9 32.5 39.3 September 26.3 28.1 30.0 32.9 41.8 October 26.4 28.2 30.2 33.0 44.0 November 26.5 28.4 30.4 33.2 46.1 December 26.6 28.5 30.8 33.2 48.6 EX-99 10 ex99-9.txt EXHIBIT 99.9 Exhibit 99.9 (Text of graph posted to Ashland Inc.'s website concerning Ashland Water Technologies' gross profit) Gross Profit % - 3 Month Rolling Average 2002 2003 2004 2005 2006 2007 ------ ------ ------ ------ ------ ------ January 51.3 51.1 50.7 49.0 48.2 39.1 February 51.5 51.2 50.1 49.4 47.5 38.4 March 51.6 51.0 50.1 48.0 47.2 38.8 April 52.1 50.7 49.7 48.2 46.8 May 51.9 49.9 49.3 47.5 46.6 June 51.1 49.5 48.9 46.9 45.5 July 50.6 49.6 48.8 46.6 42.3 August 50.1 50.1 48.4 47.2 39.6 September 50.7 49.8 47.8 47.2 38.4 October 50.6 49.6 47.9 47.4 38.7 November 50.9 50.1 47.6 47.5 39.9 December 51.2 50.4 49.4 48.5 40.3 Gross Profit % - 12 Month Rolling Average 2002 2003 2004 2005 2006 2007 ------ ------ ------ ------ ------ ------ January 50.2 51.1 50.1 48.8 47.6 41.0 February 50.4 51.0 50.1 48.7 47.4 40.5 March 50.7 51.0 50.0 48.5 47.4 40.2 April 50.9 50.8 49.9 48.5 47.2 May 51.1 50.5 49.9 48.2 47.2 June 51.0 50.6 49.8 48.0 46.9 July 51.0 50.5 49.7 47.9 45.7 August 51.0 50.5 49.5 47.9 44.5 September 51.2 50.4 49.3 47.8 43.7 October 51.1 50.2 49.2 47.7 43.0 November 51.1 50.3 48.8 47.9 42.4 December 51.1 50.2 49.0 47.6 41.9 EX-99 11 ex99-10.txt EXHIBIT 99.10 Exhibit 99.10 (Text of graph posted to Ashland Inc.'s website concerning Valvoline's premium oil sales) (% of Branded) 2002 2003 2004 2005 2006 2007 ------ ------ ------ ------ ------ ------ January 14.2 16.7 20.8 23.0 23.9 24.1 February 14.8 20.2 21.7 21.9 25.1 21.5 March 17.9 19.4 21.8 26.7 24.1 24.3 April 17.2 17.1 22.4 23.8 23.3 May 16.8 20.5 22.5 23.2 21.8 June 17.8 21.5 20.9 26.3 22.2 July 15.9 17.2 21.4 23.6 22.5 August 17.1 18.7 24.3 24.1 23.3 September 17.5 19.4 23.3 21.5 20.9 October 16.5 17.1 22.4 22.2 21.7 November 17.4 19.5 20.9 24.4 20.5 December 16.8 22.1 22.2 22.1 22.6 EX-99 12 ex99-11.txt EXHIBIT 99.11 Exhibit 99.11 (Text of graph posted to Ashland Inc.'s website concerning Valvoline's revenue) Valvoline Revenue Monthly ($, Millions) 2002 2003 2004 2005 2006 2007 ------ ------ ------ ------ ------ ------ January 94.0 96.5 105.5 103.0 113.1 122.8 February 86.2 93.4 100.4 105.5 109.1 122.3 March 92.4 111.0 118.0 114.9 130.6 137.3 April 107.7 101.1 115.6 118.3 116.8 May 104.0 105.7 104.6 118.3 126.8 June 92.8 99.9 109.9 117.8 122.9 July 107.8 110.4 116.3 107.0 116.3 August 108.3 105.6 108.2 116.1 128.3 September 104.2 129.8 128.0 115.7 134.6 October 100.3 110.7 104.6 105.8 130.3 November 88.2 85.2 103.3 106.0 114.6 December 92.8 94.3 101.1 98.7 106.6 Valvoline Revenue 12 Month Rolling Average ($, Millions) 2002 2003 2004 2005 2006 2007 ------ ------ ------ ------ ------ ------ January 94.7 98.4 104.4 109.4 111.4 121.6 February 95.2 99.0 105.0 109.8 111.7 122.7 March 94.0 100.6 105.6 109.6 113.0 123.3 April 96.0 100.0 106.8 109.8 112.9 May 95.8 100.2 106.7 111.0 113.6 June 95.8 100.8 107.5 111.6 114.1 July 96.5 101.0 108.0 110.8 114.8 August 96.8 100.8 108.2 111.5 115.8 September 96.0 102.9 108.1 110.5 117.4 October 96.8 103.8 107.6 110.6 119.5 November 96.8 103.5 109.1 110.8 120.2 December 98.2 103.6 109.6 110.6 120.8 EX-99 13 ex99-12.txt EXHIBIT 99.12 Exhibit 99.12 (Text of graph posted to Ashland Inc.'s website concerning Valvoline's gross profit) 3 Month Rolling Average (%) 2002 2003 2004 2005 2006 2007 ------ ------ ------ ------ ------ ------ January 26.4 26.6 27.5 26.7 21.4 24.5 February 27.3 26.8 27.4 27.4 21.6 25.1 March 28.9 27.2 27.7 28.3 22.0 25.6 April 30.0 26.8 28.3 28.8 21.4 May 30.1 27.7 28.5 28.1 20.4 June 29.5 28.5 28.7 25.9 20.2 July 29.4 29.7 29.1 25.4 19.6 August 29.4 29.8 29.6 25.6 