Current Report

 

 
 
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):  September 22, 2009
 
 
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 September 22, 2009, Ashland Inc. will include the information contained in exhibits 99.1-99.18, and graphic images thereof, on the “Investor Center” section of its website located at http://investor.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 99.1-99.17 is summary information concerning key metrics for Ashland’s operating segments.  The information contained in exhibit 99.18 is summary information concerning certain working capital components, expressed as a percentage of annualized sales for Ashland on a monthly basis for August 2009, as used for certain internal measurement purposes.  The information 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 Aqualon Functional Ingredients’ average sales per shipping day
99.2
Website data concerning Ashland Aqualon Functional Ingredients’ revenue
99.3  Website data concerning Ashland Aqualon Functional Ingredients’ volume in metric tons 
99.4
Website data concerning Ashland Hercules Water Technologies’ average sales per shipping day
99.5
Website data concerning Ashland Hercules Water Technologies’ revenue
99.6
Website data concerning Ashland Hercules Water Technologies’ gross profit
99.7
Website data concerning Ashland Performance Materials’ average sales per shipping day
99.8
Website data concerning Ashland Performance Materials’ revenue
99.9
Website data concerning Ashland Performance Materials’ gross profit
99.10
Website data concerning Ashland Consumer Markets’ (Valvoline’s) premium lubricants % of branded volume
99.11
Website data concerning Ashland Consumer Markets’ (Valvoline’s) revenue
99.12
Website data concerning Ashland Consumer Markets’ (Valvoline’s) gross profit
99.13
Website data concerning Ashland Consumer Markets’ (Valvoline’s) lubricant sales gallons
99.14
Website data concerning Valvoline Instant Oil Change’s twelve month rolling average sales
99.15
Website data concerning Ashland Distribution’s average sales per shipping day
99.16 Website data concerning Ashland Distribution’s revenue 
99. 17 Website data concerning Ashland Distribution’s gross profit 
99.18
Website data concerning Ashland Inc.’s operating segment trade working capital
 
 
 
-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)
   
   
Septemer 22, 2009
/s/ Lamar M. Chambers
 
Lamar M. Chambers
 
Senior Vice President and
Chief Financial Officer
 
 
-4-
 
 
 
 
 
EXHIBIT INDEX
 
 
99.1
Website data concerning Ashland Aqualon Functional Ingredients’ average sales per shipping day
99.2
Website data concerning Ashland Aqualon Functional Ingredients’ revenue
99.3  Website data concerning Ashland Aqualon Functional Ingredients’ volume in metric tons
99.4
Website data concerning Ashland Hercules Water Technologies’ average sales per shipping day
99.5
Website data concerning Ashland Hercules Water Technologies’ revenue
99.6
Website data concerning Ashland Hercules Water Technologies’ gross profit
99.7
Website data concerning Ashland Performance Materials’ average sales per shipping day
99.8
Website data concerning Ashland Performance Materials’ revenue
99.9
Website data concerning Ashland Performance Materials’ gross profit
99.10
Website data concerning Ashland Consumer Markets’ (Valvoline’s) premium lubricants % of branded volume
99.11
Website data concerning Ashland Consumer Markets’ (Valvoline’s) revenue
99.12
Website data concerning Ashland Consumer Markets’ (Valvoline’s) gross profit
99.13
Website data concerning Ashland Consumer Markets’ (Valvoline’s) lubricant sales gallons
99.14
Website data concerning Valvoline Instant Oil Change’s twelve month rolling average sales
99.15
Website data concerning Ashland Distribution’s average sales per shipping day
99.16 Website data concerning Ashland Distribution’s revenue 
99.17 Website data concerning Ashland Distribution’s gross profit 
99.18
Website data concerning Ashland Inc.’s operating segment trade working capital
 
 
-5-
 
Exhibit 99.1
 (Text of graph posted to Ashland Inc.'s website concerning
Ashland Aqualon Functional Ingredients average sales per shipping day)
 
Average Sales per Shipping Day ($ in millions)*
 
           
 
2005
2006
2007
2008 2009 
January
3.240
2.951
2.851
3.208 2.864 
February
3.268
3.445
4.005
4.093 3.616 
March
2.755
3.172
3.465
4.945 4.112 
April
3.586
4.025
4.050
4.048 3.125 
May
3.438
3.222
3.690
4.610
3.740 
June
3.352
3.967
4.686
5.558
4.197 
July
3.362
4.042
3.739
3.531
3.056 
August
2.751
3.129
3.748
4.715
3.768 
September
3.497
4.286
4.868
5.343
 
October
3.286
3.101
3.164
3.125
 
November
3.299
3.510
4.466
4.404  
December
3.079
3.966
4.560
3.817  
 
*NOTE:  Information from October 2008 and prior represent the pre-acquisition operations of Hercules' Aqualon Group acquired on November 13, 2008.
 
 
Exhibit 99.2
(Text of graph posted to Ashland Inc.'s website concerning
 Ashland Aqualon Functional Ingredients revenue)
 
Monthly Sales ($ in millions)*
         
           
 
2005
2006
2007
2008 2009
January
64.8
62.0
62.7
70.6  60.1
February
65.4
68.9
80.1
86.0  72.3
March
60.6
73.0
76.2
98.9  90.5
April
75.3
76.5
81.0
89.1  65.6
May
72.2
70.9
81.2
96.8  74.8
June
73.7
87.3
98.4
116.7 
 92.3
July
67.2
80.8
78.5
77.7 
 67.2
August
63.3
72.0
86.2
99.0 
 79.1
September
73.4
85.7
92.5
 112.2 
 
October
69.0
68.2
 72.8
71.9 
 
November
66.0
70.2
89.3
79.3   
December
61.6
75.3
86.6
80.1   

 
12 Month Rolling Average ($ in millions)*
       
           
 
2005
2006
2007
2008 2009
January
65.8
67.5
74.3
82.8  89.0
February
65.8
67.8
75.2
83.3  87.8
March
65.9
68.8
75.5
85.2  87.1
April
66.2
68.8
76.7
87.1  85.2
May
66.2
68.8
76.7
87.1  83.4
June
66.7
69.9
77.7
88.7 
 81.3
July
66.5
71.0
 77.5
 88.6 
 80.5
August
66.5
71.8
78.7
89.7 
 78.8
September
67.2
72.8
 79.2
91.3 
 
October
67.2
72.7
79.6
91.2 
 
November
67.9
73.1
81.2
90.4   
December
67.7
74.2
82.1
89.9   

*NOTE:  Information from October 2008 and prior represent the pre-acquisition operations of Hercules' Aqualon Group acquired on November 13, 2008.  The 12 month rolling sales average will continue to include pre-acquisition results through November 2009.
 
 
Exhibit 99.3
(Text of graph posted to Ashland Inc.'s website concerning
 Ashland Aqualon Functional Ingredients volume in metric tons)
 
Metric Tons (in thousands)*
       
           
 
2005
2006
2007
2008 2009
January
14.2
12.2
12.8
13.7  11.3
February
14.4
13.4
15.4
16.5  13.7
March
13.5
15.2
14.5
18.4  21.4
April
16.3
15.5
15.9
16.8  11.8
May
15.4
14.6
16.2
18.0  13.4
June
16.2
18.0
19.3
21.7 
 16.0
July
14.5
16.7
16.0
15.1 
 12.2
August
14.2
14.8
18.1
17.9 
 14.6
September
15.8
17.5
18.7
20.2 
 
October
16.0
14.1
14.5
13.3 
 
November
15.1
14.6
18.3
15.2   
December
14.3
15.2
17.2
15.8   

 
12 Month Rolling Average (in thousands)*
       
           
 
2005
2006
2007
2008 2009
January
15.2
14.8
15.2
16.5  16.7
February
15.2
14.8
15.4
16.6  16.4
March
15.2
14.9
15.3
16.9  16.7
April
15.1
14.8
15.5
17.1  16.3
May
15.1
14.8
15.5
17.1  15.9
June
15.1
14.9
15.6
17.3 
 15.4
July
14.9
15.1
 15.5
 17.3 
 15.2
August
14.9
15.1
15.8
17.2 
 14.9
September
14.9
15.3
 15.9
17.4 
 