19.0 September 30.3 28.7 28.5 25.4 16.0 October 29.0 28.1 27.7 24.5 17.9 November 28.2 27.5 26.4 23.0 19.7 December 26.1 28.3 26.8 22.1 23.8 12 Month Rolling Average (%) 2002 2003 2004 2005 2006 2007 ------ ------ ------ ------ ------ ------ January 27.7 28.8 28.1 28.0 25.1 20.7 February 27.8 28.7 28.1 28.0 24.7 21.0 March 27.7 28.3 28.3 28.1 23.9 21.4 April 27.8 28.0 28.4 28.1 23.2 May 28.0 28.0 28.3 27.9 22.6 June 28.0 28.1 28.3 27.4 22.4 July 28.2 28.1 28.3 27.2 21.7 August 28.3 28.2 28.3 26.9 20.9 September 28.6 27.7 28.3 26.6 19.9 October 28.8 27.8 28.2 26.4 20.0 November 28.8 28.0 28.0 26.0 20.1 December 28.8 28.2 27.9 25.5 20.4 EX-99 14 ex99-13.txt EXHIBIT 99.13 Exhibit 99.13 (Text of graph posted to Ashland Inc.'s website concerning Valvoline's lubricant sales gallons 3 Month Rolling Average (millions) 2002 2003 2004 2005 2006 2007 ------ ------ ------ ------ ------ ------ January 15.1 14.3 13.6 13.1 13.1 12.3 February 15.0 14.5 14.5 12.9 13.2 12.7 March 16.2 16.2 15.8 14.1 14.7 13.9 April 17.1 16.7 16.8 15.1 15.0 May 18.1 17.2 16.9 16.0 15.6 June 17.9 16.4 16.7 16.0 15.0 July 17.0 16.6 16.8 15.4 14.7 August 17.3 16.4 16.5 15.0 14.4 September 17.8 17.1 16.8 14.7 13.7 October 17.5 17.3 15.6 14.5 14.0 November 16.0 16.1 15.3 13.7 13.2 December 14.8 14.6 13.7 12.8 12.8 EX-99 15 ex99-14.txt EXHIBIT 99.14 Exhibit 99.14 (Text of graph posted to Ashland Inc.'s website concerning Valvoline Instant Oil Change's twelve month rolling average sales) VIOC Same Store Sales ($, Millions) (2 Years and Older) 2002 2003 2004 2005 2006 2007 ------ ------ ------ ------ ------ ------ January 10.6 11.5 11.9 11.7 11.4 11.5 February 10.7 11.5 12.0 11.7 11.4 11.6 March 10.7 11.6 11.9 11.7 11.4 11.7 April 10.8 11.7 11.9 11.7 11.3 May 10.9 11.7 11.8 11.7 11.3 June 11.0 11.8 11.8 11.7 11.3 July 11.1 11.8 11.8 11.7 11.3 August 11.2 11.9 11.7 11.7 11.2 September 11.2 11.9 11.7 11.6 11.3 October 11.3 11.9 11.7 11.5 11.3 November 11.4 11.9 11.7 11.5 11.3 December 11.4 11.9 11.8 11.4 11.4 NOTE: 60 VIOC stores transferred to Marathon on June 30, 2005, have been excluded from this data. EX-99 16 ex99-15.txt EXHIBIT 99.15 Exhibit 99.15 Ashland Distribution Non-GAAP Metric Information ($, Thousands) POCKET PROFIT Q2 2007 Q2 2006 - ------------- ----------- ----------- Operating Income 20,107 30,367 Income Taxes (7,237) (11,427) ----------- ----------- Net Income 12,870 18,940 Invested Capital January 31 673,306 620,182 Invested Capital February 28 690,211 626,511 Invested Capital March 31 661,400 588,884 ----------- ----------- Total 2,024,917 1,835,577 Average Invested Capital (Total/3) 674,972 611,859 Cost of Capital (9.5%/4) 2.375% 2.375% ----------- ----------- Cost of Capital $ (COC$) 16,031 14,532 Pocket Profit (3,161) 4,408 (Net Income less COC$) NOTES: (1) "Invested Capital" is defined as total assets less total liabilities, excluding intercompany receivables and payables. (2) For purposes of the Pocket Profit computation, Ashland has established an estimated cost of capital annual rate of 9.5%, which is intended to represent a reasonable estimate of the weighted average of Ashland's after-tax cost of long-term debt and the cost of equity, based on a targeted ratio of debt and equity to Ashland's total capitalization. (3) Pocket Profit is a Non-GAAP metric used by management to measure our overall performance as it relates to covering our cost of capital. (4) "Pocket Profit" is defined as: Operating Income less Income Taxes equals Net Income. The Average Invested Capital for the quarter is multiplied by 2.375% (9.5%/4) which equals the Cost of Capital, which is then subtracted from our Net Income to arrive at our Pocket Profit. -----END PRIVACY-ENHANCED MESSAGE-----