October
14.9
15.1
15.9
17.3 
 
November
15.1
15.1
16.3
17.0   
December
15.0
15.2
16.4
16.9   

*NOTE:  Information from October 2008 and prior represent the pre-acquisition operations of Hercules' Aqualon Group acquired on November 13, 2008.  The 12 month rolling average will continue to include pre-acquisition results through November 2009. 
 
 
Exhibit 99. 4
(Text of graph posted to Ashland Inc.'s website concerning
 Ashland Hercules Water Technologies average sales per shipping day)
 
Average Sales per Shipping Day ($ in millions)*
       
           
 
2005
2006
2007
2008 2009 
January
1.606
1.554
3.038
3.351  7.014 
February
1.532
1.679
3.064
3.403  7.206 
March
1.507
1.475
2.797
3.613  6.422 
April
1.622
1.938
3.299
3.767  6.945 
May
1.560
1.554
3.079
3.662  7.075 
June
1.536
1.912
3.193
4.022 
6.959 
July
1.666
3.046
 3.238
 3.720 
 7.260 
August
1.520
2.793
 4.209
3.251 
 7.203 
September
1.744
3.310
 4.420
3.598 
 
October
1.509
2.677
 3.077
3.090 
 
November
1.639
2.853
3.467
5.994 
 
December
1.614
3.297
 3.445
 6.640   
 
*NOTE:  Information from October 2008 and prior does not include the Paper Technologies and Ventures operations of Hercules acquired on November 13, 2008.  August and September 2007 information (and 3 and 12 month rolling averages that contain August and September 2007 information) is affected by the 13 month foreign reporting impact described on the Business Fundamentals page of this website.  In May 2006 Ashland acquired the water treatment business of Degussa AG.
 
 
Exhibit 99 .5
(Text of graph posted to Ashland Inc.'s website concerning
 Ashland Hercules Water Technologies revenue)
 
Monthly Sales ($ in millions)*
         
           
 
2005
2006
2007
2008 2009 
January
32.1
32.6
66.8
73.7  147.3 
February
30.6
33.6
61.3
71.5  144.1 
March
33.2
33.9
61.5
72.3  141.3 
April
34.1
36.8
66.0
82.9  145.8 
May
32.8
34.2
67.7
76.9  141.5 
June
33.8
42.1
67.1
 84.5 
148.8 
July
33.3
60.9
 68.0
 81.8 
 159.7 
August
35.0
64.2
 96.8
68.3 
 151.3 
September
36.6
66.2
 84.0
 75.6 
 
October
31.7
58.9
 70.8
71.1 
 
November
32.8
57.1
69.3
107.9   
December
32.3
62.6
 65.4
139.4   

 
12 Month Rolling Average ($ in millions)*
       
            
 
2005
2006
2007
2008 2009 
January
31.0
33.2
51.4
71.0  89.9 
February
31.2
33.5
53.8
71.8  96.0 
March
31.3
33.5
56.1
72.7  101.8 
April
31.5
33.8
58.5
74.1  107.0 
May
31.8
33.9
61.3
74.9  112.4 
June
32.1
34.6
63.4
76.3 
117.7 
July
32.2
36.9
 64.0
 77.5 
 124.2 
August
32.5
39.3
 66.7
75.1 
 131.1 
September
32.9
41.8
 68.2
74.4 
 
October
33.0
44.0
 69.1
74.4 
 
November
33.2
46.1
70.2
77.7   
December
33.2
48.6
 70.4
83.8   

*NOTE:  Information from October 2008 and prior does not include the Paper Technologies and Ventures operations of Hercules acquired on November 13, 2008.  August and September 2007 information (and 3 and 12 month rolling averages that contain August and September 2007 information) is affected by the 13 month foreign reporting impact described on the Business Fundamentals page of this website.  In May 2006 Ashland acquired the water treatment business of Degussa AG.
 
 
Exhibit 99 .6
(Text of graph posted to Ashland Inc.'s website concerning
 Ashland Hercules Water Technologies gross profit)
 
3 Month Rolling Average (%)*
         
            
 
2005
2006
2007
2008 2009
January
49.0
48.2
39.1
38.1 30.5
February
49.4
47.5
38.4
36.4 31.6
March
48.0
47.2
38.8
37.3 32.6
April
48.2
46.8
39.6
36.9 34.6
May
47.5
46.6
39.6
37.8 36.3
June
46.9
45.5
38.2
 37.2
 34.7
July
46.6
42.3
 39.3
 37.1
 35.7
August
47.2
39.6
 39.0
 36.2
 34.8
September
47.2
38.4
 39.7
32.9
 
October
47.4
38.7
 39.0
 33.0
 
November
47.5
39.9
39.8
31.5  
December
48.5
40.3
 39.3
32.5  
 

12 Month Rolling Average (%)*
         
            
 
2005
2006
2007
2008 2009
January
48.8
47.6
41.0
39.0 34.0
February
48.7
47.4
40.5
38.7 33.1
March
48.5
47.4
40.2
38.6 33.0
April
48.5
47.2
39.8
38.3 33.0
May
48.2
47.2
39.4
38.3 33.2
June
48.0
46.9
38.9
 38.4
 32.7
July
47.9
45.7
 39.2
 37.8
 33.2
August
47.9
44.5
 39.2
37.5
 33.3
September
47.8
43.7
 39.2
36.7
 
October
47.7
43.0
 39.3
 36.3
 
November
47.9
42.4
39.2
35.3  
December
47.6
41.9
 39.0
34.8  

*NOTE:  Information from October 2008 and prior does not include the Paper Technologies and Ventures operations of Hercules acquired on November 13, 2008.  The calculated gross profit percentages for November and December of 2008 exclude the impact of purchase accounting inventory step-up adjustments.  August and September 2007 information (and 3 and 12 month rolling averages that contain August and September 2007 information) is affected by the 13 month foreign reporting impact described on the Business Fundamentals page of this website.  In May 2006 Ashland acquired the water treatment business of Degussa AG.
 
 
Exhibit 99 .7
(Text of graph posted to Ashland Inc.'s website concerning
 Ashland Performance Materials average sales per shipping day)
 
Average Sales per Shipping Day ($ in millions)*
       
           
 
2005
2006
2007
2008 2009
January
5.176
5.258
6.061
6.040  4.403
February
5.593
5.816
5.593
6.446  4.042
March
5.570
5.200
5.965
6.494  3.896
April
5.989
6.156
6.637
6.552  3.966
May
6.183
5.641
6.112
6.741  4.024
June
5.812
5.845
6.313
6.612 
 4.176
July
5.425
5.886
 6.073
6.889 
 4.058
August
5.293
5.501
 6.642
6.254 
 3.822
September
5.264
5.663
 8.307
6.867 
 
October
5.955
6.083
 5.968
6.074 
 
November
6.030
6.149
6.642
5.872   
December
5.305
5.800
 5.318
3.738   

*NOTE:  August and September 2007 information (and 3 and 12 month rolling averages that contain August and September 2007 information) is affected by the 13 month foreign reporting impact described on the Business Fundamentals page of this website. 
 
 
Exhibit 99 .8
(Text of graph posted to Ashland Inc.'s website concerning
 Ashland Performance Materials revenue)
 
Monthly Sales ($ in millions)*
         
           
 
2005
2006
2007
2008 2009
January
103.5
110.4
133.3
132.9  92.5
February
111.9
116.3
111.6
135.4  80.8
March
122.5
119.6
131.2
129.9  85.7
April
125.8
117.0
132.7
144.2  83.3
May
129.9
124.1
134.5
141.6  80.5
June
127.9
128.6
132.6
138.9 
 91.8
July
108.5
117.7
 127.5
151.6 
 89.3
August
121.7
126.5
 152.8
131.3 
 80.3
September
110.5
113.3
 157.8
144.2 
 
October
125.1
132.8
 137.3
139.7 
 
November
120.6
123.0
132.8
105.7   
December
106.1
110.2
 101.0
78.5   
 
 
12 Month Rolling Average ($ in millions)*
       
            
 
2005
2006
2007
2008 2009
January
94.3
118.4
121.9
132.1  127.8
February
96.5
118.8
121.5
134.0  123.2
March
99.4
118.5
122.4
133.9  119.6
April
102.3
117.8
123.8
134.9  114.5
May
106.0
117.3
124.6
135.5  109.4
June
108.4
117.4
125.0
136.0 
 105.5
July
110.0
118.1
 125.8
 138.0 
 100.3
August
112.3
118.5
 128.0
136.2 
 96.0
September
114.1
118.8
 131.7
135.1 
 
October
115.8
119.4
 132.1
135.3 
 
November
117.1
119.6
132.9
133.0   
December
117.8
120.0
 132.1
131.1   

*NOTE:  August and September 2007 information (and 3 and 12 month rolling averages that contain August and September 2007 information) is affected by the 13 month foreign reporting impact described on the Business Fundamentals page of this website. 
 
 
Exhibit 99 .9
(Text of graph posted to Ashland Inc.'s website concerning
 Ashland Performance Materials gross profit)
 
3 Month Rolling Average (%)*
         
            
 
2005
2006
2007
2008 2009
January
17.3
21.3
20.5
17.3  17.1
February
18.6
22.2
19.7
17.1  17.9
March
20.7
22.9
20.5
18.1  19.5
April
21.5
23.4
21.0
18.5  19.0
May
21.6
24.2
21.4
18.1  18.0
June
22.6
25.0
21.9
 17.5  16.9
July
22.7
24.6
 21.2
 16.1 
 17.4
August
22.9
22.8
 20.1
14.6 
 17.0
September
21.2
20.3
 18.1
 14.6 
 
October
21.6
20.4
 18.4
 14.8 
 
November
20.9
20.8
18.7
16.1   
December
21.6
21.1
 18.2
15.9   

 
12 Month Rolling Average (%)*
         
           
 
2005
2006
2007
2008 2009
January
18.9
21.8
22.2
19.4  16.6
February
18.9
21.9
21.9
19.4  16.5
March
18.8
22.1
21.7
19.1  16.6
April
19.0
22.3
21.6
18.9  16.5
May
19.3
22.5
21.2
18.5  16.3
June
19.7
22.8
21.0
18.0 
 16.4
July
19.9
22.8
 20.8
 17.6 
 16.8
August
20.2
22.5
 20.5
17.1 
 17.1
September
20.4
22.5
 20.3
17.0 
 
October
20.9
22.4
 20.2
16.7 
 
November
21.1
22.5
20.0
16.5   
December
21.6
22.3
 19.6
16.6   
 
 
*NOTE:  August and September 2007 information (and 3 and 12 month rolling averages that contain August and September 2007 information) is affected by the 13 month foreign reporting impact described on the Business Fundamentals page of this website. 
 
 
Exhibit 99 .10
(Text of graph posted to Ashland Inc.'s website concerning
 Ashland Consumer Markets (Valvoline) premium lubricants % of branded volume)
 
Premium Lubricants % of  Branded Volume
         
           
 
2005
2006
2007
2008
 2009
January
23.0
23.9
24.1
25.3 27.6
February
21.9
25.1
21.5
25.7 27.6
March
26.7
24.1
24.3
26.0 31.3
April
23.8
23.3
24.0
23.0 27.7
May
23.2
21.8
26.3
26.3 28.4
June
26.3
22.2
 23.2
 25.6
 30.4
July
23.6
22.5
 22.2
 23.6
 27.2
August
24.1
23.3
 24.8
27.6
 27.4
September
21.5
20.9
 23.9
27.5
 
October
22.2
21.7
 23.6
 26.9
 
November
24.4
20.5
23.4
27.0  
December
22.1
22.6
 21.8
27.4  
 
 
 
Exhibit 99 .11
(Text of graph posted to Ashland Inc.'s website concerning
Ashland Consumer Markets (Valvoline) revenue)
 
Monthly Sales ($ in millions)*
         
            
 
2005
2006
2007
2008
 2009
January
103.0
113.1
122.8
135.7 128.6
February
105.5
109.1
122.3
127.4 127.3
March
114.9
130.6
137.3
137.5 151.6
April
118.3
116.8
135.2
154.1 144.4
May
118.3
126.8
133.2
130.8 133.9
June
117.8
122.9
139.1
 143.0
 162.6
July
107.0
116.3
 129.1
 150.9
 145.6
August
116.1
128.3
 131.6
 147.8
 141.8
September
115.7
134.6
 123.5
155.1
 
October
105.8
130.3
 141.2
 143.9
 
November
106.0
114.6
129.6
119.5  
December
98.7
106.6
 109.5
124.1  
 

12 Month Rolling Average ($ in millions)*
         
           
 
2005
2006
2007
2008 2009
January
109.4
111.4
121.6
130.6 138.5
February
109.8
111.7
122.7
131.0 138.5
March
109.6
113.0
123.3
131.0 139.7
April
109.8
112.9
124.8
132.6 138.9
May
111.0
113.6
125.4
132.4 139.2
June
111.6
114.1
126.7
 132.7
 140.8
July
110.8
114.8
 127.8
 134.6
 140.4
August
111.5
115.8
 128.0
 135.9
 139.9
September
110.5
117.4
 127.1
138.5
 
October
110.6
119.5
 128.0
 138.8
 
November
110.8
120.2
129.3
137.9  
December
110.6
120.8
 129.5
139.1  

*NOTE:  August and September 2007 information (and 3 and 12 month rolling averages that contain August and September 2007 information) is affected by the 13 month foreign reporting impact described on the Business Fundamentals page of this website. 
 
 
Exhibit 99 .12
(Text of graph posted to Ashland Inc.'s website concerning
Ashland Consumer Markets (Valvoline) gross profit)
 
3 Month Rolling Average (%)*
         
            
 
2005
2006
2007
2008 2009
January
26.7
21.4
24.5
24.2 23.6
February
27.4
21.6
25.1
24.0 29.1
March
28.3
22.0
25.6
24.4 32.2
April
28.8
21.4
25.1
24.6 36.5
May
28.1
20.4
25.3
24.6 36.2
June
25.9
20.2
25.1
 23.9
 37.5
July
25.4
19.6
 25.9
 21.8
 37.2
August
25.6
19.0
 25.5
19.5
 36.8
September
25.4
16.0
 24.6
19.2
 
October
24.5
17.9
 24.3
 20.1
 
November
23.0
19.7
24.6
21.1  
December
22.1
23.8
 24.7
21.8  
 

12 Month Rolling Average (%)*
         
            
 
2005
2006
2007
2008 2009
January
28.0
25.1
20.7
24.9 22.4
February
28.0
24.7
21.0
24.9 23.4
March
28.1
23.9
21.4
24.7 24.2
April
28.1
23.2
21.7
 24.8 25.5
May
27.9
22.6
22.3
24.7 26.4
June
27.4
22.4
22.6
 24.4
 27.7
July
27.2
21.7
 23.3
 23.7
 29.5
August
26.9
20.9
23.9
23.1
 31.0
September
26.6
19.9
 24.8
 23.0
 
October
26.4
20.0
 25.0
 22.6
 
November
26.0
20.1
25.1
22.2  
December
25.5
20.4
 25.0
22.3  

*NOTE:  August and September 2007 information (and 3 and 12 month rolling averages that contain August and September 2007 information) is affected by the 13 month foreign reporting impact described on the Business Fundamentals page of this website. 
 
 
Exhibit 99 .13
(Text of graph posted to Ashland Inc.'s website concerning
Ashland Consumer Markets (Valvoline) lubricant sales gallons)
 
3 Month Rolling Average (in millions)*
         
           
 
2005
2006
2007
2008 2009
January
13.1
13.1
12.3
13.2 10.6
February
12.9
13.2
12.7
13.1 11.2
March
14.1
14.7
13.9
14.0 12.6
April
15.1
15.0
14.5
14.7 13.7
May
16.0
15.6
14.8
14.6 14.3
June
16.0
15.0
14.5
 14.6
 15.2
July
15.4
14.7
 15.0
 14.0
 15.4
August
15.0
14.4
 14.9
14.4
 15.7
September
14.7
13.7
 14.4
 14.5
 
October
14.5
14.0
 14.0
 13.6
 
November
13.7
13.2
13.8
12.3  
December
12.8
12.8
 13.3
11.0  

*NOTE:  August and September 2007 information (and 3 and 12 month rolling averages that contain August and September 2007 information) is affected by the 13 month foreign reporting impact described on the Business Fundamentals page of this website. 
 
 
Exhibit 99 .14
(Text of graph posted to Ashland Inc.'s website concerning
 Valvoline Instant Oil Change twelve month rolling average sales)
 
Stores 2 Years and Older ($ in millions)*
         
            
 
2005
2006
2007
2008
2009
January
11.7
11.4
11.5
12.4
 13.2
February
11.7
11.4
11.6
12.4
 13.3
March
11.7
11.4
11.7
12.4
 13.4
April
11.7
11.3
11.7
12.5
13.4
May
11.7
11.3
11.8
12.6
 13.5
June
11.7
11.3
11.9
12.5
 13.5
July
11.7
11.3
12.0
 12.7
 13.6
August
11.7
11.2
12.2
12.7
 13.6
September
11.6
11.3
12.2
12.8
 
October
11.5
11.3
12.3
 12.9
 
November
11.5
11.3
12.4
13.0  
December
11.4
11.4
12.4
13.1  
 
*NOTE: 60 VIOC stores  transferred  to Marathon on June 30, 2005,  have been excluded from this data.
   
 
 
 
Exhibit 99 .15
 (Text of graph posted to Ashland Inc.'s website concerning
Ashland Distribution average sales per shipping day)
 
Average Sales per Shipping Day ($ in millions)*
 
           
 
2005
2006
2007
2008 2009
January
15.187
15.959
15.445
17.177 12.065
February
15.530
16.412
16.333
16.794 10.847
March
15.524
15.910
15.520
17.574 10.339
April
15.631
17.034
16.592
17.319 10.825
May
15.664
16.459
15.905
17.809 11.268
June
14.971
16.552
16.377
 18.863
11.160
July
14.774
16.194
 15.948
 18.018
11.506
August
14.535
15.925
 16.762
 17.994
11.744
September
16.319
16.695
 17.328
 17.958
 
October
15.870
16.000
 16.109
 16.188
 
November
16.688
16.537
17.169
14.765  
December
14.991
13.963
 14.506
10.232  
 
 
*NOTE:  August and September 2007 information (and 3 and 12 month rolling averages that contain August and September 2007 information) is affected by the 13 month foreign reporting impact described on the Business Fundamentals page of this website. 
 
 
Exhibit 99 .16
(Text of Graph posted to Ashland Inc.'s website concerning
Ashland Distribution revenue)
 
Monthly Sales ($ in millions)*
   
             
 
2005
2006
2007
2008
2009
January
304
335
340
378
253
February
311
328
327
353
 217
March
342
366
341
351
 227
April
328
324
332
381
227
May
329
362
350
374
225
June
329
364
344
396
246
July
295
324
335
396
253
August
334
366
386
378
247
September
343
334
329
377
 
October
333
352
371
372
 
November
334
331
343
266  
December
300
265
276
215  

 
12 Month Rolling Average ($ in millions)*          
              
 
2005
2006
2007
2008 2009
January
288
326
338
343 343
February
293
328
338
345 331
March
297
330
336
346 321
April
301
329
337
350 308
May
306
332
336
352 296
June
309
335
334
356
283
July
311
337
 335
361
271
August
314
340
 336
361
260
September
318
339
 336
365
 
October
320
341
 338
365
 
November
323
341
339
358  
December
324
338
 340
353  

*NOTE:  August and September 2007 information (and 3 and 12 month rolling averages that contain August and September 2007 information) is affected by the 13 month foreign reporting impact described on the Business Fundamentals page of this website.
 
Exhibit 99 .17
(Text of graph posted to Ashland Inc.'s website concerning
Ashland Distribution gross profit)
 

3 Month Rolling Average (%)*
     
            
 
2005
2006
2007
2008
2009
January
9.9
10.1
8.8
7.6
10.8
February
9.7
9.4
8.7
7.2
10.8
March
9.8
9.6
9.0
7.7
12.8
April
9.8
9.7
8.1
7.6
12.3
May
10.0
9.8
7.3
7.6
 11.9
June
10.0
9.3
7.1
7.8
10.1
July
10.1
9.1
7.3
7.6
10.1
August
9.7
8.8
7.8
7.7
9.8
September
9.3
8.8
7.0
8.1
 
October
9.1
8.9
6.9
8.1
 
November
9.9
9.0
7.2
8.5  
December
10.2
8.6
7.5
8.6  




12 Month Rolling Average (%)*
     
           
 
2005
2006
2007
2008
2009
January
9.6
9.8
9.1
7.5
8.4
February
9.6
9.8
9.1
7.4
 8.4
March
9.7
9.8
8.9
7.3
 9.0
April
9.7
9.7
8.7
7.4
 9.1
May
9.7
9.7
8.4
7.5
 9.3
June
9.7
9.6
8.4
7.5
 9.6
July
9.8
9.5
8.3
7.4
 9.9
August
9.8
9.5
8.2
7.4
 10.0
September
9.7
9.5
7.9
7.8
 
October
9.7
9.4
7.7
7.7
 
November
9.8
9.2
7.7
7.7  
December
9.8
9.1
7.6
8.0  
 
 
*NOTE:  August and September 2007 information (and 3 and 12 month rolling averages that contain August and September 2007 information) is affected by the 13 month foreign reporting impact described on the Business Fundamentals page of this website.  Distribution's gross profit as a percentage of sales for the three months ended March 31, 2009 and 2008 include a LIFO quantity credit of $11 million and $4 million, respectively.
 
Exhibit 99 .18
(Text of graph posted to Ashland Inc.'s website concerning
Ashland Inc. operating segment trade working capital)
 
 
% of Annualized Sales #
           
 Monthly Actual %            
 
2007
 
2008
  2009  
January
 
 
17.0
 * 16.9  
February
 
 
16.7
 *  16.9  
March
 
 
15.6
 *   16.3  
April
 
 
15.5
 *   15.9  
May
 
 
15.1
 *   16.0  
June
 
 
15.2
 *   14.9  
July
 
 
14.6
 *   14.4  
August
 
 
14.5
 *   13.9  
September
 
 
13.7
 *     
October
16.3
 *
13.3
 *     
November
16.6
 * 14.1      
December
17.1
 * 16.2      
 
*NOTE:  Data has been adjusted to include the historical Hercules businesses, preceding its purchase in November 2008.
 
 
 
# NOTE:  Selected Working Capital Components - August 31, 2009
           
                             
Unaudited Data
                           
($ in millions)
     Operating        
Other
           
        segments   (a)    
components
  (b)  
Total
   
Accounts receivable (c)
    1,376           16  
 
    1,392    
Inventories (d)
    703           (140 )       563    
(Less) Trade and other payables
     (901 )         (416 )
 
    (1,317 )  
Net
     1,178           (540 )       638    
                                 
(a)   Represents amounts considered in internal performance metrics applicable to most employees.
       
(b) Amounts relate primarily to items within Corporate reporting segments.
     
(c) Accounts receivable is shown net of allowances for doubtful accounts.
       
(d) Operating segment amount excludes LIFO reserve, which is presented under other components.